Polish technology companies are bringing new quality to medicine.
A growing number of companies specialising in new technologies, which are becoming more applicable in healthcare, are being established in Poland. They offer solutions based on remote diagnostics, biomaterials, robotics, virtual reality or artificial intelligence. According to the Digital Health report, as many as 84% of these businesses plan to expand into new markets. The process of establishing business contacts is facilitated by a comprehensive economic programme that has been prepared for Expo 2020 Dubai by the Polish Investment and Trade Agency (PAIH).
EGZOtech, Medical Inventi and Aether Biomedical, among others, have all marked their presence at the World Exhibition in Dubai, in the visitor’s zone of the Poland Pavilion “Spirit of ingenuity”.
The Zeus bionic forearm prosthesis, a unique system for remote lung testing and self-monitoring of the respiratory system, as well as technologies helping in the daily care of the elderly based on voice command – these are just examples of Polish technologies used in medicine.
At Expo 2020 Dubai, the potential of innovative economic sectors is strengthened by business seminars organised by PAIH. One of them, entitled “The Future of Health – How is Technology Revolutionising Healthcare?”, took place on 3 February 2022 at the Poland Pavilion.
The Polish industry of medical technology includes 300 companies employing 12,000 scientists. The Digital Health report indicates that the majority of Polish healthcare-related startups involve cardiology (31%) and psychology (23%) specialisations.
New technologies in healthcare at Expo 2020 Dubai
The topics of access to technology and advancement of medical knowledge are the central themes of many events at Expo 2020 Dubai. These include Arab Health, the largest trade fair in the Middle East that takes place in Dubai. At the Polish stand, companies dealing with technology and medical devices actively promoted their products and services in electromedicine, medical technology, IT in the medical and health industries, diagnostic and laboratory equipment, physiotherapy and orthopaedic technology, as well as disposable products.
The organisers of the World Expo have also dedicated the theme week “Health & Wellness” to these issues (27 January – 2 February 2022). Another important event for Polish companies looking for trade partners in new markets was a business seminar organised by PAIH, entitled “The Future of Health. How is Technology Revolutionising Healthcare?” (3 February 2022). Access to technology and the development of knowledge have turned the medical market into one of the fastest-growing industries, which has positively affected the advancement of medical technology innovation and the increase in the number of startups. This event created room for discussion on the use of modern solutions in human treatment with the use of artificial intelligence and robotics. The seminar was an opportunity to show the latest trends and simultaneously an attempt to define challenges standing in the way of Polish startups.
Polish startups at the service of the medical industry
Polish medical equipment and devices are well-known for their high-quality, low failure rate, low operating costs, low service and spare parts prices, high durability, compatibility with equipment manufactured by other companies and excellent value for money ratio. The domestic value of the Polish medical devices and equipment sector amounts to EUR 2.9 billion and represents 15% of the share of all Polish manufacturers.
The “Top Disruptors in Healthcare” report identified the state of startups producing new medical technologies and the level of their development. The survey conducted in over 100 Polish companies showed that as many as 61% of respondents representing specific organisations are at the stage of commercialisation or business expansion. In comparison to last year, more startups are offering telemedicine solutions (55%), as well as solutions based on artificial intelligence and machine learning (45%). The survey also revealed that many startups are developing innovations in the area of medical data and devices and independent applications. As many as 60% of them reported recurring sales revenue. This demonstrates the strong export and investment potential of these organisations. Technology companies are greatly interested in the prospect of growth in foreign markets. Expo 2020 Dubai constitutes a perfect opportunity to achieve more than just the set targets.