Digital healthcare has become one of the trending technologies in the modern world. Many investors are seeking opportunities to enter the market. According to Frost & Sullivan, the global digital healthcare market is expected to expand from $147 billion in 2019 to $220 billion in 2023. The estimated CAGR growth will reach 12% from 2019-2023.
The uprising of healthcare/biotech startups is inevitable. In recent years, we have also seen the growth of healthcare/biotech products at InnoVEX. In 2018/2019, the InnoVEX Pitch Contests’ prizes are mostly won by healthcare/biotech startups; 2019 InnoVEX Grand Prize: MedFluid and 2018 InnoVEX Grand Prize: BioInspira.
According to the Centers for Disease Control and Prevention (CDC), 1 in 13 people have asthma. Moreover, ten Americans die from asthma each day; many of these deaths are avoidable with proper treatment and care. Have you ever notice that keeping track of your breath is something that can make a huge difference in your life? From asthma patients to professional athletes, knowing your current lung function is crucial regarding symptom prevention or performance monitoring. Fortunately, with ezOxygen, breath inspection can be done within seconds.
Genius Holdings, a Taiwanese startup, has invented ezOxygen which is a device that provides both easy and portable solutions for instant breath inspecting. With its special ultrasound whistle and sensor, ezOxygen has differentiated itself with other similar devices in the market by avoiding physical deterioration on its device from normal usage.
ezOxygen has its own app that shows you all the data such as peak expiratory flow, FVC, etc. Simply blow the air into the device and you will have access to the statistic of your current lung function on your phone, how convenient. Introduced in 2016, ezOxygen has already won the “2019 Innovation Award" at CES.
The Co-Founder of Genius Holdings, Ms. Tifa Su, has mentioned that they first came up with the idea of inventing ezOxygen by noticing the air pollution in the modern world has threatened people’s daily life seriously. Besides, traditionally, patients had to visit the hospital to get their lung checked which was costly and inefficient. ezOxygen has solved this problem.
圖三：ezOxygen因體積小、容易攜帶且準確度高，榮獲CES 2019新創創新獎項（Innovation Award）。（圖片來源：廠商提供）
Genius Holdings had finished its angel funding and ready for the series A. Besides looking for potential investors, Genius Holdings are also in the process of getting approval from the FDA for ezOxygen. “Hopefully, once the product is approved, we will be able to partner up with pharmacies around the world providing in-store purchasing services,” says Ms. Tifa Su.
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InnoVEX 2020 will be held from June 3rd to June 5th at Taipei World Trade Center – Hall 1. Besides the exhibition, there are pitch contest, matchmaking, and more on-site events waiting for you to explore! New theme Zone will also be introduced at InnoVEX 2020. Please check out InnoVEX 2020 Official Website for more details.