Medical Needs

Medical Need & Target Markets

At its core, CareTaker is a platform technology that can measure CNIBP and other physiological data for viewing by Clinicians.

Using our low-energy Bluetooth technology, CareTaker can also collect and display data from other BLE-capable devices such as weigh scales, gluclose meters, insulin pumps, and fall detectors, to provide a comprehensive view of a patient’s health.

Though the CareTaker platform has broad sweeping clinical applications such as Personal Wellness, Sleep Studies, Veterinary Medicine, and Oral Surgery, the company is initially focused on addressing 3 key medical market segments:

1. Non-Invasive, Hemodynamic Monitoring

30% of all ICU Patients receive an invasive Arterial Catheter for continuous blood pressure monitoring (over 7M placements in the US), and have significant complication rates (infection, occlusion, sepsis, etc. (Figure 3).

  • Non Invasive Hemodynamic Monitors are emerging to replace A-Lines, accounting for $150M of $540M annual market.
  • CareTaker’s Low-Cost, Realtime, Beat-by-Beat BP and HR is a tested solution which reduces risk and dramatically reduce costs.
Figure 3

2. Remote, Home Care “Telemedicine” Market

By 2018, there will be 7 Million “Telemedicine” patients representing a $4.5B Market (Figure 2).

  • Hospitals now need to monitor patients at home after discharge to prevent Re-Admission Penalties
  • Aging Baby Boomer segment means Long Term Care needs are increasing
  • Exploding Pervasiveness of Tablets, Connectivity, and Cloud Information means patients are expecting a “connected patient” to track recovery
  • CareTaker can easily be sent home with a patient to track vital signs securely.
Figure 2

3. Wireless “Connected Patient” Hospital Vital Sign Monitoring

Still dominated by ‘traditional monitors’, the global market for Vital Sign Monitors is $3.15B, growing at 6.6% CAGR. The US market will grow 40% to $1.3B in 2018 (Figure 1).

  • Many hospitals are in Upgrade/Replace life cycle of traditional bedside monitors
  • Traditional Monitors can ‘talk’ to central nurses stations, but still are still mounted on a wall or pole and require a cumbersome myriad of wires, leads, and hoses to be connected to the patient.
  • CareTaker Wireless Monitoring attaches to a patient’s wrist with a simple finger cuff, allowing mobility, so patient stays connected & monitored as they move between hospital departments (ER, Radiology, MRI/CT, Lab, etc),
  • Wireless Mobile monitoring studies suggest lower hospital costs and improved outcomes. CareTaker may reduce hospital liability by monitoring pre-admit ER patients, waiting for bed, during ambulatory transport, etc.
Figure 1
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