Foxconn Partners With tBPC and ITRI to Advance Telemedicine

Foxconn Technology Group has announced its expansion into the Southeast Asian medical device market.

Hon Hai Precision Industry Co., also known as Foxconn Technology Group in the market, has announced that it is expanding into the Southeast Asian medical device market with its latest partnership in Taiwan, CNA News reports.

Read more Johnson & Johnson Partners With Microsoft For Digital Surgery Solutions

The multinational electronics producer has signed a cooperation cope with shopper electronics provider Taiwan Biophotonic Corp. (tBPC) and government-backed Industrial Expertise Analysis Institute (ITRI) to develop a long-distance care monitoring platform, reports MobiHealth News.

The companies may collaborate to mix tBPC’s optical sensors with Foxconn’s medical hardware in addition to combine the previous’s medical algorithms into the general software program improvement.

The remote care monitoring platform will be supported and guided by ITRI’s research in electro-optics, information communication, and microsystems.

The consortium plans to test their upcoming technology in a year-long clinical trial at New Taipei’s Tucheng Hospital. The new system will need to be certified by the health authorities in the markets it enters.

A Foxconn factory in the Czech Republic (Photo credit: Nadkachna, Wikimedia Commons)

Negotiations for broader cooperation are also underway with Chang Gung Memorial Hospital and several elderly care centers in an effort to accelerate the rate at which new devices hit the local market and enter international markets.

A McKinsey & Co. report last year said that the digital health market in Asia could reach $100 billion in value by 2025 from $37 billion in 2020, driven by a thriving consumer-centric digital health ecosystem and rising demand.

Read more Smart Contact Lens Startup Mojo Raises $45 Million, Partners with Adidas and Others

In other news, Foxconn disclosed in November last year that it is investing over $700 million in its “3+3” initiative, which refers to three emerging industries: electric vehicles, robots, and digital health. The company started out in contract hardware manufacturing before expanding to hardware and software integration.

Sam Draper
February 21, 2022

Innovation of the Month

Do you want to discover more, visit the website
Visit Website

Other news

The AI Multidisciplinary XR Therapeutic Platform

XRHealth launched an AI-powered extended reality (XR) platform that integrates AI technology.

RayNeo Air 2 XR Glasses for Global Markets

RayNeo has launched its latest RayNeo Air 2 XR glasses for the global markets.

Wearable Skin Patches Market to Grow to Over $20 Billion Per Year by 2029, IDTechEx Research Reveals

Smart skin patches are widely used in wearable devices.

Montblanc Introduces Summit Lite With A New Focus On Health and Fitness

Following on from the success of their Summit 2 smartwatch, the German luxury goods maker Mont...
Discover more