I have been trying to follow all the news from CB Insights: Technology Market Intelligence. They have extremely rich information on digital health. Here is a sample or intro:
https://www.cbinsights.com/research/
The most promising
150 private digital health startups working to transform the healthcare
industry with new models of primary care to emerging tech solutions for
providers.
CB Insights’ first ever annual cohort of
Digital Health 150 startups is a list of 150 of the most promising private companies creating innovative products and services in the
$5T+ healthcare industry, according to CB Insights’ Industry Analyst Consensus.
Our research team selected the 150
startups from a pool of 5K+ companies based on several factors,
including patent activity, investor profile, news sentiment analysis,
proprietary Mosaic scores, market potential, partnerships, competitive
landscape, team strength, and tech novelty.
For the purposes of this report,
digital health is
defined as companies in the healthcare space that use
technology/software as a key differentiator from their competition. This
includes everything from disease diagnostics to tech-driven health
insurance platforms to AI tools for drug discovery, and more.
Startups are categorized by their main focus areas. Categories in the market map below are not mutually exclusive.
Please click to enlarge.
Table of contents
150 startups in different stages of R&D
The Digital Health 150 companies span a wide spectrum of categories
that involve all three key stakeholder groups for the healthcare
industry — providers, payers, and patients.
These companies range from emerging startups to established unicorns
(companies with $1B+ valuations). The selected companies represent a mix
of startups at different stages of funding and product
commercialization.
For example,
China-based
We Doctor has a valuation of $5.5B and provides primary care services that leverage its tech platforms and provider network.
In contrast,
RDMD
is an early-stage company specializing in drug discovery efforts for
rare diseases. The company plans to aggregate data to help develop
treatments for a range of conditions.
A total of
17 companies on the list are unicorns
(private companies valued at $1B+). Of these, 12 companies are US-based,
3 are based in China, 1 is based in France, and 1 is based in the UK.
Most well-funded companies
The most well-funded companies on the Digital Health 150 list span a
broad range of categories. The top-funded company is genomics startup
GRAIL, followed by insurance tech player
Oscar Health and then China-based
We Doctor.
Startups outside the United States
Of the 150 selected digital health startups, 116 are headquartered in
the US. Those based outside the US include 17 from Asia, 16 from
Europe, and 1 from Canada.
After the US, China is the second most-represented country on this
list, with 7 of the selected companies, and Israel is third with 4
companies.
Most active investors
Over 850 unique investors have funded this year’s
Digital Health 150 cohort, including corporations, CVCs, VC firms, and angel investors.
Below, we highlight the
top 10 most active investors among the companies selected.
Investor |
Number of deals |
F-Prime Capital |
31 |
New Enterprise Associates |
30 |
Google Ventures |
29 |
Venrock |
28 |
Founders Fund |
27 |
Khosla Ventures |
27 |
GE Ventures |
22 |
Social Capital |
20 |
.406 Ventures |
19 |
Andreessen Horowitz |
18 |
Track all the Digital Health 150 Startups in this brief and many more on our platform
The 150 private digital health startups working
to recreate how healthcare is delivered. Look for The Digital Health 150
in the Collections tab.
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the first collaborative work management solution purpose-built for
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Themes & trends
Across our 150 selected companies, we identified key themes and
trends that highlight their efforts to transform the healthcare
industry.
Below, we discuss a selection of these trends across different categories.
Artificial intelligence
Many companies on our list are leveraging AI and machine learning to help develop their respective software platforms.
From consumer health companies to imaging & diagnostics startups, AI is at the forefront of their products and services.
One example here is pathology — an area that AI has begun to transform. For instance, startups such as
PathAI and
PAIGE.AI are using AI to help speed up patient diagnosis.
Source: PAIGE.AI
AI is also being leveraged through drug discovery & development —
accelerating the identification of new targets and therapeutic
candidates.
An example here is
OWKIN, a startup that develops algorithms to help interpret disease-related data and predict treatment outcomes.
Women’s health
As investments to women’s health startups have increased, we’ve seen
startups targeting everything from egg freezing services to emerging
tech for managing menopause.
In particular, fertility has gained traction as one of the main area of interest for women.
Startups such as
Ava Science (fertility tracking device) and
Carrot Fertility (fertility supplemental insurance) are providing novel services that aim to boost accessibility and convenience.
Virtual care clinics such as
Maven Clinic are also helping women gain better access to providers that cater specifically to women’s health needs and concerns.
Source: Maven Clinic
Maven raised a $27M Series B round in September 2018 with
participating investors including Sequoia Capital and Oak HC/FT
Partners, among others.
Senior care
The growing size of the aging population is creating an increased demand for tech that aims to improve their health management.
This includes services targeted at both home care solutions and care coordination between providers.
One example here is
ClearCare — a home care platform that aims to facilitate everything from administrative tasks to tracking patient hospitalizations.
Source: ClearCare
Social determinants of health
Population health has been generating a lot of buzz in healthcare. In
particular, there’s a growing emphasis on leveraging social
determinants of health (SDoH) to generate better health outcomes.
An example here is
Unite Us, a New York-based startup working to build care networks that integrate SDoH into how healthcare is delivered.
Source: Unite Us
Its approach is to provide care coordination software that can handle
external referrals and track patient outcomes, helping to connect
healthcare with social services.
Value-based care
As more healthcare stakeholders look to collaboration to spur
innovation in the industry, value-based care has come to the forefront.
In particular, payers and providers have established new care
coordination networks to help reduce overall healthcare costs — with the
goal of delivering care that provides better value to patients.
An example here is
Vim, which provides patients with access to both payers and providers to make it easier to find appropriate care options.
Source: Vim
Vim raised a $24M Series B round in September, with participating
investors including Optum Ventures, Premera Blue Cross, and Sequoia
Capital, among others.
Concierge medicine
Concierge medicine startups, such as
One Medical or
Parsley Health, use a membership model to help offer patients an elevated healthcare services experience.
The approach aims to offer faster health visits with providers and more predictable associated costs.
Source: Galileo Health
Recently,
Galileo Health —
started by the founder of One Medical — launched an app-based concierge
medicine platform geared towards providing a comprehensive level of
care, including for chronic disease management.
It raised funding from Oak HC/FT Partners in May.
Telehealth
Telehealth services have expanded in recent years to become more differentiated.
Primary care platforms such as
Ada Health and
98point6 are helping patients access more tailored care from their smartphones.
For instance, 98point6 offers a subscription on-demand telemedicine
platform — touting 24/7 access to board-certified physicians — that’s
delivered via a mobile app.
Source: 98point6
The startup raised a $50M Series C in October 2018 from Goldman Sachs and Frazier Healthcare Partners.
Another example is
Talkspace,
which offers psychotherapy services delivered virtually. It has raised
$109M in total disclosed funding from investors including Compound,
Norwest Venture Partners, Spark Capital, and SoftBank, among others.
Other companies in this category use remote monitoring technology to supplement virtual care services.
Table of the Digital Health 150 companies
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