Expensive, so ask about the money-back guarantee.
http://bambooinnovator.com/2013/07/12/new-rehab-device-to-give-stroke-patients-feedback-the-system-is-expected-to-cost-2000-to-3000-per-unit-the-first-prototypes-should-be-available-later-this-year/
Recovering from a debilitating stroke can be a tough and challenging
process, with patients needing to spend countless hours re-learning
basic motor skills.
Traditionally, occupational therapists have helped the patient with
his exercises, but with Singapore’s manpower crunch there is an
increasing need to automate this process. That is where NeuroStyle comes
in. The local start-up is developing a promising product to help
patients with their rehabilitation at home.“The
technique relies on virtual technology,” said Dr Johnson Lu, director
at NeuroStyle. “We hope to start production in the middle of next year.”
The system will involve sensors being placed on the patient’s head to
record his brain waves. An image on a screen would guide the patient on
his motor skill exercises – and would let him know if he is doing them
right, based on his brain wave readings.
A caregiver at home can put the sensors on the patient’s head, after
receiving training from a medical staff member or a therapist. The
patient and the caregiver will also be trained on how to properly use
the machine, and to do the exercises.
With the feedback, Dr Lu, 47, expects the patients will do their exercises better and recover faster.
The system is expected to cost $2,000 to $3,000 per unit, said Dr Lu,
adding that it would be affordable for most stroke patients. The first
prototypes should be available later this year.
The as-yet-unnamed rehabilitation system will be the largest project
for NeuroStyle, which was started last year. The firm is a joint venture
between China company Shanghai NCC Electronics and local firm Brilliant
Medical Systems, fully owned by Dr Lu.
Both firms have experience in medical technology.
For instance, Brilliant Medical was previously a distributor of such
products – and decided that designing and manufacturing its own products
was the way to go.
“We can get much higher volumes by manufacturing than distributing,”
said China-born Dr Lu, who has been working here for almost 20 years and
is now a Singaporean.
“When we distribute we have a presence only in a few countries, maybe
Singapore and Malaysia. But we can manufacture for many more regional
countries. For a start, we are targeting ASEAN countries, India and
China… If we were only a distributor, we wouldn’t be able to reach as
far as China,” he said.
NeuroStyle has lost money since its inception – having no revenue and
yet racking up operational costs. Funding from its two parent companies
has kept it afloat, and it has also received funding from enterprise
agency Spring Singapore for the development of the stroke rehabilitation
system.
NeuroStyle expects revenue to start flowing in from next year.
Dr Lu, who holds a doctorate in mechanical engineering, expects
annual revenue to be less than $5 million, for next year and 2015.
The firm has about 10 employees, and wants to recruit 10 more. A
further 10 employees of Shanghai NCC will do some work for NeuroStyle
but remain on the China company’s payroll.
NeuroStyle has had some support from the Agency for Science, Technology and Research (A*Star).
In fact, its stroke rehabilitation system was developed by A*Star’s Institute for Infocomm Research and Tan Tock Seng Hospital.
The technology transfer arm of A*Star is facilitating the licensing
of the technology to Neuro- Style, which may see a small part of the
product’s profit going to A*Star.
NeuroStyle also has other devices in the pipeline which it hopes to
start producing next year. The prototype has already been completed for a
stroke diagnosis machine which Dr Lu hopes to sell to regional
hospitals.
“The local-made diagnosis devices used by hospitals in many
developing countries may be less accurate,” said Dr Lu. “But our product
will have better signals from the brain for better accuracy in
detecting strokes.”
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