Periodic Reporting for period 5 - Path Feel (Insoles for Neuropathy and Balance Issues)
Okres sprawozdawczy: 2021-11-01 do 2022-12-31
healthcare resources. One of the ways to reduce the costs of care for the elderly and chronic patients relates to fall prevention.
At Walk With Path we invented Path Feel – an insole that provides vibrational feedback to the feet in real time to help people feel the ground again. It increased the balance and mobility of 92% of users and reduce their risk of falls by 50%. We have proven that it works in a number of pre-clinical studies, and further studies are taking place as part of this project to validate the product in a diabetic population. By bringing mobility back, Path Feel gives more freedom to the patient and the family.
The elderly population in the EU is projected to increase, reaching 75 million by the end of 2020 and 88 million in 2030. Over 220 million people worldwide suffer from balance and sensory issues, and the global walking aids market is estimated to surpass €1 billion by 2023, growing at an estimated CAGR of 4.3% from 2018 to 2023.
Within the project we will finish our existing prototype and make it ready for manufacture, validate it based on clinical and usability testing, certify it according to the required regulations, and introduce it to the market after the project ends.
The insole design has been finalised for the MVP status. Path Feel design for manufacturing documentation has been created, and production took place, with minor modifications being made now.. We plan to pilot launch in the US with a commercial partner in March 2023, and to commence NHS pilots around the same time.
We participated in various events, including SET Squared investor event and the Cartier Women’s Initiative invited Lise to The Dubai World Expo for a global gathering of entrepreneurs and the greater Cartier network.