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Overview & Market size
Covid19 impact
Market map
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Funding history
Competitive analysis
Incumbents
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Infectious Disease Tech
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.
Market Sizing
Covid-19-driven addressable market for thermal scanners and social distancing tools estimated at USD 1.8 billion
COVID-19 IMPACT
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FLIR Systems : Orders for thermal camera models increased in Q1 2020, recording an order backlog amounting to USD 330 million (38% of total backlog).
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X.Labs : The company sold over 5,000 units of its disease surveillance product by March 2020.
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Athena Security : The company received more than 1,000 orders for its body temperature scanner within two weeks of its launch in March 2020.
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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.
Hardware
?Software
?Wearables
?Robotic Solutions
?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
Oura
iLobby
Juganu
AdaSky
Seek Thermal
Kinsa
Ezra AI
Kinetic
Invixium
Scylla
X.Labs
Kogniz
LinkSprite
Solos Health Analytics
Perfect Prime
Thermoteknix
Watchlist
XY Sense
MachineSense
Software
?Disruptors
Oura
iLobby
Landing AI
Seek Thermal
Kinsa
Kinetic
Invixium
Scylla
X.Labs
Kogniz
ReturnSafe
LinkSprite
Solos Health Analytics
Sentinel Healthcare
Twenty
VigiLanz Corp
Watchlist
Doc.ai
Orbita
XY Sense
Sickweather
MachineSense
Wearables
?Disruptors
ReturnSafe
Proxfinity
Robotic Solutions
?Disruptors
UBTech Robotics
Fetch Robotics
Xenex
Ava Robotics
Badger Technologies
Resgreen Group International Inc
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 SenseSoftware:
OuraiLobby
Landing AISeek ThermalKinsaKineticInvixiumScyllaX.LabsKogniz
ReturnSafe
Doc.ai
OrbitaXY Sense
SickweatherWearables:
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
Honeywell
FLIR
Athena Security
Cobalt Robotics
Conduent
Elo TouchSystems
Kinexon
RedSpeed
Esri
MTX Group
Robert Bosch Tool Corporation
Optris
Cantronic Systems
Hanwha Techwin
PerkinElmer
Fluke Corp
Teledyne DalsaHoneywell 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).
