Top 10 Healthcare Market – Are you curious about which healthcare industry trends will soon affect your business? Explore our in-depth industry research of 3,622 healthcare startups and scale-ups and gain data-driven insights into technology-driven solutions on our Healthcare Innovation Map!
The healthcare trends we see today are new technologies and solutions that meet the demands of clinical diagnosis, treatment and disease management. The global COVID-19 pandemic led to the rise of technologies related to disinfection, infection control, detection of disease transmission, treatment, patient care and immunization. Advances in the healthcare industry range from electronic consultations, telemedicine, real-time diagnosis to the use of digital therapies using immersion technology tools. Gene analysis, recording of clinical information, and big data and analytics enable the development of precision medicine. Startups tailor treatment planning and delivery to individual patients using real-time remote monitoring devices. The adoption of Artificial Intelligence (AI), Internet of Things (IoT) and data management practices is making hospitals smarter. These solutions improve workflow and staff scheduling and provide connected infrastructure, devices and systems to accelerate accurate and equitable clinical services.
Top 10 Healthcare Market
For this in-depth study of top healthcare trends and startups, we analyzed a sample of 3,622 global startups and scale-ups. The result of this research is data-driven innovation intelligence that improves strategic decision-making by providing an overview of emerging technologies and healthcare startups. These insights have been obtained by working with the StartUs Insights Discovery Platform powered by Big Data and artificial intelligence, which covers more than 2,500,000 startups and scalable companies worldwide. The platform quickly provides a comprehensive overview of emerging technologies in a given field and identifies relevant startups and expansions at an early stage.
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The innovation map below provides an overview of the top 10 healthcare trends and innovations impacting healthcare companies worldwide. In addition, the Healthcare Innovation Map reveals 20 hand-picked startups, all working on new technologies that advance their industry. Contact us if you’d like to explore custom insights.
Based on the Healthcare Innovation Map, the tree map below illustrates the impact of the top 10 healthcare trends in 2023. HealthTech startups are using AI and the Internet of Medical Things (IoMT) for real-time, continuous and remote monitoring of patients. Telemedicine solutions improve the availability of clinical services for patients who cannot often visit hospitals. Big data and analytics solutions process structured and unstructured medical data and biomedical literature to generate new insights. Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR) are enabling MedTech startups to develop better digital care experiences. 3D printing, especially bioprinting, enables the development of high-quality prostheses and organ transplants and at the same time reduces the risk of transplant rejection. With the digitization of healthcare, blockchain and cloud computing technologies play an important role in the collection, storage and exchange of clinical information. Finally, advances in genomics, nanomedicine, and regenerative medicine promote personalized healthcare.
The Global Startup Heat Map below highlights the global distribution of the 3,622 exemplary startups and scale-ups we analyzed for this study. A Heat Map created through the StartUs Insights Discovery Platform reveals that the majority of these companies are in the US, and we are also seeing increased activity in India and Europe, particularly the UK.
Below you can see 20 of these 3,622 promising HealthTech startups and expansions and the solutions they have developed. These 20 startups were handpicked based on criteria such as year of establishment, location, funding obtained and others. Depending on your specific needs, your best choices may look completely different.
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Artificial intelligence replaces traditional labor-intensive and time-consuming processes in healthcare with fast, remote and real-time solutions for diagnosis, treatment and disease prevention. HealthTech startups develop software platforms, application programming interfaces (APIs) and other digital products to extend the benefits of AI. Some applications of AI in healthcare include clinical workflow management, advanced surgical assistance, and medical diagnostics.
Care AI is an American startup that offers an autonomous patient monitoring platform powered by artificial intelligence. The startup’s platform connects to patented edge sensors and turns ordinary rooms into self-aware rooms. The platform increases patient safety, reduces medical errors, and improves the quality of care and clinical efficiency. It finds applications in monitoring hand hygiene, monitoring patients in bed to prevent falls, and predicting pressure sores, tremors and other risks.
Ligence is a Lithuanian HealthTech startup that develops tools for heart risk diagnosis and measurement tools. The startup is developing CardioEchoAI, a cardiac ultrasound image analysis tool. It uses deep learning algorithms to mimic the steps performed by a cardiologist during a routine cardiac ultrasound, speeding up 2D transthoracic echocardiography (TTE) analysis. The startup’s automated cardiac ultrasound imaging workflow reduces average exam time from 30 minutes to 5 minutes and increases overall accuracy and diagnosis.
