GlobalData Predicts Future Health Tech Unicorns
December 28, 2021 – Healthcare startups are constantly looking to embrace emerging technologies to improve efficiency, increase customer engagement, and stay competitive. In this context, Unicorn Prediction Model of GlobalData, a leading data and analytics company, released a list of 50 healthcare startups that have the potential to become unicorns (valuation> US $ 1 billion ).
Apoorva Bajaj, Head of Financial Markets Practice at GlobalData, says, “Ranging from geonomy to precision and personalized medicine or digital therapy to coordinated healthcare, startups aim to disrupt healthcare by using emerging technologies and investor attention also remains high on technology-driven healthcare. .
“The COVID-19 pandemic has certainly triggered a massive disruption in the healthcare industry and forced several healthcare companies to implement emerging technologies to ensure business continuity. New opportunities will continue to emerge in the healthcare technology space around the world, which bodes well for startups. “
The latest report from GlobalData, ‘Future unicorns in Healthtech‘, reveals that in the third quarter of 2021, the healthcare technology space received investments of more than US $ 9.5 billion covering 274 transactions worldwide. During the period, North America (mainly the United States) accounted for almost 60% of the overall volume of venture capital (VC) transactions, followed by Asia-Pacific with almost a quarter of total investments.
When it comes to social media discussions, “technology” and its use cases in smart treatments, genomics and digital therapies are increasingly mentioned by social media influencers. From the opening of the Sarepta Therapeutics Center of Excellence in Genetic Therapies in Columbus, Ohio, to Freenome, a private biotechnology company, in partnership with Siemens Healthineers for breast cancer research were discussed.
Some of the healthcare startups on GlobalData’s Potential Unicorn list include HumanAPI Inc, Eden Health, Univercells Technologies, Synthego, and Earlens.
HumanAPI Inc aggregates and stores data obtained from multiple sensors, mobile devices, and other data sources (such as blood and genetic data). Using the company’s end-user process, consumers can share their health data with any application or system, regardless of how that data was recorded, processed or stored.
Eden Health is a primary care, 24/7 telemedicine and insurance navigation company that helps employees navigate today’s complex healthcare landscape through insurance, primary care and mental health care to make smart, well-informed and cost-conscious decisions.
Univercells Technologies designs biological solutions for healthcare providers. The company aims to manufacture antibodies / proteins / vaccines at low cost, and is based on single-use technologies, and the sequence of three manufacturing steps in cell culture in simulated continuous mode under perfusion, clarification and capture.
Synthego is a genomic engineering company providing synthetic RNA solutions for CRISPR genomic engineering. The company is leveraging machine learning, automation and gene editing to advance both basic research and therapeutic development programs.
Earlens is a medical device company that develops hearing solutions designed to change today’s standards of care for sound performance. The company claims to have developed the world’s first Earlens contact hearing solution, which delivers sound directly into the eardrum.
Bajaj concludes, “The adoption of ‘healthcare technology’ is increasing, as evidenced by the increase in the number of related mentions in company records and the continuous increase in jobs posted to hire talent in this space. The healthcare sector has long been characterized as slow to innovate due to a variety of internal and external factors ranging from rising R&D costs to drug pricing constraints.
“COVID-19 has accelerated a strong need for innovation and has been very successful in showing how quickly industry can embrace change when pressured to do so. However, it will be interesting to see how these trends continue to emerge and how healthcare companies continue to invest in digital transformation using emerging technologies. “
For more information: https://store.globaldata.com/report/healthtech-future-unicorns-and-rankings/