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Infectious Disease Tech

Hardware, software, and wearable devices to help prevent and manage the next pandemic.

Overview

‘Infectious disease technology’ refers to 1) camera-based detection tools that use thermal imaging and facial recognition, 2) surveillance gadgets (smart wearables), and 3) software platforms that convert data to identify individuals (i.e. to trace contacts and share system-generated insights in real-time). The software tools often include the latest artificial intelligence (AI) and machine learning capabilities that allow end-to-end, seamless, actionable insights. These detection tools are now being promoted to the masses in response to the Covid-19 pandemic, including for implementation in office spaces.

Players often provide the hardware and software in combination, although several operate as pure-play software providers.

*This report does not cover clinical/medicinal diagnostic methods such as PCR testing, as they are unlikely to be used outside of the healthcare industry.

What's driving this industry?
Market Sizing

Covid-19-driven addressable market for thermal scanners and social distancing tools estimated at USD 1.8 billion

Thermal Scanners
Social Distancing
66.1%33.9%
View details

COVID-19 IMPACT

  • FLIR Systems : Orders for thermal camera models increased in Q1 2020, recording an order backlog amounting to USD 330 million (38% of total backlog).

  • X.Labs :  The company sold over 5,000 units of its disease surveillance product by March 2020.

  • Athena Security :  The company received more than 1,000 orders for its body temperature scanner within two weeks of its launch in March 2020.

  • Kogniz : The business sold roughly 100 units as of April 2020, just one month into the product launch.

Market Mapping

Many incumbents and disruptors in the industry offer integrated hardware and software solutions. However, there are still a considerable number of pure-play operators generally breaking down as hardware-only incumbents and software-only disruptors, most of which have capitalized on the emergence of contact tracing and self quarantine activities.

Incumbents
Growth
Early
Seed
Pre-Seed
Hardware
?
Software
?
Wearables
?
Robotic Solutions
?
International
International
International
International
Honeywell
FLIR
Athena Security
Cobalt Robotics
Conduent
Elo TouchSystems
RedSpeed
Esri
MTX Group
Robert Bosch Tool Corporation
Optris
Cantronic Systems
Hanwha Techwin
PerkinElmer
Fluke Corp
Teledyne Dalsa
Oura
iLobby
Juganu
AdaSky
Seek Thermal
Kinsa
Invixium
Perfect Prime
Ezra AI
Kinetic
X.Labs
Kogniz
LinkSprite
Solos Health Analytics
MachineSense
Thermoteknix
XY Sense
Scylla
Honeywell
FLIR
Athena Security
Cobalt Robotics
Conduent
Elo TouchSystems
Esri
MTX Group
Optris
Cantronic Systems
Hanwha Techwin
Oura
iLobby
Seek Thermal
Kinsa
Invixium
Landing AI
Kinetic
Orbita
X.Labs
Kogniz
Sickweather
LinkSprite
Sentinel Healthcare
Solos Health Analytics
MachineSense
Twenty
Doc.ai
XY Sense
Scylla
ReturnSafe
VigiLanz Corp
Kinexon
Proxfinity
ReturnSafe
UBTech Robotics
Fetch Robotics
Xenex
Ava Robotics
Badger Technologies
Resgreen Group International Inc
Bio UV Group

The Disruptors

Industry Startups Looking to Meet Demand Created by the Covid-19 Pandemic

Disruptors in the industry include startups involved in the manufacture and installation of equipment relating to infectious diseases. On the software side, disruptors include companies that specialize in AI and machine learning platforms integrated with surveillance equipment to run contact tracing. These forms of surveillance tech startups have quickly launched new products and websites for the opportunity to sell surveillance tools and platforms to businesses.

Hardware

?

Disruptors

?
Funding in USD Millions
Oura
148
iLobby
100
Juganu
59
AdaSky
55
Seek Thermal
50
Kinsa
29
Ezra AI
22
Kinetic
18
Invixium
13
Scylla
5
X.Labs
4
Kogniz
4
LinkSprite
Unknown
Solos Health Analytics
Unknown
Perfect Prime
Unknown
Thermoteknix
Unknown
Watchlist
?
XY Sense
MachineSense

Software

?

