Nearly 60% of all workers suffer from work-related Musculoskeletal Disorders (MSD) every year, leading to over USD 500 billion in loss every year globally, with huge consequences for societies, insurers, companies and employees. The loss of productivity is estimated to be 2% of the GDP. Alone in Japan, the annual cost of lower back pain was estimated to be more than USD 700 million in 2011.
PRECURE has developed a smart wearables solution that monitors and transmits the user’s muscle activities to a smartphone app. The user gets feedback on the muscle load enabling the users to adjust work behavior when the strain level is high and thus reduce the risk of musculoskeletal disorders. This has a positive impact on people's quality of life, adds cost and time efficiencies to companies, and it enables more effective and efficient treatment.
The solution is based on IoT and AI-technology and helps individuals, companies, insurers, and society. As data is stored in the cloud, the company gets insights to reduce the risk and frequency of injury-causing behaviors. This will protect their employees, save costs, and improve productivity. Healthcare insurers will also benefit, as claims will decrease.
KEY CUSTOMERS & INTERNATIONAL PRESENCE
Precure’s solution is globally available and used by several international customers, including insurance companies and car manufacturers. The solution is primarily offered to enterprise customers as an all-inclusive subscription.
Unique selling point
Reduce sick leave and costs, improve workforce retention, and create a healthier workplace by preventing work-related musculoskeletal disorders.
Precure considers East Asia a key market for their products and is keen to offer East Asian companies its services and establish partnerships with key occupational health stakeholders.
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