Average and Median Age by Health Technology Category – Q1 2017

The following graph shows average and median age in the Health Technology sector. The graphic includes data through October 2016.

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Average and Median Age by Health Tech Category

The above graph summarizes the average and median age of companies in each Health Technology category. The Electronic Health/Medical Records category has the highest average age at 14 years, and the Healthcare Robotics category has the highest median age, also at 14 years.

We are currently tracking 1796 Health Technology companies in 22 categories across 58 countries, with a total of $40.2 Billion in funding. Click here to learn more about the full Health Technology landscape report and database.

Health Technology Companies Founded by Year – Q1 2017

The following graph shows the founding year distribution in the Health Technology sector. The graphic includes data through October 2016.

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Health Tech Companies Founded by Year

The above graph summarizes the number of Health Technology companies founded in a certain year. 2013 ranks at the top with 207 companies founded in that year alone. 2012 is the runner-up with 172 companies founded in that year.

We are currently tracking 1775 Health Technology companies in 22 categories across 57 countries, with a total of $38.4B in funding. Click here to learn more about the full Health Technology landscape report and database.

Health Technology Funding Trends – Q4 2016

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Total HealthTech Funding by Year

The above graph summarizes the total funding raised by Health Technology startups for each year. 2015 is the best year so far with over $7.5B in funding. 2014 comes in at second place with just around $6.3B raised to date.

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HealthTech Funding by Vintage Year
The above graph summarizes the total amount of funding raised by Health Technology companies founded in a certain year. Companies founded in 2013 have raised the most funding at just over $3.9B, followed by those founded in 2011 which have raised about $2.6B.

We are currently tracking 1602 Health Technology companies in 22 categories across 54 countries, with a total of $34.4B in funding. Click here to learn more about the full Health Technology landscape report and database.

Health Technology Startup Landscape Trends and Insights – Q4 2016

A report providing an overview of the Health Technology startup landscape, graphical trends and insights, and recent funding and exit events. Click here to see this entire deck on our new blog.

We are currently tracking 1595 Health Technology companies in 22 categories across 54 countries, with a total of $33.6 Billion in funding. Click here to learn more about the full Health Technology landscape report and database.

Health Technology Category Innovation Quadrant – Q4

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Health Technology Category Innovation Quadrant

Our Innovation Quadrant provides a snapshot of the average funding and average age for the different Health Technology categories and how they compare with one another.

  • Heavyweights: Categories with high average funding and high average age. These categories are comprised of companies that have reached maturity with significant financing.
  • Established: Categories with low average funding and high average age. These categories are comprised of companies that have reached maturity with less financing.
  • Disruptors: Categories with high average funding and low average age. These categories are comprised of companies that are less mature with significant financing.
  • Pioneers: Categories with low average funding and low average age. These categories are comprised of companies that are less mature with earlier stages of financing.

The definitions of the Health Technology categories represented in the above Innovation Quadrant are as follows:

Clinical Administration and Backend: Companies that help foster management of healthcare-related administrative tasks. Examples include scheduling, patient transfers, billing, and compliance.

Digital Medical Devices & Diagnostics: Companies that manufacture a new generation of IT-enabled medical devices and diagnostic tools for use by doctors and other clinical staff. Examples include tools for use in surgery, monitoring equipment, and detection equipment.

Population Health Management: Services that help manage and analyze patient data across groups of people to create actionable insights for healthcare providers. Examples include population data management, coordinated care across populations, and streamlined reporting on individuals.

Genomics and Personalized Medicine: Companies that utilize human genome data for analytics and disease prevention. Examples include disease-specific genetic testing, more cost-efficient analytic solutions for healthcare providers, and consumer personalized reports.

Electronic Health/Medical Records: Services that create and manage EHR/EMR (Electronic Health/Medical Records) to improve efficiency and effectiveness of medical practices. Examples include platforms that provide electronic medical charts, schedules, prescription tracking, and referral letters.

Doctor Network and Resources: Social services that allow doctors to connect with each other to gain insights and discuss their experiences and expertise. Examples include platforms that allow collaboration across hospitals and social networks that identify and share best practices.

