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HealthTech companies globally

Sector Definition: Companies providing digital health solutions for disease management, diagnosis, treatment etc. HealthTech sector is also known as Digital Health or e-Health.

Sector Definition: Companies providing digital health solutions for disease management, diagnosis, treatment etc. HealthTech sector is also known as Digital Health or e-Health.

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Companies in HealthTech

There are 127,759 companies in HealthTech which include athenahealth, 23andMe, Medidata, Dexcom, Peloton. 23,782 companies in HealthTech are funded, with 9,594 having secured Series A funding. Till date, the sector has seen the creation of 130 Unicorns. United States has the most number of companies in HealthTech (47,070), followed by India (12,081), and then United Kingdom (9,209).
2024 has seen the creation of 1,429 HealthTech companies. On average, the last 10 years have seen 8,506 new companies launched every year. Most number of HealthTech startups have been founded by alumni from Harvard University, Stanford University and Massachusetts Institute of Technology.

Here is a List of top 10 companies in HealthTech

1. athenahealth

Cloud-based administrative tool for healthcare providers. The company has developed EHR, practice management, and population health solutions. The features include EHR, practice management, revenue cycle management (RCM), patient engagement, population health services, care coordination, clinical decision support, and more.

Key facts about athenahealth

2. 23andMe

Provider of genetic test solutions to study ancestry, genealogy, and inherited traits. The platform provides a study regarding an individual's ancestry, genealogy, and inherited traits. The company also markets its data is categorized and searchable form to researchers and scientists.

Key facts about 23andMe

3. Medidata

AI-based clinical trial management software for researchers. It offers a platform for data analysis, research experiment protocol designing, trail planning, supply, clinical management, and data management among others. The company has developed products such as CATIA R2021x, 3DEXPERIENCE, ENOVIA, BIOVIA, and more which assist with the drug discovery process.

Key facts about Medidata

  • Founded Year: 1999
  • Location: New York City (United States)
  • Stage: Acquired
  • Total Funding till date: $21.5M
  • Investors: TFS, Insight Partners and 11 Others
  • Latest Funding Round: Unattributed, Nov 06, 2023
  • Tracxn Score: 86/100 What is this?
  • Competitors Rank: 1 of 307 Competitors

4. Dexcom

Provider of a wearable device for glucose monitoring. It provides a wearable patch that enables users to measure glucose levels in real-time. It has the capability to send data wirelessly to a display device through a transmitter and the touch screen receiver displays real-time glucose data. In 2022, the company recorded annual revenues of $3.02B and a net profit of $0.29B.

Key facts about Dexcom

5. Peloton

Provider of smart fitness training equipment and training platforms. It offers an app-based platform for streaming fitness classes integrated into indoor cycling equipment. It uses cloud-based streaming video technology and a proprietary Android-powered console to deliver fitness lessons to users.

Key facts about Peloton

6. Modernizing Medicine

AI and cloud-based EMR and practice management software for clinics. The product Electronic Medical Assistant (EMA) is a cloud-based, specialty-specific electronic medical record (EMR) system. EMR technology is powered by deep learning and Machine Learning to extract information from patient data. The platform also provides telemedicine and value-based care facilities for multiple diseases.

Key facts about Modernizing Medicine

7. Hinge Health

Digital solutions for employees recuperating from chronic pain for musculoskeletal disorders. The solutions include sensor bands, a tablet computer, and other accessories. It offers an engaging and interactive curriculum that tackles their condition, explains treatment, teaches new behaviors, and reviews practical and psychological barriers. The sensor technology guides participants through 15 - 20 minutes of physical therapy each session and each participant is assigned a personal coach to guide them through the program and monitor their progress.

Key facts about Hinge Health

8. Omada

Provider of virtual care programs to manage chronic diseases. The company provides access to personal health coaches and specialists for virtual programs to deliver personalized interventions for prediabetes, diabetes, hypertension, and musculoskeletal issues.

Key facts about Omada

9. Withings

Withings provides solutions for health monitoring, sleep monitoring, activity monitoring and home environment monitoring. Withings provides computing and storage resources for app building. Its product, Wifi BodyScale can measure both weight and fat mass and upload the data to the cloud over wi-fi. Withings home is a video monitoring and security. Withings Thermo, a WiFi connected thermometer, measures temperature from the temporal artery on the die of the head. The company plans to launch the device for $99.95. The connected app will be available for iOS and Android devices.

Key facts about Withings

  • Founded Year: 2008
  • Location: Moulineaux (France)
  • Stage: Acquired
  • Total Funding till date: $93.8M
  • Investors: Bpifrance, Idinvest Partners and 8 Others
  • Latest Funding Round: Series B, Jul 28, 2020, $60M
  • Tracxn Score: 82/100 What is this?
  • Competitors Rank: 1 of 1,964 Competitors

10. Zocdoc

ZocDoc is an online platform that helps patients to find health practitioners according to location, specialty insurance and book an appointment online. Provides scheduling software for medical personnel at the backend which can be accessed both at Zocdoc and at the professional's website. Introduced ZocDoc Check-In feature that allows patients to fill out their medical forms online in advance of their visit and saves the information for future visits as well. Pricing based on monthly subscription. The service, used by more than 4 million patients/month, serving around 60% of the U.S. population.

Key facts about Zocdoc

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