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Venture Scanner Health Tech Report Q3 2017
- 1. Q3 Startup Market Trends and Insights HEALTH TECHNOLOGY August 2017
- 2. Health technology report outline 2 This report provides an overview of the health technology sector and is broken down into three sections SectorDescription High-level sector metrics, innovation quadrant, and category definitions Trends& Insights Infographics and data points for the health technology sector QuarterlyActivity Major funding and exit events from the previous 90 days Venture Scanner reports are built by analysts utilizing our startup database and research platform
- 4. 4 Health technology startups are creating new businesses in 22 categories The full Venture Scanner market report and database tracks 1,977 companies with $48B in funding HEALTH TECHNOLOGY The graphic above shows only a sampling of companiesin each category, data cumulativeas of August 2017 Administration HealthCommunity teleHealthInsurance/Payment PatientEngagement DoctorSearch Genomics IoTFitness IoTHealthcare RemoteMonitoring z EHR/EMR Communications DoctorNetworks Gamification MedicalDevices Robotics MedicalBigData Marketing HealthDestination HealthApps PopulationHealth
- 5. 5 Innovation quadrant for health technology This quadrant shows a relative segmentationof the categories with respect to oneanother, data cumulativeas of August 2017 AverageFunding ESTABLISHED HEAVYWEIGHTS PIONEERS DISRUPTORS AverageAge Genomics Medical Device IoT Fitness Insurance/Payments Health Destination Sites Clinical Administration Population Health EHR/EMR Healthcare Robotics Health Apps Healthcare Search Gamification IoT Health Nutrition Remote Monitoring teleHealth Medical Big Data Patient Engagement Doctor Network Communications Healthcare Communities Healthcare Marketing
- 6. Health technology startups play in many different categories (1 of 3) 6Category stats cumulativeas of Augusts 2017 ClinicalAdministrationand Backend 175 Startups, $4B Total Funding Companies that optimize management of healthcare- related administrative tasks, such as scheduling, patient transfers, and compliance Doctorand HealthcareServiceSearch 143 Startups, $3.1B Total Funding Companies that help patients find the right healthcare solutions, such as services to search for doctors, healthcare plans, and specialized healthcare ElectronicHealth/Medical Records 115 Startups, $2.1B Total Funding Companies that provide and improve the efficiency of EHR/EMR systems to optimize the internal coordination of patient medical data, such as charts and referrals Genomicsand PersonalizedMedicine 103 Startups, $6.9B Total Funding Companies that utilize human genome data for disease prevention and treatment, such as genetic testing, cost analytics, and personalized reports DigitalMedicalDevicesand Diagnostics 251 Startups, $9.8B Total Funding Companies that manufacture IT-enabled medical devices and diagnostic tools such as surgical devices, monitoring equipment, and detection equipment DoctorNetworkand Resources 44 Startups, $1.2B Total Funding Companies that connect doctors with each other to share experiences, such as collaboration tools and medical social networks Gamification of Health 34 Startups, $249M Total Funding Companies that promote behavior-changing health and wellness, such as gamification solutions for healthy eating and fitness HealthcareMarketingand CampaignManagement 23 Startups, $481M Total Funding Companies that identify and target potential customers for healthcare services, such as healthcare specific CRM platforms
- 7. Health technology startups play in many different categories (2 of 3) 7Category stats cumulativeas of August 2017 HealthcareMobileCommunications/Messaging 29 Startups, $511M Total Funding Companies that create communication services for healthcare, such as secure messaging, care transition notifications, and shareable notes HealthInsuranceand Payments 99 Startups, $4.2B Total Funding Companies that manage healthcare benefits and payments, such as insurance marketplaces and platforms to automate payments IoT HealthCare 235 Startups, $3.2B Total Funding Companies that track health metrics and improve wellbeing, such as breathing mobile games, sleep trackers, and pain relief wearables MobileFitness/HealthApps 138 Startups, $873M Total Funding Companies that create health related apps, such as keeping track of fitness activities and providing structured fitness routines HealthcareRobotics 14 Startups, $769M Total Funding Companies that create robotics solutions for healthcare, such as robotic prosthetics and robotic remote patient treatment IoT Fitness 163 Startups, $4.5B Total Funding Companies that track fitness and exercise metrics, such as healthy eating trackers, exercise tracking wristbands, and smartphone-controlled shoes MedicalBig Data 129 Startups, $3.3B Total Funding Companies that provide big data analytics for medical applications, such as solutions to link data across different systems and predictive analytics NutritionInnovations 93 Startups, $2B Total Funding Companies that help consumers with healthy eating, such as providing meal plans, nutritional information, and nutritional food delivery
