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Fischer Medical Ventures Ltd & Voice-AI Company Wonder Tech Group Firm Up Investment and Exclusive ASEAN, India & Middle East Marketing Rights Fischer Medical Ventures Ltd, formerly known as Fischer Chemic Limited, has formalized its investment into the Singapore-based Wonder Tech Group. This strategic partnership aims to revolutionize mental healthcare through advanced AI-driven solutions.
The investment will enhance mental health diagnostics by leveraging Wonder Tech Group’s innovative technology. Fischer Medical Ventures believes this collaboration will help advance the field of mental healthcare by providing more accurate and efficient diagnostic tools.
Fischer Medical Ventures Ltd (Fischer MVL), a leader in producing cost-efficient, high-quality MRI systems through its subsidiary Time Medical International Ventures India, has diversified its portfolio by investing in Wonder Tech Group. This investment is part of Fischer MVL’s strategic focus on mental health diagnostics, following its recent collaboration with “The Therapy Platform” to enhance mental health therapy solutions.
This investment grants Fischer MVL exclusive marketing rights in ASEAN, India, and the Middle East. The collaboration is expected to leverage Wonder Tech’s advanced solutions to address the global mental health crisis, providing scalable, user-friendly, and unbiased diagnostic tools that reduce social stigma and promote early intervention.
According to The Lancet Global Health, nearly 1 billion people worldwide suffer from mental disorders. The mental health market, valued at USD 399.7 billion in 2023, is projected to grow to USD 530.5 billion by 2032. Despite this large market, innovation in mental health diagnostics has lagged. Traditional diagnosis by psychiatrists is time-consuming, costly, and often stigmatized, deterring early assessment and treatment.
Wonder Tech’s voice biomarker diagnostic solution offers a user-friendly, unbiased, and scalable alternative. It uses a 60-second mobile phone voice sample to provide instant mental health analysis without additional hardware.
This technology provides private, objective, and affordable mental health screening, increasing the chances of early detection and treatment. The platform has been validated across multiple languages and has demonstrated an 83% accuracy rate in identifying depression, surpassing the clinical threshold for diagnosis.
Fischer MVL’s Chairman and Managing Director, Mr. Ravindran Govindan, emphasized the significance of this investment, highlighting their commitment to advancing mental healthcare. He stated, “Our alliance with Wonder Tech underscores our dedication to mental healthcare solutions. We aim to lead globally in this sector by leveraging Wonder Tech’s acoustic-based diagnostic technology, now available in ASEAN, India, and Middle Eastern markets.”
Ms. Wendy Wu, Founder & Chairman of Wonder Tech Group, expressed her enthusiasm about the investment and collaboration: “Fischer MVL’s funding and marketing support propels us toward our goal of democratizing mental healthcare globally, to help more patients detect mental health issues early and seek assistance, while safeguarding their personal privacy and bring down screening cost substantially. With our technology, consumers and corporations can monitor mental health & wellness through a few seconds of voice data. We will continue to scale our operations significantly with the support from Fischer MVL’s strong sales network.”
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