Health Technology Sector Overview – Q1 2019

This blog post examines the different components of the health technology ecosystem. We will illustrate what the categories of innovation are and which categories have the most companies. We will also compare the categories in terms of their funding and maturity.

Digital Medical Devices is The Largest Health Technology Category

Let’s start off by looking at the Sector Map. We have classified 2,334 health technology startups into 22 categories. They have raised $88B from 3,843 investors. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies in each category.

Health Technology Logo Map
Health Technology Logo Map

We see that Digital Medical Devices is the largest category with 324 companies. These companies build IT-enabled medical and diagnostic devices for doctors. These devices include detection equipment, monitoring equipment, and surgical tools. Some example companies include Signostics, MediBeacon, Stimwave, and AliveCor.

Let’s now look at our Innovation Quadrant to find out the funding and maturity of these categories in relation to one another.

The Pioneers Quadrant Has the Most Health Technology Categories

Our Innovation Quadrant divides the health technology categories into four different quadrants.

Health Technology Innovation Quadrant
Health Technology Innovation Quadrant

We see that the Pioneers quadrant has the most number of health technology categories at 13, accounting for 59% of all health technology categories. The EHR/EMR category has the highest average age, and the Genomics category has the highest average funding. On the other hand, the Fitness Apps and the Gamification categories are low on both average funding and age.

To learn more about our complete health technology dynamic report, visit us at www.venturescanner.com or contact us at info@venturescanner.com.

Insurance Technology Exit Activity Declined in 2018

As we make our way through Q1 of 2019, let’s look back on 2018 and analyze how exit activity for insurance technology (insurtech) compares to previous years. The graphic below shows total annual insurtech exit events over time.

Insurance Technology Exits Over Time
Insurance Technology Exits Over Time

As the graphic demonstrates, 2018 saw a drop in insurtech exit activity compared to the previous year. The 22 exit events in 2018 represent a 44% decrease from the 39 exit events in 2017, which was the highest year on record for exit activity. However, insurtech exits are still on a general upward trend, with a 5-year CAGR of 22% from 2013 to 2018.

To learn more about our complete insurance technology dynamic report, visit us at www.venturescanner.com or contact us at info@venturescanner.com.

Health Technology Investors With the Most Activity

The health technology industry has seen $84B in total all time funding. Let’s analyze the investors financing the health technology sector and identify the most active firms.

The graphic below highlights health technology investors based on the number of investments made in the sector. If an investor participates in two investment rounds in the same company (such as a Series A and Series B), that would qualify as two investments for this analysis.

Health Technology Investors with Most Investments
Health Technology Investors with Most Investments

As the graphic demonstrates, New Enterprise Associates has made the most bets in the health technology sector with 88 investments. Khosla Ventures follows with 80 investments. Examples of companies that New Enterprise Associates has invested in include Bright Health, Paladina Health, 23andMe, and Collective Health. The two CVCs rounding out the list include GE Ventures and GV.

To learn more about our complete health technology dynamic report, visit us at www.venturescanner.com or contact us at info@venturescanner.com.

Insurtech Investors With the Most Activity

The insurance technology (insurtech) industry has seen $27B in total all time funding. Let’s analyze the investors making bets into insurtech and identify the most active firms.

The graphic below shows insurtech investors based on their number of investments into the sector. If an investor participates in two investment rounds in the same company (such as a Series A and Series B), that would qualify as two investments for this graphic.

Insurance Technology Investors With Most Investments
Insurance Technology Investors With Most Investments

As the graphic demonstrates, 500 Startups has made the most bets in the insurtech sector with 39 investments. Plug and Play follows in second place with 27 investments. Examples of companies 500 Startups invested in include Kin Insurance, Indio Technologies, Embroker, and Jones. Let’s see which investors make their way onto this list in 2019!

To learn more about our complete insurance technology dynamic report, visit us at www.venturescanner.com or contact us at info@venturescanner.com.

Health Technology Funding Hails Record Year in 2018

Now that 2018 is complete, let’s examine how funding in health technology compares to previous years. The graphic below shows the total annual health technology funding amounts over time.

Health Technology Funding Over Time
Health Technology Funding Over Time

As the graphic demonstrates, 2018 experienced the highest health technology funding on record at $17.2B. It constitutes a slight 1% increase from the previous year’s funding. Some of the largest funding events in 2018 include a $550M round for Peloton, a $500M round for WeDoctor, a $500M round for Moderna Therapeutics, and a $375M round for Oscar Health. Over the past 5 years, health technology funding grew at a CAGR of 35%. It’ll be interesting to see if its funding will dip in 2019 or reach even higher levels.

To learn more about our complete health technology dynamic report, visit us at www.venturescanner.com or contact us at info@venturescanner.com.

Health Technology Sector Overview – Q1 2019

This blog post examines the different components of the health technology ecosystem. We will illustrate what the categories of innovation are and which categories have the most companies. We will also compare the categories in terms of their funding and maturity.

Digital Medical Devices Is the Largest Health Technology Category

Let’s start off by looking at the Sector Map. We have classified 2250 health technology startups into 22 categories that have raised $81 billion. The Sector Map highlights the number of companies in each category. It also shows a random sampling of companies in each category.

Health Technology Sector Map

We see that Digital Medical Devices is the largest category with 307 companies. These companies build IT-enabled medical and diagnostic devices for doctors. These devices include detection equipment, monitoring equipment, and surgical tools. Some example companies include Signostics, MediBeacon, Stimwave, and AliveCor.

Let’s now look at our Innovation Quadrant to find out the funding and maturity of these categories in relation to one another.

The Pioneers Quadrant Has the Most Health Technology Categories

Our Innovation Quadrant divides the health technology categories into four different quadrants.

Health Technology Innovation Quadrant
Health Technology Innovation Quadrant

We see that the Pioneers quadrant has the most health technology categories with 10. These categories are in the earlier stages of funding and maturity. The Established quadrant has 7 categories that have reached maturity with less-than-average financing. The Disruptors quadrant contains 4 categories that have acquired significant financing at a young age. The Heavyweights quadrant contains one category, Healthcare Robotics. This category has reached maturity with significant financing.

Conclusion: The Digital Medical Devices Category Leads Health Technology

As the analysis above demonstrates, the Digital Medical Devices category leads health technology in total companies. We’ll see what’s in store for the health technology landscape in the new year!

To learn more about our complete health technology report and research platform, visit us at www.venturescanner.com or contact us at info@venturescanner.com.

Health Technology Startup Highlights  – Q3 2018

Here is our Q3 2018 summary report on the health technology startup sector. The following report includes a sector overview and recent activity.

To learn more about our complete health technology report and research platform, visit us at www.venturescanner.com or contact info@venturescanner.com.