Medical Big Data: Big data and analytics for medical applications. Examples include data management, solutions to normalize and link data across different systems, and predictive analytics.
IoT Health Care: Internet of Things (IoT) focused on consumer and/or at-home health care solutions. Examples include devices that measure and track health vitals.

Doctor and Healthcare Service Search: Services that help patients find the right healthcare solutions. Examples include services to search for doctors, healthcare plans, and specialized healthcare.

Remote Monitoring and Family Care Management: Services that allow families and medical professionals to monitor and manage those in care. Examples include services that provide caregivers to senior citizens as well as alert systems for in-home care.

teleHealth: Services that allow remote treatment and/or consultation between doctors and patients. Examples include solutions that allow patients to video conference their healthcare professionals and/or text/SMS/email for treatment.

Online Health Destination Sites: Websites providing health-related information and resources. Examples include symptom checklists, drug information, and resources that discuss more specific issues.

Health Insurance and Payments: Health insurance exchanges, benefits, and patient payment management platforms that focus on providing more efficient workflow and greater transparency. Examples include health insurance marketplaces and platforms to manage and automate health benefits.

Patient Engagement and Education: Services and platforms that better inform patients about modern medical practices and treatments. Examples include in-hospital multimedia systems and patient relationship management services.

Mobile Fitness/Health Apps: Mobile apps that focus on health and general wellbeing. Examples include apps that keep track of fitness activities, provide structured fitness routines, and provide mindfulness exercises.

IoT Fitness: Internet of Things (IoT) focused on personal fitness and wellness solutions. Examples include wearables that track fitness stats, monitor heart rate, and sports-specific data collection solutions.

Online Health Communities: Social services among patient groups and medical professionals. Examples include online communities that connect similarly situated patients and platforms where doctors provide generalized medical information.

Healthcare Marketing and Campaign Management: Services for hospitals, insurance agencies, and other healthcare services to identify and target potential customers. Examples include health care specific CRM platforms.

Healthcare Mobile Communications/Messaging: Mobile communications services dedicated for hospital use by doctors, nurses, and other medical professionals. Examples include secure messaging for doctors, care transition notifications, and shareable notes amongst professionals.

Gamification of Health: Application of game elements to promote behavior-changing health and wellness. Examples include gamification solutions for healthy eating and fitness.

Healthcare Robotics: Companies that create robotics solutions for healthcare. Examples include companies that create robotic prosthetics and robotics solutions for remote patient treatment.

Nutrition Innovations: Companies that help users track and manage their nutrition consumption, as well as those that produce new forms of nutrition. Examples include nutrition-tracking apps, nutrition-planning shopping lists, and plant-based meat products.

We are currently tracking 1582 Health Technology companies in 22 categories across 53 countries, with a total of $33.2 Billion in funding. Click here to learn more about the full Health Technology landscape report and database.

Health Technology Market Overview – Q4 2016

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Health Technology Sector Map

The above sector map organizes the Health Technology sector into 22 categories and shows a sampling of companies in each category.

Clinical Administration and Backend: Companies that help foster management of healthcare-related administrative tasks. Examples include scheduling, patient transfers, billing, and compliance.

Digital Medical Devices & Diagnostics: Companies that manufacture a new generation of IT-enabled medical devices and diagnostic tools for use by doctors and other clinical staff. Examples include tools for use in surgery, monitoring equipment, and detection equipment.

Population Health Management: Services that help manage and analyze patient data across groups of people to create actionable insights for healthcare providers. Examples include population data management, coordinated care across populations, and streamlined reporting on individuals.

Genomics and Personalized Medicine: Companies that utilize human genome data for analytics and disease prevention. Examples include disease-specific genetic testing, more cost-efficient analytic solutions for healthcare providers, and consumer personalized reports.

Electronic Health/Medical Records: Services that create and manage EHR/EMR (Electronic Health/Medical Records) to improve efficiency and effectiveness of medical practices. Examples include platforms that provide electronic medical charts, schedules, prescription tracking, and referral letters.

