Headquartered at Mountain View, BBB is a year old startup in the mobile healthcare sector. The company’s first ever product ‘BBB Elemark’ is the Android-powered real time blood testing device. Though there are some devices with advanced technologies, Elemark is the first ever healthcare device powered by Android. Apart from the Elemark, BBB also provides telemedicine services that can drastically save time and money. Otherwise, you need to visit a hospital for blood check-up and need to wait a day or two to get the results.
Elemark gives the complete results in just 2-60 seconds that too with a single drop of blood. By testing the blood, it can diagnose almost 50 diseases including Hyperlipidemia, Gout, Anemia, Diabetes, Myocardial Infarction (Heart Attack). After testing the blood, the results will be saved on your device storage and with the provided connectivity options like Wi-Fi and 3G HSPA, the data can also be synced with cloud storage. Talking about the pricing, the BBB Elemark costs you around $500 (approx Rs. 33,000).
The first prototype was finished by April this year while the final production is started a couple of month back. It is already used by Korean hospitals and the testings are done in the U.S and European countries. Apart from the Elemark, you also need a strip that helps Elemark to test the blood, unlimited strips will be provided with the package. Along with the device, the start-up will also offer a different kind of subscription models to provide medical services and BBB cloud for saving the data on the cloud. As of now, the device is sold only for business purposes and by the end of next year, it will be made available to the consumers.
The BBB claims the Elemark to give 95% accuracy in results. In September this year, Harvard Medical School, Ghana National University Medical School, and Noguchi Medical Research Institute had collaborated with BBB to provide to Elemark in Ghana to diagnose Malaria. In 2016, it will be used to diagnose more than 20 diseases with an update to the device. As of now, BBB is expecting $5 million in revenues this year and $20 million by the end of 2016 and a whopping $100 million by the end of 2018.
With almost 40 billion blood tests happening around the globally per year, we can see huge growth for this start-up that can also provide medical services based on the test results. While the device is now priced at $500, even can expect it to be slightly lower in the coming device when it will be made available directly to the consumers.
(For any other information, check out the official website bbbtech.com)