The healthcare market is booming and there is no stopping it. As per CBINSIGHTS, investment in healthcare startups has grown to $57.2B. There has never been a better time to start your healthcare startup. So, which sectors in healthcare are evolving and expected to get maximum attention from investors in 2022 and beyond?
Telehealth market
The telehealth market is going to see a huge rise beyond general care and virtual visit services. Investors are confident that the telehealth segment will also include specialized care services related to cardiology, neurology, kidney, liver, orthopedics, and musculoskeletal disorders. The same CBINSIGHTS study reported that global investments in the telehealth segment will go beyond $17.6 billion.
If you’re looking to digitize your healthcare business, now is the right time. From telehealth and telemedicine app development to prior authorization systems, healthcare MVP development, custom healthcare development and patient engagement software, the options are numerous.
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Mental and wellness awareness is on rise
The isolations, lockdowns and emotional stress impacted everyone across the globe. No wonder, the online demand for behavioral health market services has grown significantly. Telehealth app development and other healthcare startups are also including services related to psychiatric, mental wellness, substance-use disorders, and delivering mental care. Many startups like Lyra Health, Ginger, Cerebral, and Modern Health are valued at more than $1 billion in this segment.
Scope of digital therapeutics
Digital therapeutics include treatment for a wide range of physical, mental, and other behavior- driven conditions. This healthcare segment requires regular clinical diagnosis and evidence to prescribe treatment based on the state of the disease and a patient’s condition.
Mckinsey reported that this sector will grow 40% annually and will require specialized resources and a specific technology path. This segment will integrate with a remote patient monitoring system because professionals can view the vitals regularly and prescribe an appropriate treatment plan.
The growth of the healthcare market is only going upwards. Hundreds of healthcare startups in the USA have nurtured their business in the above segment and are doing well. So, who are the top 11 healthcare startups that users are in love with?
Covera Health
Covera ensures that accurate diagnosis is recorded and an appropriate treatment path can be prescribed. It saves time, money and ensures better health outcomes. The startup has a strong analytical engine that provides insights on the patient’s condition based on their previous medical and claims history. Medical care is dependent upon accurate diagnosis and predictive analytics ensures the right treatment plan is prescribed.
Radiologists are already benefiting through Covera’s analytics engine and the company has raised $32 million.
H1
H1 has a huge database of medical professionals in different sectors like biomedical devices, pharma, health systems and more. It also connects patients, customers, and medical professionals and helps startups find professionals for their business needs.
Profiles are curated with in-depth information and you can easily filter the records by various search and sort functions available in H1. They have raised a funding of $12.9 million, making it one of the most promising startups today.
Embleema
Medical data analysis is always a key to improving the health of the population. Embleema allows users to access and manage their health records intuitively. Providers can analyze the data. Continuous updating of data ensures that new treatments can be prescribed. The startup also provides compensation to the users for sharing data in a HIPAA and HL7 security protocol interface.
Empiric Health
Driven by AI and machine learning, this healthcare startup provides data visualization and uses the data to find the best surgical solutions. Hospitals and other healthcare units can use this data to improve health outcomes.
Galileo
Patients can interact with doctors by filling out a questionnaire. You can renew your prescriptions and manage chronic care with specialty doctors. It is definitely a great bootstrapped healthcare startup. Connecting patients to specialty doctors based on questionnaire response solves one of the biggest challenges in the healthcare sector – to find the root cause of a symptom and consult with the right doctor of the right specialty.
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Prognos
Gathering and interpreting data using AI is the core value proposition of Prognos. It contains large clinical record data sets that are gathered from multiple sources. It suggests the best treatment and providers/payers can use Prognos for their research and treatment purpose.
Paige
This is one of the most advanced healthcare startups so far and harnesses the power of AI, deep learning, neural learning, and cognitive thinking to suggest the best cancer treatment. Aimed to solve problems for pathologists, Paige has a separate user interface for them and ensures that pathologists can interpret results accurately without any mistakes.
Lyfebin
With the integration of EHR, medical imaging, and health records available on the cloud, telemedicine app development ensures everything is paperless and no time or money is spent on printing records. Lyfebin also boosts environmental practices and is apt for the current scenario. Patients and doctors can access the image from anywhere. As a result of the patient monitoring system, patients can receive telemedicine assistance, regardless of the location. And doctors can get a better view of their appointment schedules.
Related : Telemedicine App Development Services
Pearl
This healthcare startup solves issues in the dental field. They have created AI-powered tools including a computer vision tool to identify abnormalities in dental x-rays and drill down to find the right data point for diagnosis of a dental issue.
Polares Medical
Although this word means technical [mitral valve regurgitation], the best healthcare startup in the USA is aimed at solving cardiac issues. Cardiac issues occur due to many reasons, including lifestyle, hereditary and more. Polares Medical has cardiac devices to monitor vitals and cardiac irregularities.
Rightway Healthcare
Rightway Healthcare provides a platform to connect patients and doctors. Think of it as a telehealth app development. With all standard features like appointment booking, prescriptions, health records management, medications purchasing, and a unique navigator solution to find the best doctor related to any health issue.
It’s time to digitize your healthcare business in remote patient monitoring and telehealth app development.
Do you also want to be part of the healthcare startup revolution and join the above list? If yes, you must consult with a telehealth app development like Knovator Technologies.
We’ll prepare a blueprint for your project with milestones, cost of full vs healthcare MVP solution, timeline, and list of important features. You can also suggest innovations and Knovator Technology will brainstorm and suggest the best UI/UX path to deliver it.
Knovator Technologies has a track record of helping healthcare companies earn million dollar revenues with telehealth app development. Get in touch with us today.
