Periodic Reporting for period 1 - Enjoint (An intelligent exercise machine for measurable and motivational neuro-muscular rehabilitation therapy)
Periodo di rendicontazione: 2018-11-01 al 2019-02-28
Current rehabilitation devices fail to provide an effective therapy because of the lack of tailored training according to the patient’s needs, low self-training compliance and the lack of precise data about patient’s evolution.
At Robofit ApS (2013, Denmark) we have developed Enjoint, a novel intelligent exercise machine for neuro-muscular therapy. By using Big Data and Cloud Connection, Enjoint provides precise data about patient’s progress while adjusting the training according to the patient’s needs. Furthermore, Enjoint increases compliance of the rehabilitation program up to 87.5%, by increasing patient’s self-motivation.
Enjoint has proven to reduce session costs up to €335/patient, reaching savings of €35,000/patient/year by reducing the sick leave period. Moreover, Enjoint has a low price compared to similar products in the market.
We will start the commercialization of Enjoint by 2021 in Denmark and we expect to internationalize our customer base entering by 2022 onwards across Belgium, Germany, The Netherlands, Sweden, Austria, Spain, France, Switzerland, Croatia, Czech Republic, Hungary and Italy. Expected gross profits after 4 years of commercial exploitation are estimated at €2.8 Million.
- The project is commercially feasible and there is a growing market for our product. Enjoint can be positioned between the global robotic rehabilitation and assistive technologies market, which is projected to attain a value of USD 2.3 billion in 2025, and the global rehabilitation equipment and devices market, which is expected to arrive at a value of USD 15.83 billion in 2025.
- The project is economically feasible and highly profitable. We estimate gross profits of around €2,8 million after 4 years of commercialization.