A Polish company MedApp specialises in digital medicine. It was selected by Google Accelerator among the TOP 15 MedTech companies in Europe at the end of 2021. At the beginning of 2022, it won the OVHCloud competition for MedTech entities. It began signing its first foreign distribution agreements at the beginning of 2021. Its revenues are growing at 52% annually.
MedApp is a technology company listed on the NewConnect market in Warsaw and on Börse Frankfurt. It offers innovative, unique software solutions in diagnostic imaging and new generation digital medicine services (MedTech). They are based on artificial intelligence, mixed reality, and 3D imaging solutions. The essential products, globally scalable, are CarnaLife Holo, CarnaLife System, HoloComm, and the Digital Clinic. The company is supported by the Scientific Council, consisting of recognized specialists in medical innovation. MedApp also cooperates with international technology and medicine leaders. Such as Microsoft, Google, GE Healthcare, and OVHCloud, providing its customers with safe collection, analysis, and data visualization.
Review of solutions in digital medicine
CarnaLife Holo
It is a medically certified innovative technology supporting the planning and performance of complex medical procedures. With the help of the HoloLens 2 goggles from Microsoft, the doctor sees a 3D hologram reflecting the imaged anatomical area in real space. The doctor can freely interact with the displayed hologram.
The CarnaLife System
It is an advanced digital medicine platform that allows a physician to assess and monitor patients’ health and conduct consultations at any time and place. Over 20 remote measuring devices support the system. Research results are analyzed 24/7 using AI algorithms and Big Data analysis. A Digital Clinic was created and addressed directly to patients and individual users based on this solution.
HoloComm
It is a solution for remote, 3D presentation of products, training, education, audits, and other data using Microsoft HoloLens 2 glasses. The software is used in industry, medicine, and education.
The idea behind MedApp’s activities is to facilitate patients’ access to medical care. And then transfer it to the level of comprehensive digital medicine. All of this using new technological solutions supporting the process of diagnostics, analysis, treatment and rehabilitation. When using CarnaLife Holo, the treatment time is reduced by 1/3, saving staff time and increasing the number of possible treatments. The advantage of Canalife System is the support of comprehensive diagnostics and medical care for the patient. And the effectiveness of the doctor’s work time management, of course.
Perspectives
The company is working on both geographic expansion and the expansion of its product offer. At the beginning of 2021, it concluded the first foreign distribution agreements. There were in Great Britain, France, and Luxembourg markets and next it expanded its sales channels in Poland. After acquiring a distributor in Brazil, it applied to Agência Nacional de Vigilância Sanitária to obtain a certificate of compliance for the CarnaLife Holo solution. It will allow it to move to the next stage of activity in the local market. At the beginning of 2022, MedApp Germany GmbH was established. It is dedicated to business development in Germany, Austria, and Switzerland.
Recently, MedApp signed an agreement to award a grant from European funds to prepare the process of entering the Mexican market. And acquired cooperation with one of the leading distributors of medical solutions in Europe. Promedica Praha Group will be the exclusive distributor of CarnaLife Holo technology in the Czech Republic, Slovakia, Hungary, and Finland. The company’s development plans cover other countries, and international expansion may accelerate the acquisition of a new investor. The globally operating Haitong Bank will be responsible for carrying out this process.
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