GoCheck Kids

Industry
Pediatric Vision Screening
Founded Year
2013
Headquarters
Nashville, Tennessee, USA
Employee Count
50

Key People

Assessment

Team
Aspect: Multiple successful MedTech entrepreneurs
Summary: The leadership team comprises experienced professionals with successful backgrounds in MedTech and healthcare innovation.

The presence of multiple successful MedTech entrepreneurs in the leadership team suggests a strong capability to drive innovation and growth in the pediatric vision screening market.

Clinical Need
Aspect: Very Strong
Summary: There is a significant unmet need for early detection of pediatric vision disorders to prevent long-term impairments.

Early detection of vision disorders in children is crucial, as untreated conditions can lead to developmental delays and learning difficulties. GoCheck Kids' solution addresses this need effectively.

Competition
Aspect: Somewhat crowded
Summary: The market has several established players, but opportunities exist for differentiation through technology and integration.

While companies like Hillrom and EssilorLuxottica hold significant market shares, GoCheck Kids can carve out a niche by offering innovative, smartphone-based solutions that integrate with existing healthcare systems.

Technical Challenge
Aspect: Predictable
Summary: The technology involves known components, and development risks are manageable.

Utilizing smartphone cameras and cloud-based platforms for vision screening is a predictable technical endeavor, minimizing development uncertainties.

Patent
Aspect: Strong
Summary: The company holds patents that provide a competitive edge in the market.

Holding patents related to their vision screening technology can protect GoCheck Kids' innovations and enhance their market position.

Financing
Aspect: Well-funded
Summary: The company has secured substantial funding from reputable investors.

Investments from firms like Maveron and InterWest Partners provide the financial resources necessary for scaling operations and enhancing product offerings.

Regulatory
Aspect: 510k/PMA
Summary: The product is FDA-registered and CE-certified, indicating compliance with regulatory standards.

Achieving FDA registration and CE certification demonstrates that GoCheck Kids' products meet essential safety and efficacy standards required for medical devices.

Opportunity Rollup

Odds of Success
3.5
Peak Market Share
4.4
Segment CAGR
7.5%
Market Segment
Pediatric Vision Screening Devices
Market Sub Segment
Portable Pediatric Vision Screeners
Year Post Launch Market Penetration (%)
1 0.22
2 0.66
3 1.54
4 3.08
5 4.40

Key Takeaway

GoCheck Kids is well-positioned to capitalize on the growing demand for early pediatric vision screening through its innovative, smartphone-based solutions and strong leadership team.