London-based Your.MD has developed a smart and personalised Health Assistant app that digitally empowers smartphone users worldwide to take charge of their own health care using artificial intelligence. The app allows users to explain what their complaints are to the app via voice or text. Next, users enter additional symptoms and other personal information, like their ages and genders. Your.MD will then ask the user up to three follow-up questions to improve the accuracy of the results. After collecting this data, the app provides the user with information on up to five conditions or illnesses that best match their symptoms and personal profile. The app is not yet monetized by the company.
Lyra Health is focussing on addressing the gaps in the healthcare system surrounding behavioral health conditions like anxiety and depression. Lyra is building a data-driven platform to identify people at risk of behavioral and mental health conditions, and make sure they’re being appropriately treated. The more data that Lyra is able to accumulate, the better its predictive analytics and treatment suggestion engine will be. The care managers at Lyra helps people navigate their healthcare plans and understand treatment options, and check up on patients once they’ve chosen a treatment plan to make sure that it’s actually working.
Organic skincare market in India is estimated to grow two-fold in next five years and cross the mark of Rs 1,000 crore by year 2020, according to promoter sisters of Azafran Innovacion, an integrated ‘Farm to Face’ player offering innovative skincare solutions. Currently the market in India is estimated at Rs 500 crore and growing at 20-25% per year. The trend of ‘Go Organic’ or ‘Live Organic’ is catching up in the skincare segment too. Increasing awareness towards beauty and wellness, and rapidly changing life-style are some factors that attribute to the growth in this sector. Organics is one of the fastest growing segments in the global personal care industry. Organic personal care products are manufactured from natural ingredients extracted from plants, herbs and flowers under eco-friendly conditions.
AbilTo is focused on identifying and remotely treating mental health co-morbidities that can negatively affect recovery from medical conditions or events such as cardiac events, diabetes, or breast cancer. The company works with health plans and employers to identify the individuals in an employee population that are at the highest risk for these complications and are the most likely to be helped by treatment. Then those patients are invited to an eight-week messaging program with a therapist and health coach that can be carried out either online or on the telephone. AbilTo offers 16 different programs.
At $2.5-3.1 billion, pharmaceutical outsourcing market (excluding contract manufacturing services) accounts for about 75% of the India’s medical process outsourcing (MPO) segment which is currently estimated at $3.3–4.2 billion, according to a recent Assocham-Ernst & Young joint study. While the payer outsourcing market constitutes $700-900 million of India’s MPO market, the provider market accounts for the remaining share of about $100-200 million.
The recent US regulation on Patient Protection and Affordable Care Act (PPACA) together with the proposed introduction of ICD-10 standards have given impetus to the Indian MPO market. Besides, domestic players are also gradually moving up the value chain in terms of service offerings while maintaining their cost competitiveness. All of these combined will give a boost to the MPO market, with payer BPO market likely to grow at about 10% year-on-year in the next three to four years globally, provider outsourcing at more than 30% during 2011–2016, and the Contract Research Organisations (CROs) market at 18%–20% in the coming years.