Norbert Health
- Industry
- Health Care
- Founded Year
- 2019
- Headquarters
- 36 4th Brooklyn Pl, Brooklyn, New York, 11231, United States
- Employee Count
- 41
Key People
-
Alexandre Winter - Co-Founder & CEO
Email: alex@norbert.health
- Patrick Collins - Co-Founder
- Catherine Faure - Part-time Financial Director
- David Attias - Software Engineer
Assessment
- Team
-
Aspect: First-time 10+ yrs
Summary: The leadership team comprises first-time entrepreneurs with over a decade of experience in relevant fields.
While the team brings significant industry experience, the absence of previous entrepreneurial achievements in the MedTech sector may pose challenges in navigating the complexities of bringing a new medical device to market.
- Clinical Need
-
Aspect: Very Strong
Summary: Norbert Health addresses a critical need for non-invasive, continuous health monitoring, especially in elder care.
The increasing aging population and the shift towards home-based care create a substantial demand for technologies that enable continuous health monitoring without direct contact, positioning Norbert Health's offerings as highly relevant.
- Competition
-
Aspect: Somewhat crowded
Summary: The market for health monitoring devices is moderately competitive with several established players.
While there are existing solutions in the market, Norbert Health's focus on contactless monitoring and AI integration offers a unique value proposition that could set it apart if effectively communicated and executed.
- Technical Challenge
-
Aspect: Moderate
Summary: Developing accurate, contactless health monitoring systems presents moderate technical challenges.
The integration of multiple sensors and AI algorithms to provide reliable health metrics without physical contact requires careful calibration and validation to meet medical standards.
- Patent
-
Aspect: Applied
Summary: Norbert Health has applied for patents related to their technology but has not yet secured them.
The company's efforts to secure patents demonstrate recognition of the importance of intellectual property in maintaining a competitive edge, though the outcome of these applications remains to be seen.
- Financing
-
Aspect: Medium
Summary: Norbert Health has raised approximately $14.1M in funding over two rounds.
While the current funding has supported initial development and operations, further investment will likely be necessary to expand manufacturing, distribution, and marketing efforts to achieve significant market share.
- Regulatory
-
Aspect: Running FIH
Summary: The company is in the process of obtaining necessary regulatory approvals for its devices.
Successfully navigating regulatory requirements is critical for market entry, and Norbert Health's active engagement in this process suggests a commitment to compliance and product safety.
Opportunity Rollup
- Odds of Success
- 3.65
- Peak Market Share
- 5.1
- Segment CAGR
- 3.6%
- Market Segment
- Patient Monitoring
- Market Sub Segment
- Contactless Health Monitoring Devices
| Year Post Launch | Market Penetration (%) |
|---|---|
| 1 | 0.26 |
| 2 | 0.76 |
| 3 | 1.78 |
| 4 | 3.57 |
| 5 | 5.10 |
Key Takeaway
Norbert Health's innovative contactless health monitoring technology addresses a significant clinical need, but success will depend on navigating technical, regulatory, and competitive challenges effectively.