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    Date submitted
  • 20-Dec-2016

Smart Bandage

Abstract

Smart Bandage : Our product offering is in the space of IOT targetting patients with chronic wounds (increasing in occurrence at the rate of 7-10% per year - currently 39 billion spent annually ), with the aim to improve their quality of life and simultaneously ease the burden on the health system. The disposable, low-cost initiative allows for wireless monitoring of wound site in real time; sending early warnings to remote medical staff in case of infection, bleeding, pressure variation and changes in other variables; as well as drug administration, if required.

It is unique, and presently without a counterpart in the world. The lab-testing stage has been successfully cleared and considering the ever-increasing market size and the dire need for the product, we are planning to launch it in Canada at the earliest. With the innovation’s unveiling, we foresee a momentous shift in the way chronic wounds in particular and post-surgical wounds in general, are being handled. The disposable, low cost, tech-solution is mass producible, and bound to positively impact health care systems world-wide

Video

Original YouTube URL: Open

Introduction Video

Additional Questions

Who is your customer?

Most people who are affected are patients undergoing post operative procedures, diabetic patients suffering from foot ulcers / leg ulcers, people suffering from bedsores, obese people & lastly old people. 7 Million people are suffering from chronic wounds in USA & Canada. and we plan to serve them in Hospital and home care centres

What problem does this idea/product solve or what market need does it serve?

Chronic wounds may or may never heal, any wound that takes more than three months to heal is considered chronic. It acts as a widespread silent epidemic that significantly deteriorates the quality of life of its patients (due to extreme pain, regular clinic visits, dressing change appointments, irregular bleeding, loss of employment, increased expenses, chronic morbidity & even death).

What attributes will make this idea/product successful? Why do you believe that those features will create success?

We are working on improving the lives of people suffering from chronic wounds and significantly reducing the burden on health care industry . Our 'Smart Bandage' is disposable and its low cost is almost equal to the cost of a conventional bandage. Its wearable outside the body , can be used alone or along with any other bandage , compact, scalable, flexible features, wirelessly send vital signs of the wound to remote medical staff on their cell phones or other screens in real time and maintain record of wound healing progress data for future assessment, such as (i) Ulcer formation, (ii) Infection, (iii) Oxygen, (iv) Pressure, (v) Temperature, (vi) Humidity, (vii) Blood glucose levels, and (viii) Wound-healing progress data.

Explain how you (your team) will execute to make this idea/product successful? What gives you (your team) an advantage over others already in the market or new to this market?

By forming strategic partnerships with hospitals and home care access centre .