- 8. Health technology startups play in many different categories (3 of 3) 8Category stats cumulativeas of August 2017 OnlineHealthCommunities 45 Startups, $583M Total Funding Companies that connect patient groups and medical professionals, such as disease based social networks and platforms for generalized medical information PatientEngagementand Education 102 Startups, $2.2B Total Funding Companies that inform patients about modern medical practices, such as in-hospital multimedia and patient relationship management services RemoteMonitoringand FamilyCare Management 88 Startups, $1.8B Total Funding Companies that allow families and medical professionals to monitor those in care, such as caregiverservices and alert systems for in-home care OnlineHealthDestinationSites 49 Startups, $1.8B Total Funding Companies that provide health-related information and resources, such as symptom checklists and drug information PopulationHealthManagement 82 Startups, $2.1B Total Funding Companies that analyze groups of patient data to create actionable insights, such as population data management and communications with the group teleHealth 175 Startups, $1.8B Total Funding Companies that enable remote treatment between doctors and patients, such as video conference solutions and text-based communications
- 9. Sector Trends & Insights 9
- 10. 10 Investing into the sector is occurring across a variety of categories The Digital Medical Devices category accounts for 17% of venturefunding and 11% of totalcompanies in the health technology sector Venture Investing in Health Technology Companiesare categorized by function, and therefore can exist in multiple categories. Data cumulativethrough August 2017 - 50 100 150 200 250 300 0 1 2 3 4 5 6 7 8 9 10 CompanyCount TotalFunding($B) VC Funding Count
- 11. 11 VC funding into health tech has grown in recent years Overall healthtech VC fundinggrew ata CAGR of 31% from 2011-2016, and 2017 is currently at 102% of 2016 funding Health Technology Funding Over Time Data cumulativethrough August 2017 0 1 2 3 4 5 6 7 8 9 10 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 TotalFunding($B)
- 12. 12 Health technology funding amounts are focused on early stage events Health Technology Funding Amount By Round SeriesA financings accounted for 36% of total 2016 health tech VC funding Graphs shows only the funding rounds listed therein, data cumulativethrough August 2017 0 1 2 3 4 5 6 7 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 FundingAmount($B) Late Stage Series D Series C Series B Series A Seed
- 13. 13 Health technology startups founded in 2013 lead in VC funding Startups founded in 2013 account for 16% of the sectorfunding over the last decade, and include companies like ZhongAn, Oscar, and Zenefits Health Technology Funding By Vintage Year Data cumulativethrough August 2017 0 1 2 3 4 5 6 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 TotalFunding($B) Year Founded
- 14. 14 Health technology startups are a global phenomenon Health Technology Startup Countby Country Data cumulativethrough August 2017 14000 Companies
- 15. 15 A variety of top investors are making bets into health technology Selected Investor Activity in Health Technology The above count represents a subset of overall investor activity, data cumulativethrough August 2017 0 10 20 30 40 50 60 70 NumberofInvestments Number of Investments Number of Companies Backed
- 16. 16 Exits within the health technology space have been dominated by acquisitions Exit events within the health tech sector grew by 164% from 2011 to 2016, and 2017 is currently at 62% of the 2016 total Health Technology M&A and IPO Events By Year Data cumulativethrough August 2017 0 10 20 30 40 50 60 70 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 NumberofExits Public Acquired
- 18. 18 Recent health technology funding statistics There have been 164 health tech funding events from April 2017 through June 2017 Recent Health Technology Funding Round Counts Graph shows only the funding types listed therein 0 5 10 15 20 25 30 35 40 45 Seed Series A Series B Series C Series D Series E Late Stage FundingEventCount
- 19. 19 Recent health technology funding events Notable Recent Health Technology Funding Events Company FundingType Amount Date Series A $500,000,000 May 31, 2017 Series E $360,000,000 May 11, 2017 Series E $325,000,000 May 24, 2017 Private Equity $231,000,000 May 10, 2017 Venture $200,000,000 May 3, 2017 Health tech startups raised $4.4 billion from April 2017 through June 2017
- 20. 20 Recent health technology exit events Notable Recent Health Technology Exit Events Company Acquirer Amount Date $1,800,000,000 May 17, 2017 $701,000,000 June 19, 2017 $440,000,000 Jun 19, 2017 $397,000,000 April 4, 2017 Unknown June 13, 2017 There have been 18 health tech exits from April 2017 through June 2017, including 15 acquisitions and 3 IPOs
- 22. Venture Scanner is the foundation of your startup research 22 Our research and data keep you ahead of the innovation curve SaveTime and Money Get immediate access to years of startup research LeverageTechnology Realize the power of our landscaping technology StayCurrent See all updates and developments Many international Fortune 500 companies trust Venture Scanner to help them with their startup reporting needs
- 23. Want to learn more about ourhealth technology marketreport? Click here or contact info@venturescanner.comto learn more