Qinematic Company Profile

Background

Overview

Qinematic is a Swedish health technology company founded in 2012 by Glenn Bilby, a human movement scientist and physiotherapist with over 30 years of experience. The company specializes in developing software solutions for the 3D analysis of human movement, focusing on posture, balance, and movement patterns. Their primary product, the Moovment software suite, enables health and fitness professionals to record, measure, and analyze human movement using affordable, off-the-shelf hardware.

Mission and Vision

Qinematic's mission is to help individuals move well so they can move more, thereby enhancing their quality of life. The company's vision is to make objective assessment of human movement accessible and affordable, enabling early detection and prevention of movement-related disorders.

Industry Significance

In an era where sedentary lifestyles are prevalent, Qinematic addresses a critical need by providing tools that facilitate the assessment and improvement of human movement. Their technology supports health and fitness professionals in delivering evidence-based interventions, contributing to the prevention of musculoskeletal issues and promoting overall well-being.

Key Strategic Focus

Core Objectives

Objective Assessment: Utilize advanced technology to provide accurate and objective measurements of human movement.

Prevention and Intervention: Enable early detection of movement-related issues to prevent injuries and improve performance.

Accessibility: Offer affordable solutions that can be implemented in various settings, including clinics, gyms, workplaces, and retail outlets.

Areas of Specialization

3D Motion Capture: Develop software that transforms standard hardware into a sophisticated movement analysis lab.

Biomechanics Analysis: Provide tools for detailed analysis of posture, balance, and movement patterns.

Health and Fitness Solutions: Create services that assist health and fitness professionals in delivering personalized exercise programs.

Key Technologies Utilized

Moovment Software Suite: A comprehensive platform for recording, measuring, and analyzing human movement.

3D Sensors: Affordable off-the-shelf hardware, such as gaming PCs and 3D sensors, to capture movement data.

Machine Learning Algorithms: Employ advanced algorithms to process and analyze movement data, providing actionable insights.

Primary Markets Targeted

Health and Fitness Professionals: Physiotherapists, personal trainers, and other specialists seeking objective assessment tools.

Insurance Companies: Utilize movement assessments to inform underwriting and claims processes.

Corporate Wellness Programs: Implement movement assessments to promote employee health and prevent injuries.

Financials and Funding

Funding History

Qinematic has participated in various funding rounds, including support from the EIT Digital Accelerator and EIT Health. In January 2023, the company received support from EIT Health, a network of best-in-class health innovators backed by the European Union.

Total Funds Raised

Specific details regarding the total funds raised by Qinematic are not publicly disclosed.

Notable Investors

EIT Health: A network of best-in-class health innovators backed by the European Union.

EIT Digital Accelerator: Supports European digital technology companies in scaling up their businesses.

Utilization of Capital

The funds have been utilized to enhance product development, expand market reach, and support strategic collaborations, including partnerships with insurance companies and health service providers.

Pipeline Development

Key Pipeline Candidates

Moovment Scan: A service that enables quick, markerless, digital 3D motion capture and measurement of human posture, balance, and movement patterns.

Stages of Development

Product Development: Ongoing refinement of the Moovment software suite to enhance accuracy and user experience.

Market Expansion: Collaborations with insurance companies and health service providers to integrate movement assessments into their offerings.

Target Conditions

Musculoskeletal Disorders: Addressing issues related to posture, balance, and movement patterns.

Preventative Health: Promoting early detection and intervention to prevent injuries and improve overall health.

Anticipated Milestones

Product Launches: Introduction of new features and services within the Moovment suite.

Strategic Partnerships: Expansion of collaborations with health and wellness organizations to broaden the impact of their solutions.

Technological Platform and Innovation

Proprietary Technologies

Moovment Software Suite: An integrated platform for recording, measuring, and analyzing human movement.

3D Motion Capture Technology: Utilizes standard hardware to perform sophisticated movement analysis.

Significant Scientific Methods

Biomechanics Analysis: Employs advanced algorithms to assess posture, balance, and movement patterns.

Machine Learning: Integrates machine learning techniques to enhance data processing and provide actionable insights.

Leadership Team

Glenn Bilby

Position: CEO and Founder

Background: An Australian health and wellness entrepreneur, sports scientist, and physiotherapist with over 30 years of experience. He has innovated health and fitness services internationally and has a background in neuromuscular adaptations to training and motor control in walking and running.

Tino Krautwald

Position: Human Movement Scientist and Rehabilitation Specialist, Product Manager, Designer

Background: A human movement scientist with experience as a specialist and exercise physiologist. He has worked at sport science labs in Germany and Sweden, focusing on performance assessment in sports and computer-driven analysis.

Competitor Profile

Market Insights and Dynamics

The market for human movement analysis is growing, driven by increasing awareness of the importance of physical activity and the need for objective assessment tools. The global 3D motion capture system market is projected to reach $540.01 million by 2031, growing at a compound annual growth rate (CAGR) of 8.76% from 2024 to 2031.

Competitor Analysis

FLEXR: Specializes in AI-vision movement evaluations within the health and wellness sector, offering services that measure movement using smart devices.

Exer: Focuses on motion health data, providing mobile applications that allow patients to perform motion assessments at home, generating precise, objective data.

Motusi: Offers engineered athletic wear and movement analysis for the health and fitness industry, providing advanced insights into movement quality and performance.

Strategic Collaborations and Partnerships

Hannover Re: A global reinsurer that partnered with Qinematic to integrate movement assessments into insurance processes, aiming to prevent injuries and promote positive health.

Merck: Collaborated with Qinematic to adopt their software for scanning individuals with multiple sclerosis, showcasing the application of their technology in managing specific health conditions.

Operational Insights

Qinematic differentiates itself through its focus on affordability and accessibility, utilizing off-the-shelf hardware to provide sophisticated movement analysis. This approach allows for widespread implementation across various sectors, including healthcare, fitness, and insurance, setting them apart from competitors that may rely on more expensive or specialized equipment.

Strategic Opportunities and Future Directions

Market Expansion: Exploring new partnerships with healthcare providers and insurance companies to broaden the reach of their services.

Product Development: Enhancing the Moovment software suite with additional features and capabilities to meet the evolving needs of health and fitness professionals.