The global mobile health and fitness sensor market expected to grow to $7.7 billion

USA – The global mobile health and fitness sensor market is expected to reach an estimated $7.7 billion by 2026, according to Reportlinker, a tech company that uses artificial intelligence to deliver market data and forecasts and thus help research, business development or marketing strategy. Mobile health (mHealth) is the monitoring and sharing of health information via mobile technology such as wearables and health tracking apps. The use of mobile devices and wireless technology to monitor symptoms and deliver care allows physicians to make diagnoses quicker and with fewer errors.…

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Decline in health tech momentum even as investors plunge deeper into funding rounds

INDONESIA – Preliminary data on investments in health tech startups in Southeast Asia suggests a slowing momentum this year even as major players continue to pull more funds. One of the largest telemedicine providers in the region, Alodokter, has announced its latest funding round backed by MDI Ventures, the investment arm of Indonesia’s Telkom Group, and Samsung Venture Investment Corporation. Last month, its fiercest rival in Indonesia, Halodoc, announced an $80 million round led by local conglomerate Astra International and joined by Singapore’s Temasek Holdings. Halodoc has raised at least…

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GE Healthcare supports Marcelle Ruth Cancer Centre with new equipments

NIGERIA – GE Healthcare has completed the delivery and installation of advanced radiology and radio pharmacy equipment to support the Marcelle Ruth Cancer Centre & Specialist Hospital, Nigeria’s first fully equipped private oncology centre, which will accelerate diagnostic care for cancer. Founded by renowned physician Dr. Modupe Elebute-Odunsi and her financier husband, Bolaji Odunsi, MRCC combines the highest standard of care with the latest treatments and technology in comfortable surroundings designed to promote healing.  The clinically trained members of the founding team all qualified from medical colleges in Nigeria and completed postgraduate…

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Healthtech startup Redbird secures US$1.5m investment for expansion to new market

GHANA – Redbird, an Accra-based healthtech startup, has secured US$1.5 million in a Seed Round of investment with participation from Johnson & Johnson Foundation and Newtown Partners via the Imperial Venture Fund. According to the startup, the funding will be used to expand Redbird’s business model, operations and to enter new markets. “We’re thrilled to work with Johnson & Johnson Impact Ventures and Newtown Partners. Newtown and Imperial’s expertise in African supply chains, coupled with Johnson & Johnson’s long-standing commitment to improving care for the most vulnerable populations through technology, create…

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