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Korean startup Wellysis takes ECG monitor to US and Indian markets

Strategically established a subsidiary in Houston, Texas, through the Johnson & Johnson Innovation Laboratories (JLABS)

By Vrushti Kothari Published on: 29th January, 2024
Korean startup Wellysis takes ECG monitor to US and Indian markets

Digital healthcare innovator Wellysis is making waves in the global market with its revolutionary electrocardiogram (ECG) monitoring solution, 'S-Patch,' securing strategic partnerships and distribution deals to propel its entry into the lucrative US and Indian markets.

South Korea-based startup Wellysis inked a significant supply agreement with a leading US provider of ECG services in November 2023, paving the way for S-Patch distribution across three important states: TexasArizona, and Louisiana, with the rollout starting in Texas.

The initial deployment of 1,000 devices in late January marks the beginning of a two-year supply commitment, solidifying Wellysis's presence in the world's largest ECG market, which holds a share of over 60% of the total market.

To fuel its US ambitions, Wellysis strategically established a subsidiary in Houston, Texas, through the Johnson & Johnson Innovation Laboratories (JLABS) and continues to forge partnerships for further expansion beyond the central region.

Additionally, Wellysis has partnered with Dozee, a prominent bed monitoring solutions provider based in India, in October 2023. Following a successful product launch event in New Delhi, Wellysis is poised to integrate and supply S-Patch devices to 50,000 of Dozee's hospital beds starting in January.

 

Published on: 29th January, 2024