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 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 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.

IoT Fitness and Digital Medical Devices Lead Health Technology Funding

We previously highlighted that health technology funding had the highest quarter on record in Q3 2018. This blog post will take a closer look at the funding trends within the individual health technology categories. Per our analysis, we notice two key takeaways:

  • The IoT Fitness category leads the sector in Q3 funding
  • The Digital Medical Devices category leads the sector in all-time funding

We’ll highlight these takeaways with some graphics and discussions below.

The IoT Fitness Category Leads Health Technology In Q3 Funding

To start off, let’s review the amount of funding raised this quarter per category within health technology.

Health Technology Latest Quarter Category Funding
Health Technology Latest Quarter Category Funding

The above graphic highlights that the IoT Fitness category leads the sector in Q3 funding with $0.9B. The Digital Medical Devices category follows in the second place with $0.8B.

IoT Fitness companies create connected devices that track fitness and exercise metrics. Such devices include healthy eating trackers, exercise tracking wristbands, and smartphone-controlled shoes. Some example companies in this category include Moov, Sensoria, Striiv, and Atlas Wearables.

Let’s now investigate how the healthtech categories’ funding compare with each other historically.

The Digital Medical Devices Category Leads the Sector in All-Time Funding

The graph below shows the all-time funding for the various health technology categories. The Q3 funding and growth rates of these categories are also highlighted.

Health Technology Total Category Funding
Health Technology Total Category Funding

As the bar graph indicates, the Digital Medical Devices category leads health technology in total funding at $15B. The Genomics category follows in the second place with $13B in total funding.

Digital Medical Device companies build IT-enabled medical and diagnostic devices for doctors. These devices include detection equipment, monitoring equipment, and surgical tools. Some example companies are Signostics, MediBeacon, Stimwave, and AliveCor.

In summary, the IoT Fitness category leads health technology in Q3 funding. The Digital Medical Devices category leads the sector in total funding.

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.

Genomics and Digital Medical Devices Lead Health Technology Funding

We’ve previously found that health technology funding is on an overall upward trend. Now we are taking a closer look on our health technology research platform to compare funding by category. Our analysis reveals two observations:

  • The Genomics category leads the sector in Q2 funding
  • The Digital Medical Devices category leads the sector in all-time funding

We’ll highlight these observations with some graphics and discussions below.

The Genomics Category Leads Health Technology In Q2 Funding

To start off, let’s review the amount of funding raised this quarter by each category within health technology.

Health Technology Latest Quarter Category Funding
Health Technology Latest Quarter Category Funding

The above graphic highlights that the Genomics category leads the sector in Q2 funding with just under $1B. Its funding is 1.4 times the funding of the next category, Digital Medical Devices at $700M.

Genomics companies utilize human genome data for analytics, prevention, and treatment. Some example companies in this category are 23andMe, Helix, and Counsyl.

Let’s now investigate how these categories’ funding compare with each other historically.

The Digital Medical Devices Category Leads the Sector in All-Time Funding

The graph below shows the all-time funding for different health technology categories. The Q2 funding and growth rates of these categories are also highlighted.

Health Technology Total Category Funding
Health Technology Total Category Funding

As the bar graph indicates, the Digital Medical Devices category leads the sector in total funding at almost $14B. The Genomics category follows in a close second place with an all-time funding of $13.6B. These two categories’ funding are more than twice the funding of the next category, IoT Fitness at $6.6B.

Digital Medical Device companies build IT-enabled medical and diagnostic devices for doctors. These devices include detection equipment, monitoring equipment, and surgical tools. Some example companies are Signostics, MediBeacon, Stimwave, and AliveCor.

In summary, it’s clear that the Genomics and Digital Medical Devices categories are leading the sector in funding. Let’s see how the the rest of 2018 shapes up for health technology!

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  – 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.