IoMT is key to developing products that require less or no human interaction to deliver healthcare services. Connected medical equipment, devices and infrastructure enable multiple applications such as automatic disinfection, smart diagnosis and remote patient management. Cognitive IoMT (CIoMT) is a recent subtrend that combines sensory information, automatic processing, and communication over networks for real-time diagnosis, monitoring, surveillance, and disease control.
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German startup Uventions develops solutions for automatic disinfection of surfaces and infrastructure. The startup offers several products for disinfecting room air, door handles, objects, surfaces and railings. These solutions are easy to install in, for example, hospitals, clinics, offices, airports, hotels and even cruise ships. The system detects the presence of people in the room or the use of the door handle and automatically disinfects with ultraviolet C (UV-C) light radiation. The solution documents the disinfection process and reports in real time via the dashboard.
Tredomo is a US startup developing a portable IoMT device for dose monitoring. The integrated remote dose monitoring system ensures the timely delivery of the correct and monitored heat-sensitive dose with intelligent disposal. The device also continuously monitors each new dose, single-use sharps, indoor and ambient temperatures, battery charge level, performance diagnostics and more.
The COVID-19 pandemic accelerated the adoption of telemedicine among many governments, health systems, physicians, and patients. To combat the pandemic, governments issued telemedicine guidelines to decongest healthcare facilities. Telemedicine minimizes the load on facilities and reduces the use of personal protective equipment when doctors reach their patients via telecommunications. HealthTech startups work on telehealth services that facilitate public health mitigation strategies by increasing social distancing. Telemedicine also helps elderly people remotely, reduces bed space and saves clinical supplies.
Ceiba, a Turkish startup, offers a tele-ICU platform. The platform offers a fully customizable dashboard that provides a snapshot of all patients and beds in the ICU to communicate time-critical data that indicates their care needs. The platform offers AI-based predictive alerts for sepsis, mortality, length of stay, early warning of patient deterioration, accuracy scoring, automated physician progress and nurse notes. In addition, the solution is easy to integrate into any electronic health record (EHR) platform.
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Estonian startup Viveo Health offers a fully functional, comprehensive telehealth care platform that combines insurance and healthcare. The startup offers an online medical consultation platform for clinics, doctors, patients and companies. It allows users to communicate with healthcare providers via video calls and schedule appointments. The platform also allows users to receive medical advice, e-prescriptions or electronic referrals directly from doctors using the app.
Digitalization is changing medical data collection, storage, diagnostic techniques, treatment planning, surgical workflows, remote patient monitoring and consultations. The amount of health and medical information is expected to grow exponentially in the coming years. MedTech startups utilize big data and analytics to analyze unstructured and massive amounts of medical data. It improves patient-specific services, detects diseases earlier and creates new insight into disease mechanisms. In addition, big data solutions monitor the quality of healthcare institutions’ processes and enable better treatment methods.
Israeli startup InnVentis utilizes big data and machine learning to provide solutions for diagnostics, monitoring and treatment decisions of significant chronic inflammatory diseases. The startup’s platform combines high-quality data with advanced algorithms to generate actionable insights for inflammatory disease diagnostics and disease/health management. The startup also offers products and services for finding rheumatoid arthritis drugs. The startup plans to expand its platform to other inflammatory conditions, such as asthma, multiple sclerosis and colitis.
MediChain is a British startup that provides a decentralized platform for safe, fast and transparent exchange and use of medical data. The startup uses blockchain technology to securely store health information. It provides doctors, hospitals, laboratories, pharmacists and health insurance companies with access to patient information while recording transactions on a distributed ledger.
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The use of immersive technologies such as AR/VR and MR is becoming more common in the healthcare industry. The applications of VR in healthcare vary from rehabilitation therapy and exposure therapy for anxiety disorders to assisting with cognitive and physical rehabilitation. AR/VR also plays an important role in medical education. Immersive technology also finds applications in surgery, for example for perioperative projection of patient data, holographic images and scans.
VRSANO is a US-based MedTech startup that develops a user interface between the brain and computers. Its technology combines the principles of VR, neurofeedback and clinical hypnosis to optimize health effects.
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