04 Aug HealthTech in Europe grew 6-folds in 5 Yrs
According to Sifted, Europe’s Tech News Media, HealthTech is seeing the most attention today than ever before, and understandably so. While aging population and technological shifts laid the foundation of the process, the pandemic has further accelerated it.
2020 was a record year of investments for Europe with huge funding rounds for many telemedicine and digital diagnostic startups.
The combined value of European HealthTech companies grew 6x from years 2016 to 2021 – from $8 Bn to $41 Bn USD. This change was mainly led by telemedicine, operations software and InsurTechs. Globally, HealthTech is a $8 Tri USD industry.
While telemedicine has clearly made a mark in 2020, there are 5 other sub-sectors that have potential to boom next – namely, (1) continuous monitoring services, (2) combining diagnostics with treatment, (3) FemTech, (4) home-based care, & (5) at-home testing.
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