Company Research Report: echOpen

Company Overview

Name and Mission

• Company Name: echOpen

• Mission: echOpen is committed to making clinical ultrasound accessible to all healthcare professionals worldwide to improve people's health through medical imaging.

Founding and History

• Founded: The echOpen project began in 2015, with the association formally created by Dr. Mehdi Benchoufi and Olivier de Fresnoye.

• History: Originally launched as an open innovation initiative at Paris' Hôtel-Dieu Hospital, echOpen transformed from a project involving over 500 developers into a formal business established in 2020.

Key People

• Mehdi Benchoufi, MD, PhD: CEO & Chief Medical Officer

• Olivier de Fresnoye: Co-CEO

• Benoît Vincent: Chief Technology Officer

• Guillaume Laguette: Chief Revenue Officer

• Clément Le Couedic: Chief Operating Officer

Headquarters

• Location: Paris, Île-de-France, France

Number of Employees

• Size: 11-50 employees

Revenue

• Revenue: No information is available

Company Recognition

• Known For: echOpen is recognized for their portable ultrasound devices that offer quality imaging at an affordable price, supporting diverse medical specialties through smart technology made in France.

Products

EchOpen O1 - Mobile Ultrasound Probe

• Description: This portable ultrasound scanner features a probe equipped with three different frequencies (3.5MHz, 5MHz, 7.5MHz). It can connect wirelessly to smartphones for ease of use in clinical examinations.

• Key Features:

• Flexibility: Suitable for general medicine, emergency medicine, pneumonia, etc.

• Image Quality: Allows visualization of main anatomical structures.

• Portability: Ultraportable size fits in a pocket.

• Integration: Can be quickly integrated into routine medical practices.

• Durability: Waterproof and easy to disinfect.

• Battery Life: Sufficient for a full day of consultations.

Digital Services: echOpen On and echOpen XP

• Applications: These applications are designed as digital assistants to facilitate learning, collaboration, and secure scan storage.

• Features:

• Training Access: Modules designed by ultrasound practitioners.

• Community Engagement: Interaction with a community of doctors for advice and sharing expertise.

• Secure Storage: Complies with French HDS standards for secure medical data storage.

Recent Developments

Product Launches and New Features

• New Partnerships:

• Collaboration with the AJMU (Association des Jeunes Médecins Urgentistes) to enhance training and accessibility for ultrasound in emergency medicine.

• AI Developments: Integration of AI for improving ultrasound procedures, with clinical trials conducted on maternal health and hepatic steatosis.

• Upcoming Commercialization: Release of the echOpen O1 probe, including CE marking, projected by the end of 2023.

Recognitions and Awards

• Awards:

• Winner of the 2024 Innovation Competition for Emergency Medicine.

• 2024 Patrick Fauconnier Award.

• 2023 Prize I-Nov.

• Member of the first Health20 promotion.

• MedInTechs 2024 Trophy.

Special Projects

• Echo93 Initiative: A joint project aimed to improve the care pathway between city and hospital environments, confirming the medical interest of their product through successful clinical trials.

Organizational Progress

• Expansion: Increasing team size to widen development of mobile applications and strengthen sales and marketing capabilities.

• Key Milestones: Conducted clinical trials in partnership with French hospitals and universities, supporting the product’s utility and effectiveness in various medical settings.

Industry Engagement

• Market Impression: echOpen is widely engaged with healthcare professionals and associations, participating in several medical congresses and earning significant recognition within the medtech industry for its innovative approaches and effective solutions.

Note: The company’s financial specifics, such as revenue data, are not publicly disclosed in the available data.