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March 11, 2022

Rockley Photonics and Medtronic to partner on wearable monitoring devices

Rockley and Medtronic are to jointly develop wearable devices for proactive and continuous health monitoring.

Rockley Photonics and Medtronic have agreed to enter a partnership to develop the next generation of wearable healthcare monitoring devices.

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The new collaboration is aimed at adding Rockley’s new Bioptx biomarker sensing platform to Medtronic’s solutions for use in several healthcare settings.

The Bioptx platform provides key insights for professional healthcare services.

It also provides an end-to-end sensing solution that integrates artificial intelligence (AI) and Cloud analytics to deliver a complete assessment of a variety of conditions.

Rockley has designed its biosensing technology to expand the wearable MedTech devices’ capabilities by fitting the analysis and measurement of various biomarkers into a compact form factor.

The technology aims to make a single wearable device that can monitor several crucial biomarkers such as blood pressure, lactate, glucose trends, body hydration, core body temperature and alcohol.

Rockley chairman and CEO Dr Andrew Rickman said: “This partnership combines Medtronic’s exceptional strength in providing in-patient care with Rockley’s expertise in wearable, remote monitoring.

“I believe that this collaboration will bring to life our vision of giving people better insights into their health and wellbeing.”             

The company stated that the collaboration with Medtronic builds on the societal shift from reactive to proactive healthcare by offering real-time, non-invasive, round-the-clock monitoring of the health and wellbeing of an individual.

This also allows clinicians to personalise healthcare with actionable data.

Recently, Medtronic introduced its NuVent Eustachian tube dilation balloon for the treatment of chronic, obstructive eustachian tube dysfunction.

The manually controlled balloon catheter system is developed to help surgeons provide treatment in an outpatient or office setting.

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Find the right pricing strategy for your medical device

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  • A proprietary algorithm that leverages numerous pricing sources, with an emphasis on real-world data
  • Estimates of the likely spread of selling prices per brand and manufacturer, as well as 3-year forecasts for prices
  • Medical device pricing data that can be tracked by market, company, and brand
  • Additional categories that can be built on a custom basis
Use our tool to access competitor pricing strategies across multiple geographies, and various dynamic case studies from the likes of Germany and China, to benchmark yourself against your competitors and future proof your pricing strategies.
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Enter your details here to receive your free Report.

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