Products and services
All the volume of products and services is planned to be sold in the domestic market. Planned capacity, which is planned for 2026, envisages the installation of 8,000 “medical SOS alarm” systems across Kazakhstan.
Project
The project envisages the installation and servicing of a “medical SOS alarm” system (the “System”) in medical facilities to provide emergency medical care to patients. The system provides remote communication between patients and medical personnel using a special bracelet and devices installed in the medical facility with an “SOS” button. The system helps patients call medical personnel in an emergency by pressing the button.
Project Initiator
Human Safety Institute LLP holds utility model patent No. 7759 from 20 January 2023 in the State Register and copyright No. 1686 from 25 August 2015 and No. 0001 from 3 January 2018 to produce, install and service “medical SOS alarm” patient safety risk management systems.
Market Overview
- According to Marketline, the medical service supplier market is expected to grow mainly due to backlog demand for deferred treatment and healthcare budget increases in Kazakhstan. The market is predicted to grow from 6.1 billion USD in 2022 to 7.5 billion USD in 2027, with CAGR at 4.2%.
- In 2021, there were 3,942 medical facilities registered in Kazakhstan, of which 80% were out-patient clinics and 20% - hospitals.
- In 2021, the number of illnesses/diseases registered in the country totalled 101 thousand cases per 100 thousand persons The five most common illnesses/diseases, which account for 63% of all cases in Kazakhstan, are respiratory, circulatory, urinary tract, digestive system and endocrine system disease.
- Initiator experience. The Initiator has 10 years of experience in developing and applying information and communication technology in the healthcare sector. The Company has already installed the “medical SOS alarm” system in over 160 medical facilities. In 2022, the Company installed the System in 29 medical facilities and offered maintenance services in 123 organisations.
- Advantageous production location. The Akmola agglomeration is home to 52 hospitals (state-owned and private), all of which are treated as potential System customers. It also has well-developed transport infrastructure, which creates ideal conditions for serving medical facilities in various regions of the country, meeting safety needs and improving the quality of medical care.
- State support. The Project is recognised as a priority for state support, which takes the form of concessions, preferences and land grants. The Company is a member of the “Astana Hub” digital techno park, where tax concessions and support measures are provided for start-up projects.
The Project requires investment of 9,000 thousand USD (at the rate of 449.2 tenge), of which:
- 70% (6,300 thousand USD) - debt financing subject to collateral;
- 30% (2,700 thousand USD) – investor participation.
