Corporate Opportunities

The Future of Remote Patient Monitoring

Our mission is to empower clinicians and health care actors with access to real time patient data there by allowing them to make prompt and informed decisions. This results in a better outcome for the patient. Digital technology and innovations in healthcare are empowering patients and transforming the medical industry.

The Challenge

Post-surgery care is a critical phase

Post-surgery care is crucial, but clinicians often lack real-time insights into their patients' recovery until the next scheduled appointment which can lead to delayed interventions when timely care is most needed.

Current approach is reactive

The current approach is reactive, with clinicians unable to intervene proactively when complications arise. Globally, 20% of patients are readmitted after surgery, highlighting the need for more immediate insights into recovery.

Additionally Adherence to post

Adherence to post-treatment exercises and/or medication is poor. Studies show that 25-30% of patients do not follow rehabilitation exercises, and 40% fail to adhere to their medication regime, affecting recovery.

Market Size & Trends

The global mHealth market size was valued at USD 56.8 bBillion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 10.8% from 2023 to 2030.

Growing adoption of mHealth technology and platforms by physicians and patients alike are anticipated to propel market growth coupled with advancements in technology capabilities and AI.

Medytrak’s aim is to enter the market now and to be well positioned as the mHealth remote monitor of choice for HCPs.

The TAM consists of Consultants, Dentists, Clinical Trials, GPs, nutritionists and any practice delivering treatment to patients/clients, 1.2 million surgeries in Ireland per annum. International Market (10M UK, 60M EU, 50M USA).

Global mHealth Market Size

$56.8B

TAM (Ireland)

1.2m

Market Need

1. Lack of continuity in care:

Patients feel abandoned

Limited follow-up

2. Need for better communication & data:

Insufficient data

Patient-clinician communication gaps

3. Use of technology for remote monitoring:

Growing use of telemedicine

Patient feedback on apps and wearables

4. Clinician workload & productivity:

Patients feel abandoned

Limited follow-up

5. Adherence to treatment

Remote monitoring has been found to improve medication adherence by 20-30% compared to traditional follow-up methods. Remote monitoring can lead to a 15-20% reduction in hospital readmissions.

THE SOLUTION

Product/Service Offering:

Post-treatment monitoring
Pre-treatment assessment
Clinical trial
Clinical survey

Unique Selling Proposition

No apps to download, simple patient experience
Simple onboarding (2 mins)
Secure anonymised frequent feedback
Simple web-based experience
Dynamic patient dashboard & custom alerting
Clinician automated summary of data
Flexible dynamic questionnaire

Clinical Evalution Study

"At MedyTrak, we're excited to be featured in HIHI's latest clinical evaluation study this July. Our cutting-edge mhealth remote symptom tracker is designed to bridge the gap between patient and healthcare provider. By enabling real-time data collection and seamless sharing of patient information, even through an NFC-enabled card for internet access, we empower practitioners to make more informed decisions during in-clinic consultations

Read HiHi Review Here

Medytrak Testimonials

Real experiences from patients and practitioners

"MedyTrak has transformed how we monitor our patients post-surgery. The real-time insights allow us to provide proactive care without constant check-ins."

-Dr. Sarah Thompson

Orthopedic Surgeon

"Using MedyTrak has streamlined our workflow tremendously. We’re able to track patient recovery effectively and focus on those who need immediate attention."

-Dr. James Riley

General Practitioner

"MedyTrak’s browser-based platform is easy for both patients and providers. It’s become an essential part of our post-treatment care."

-Dr. Emily Chen

Physical Therapist