Doctor Network and Resources: Social services that allow doctors to connect with each other to gain insights and discuss their experiences and expertise. Examples include platforms that allow collaboration across hospitals and social networks that identify and share best practices.

Medical Big Data: Big data and analytics for medical applications. Examples include data management, solutions to normalize and link data across different systems, and predictive analytics.

IoT Health Care: Internet of Things (IoT) focused on consumer and/or at-home health care solutions. Examples include devices that measure and track health vitals.

Doctor and Healthcare Service Search: Services that help patients find the right healthcare solutions. Examples include services to search for doctors, healthcare plans, and specialized healthcare.

Remote Monitoring and Family Care Management: Services that allow families and medical professionals to monitor and manage those in care. Examples include services that provide caregivers to senior citizens as well as alert systems for in-home care.

teleHealth: Services that allow remote treatment and/or consultation between doctors and patients. Examples include solutions that allow patients to video conference their healthcare professionals and/or text/SMS/email for treatment.

Online Health Destination Sites: Websites providing health-related information and resources. Examples include symptom checklists, drug information, and resources that discuss more specific issues.

Health Insurance and Payments: Health insurance exchanges, benefits, and patient payment management platforms that focus on providing more efficient workflow and greater transparency. Examples include health insurance marketplaces and platforms to manage and automate health benefits.

Patient Engagement and Education: Services and platforms that better inform patients about modern medical practices and treatments. Examples include in-hospital multimedia systems and patient relationship management services.

Mobile Fitness/Health Apps: Mobile apps that focus on health and general wellbeing. Examples include apps that keep track of fitness activities, provide structured fitness routines, and provide mindfulness exercises.

IoT Fitness: Internet of Things (IoT) focused on personal fitness and wellness solutions. Examples include wearables that track fitness stats, monitor heart rate, and sports-specific data collection solutions.

Online Health Communities: Social services among patient groups and medical professionals. Examples include online communities that connect similarly situated patients and platforms where doctors provide generalized medical information.

Healthcare Marketing and Campaign Management: Services for hospitals, insurance agencies, and other healthcare services to identify and target potential customers. Examples include health care specific CRM platforms.

Healthcare Mobile Communications/Messaging: Mobile communications services dedicated for hospital use by doctors, nurses, and other medical professionals. Examples include secure messaging for doctors, care transition notifications, and shareable notes amongst professionals.

Gamification of Health: Application of game elements to promote behavior-changing health and wellness. Examples include gamification solutions for healthy eating and fitness.

Healthcare Robotics: Companies that create robotics solutions for healthcare. Examples include companies that create robotic prosthetics and robotics solutions for remote patient treatment.

Nutrition Innovations: Companies that help users track and manage their nutrition consumption, as well as those that produce new forms of nutrition. Examples include nutrition-tracking apps, nutrition-planning shopping lists, and plant-based meat products.

We are currently tracking 1548 Health Technology companies in 22 categories across 52 countries, with a total of $31.9 Billion in funding. Click here to learn more about the full Health Technology landscape report and database.

The State of Health Technology in Six Visuals

We cover many emerging markets in the startup ecosystem. We previously published posts that summarized Financial Technology, Internet of ThingsBitcoin, MarTech, Artificial Intelligence, Retail Technology, and Connected Transportation in six visuals. This week, we do the same with Health Technology. At this time, we are tracking 863 Health Technology companies across 23 categories, with a combined funding amount of $15.5B. To see all of our Health Tech related posts, click here!

The six Health Technology visuals below help make sense of this dynamic market:

  1. Market Overview: Breakdown of Health Technology into categories.
  2. Number of Companies Per Category: Bar graph summarizing the number of companies in each Health Technology category.
  3. Average Funding By Category: Bar graph summarizing average company funding per Health Technology category.
  4. Venture Funding in Health Technology: Graph comparing total venture funding in Health Technology to the number of companies in each category.
  5. Global Breakdown of Health Technology: Heat map indicating where Health Technology companies exist.
  6. Median Age of Health Technology Categories: Bar graph of each Health Technology category by median age.