Disruptors

?
Funding in USD Millions
Oura
148
iLobby
100
Landing AI
57
Seek Thermal
50
Kinsa
29
Kinetic
18
Invixium
13
Scylla
5
X.Labs
4
Kogniz
4
ReturnSafe
3
LinkSprite
Unknown
Solos Health Analytics
Unknown
Sentinel Healthcare
Unknown
Twenty
Unknown
VigiLanz Corp
Unknown
Watchlist
?
Doc.ai
Orbita
XY Sense
Sickweather
MachineSense

Wearables

?

Disruptors

?
Funding in USD Millions
ReturnSafe
3
Proxfinity
Unknown

Robotic Solutions

?

Disruptors

?
Funding in USD Millions
UBTech Robotics
943
Fetch Robotics
94
Xenex
91
Ava Robotics
3
Badger Technologies
Unknown
Resgreen Group International Inc
Unknown
Watchlist
?
Bio UV Group

Oura

Oura is a Finnish health technology company founded in 2013 and is reported to be the world's first wellness ring and app that shows how a user’s body responds to lifestyle changes by analyzing sleep, activity levels, daily rhythms, and physiological responses. The product is priced at around USD 300 per unit. Moreover, according to recent studies done in June 2020, the ring is also able to measure and log data ranging from body temperature to heart rate and respiratory function.

In March 2020, the company started to work with the University of California San Francisco (UCSF) on a new study to see if its device can help detect early physiological signs that might indicate the onset of Covid-19. From the study, as of June 2020, researchers suggested that the ring has the ability to identify Covid-19 symptoms up to three days in advance, which has an accuracy reading of around 90%. Additionally, it was reported that the NBA had purchased up to 1,000 rings as its players geared up to restart the season.

Segment:
Hardware
Total funding:
USD 148.3 million
Competitors:
X.Labs, Kogniz, Seek Thermal, Invixium, LinkSprite, MachineSense, Scylla, Juganu, AdaSky, XY Sense
Disruptor Funding History

Hardware:

Oura
iLobby
Juganu
AdaSky
Seek Thermal
Kinsa
Ezra AI
Kinetic
Invixium
Scylla
X.Labs
Kogniz
XY Sense

Software:

Oura
iLobby
Landing AI
Seek Thermal
Kinsa
Kinetic
Invixium
Scylla
X.Labs
Kogniz
ReturnSafe
Doc.ai
Orbita
XY Sense
Sickweather

Wearables:

The Incumbents

Traditional surveillance industry players repackage products to capture Covid-19 surveillance market

Incumbents include traditional players in the surveillance industry that operate in multiple sub-segments (ranging from security surveillance tools to scanners for hospitals). These companies are marketing their existing portfolios mainly for use in virus detection. For instance, those that had been selling thermal cameras for security are now promoting the same for virus detection (i.e. FLiR’s thermal image scanner cameras). Other players are redirecting existing health-related technologies and systems to help track viruses and maintain social distancing rules (e.g. Proxfinity).

Acquisition

In-house development

Partnership

Investments

company-logo-0Honeywell
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company-logo-1FLIR
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company-logo-2Athena Security
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company-logo-3Cobalt Robotics
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company-logo-4Conduent
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company-logo-5Elo TouchSystems
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company-logo-6Kinexon
check
company-logo-7RedSpeed
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company-logo-8Esri
check
company-logo-9MTX Group
check
check
company-logo-10Robert Bosch Tool Corporation
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company-logo-11Optris
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company-logo-12Cantronic Systems
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company-logo-13Hanwha Techwin
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company-logo-14PerkinElmer
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company-logo-15Fluke Corp
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company-logo-16Teledyne Dalsa
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Honeywell

Honeywell International Inc. is a technology and manufacturing multinational company. Products under its Home Building and Technologies segment include software solutions and technologies, access control and video surveillance, which contribute roughly 24% of company revenue. Honeywell introduced a new temperature monitoring solution in May 2020 — Honeywell ThermoRebellion — which uses AI algorithms. According to the company, the system can be 1) installed at entrances of any building or facility; 2) can recognise persons who are not wearing protective equipment; and 3) is able to integrate with the company’s data analytics platform (Forge) and its building maintenance platform (healthy buildings solutions).

Notable Investors

No investor data is available

Funding data are powered by Crunchbase
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