According to a study by the World Economic Forum and the Harvard School of Public Health, 63% of all deaths worldwide currently stem from non-communicable diseases (NCDs) – chiefly cardiovascular diseases, cancers, chronic respiratory diseases and diabetes. NCDs have a large impact on society, undercutting productivity and boosting healthcare outlays. The number of people affected by NCDs is expected to rise substantially in the coming decades, reflecting an ageing and increasing global population. An estimated 75% of all health care costs are spent on those diseases affecting 50% of the population. So new prevention systems are urgently needed. One appealing and non-invasive form of detection and prevention for many of these causes is a simple urine prophylaxes done at home or at doctor’s offices.
The objective of the Medipee project is to prepare a technical and commercial feasibility study for the development, certification and commercialization strategy of a novel touchless method and eHealth system for automated urine monitoring. The Medipee technology and device allows for easy to use, low cost, automated and comfortable urine testing which can be used by patients in their homes and delivers digital (and/or analogue) results immediately.
As one of the most important tasks of this Phase 1 project, Medipee completed a thorough feasibility study which fulfils the following objectives:
1. To assess the project’s technical, financial, commercial, legislative and management risks.
2. To conduct an in-depth market analysis.
3. To conduct partner searches to clarify market potential and expansion.
4. To further evaluate the technology with independent industry experts.
5. To refine IPR strategy and seek external advice on the most appropriate IPR route, to look on the most promising ideas which can be patented and be used to secure Medipee’s lead in the industry.
6. To develop an elaborated business plan providing more detailed market research and set a comprehensive approach for commercialization in the period following the feasibility study