This sector covers companies that combine IT with healthcare to enhance well-being. This includes digital technologies and services such as mobile connectivity, biometric sensors, cloud computing, social networking, robotics, etc. that are affecting all fronts of healthcare such as hospital management, doctor-patient relationships, peer-to-peer support groups, and personal fitness.

Below you’ll find our Health Tech sector map as well as the categorical breakdown of the sector.

1. Health Technology Market Overview

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Clinical Administration and Backend: Services that foster management of administrative tasks such as scheduling, patient transfers, billing, compliance, etc.

Digital Medical Devices & Diagnostics: New generation of IT-enabled medical devices and diagnostic tools for use by doctors and other clinical staff.

Population Health Management: Services to manage healthcare issues for groups of people such as corporate employees.

Genomics and Personalized Medicine: Services that utilize human genome data for analytics, disease prevention, and the like.

Electronic Health/Medical Records: Services that create or manage EHR/EMR (Electronic Health/Medical Records) to improve efficiency/effectiveness of medical practice.

Doctor Network and Resources: Social services that allow doctors to connect with each other to get in dialogue and/or access their expertise.

Medical Big Data: Big data and analytics for medical applications.

IoT Health Care: Internet of Things (IoT) focused on consumer and/or at-home health care solutions.

Doctor and Healthcare Service Search: Services that allow patients to search for doctors, healthcare plans, and other healthcare services.

Remote Monitoring and Family Care Management: Services that allow families and medical professionals to monitor and manage those in care (ie. senior citizens).

teleHealth: Services that allow remote treatment and/or consultation between doctors and patients.

Online Health Destination Sites: Websites providing health-related information and resources.

Health Insurance and Payments: Health insurance exchanges, benefits and patient payment management platforms focused on providing more efficient workflow and greater transparency.

Patient Engagement and Education: Services and platforms such as In-Hospital multimedia systems and patient relationship management services.

Mobile Fitness/Health Apps: Mobile apps that keep track of fitness activities, provide health resources, training programs, etc.

IoT Fitness: Internet of Things (IoT) focused on personal fitness and wellness solutions.

Online Health Communities: Social services among patient groups and medical professionals.

Healthcare Marketing and Campaign Management: Services for hospitals, insurance agencies, and other healthcare services to identify and target potential customers.

Healthcare Mobile Communications/Messaging: Mobile communications services dedicated for hospital use by doctors, nurses, etc.

Gamification of Health: Application of game elements to promote behavior-changing health and wellness.

Healthcare Robotics: Robotics application for healthcare such as prosthetics, remote treatment, etc.

Healthcare Startup Incubators and Accelerators: Investor programs that fund and support Digital Health startups.

2. Number of Companies Per Category

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The bar graph above summarizes the number of companies in each Health Technology category to show which are dominating the current market. Currently, the “IoT Health Care” category is leading the way with a total of 123 companies, followed by “IoT Fitness” with 97 companies.

3. Average Funding By Category

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The bar graph above summarizes the average company funding per Health Technology category. The “Health Insurance/Payments” category leads the way with an average of $58.5M per funded company. The Health Insurance/Payments category includes health insurance exchanges, benefits and patient payment management platforms focused on providing more efficient workflow and greater transparency.

4. Venture Investing in Health Technologies

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The graph above compares total venture funding in Health Technology to the number of companies in each category. The “Genomics & Personalized Medicine” and “Health Insurance/Payments” categories seem to be the ones with the most traction.

5. Global Breakdown of Health Technology

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The following infographic is an updated heat map indicating where Health Technology startups exist across 30 countries and 327 cities. Currently, the United States is leading the way with 706 companies. The United Kingdom is in second with 25 companies followed by Canada with 24.

6. Median Age of Health Technology Categories

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The bar graph above summarizes Health Technology by median age of category. The “Electronic Health Records” category has the highest median age at 9 years, followed by “Clinical Admisnitration” and “Online Health Destination Sites” at 8 years.

As Health Technology continues to develop, so too will its moving parts. We hope this post provides some big picture clarity on this booming industry.

Venture Scanner enables corporations to research, identify, and connect with the most innovative technologies and companies. We do this through a unique combination of our data, technology, and expert analysts. If you have any questions, reach out to info@venturescanner.com.