More Related Content Similar to Asia HealthTech Investment Landscape | The Propell Group (20) Asia HealthTech Investment Landscape | The Propell Group1. Garage Start Ÿ Digital Health
10th September 2015 Ÿ Singapore Ÿ The Propell Group
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Asia HealthTech
@enquirepropell
#HealthTech
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• HealthTech innovation is disrupting healthcare and its established players
• Technology is driving a new paradigm to create better health care
• Developing markets can leapfrog their healthcare infrastructure limitations
• New opportunities are opening to shape the new paradigm
Healthcare is changing dramatically
3. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
Venture funding of HealthTech: Growth outpaces other healthcare sectors
Health Sector Funding Changes
Based on total funding from 2012 and 2013
2013 vs 2012 2014 vs 2013
All Sectors Health Tech Med DevicesBiotech
9%
61%
29%
127%
10%
29%
-17%
21%
4. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
Venture funding of HealthTech: Key global trends
Top Trends of HealthTech Funding
2011 to 2014
Ranking 2011 2012 2013 2014
1
Healthcare Consumer
Engagement
Healthcare Consumer
Engagement
EHR & Clinical Workflow
Analytics & Big Data
Data aggregation & analysis to support a wide range of healthcare use
cases
2 Analytics & Big Data EHR & Clinical Workflow Analytics & Big Data
Healthcare Consumer Engagement
Consumer tools for the purchasing of healthcare services or health
insurance
3 Digital Dx
Personal Health Tools &
Tracking
Digital Medical Devices Digital Medical Devices
Software / hardware designed to treat a specific disease or condition
4 EHR & Clinical Workflow Care Coordination
Population Health
Management
Telemedicine
Delivery of healthcare services through virtual channels
5 Post-acute Solutions Wearables & Biosensing Wearables & Biosensing
Personal Medicine
Software to support the practice of medicine customised to an individual’s
genetics
6 Hospital Administration Telemedicine
Healthcare Consumer
Engagement
Population Health Management
Platforms for managing population health under the shift to risk-based
payment models
5. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
Acquisitions: Is this the start of the HealthTech sector maturing?
95 M&A Deals in 2014 - $20B
ACQUIRER TARGET
Flatiron Health Altos Solutions
Teladoc AmeriDoc
Evidera Archimedes
Optum Audax
Roche Bina Technologies
MDLive Breakthrough
Hearst Health CareinSync
Cambia Health ClarusHealth
Merck eCardio
Google Lift Labs
UnitedHealth Group MedSynergies
WellTok MindBloom
HCA PatientKeeper
Facebook ProtoGeo (Moves)
AirStrip Wireless Sense4Baby
MyFitnessPal Sessions
WebMD TheraSim
Covidien Zephyr Technologies
Sector # of M&A deals
Health Tech
Med Device
Payer
Biopharma
Provider
Other
Healthcare
Tech
Other
47
8
6
6
4
4
7
13
ACQUIRER TARGET VALUE
BD CareFusion $12.2B
Cognizant TriZetto $2.7B
Cerner Siemens Health $1.3B
Optum Alere $600M
Aetna bswift $400M
Brighton Health Privia $400M
GE API Healthcare $340M
Emdeon Change Healthcare $185M
Medtronic Corventis $150M
Astra Zeneca Definiens $150M
Intel Basis $100M
Everyday Health Medico.com $100M
Millenium Labs RxAnte $70M
St Jude Medical CardioMEMS $60M
Care.com Citrus Lane $49M
Advisory Board Co. HealthPost $25M
Weight Watchers Wello $9M
Premier Meddius $8M
DISCLOSED UNDISCLOSED
6. “For all emerging markets, the
conditions are very challenging. But
where we see challenges, I see
opportunity. In fact: our challenges
are your opportunities ”
— Joko Widodo —
President, Indonesia
Asia
PARADOXES
7. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
Asia Paradoxes: Infrastructure Needs
Immature Healthcare Infrastructure
Public Health Expenditure (% GDP) Hospital Beds (per 1,000)
Nurses & Midwives (per 1,000) Physicians (per 1,000)
Kenya JapanIndonesia Bangladesh FranceChina UKIndia USA
Source: World Health Organisation, , World Bank 2013
1.2 1.3 1.3
1.9
3.1
7.6 7.6
8.5 8.7 9.0
Germany Kenya FranceBangladesh India JapanChina USAIndonesia UK
0.6 0.7 0.9 1.4
3.8
2.9 2.9
6.4
8.2
13.7
Germany
India USABangladesh Kenya GermanyChina UKIndonesia France
0.2
0.9 1.4 1.7 1.9
8.8 9.3 9.8
11.5 11.5
Japan India UKKenya Indonesia GermanyChina JapanBangladesh USA
0.2 0.2 0.4
0.7
1.9
2.3 2.5
2.8
3.2
3.9
France
8. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
Asia Paradoxes: Medical Needs
Large Unmet Medical Needs
Cardio Vascular Disease (Deaths per 100,000) Diabetes Disease (Deaths per 100,000)
Infant Mortality (Death per 1,000) RTAs (Death per 100,000)
Indonesia AustraliaS.Korea China USIndia BangladeshSingapore France
Source: World Health Organisation, , World Bank 2013
34.7
79.7 82.4
150.8
165.8
203.7
29.2
60.3 68.8 80.5
UK Bangladesh FranceSingapore China USIndia IndonesiaS.Korea UK
10.8
13.4
23 23.8 23.8
29.5
5
8.1
9.9
15.2
Australia
Indonesia FranceSingapore S. Korea USBangladesh IndiaChina Australia
2 3
11
25
33
41
3 4 4 6
UK India FranceSingapore S.Korea USChina IndonesiaBangladesh UK
5.3
13.7
16.4
18.7
20.8
22.6
4.8
6.6 6.8
13.9
Australia
9. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
Asia Paradoxes: Income Diamond
Deeper Market Relevance
From skimming to penetrating the market
Premium Market
Segment
Value Market
Segment
Underserved
Market Segment
56%
30%
13%
1%
10. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
HealthTech: Asia HealthTech Startup Landscape
Nascent But Thriving Ecosystem
Note: WIP!
