Digital Medical Devices Leads Health Technology In Number of Investors

The health technology industry has seen 3,918 investors and $90B total all time funding. Let’s analyze which health technology categories have the most number of investors actively financing the startups. The graphic below highlights health technology categories based on the number of investors in each category.

Health Technology Investors Per Category
Health Technology Investors Per Category

As the graphic demonstrates, Digital Medical Devices has the highest number of investors at 1077, with IoT Health Care following behind at 810. Digital Medical Device companies build IT-enabled medical and diagnostic devices for doctors. IoT Health Care companies create connected devices that track health metrics or help improve health well-being. In addition, the average number of investors across all health technology categories is 374.

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 Average Funding Experiencing Robust Growth

For this quarter’s funding analysis, let’s examine how average funding in the health technology sector is evolving. The graphic below shows the health technology average funding across all deals over time by quarter.

Health Technology Average Funding Deal Size
Health Technology Average Funding Deal Size

As the graphic demonstrates, health technology average funding deal size in Q1 2019 was at $42M, which increased by 30% from the $32M last quarter. The average funding deal size has demonstrated strong upward growth, with the average funding last quarter around 5 times larger than it was 5 years ago. The top three funding events in Q1 2019 include a $1B round into Verily, a $500M round into Clover Health, and a $299M round into BridgeBio.

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 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.

Health Technology Exit Activity Dipped in 2018

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

Health Tech Exits Over Time
Health Tech Exits Over Time

As the graphic demonstrates, 2018 saw a drop in health technology exit activity compared to the previous year. The 67 exit events in 2018 represent a 9% decrease from the 74 exit events in 2017, which was the highest year on record for exit activity. However, health technology exits are still on a general upward trend, with a 5-year CAGR of 25% from 2013 to 2018. Some of the exit events in 2018 include AveXis’s acquisition by Novartis for $8.7B, Flatiron Health’s acquisition by Roche for $1.9B, and PillPack’s acquisition by Amazon for $1B.

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 Report Highlights  – Q4 2018

Here is our Q4 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 dynamic report, 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.

Health Technology Startup Highlights  – Q2 2018

Here is our Q2 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.