Epilepsy is a chronic disorder of the brain that affects people of all ages. Approximately 50 million people worldwide have epilepsy, making it one of the most common neurological diseases globally. An EEG report for an epilepsy sufferer is written in free text format. Standardizing free text in medical reporting is challenging due to variations emerging from individual language and style. Two experts might describe and report the same finding with different wording and terminology. Therefore, free text reporting makes information inaccessible for statistical analysis, research and education, hinders artificial intelligence- and machine learning initiatives. The interpretation of EEG’s is a complex and resource demanding procedure, requiring years of medical training and specialized skills. This has led to a global lack of qualified interpretation competence. Standardized EEG reporting based on our proposed product opens for collaboration across European boarders and establishment of centralized research- and educational databases that will benefit the millions of patients diagnosed with epilepsy and other brain disorders every year by bringing research and new treatment methods forward. This will further expand our addressable market. The software even bakes down language barriers as EEGs can be compared irrespective of the language used to describe the EEGs. We aim to dramatically reduce cost for the end user by increasing productivity and efficiency in the clinical neurophysiology department, as well as improved clinical outcome and value of care. Commercially, Holberg EEG has a unique first mover advantage to become the world leader in EEG reporting, by developing and utilizing state of the art cloud-based technology and cost-effective distribution with EEG hardware manufacturers. We expect to generate over €5Mn yearly revenues already in 2021. Cumulative revenues over first 5 years post the market launch are expected to be in the range of €40-60Mn.
Project leader: Karsten Teige
Institution: HOLBERG EEG AS