Source: Health Startups Asia!
HealthTech Startup Categories
Big Data &
Analytics
3%
Genomics &
Precision
Medicine
2%
Consumer Health &
Wellness
17%
Navigating the
Healthcare System
20%
Patient
Engagement
21%
Practice
Management
15%
Sensors &
Diagnostics
17%
Telehealth &
Remote Monitoring
5%
HealthTech Startup Geographies
Australia
6%
Indonesia
3%
Singapore
8% Malaysia
2%
Hong Kong
3%
India
29%
Philipines
2%
Vietnam
1%
China
41%
South Korea
1%
Thailand
1%
Japan
2%
Taiwan
1%
11. ©2015 by The Propell Group - All rights reserved. Proprietary and Confidential.
Venture funding of HealthTech: Asia Key Trends
Noteworthy Asia HealthTech Funding Rounds
Target Category
Funding Size
($M) & Stage
Principal
Investor(s)
Practo (INDIA)
Navigating The
Healthcare System
90.0
Series C
• Google Cap;
Sequoia;
• Tencent
Meet You (CH)
Consumer Health &
Wellness
35.0
Series B
• Matrix
Partners
• K2 Partners
PICOOC (CH)
Sensors &
Diagnostics
25.0
Series B
• Tencent
• Gobi Partners
1MG (pka HealthKartPlus)
(INDIA)
Navigating The
Healthcare System
20.0
Series B
• Sequoia
Capital
• Intel Capital
DocDoc (SG)
Navigating The
Healthcare System
8.5
Series A
• Jungle
Ventures
• SparkLabs
Target Category
Funding Size
($M) & Stage
Principal
Investor(s)
ConnexionsAsia (SG)
Consumer Health &
Wellness
8.0
Series A
• NorthStar
Investments
• BioVeda
Reka Health (SG)
Sensors &
Diagnostics
4.0
Series A
• Tembusu
Partners
Our Health Mate (SG)
Navigating The
Healthcare System
1.0
Seed / Pre A
• LeoTech
Healint (SG)
Patient Engagement 1.0
Seed / Pre A
• WaveMaker
• GREE
Ventures
mClinica (PH)
Patient Engagement 1.0
Seed / Pre A
• KickStart
Ventures
• 500Startups
Note: WIP!
Source: Health Startups Asia!
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Asia Healthcare Accelerator Landscape
Most Asia accelerators have a broad sector focus
Next 12 months will likely see the launch of additional healthtech focused accelerators
• There are 100+ incubators &
accelerators across Asia –
virtually none are 100%
focused on healthtech
• Growing maturity of the
ecosystem vs. 115 healthtech
accelerators worldwide (87 in
the US)
• Emergence of corporate
incubators with a healthtech
focus
• Opportunity to establish
Singapore as the healthtech
innovation hub of Asia
Incubator! Accelerator!
Focused!
Broad!
Clearbridge
Accelerator
(SG)!
AIA !
(HK)!
MetLife
(SG)!
Independent!
Captive!
JFDI Asia
(SG)!
BioFactory
(SG)!
SPRING SSA
MedTech
(SG)1!
SparkLabs
(KR)!
rockstart!
(SG)!
Modern
Ageing!
(SG)3!
Muru D!
(SG)!
Other Asia
Accelerators2!
Note 1: Zicom MedTacc and Med Tech Alliance, together with SPRING Singapore will co-invest S$60 million to develop promising medical technology ventures!
Note 2: A number of accelerators exist in Asia e.g. GSF India which operate on a similar model to JFDI Asia but have no deliberate focus on healthtech!
Note 3: Modern Ageing is a pre-Accelerator!
EVA !
(IN)!
13. • HealthTech is disrupting healthcare and its stakeholders
• Technology is driving a new paradigm to create better healthcare
• Asia healthcare will be able to leapfrog its infrastructure limitations
• New opportunities are opening to shape the new paradigm in Asia
Healthcare is changing dramatically
14. Julien
de SALABERRY
Experienced regional head and GM. 15+
years in healthcare with leading brands
including Eli Lilly, Boston Scientific,
Baxter, GSK, Merck & Co. Significant
Asia Pacific Experience.
The Propell Group is a boutique venture
investor and adviser firm focused on
early stage companies in healthcare
technology
Co-Author of iDisrupted
Founder & CIO Ÿ The Propell Group
M: +65 9488 7334 Ÿ julien@propellgroup.biz
@enquirepropell