GE Healthcare https://www.gehealthcare.com has agreed to invest up to $50 million in the Israeli start-up Pulsenmore https://www.pulsenmore.com in order to take a step forward to enable precision health.
This investment will accelerate the adoption of Pulsenmore’s homecare ultrasound solutions and will support their ability to obtain FDA clearance. GE Healthcare will also work with Pulsenmore to distribute their products in Europe and other markets as the product becomes available for commercial distribution.
It is also expected that GE and Pulsenmore will collaborate closely in developing ultrasound-based healthcare offerings that will help the growing homecare markets, which are expected to reach $662.67 billion by 2027 and expected to grow at a compound annual growth of 14.2%.
The telehealth market is projected to expand at a compound annual growth rate of over 30% from 2022-2029 by creating a need for robust technologies that can improve remote monitoring and clinical decision-making.
Pulsenmore is well positioned for this market with their novel self-operated prenatal home ultrasound solution. The product offers a handheld ultrasound device that docks with the user’s smartphone, a mobile app for the patient to conduct offline/online consultation with a clinician, a web application for clinician interaction with the platform and a software API enabling integration of Pulsenmore’s online services with organization health records.
The periodic fetal ultrasound scanning and consultation enabled by the Pulsenmore device can be offered as an online clinician-guided telecommunication service or as an offline application-guided service.
The Pulsenmore prenatal ultrasound platform has already been implemented successfully across Israel in partnership with Israel’s largest HMO, Clalit Health Services. Physicians at Israel’s Sheba Medical Center have been using the device to conduct prenatal ultrasounds on refugees at the Ukraine border as part of a new “virtual hospital” that has Israeli medical staff caring for people injured or displaced in the conflict.