Medical Science and Technology Innovations
With around 14 per cent of Korea's population aged over 65, increasing to 20.8 per cent by 2026, the demand for services in Korea's aged care industry will grow significantly. Australian and Korean medical companies are working together to develop and deliver ever more sophisticated medical services to meet this demand.
Stethee provides a new level of diagnostic capability
Stethee, an Australian innovation, is the world's first wireless, artificially intelligent (AI) stethoscope. It was launched in Korea in 2018. Stethee was designed by Australian company M3DICINE in collaboration with experts from MIT, the Mayo Clinic and Texas A&M University.
The Stethee line actually comprises three separate products: the US FDA-approved Stethee Pro for medical and healthcare professionals, Stethee Vet for veterinarians and animal professionals, and Stethee Ai, developed specifically as an education and research tool.
M3DICINE has an MOU with Korea Telecom for the distribution of Stethee Pro in Korea and a number of developing countries for remote telemedicine projects. It also has an exclusive distribution agreement with Cargill Korea for the supply and distribution of Stethee Vet to veterinarians in Korea.
Brain Anaesthesia Response Monitor (BARM) - Cortical Dynamics in Korea
Australian medical firm Cortical Dynamics signed an agreement to distribute its innovative Brain Anaesthesia Response Monitor (BARM) in hospitals throughout Korea by the end of 2018. BARM will assist anaesthetists and intensive care staff to monitor patients under anaesthesia and to minimise the incidence of side effects.
An adhesive sensor is applied to the forehead, helping to keep patients optimally anaesthetised. BARM uses the latest scientific understanding of how the brain's electrical activity – the electroencephalogram (EEG) – is produced. BARM is more advanced than other EEG monitors as it can reliably quantify a patient's anaesthetic state, rather than rely on statistical approaches.
Cortical Dynamics is the commercialisation technology arm of Swinburne University of Technology in Melbourne.