At MEDICA Startups Are Reshaping The Healthcare Industry.

 At MEDICA, startups are reshaping the healthcare industry.

It has long been acknowledged that the world's largest medical trade show, MEDICA (Düsseldorf, Germany), serves as a global platform for startups in the healthcare industry. At the next MEDICA 2023, which is scheduled to run from More than 5,000 firms will be exhibiting at COMPAMED 2023 from November 13–16, and among them will be hundreds of fresh development teams looking for partnerships in the areas of funding, production, product approval, marketing, and sales. The event has a variety of startup-focused programme highlights that give them the best opportunity to introduce their cutting-edge solutions to the global professional healthcare community. The 12th MEDICA Startup Competition, the 15th Healthcare Innovation World Cup, the MEDICA START-UP PARK, and many startup exhibitions at the MEDICA CONNECTED HEALTHCARE FORUM are noteworthy programme highlights.

A wide range of healthcare innovations, including artificial intelligence (AI) and health apps as well as laboratory diagnostics and medical robotics, are highlighted in the MEDICA Startup Competition. This year, a new category called "Sustainability" is being added. Idoven, a Spanish firm that has created an AI-based platform for cardiology-as-a-service, won the competition in 2022. The electrocardiograph (ECG) interpretations are more accurate and consistent because to Idoven's proprietary AI. Their participation in the contest gave the business tremendous global exposure and brought in over USD 20 million in funding for upcoming initiatives and improvements.

Another intriguing possibility for start-ups, scale-ups, and smaller mid-level enterprises may be the 15th Healthcare Innovation World Cup. It focuses on intelligent Internet of Medical Things (IoMT) technologies, including wearables with network connectivity, digital biomarkers, and smart bandages. The 12 finalists that make the cut will be invited to present their companies on the MEDICA CONNECTED HEALTHCARE FORUM stage at MEDICA 2023. ViewMind Inc., a business that specialises in the management of neurodegenerative disorders, won the award the previous year.

This year's MEDICA START-UP PARK has established itself as a key location for startup networking, bringing in a record 40 early registrants. The Ukrainian start-up initiative "Up To Future," which supports businesses like HandyUsound, which created a portable ultrasound equipment, is a frequent participant. The maker of EEG helmets intended to identify dementia early and stimulate brain cells and neurons, Megnosis of Korea, is also taking part. At MEDICA 2023, AssistMe, a German participant, will unveil a smart sensor system for use in trousers for incontinence.

"I was astonished by how international this trade show is!" The competition finals on the stage of the MEDICA CONNECTED HEALTHCARE FORUM were a success, according to Rika Christanto, COO of Idoven, who is delighted with the results of participation at MEDICA.