About Digitrak

Whats the problem?

• Handheld tools currently: currently, physicians use handheld tools, such as a gonimeter, which measures joint arc angles for orthopedics patients
• Lack of specialty digital tools: during telemedicine visits, specialty digital tools are lacking or not widely used
• Onerous alternatives: virtual appointments are limited by a lack of physical tools and ability to easily provide the same in-person standard of care. A 2020 study looked at the possibility of onerously using a handheld goniometer on still images from teleconference mediums to allow physicians to get measurements.

Important Hand Statistics

• 66 million people in U.S. experiencing hand injuries:  including arthritis and carpal tunnel syndrome
• 42% of nonfatal occupational injuries leading to lost work days involved hands: hand injuries are the second-most common type of workplace injury and second only to back strains and sprains in lost work days. 1 million workers in the U.S. go  to the emergency room with severe hand injuries, resulting in 18 or more days away from work
• Hand injuries are expensive, costing $540 to $26,000:  the average workers’ compensation claim for a hand injury now exceeds $6,000. The average exceeds $7500 when lost time is involved.

What is the market size of this product?

• Largest sector of the medical device industry
• $100B+ market capitalization and global revenues of $70B+, growing at 6% rate
• $740 million in revenue from hand and wrist injuries treatment

What is the market size for healthcare AI?

• $2.5 billion in 2018: market value of healthcare AI, with a projected compound annual growth rate of 41.5% from 2019 to 2025
• $6.6 billion by 2021: what investments in healthcare AI are expected to reach
• $150 billion by 2026: the amount of annual savings resulting from AI applications