Fischer Medical Ventures Ltd, BluSim Tech Pte Ltd partner to revolutionise nursing home care globally, ET HealthWorld

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Chennai: Fischer Medical Ventures Ltd with its wholly owned subsidiary Time Medical International Ventures (India) Private Limited and BluSim Tech Pte Ltd announced a partnership aimed at revolutionising nursing home care globally.

This strategic collaboration with BluSim Tech Pte Ltd marks a significant milestone in Fischer MVL’s journey towards expanding its healthcare portfolio and enhancing its offerings in medical imaging and diagnostics solutions, aiming to redefine healthcare through advanced technologies and unparalleled expertise.
BluSim Mat powered by advanced algorithms and AI, enables continuous and contactless vital monitoring, including heart rate, respiration rate, sleep pattern, bed position, and presence monitoring, all without wearable devices.

By converting micro vibrations into meaningful biomarkers, BluSim Tech’s solution provides real-time monitoring of patient vitals and detect early warning for potential health issues. Unlike traditional monitors that require multiple sensors attached to the body, BluSim Mat is a completely contactless solution, eliminating discomfort and inconvenience. The solutions also integrate external sensors for additional parameters like blood oxygen saturation (SpO2) and body temperature.

According to the WHO, the senior population in emerging nations is expected to reach about one billion by 2050, resulting in a high demand for elder care services. The global long term elder care market size was accounted at $1.03 trillion in 2022 and is projected to reach over $1.92 trillion by 2032. Global market is facing significant challenges posed by an ageing population, creating a big demand for continuous, non-intrusive health monitoring to manage chronic conditions and age-related health issues.

Ravindran Govindan, Chairman & Managing Director, Fischer Medical Ventures Ltd, stated, “We are thrilled to hold the exclusive & global rights to market and distribute BluSim Tech products in this huge and growing elder care sector. This strategic partnership marks a new era in healthcare technology, driving innovation and advancing the future of elderly care, where we endeavour to deliver unparalleled value to nursing homes across India and beyond. Our company will continue our vision to invest in cutting edge technologies with unmet needs, and hold extensive, if not full global distribution rights and BluSim is one such company.”Dr Gokul M Chinnappan, CEO, BluSim Tech Pte Ltd, said, “Our vision is to revolutionise healthcare by developing cutting-edge technologies that prioritise patient well-being and enhance the quality of care. Through our partnership with Fischer MVL, we have more resources to expand our offerings and making our solutions accessible to more healthcare facilities.”

  • Published On Jun 11, 2024 at 05:21 PM IST

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