Global Startup Heat Map highlights 10 HealthTech Startups to Watch in 2023
Through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, which covers over 3 790 000+ startups & scaleups globally, we identified 1185 HealthTech startups. The Global Startup Heat Map below highlights the 10 healthtech startups you should watch in 2023 as well as the geo-distribution of all healthtech startups & scaleups we analyzed for this research. Based on the heat map, we see high startup activity in the USA and Europe, followed by India. These healthtech startups work on solutions ranging from chronic disease management and digital CO2 monitoring to mental health treatment and skin cancer diagnosis.
As the world’s largest resource for data on emerging companies, the SaaS platform enables you to identify relevant technologies and industry trends quickly & exhaustively. Based on the data from the platform, the Top 5 HealthTech Startup Hubs are in New York City, London, San Francisco, Bangalore, & Mumbai. The 10 hand-picked startups highlighted in this report are chosen from all over the world and develop solutions for chronic disease management, bloodstream infection detection, mental health treatment, and cryosurgery instruments.
10 Top HealthTech Startups to Watch in 2023
The healthcare industry is rapidly evolving and with the integration of new technologies, we expect significant changes in the upcoming years. As we stand in 2023, there are several emerging technologies and trends that are shaping the healthcare sector. These top trends include chronic disease management, healthcare data management, bloodstream infection detection, and digital CO2 monitoring. Other innovations improve mental health treatment, cryosurgery instruments, quantitative recovery feedback, skin cancer diagnosis, low-intensity pulsed ultrasound, and AI-based health assessment. They are transforming the healthcare landscape by providing better patient outcomes and improving overall healthcare delivery.
- Dignifi Health – Chronic Disease Management
- iluminai health – Healthcare Data Management
- Brainiac Healthcare – Digital CO2 Monitoring
- TuCann Medical – Bloodstream Infection Detection
- Head Habitat – Mental Health Treatment
- Medical Technology Solutions – Cryosurgery Instruments
- T’ena Health Technologies – Quantitative Recovery Feedback
- AI Medical Technology – Skin Cancer Diagnosis
- Sound Wave Technology – Low-Intensity Pulsed Ultrasound
- IntelliProve – AI-based Health Assessment
Dignifi Health simplifies Chronic Disease Management
US-based startup Dignifi Health develops population health management software to manage chronic diseases. Its solution DignifiEngage uses proprietary care software to extract patient data from multiple electronic medical records (EMR). It guides patient engagement and actions with intelligent care workflows. The chronic disease management software also stratifies patient risk, features advanced clinical reporting, and geolocates patient populations by combining clinical with geospatial analysis. Dignifi’s solution serves as a clinical decision support tool that also simplifies and streamlines healthcare workflows, reducing the burden on healthcare workers.
iluminai health streamlines Healthcare Data Management
Dutch startup iluminai health makes an orchestration platform that exchanges data between healthcare systems. The no-code platform utilizes the fast healthcare interoperability resources (FHIR) standard and also adopts national standards like Dutch MedMij and NHS Digital’s Careconnect. It also functions on devices or applications based on major databases like SQL, standardized messages (HL7 V2/CDA/FHIR, DICOM), or web application programming interfaces (APIs). iluminai health’s solution securely connects, stores, and analyzes healthcare data from disparate electronic health record (EHR) systems.
Brainiac Healthcare enables Digital CO2 Monitoring
Indian startup Brainiac Healthcare creates a medical device that monitors patients’ CO2 levels. The startup’s product, RespiCOz, measures the health status of a person’s lungs by the amount of CO2 emission from them. Further, the advanced CO2 monitoring device is low-cost and low-maintenance. This way, Brainiac Healthcare’s CO2 monitoring device makes it easier for doctors and physicians to monitor lung health.
TuCann Medical advances Bloodstream Infection Detection
Australian startup TuCann Medical offers a cannula that reduces the risk of bloodstream infection. The startup’s solution protects the cannula during insertion and maintenance, which are the most common sources of infection. It also removes the need for medical professionals to cart around a cannula trolley set up a sterile field or prime a needleless connector. Thus, the solution prevents bloodstream infections and results in faster cannulation experiences, minimizing patient distress.
Head Habitat aids Mental Health Treatment
Israeli Head Habitat optimizes mental health treatments using objective and accurate patient data. The startup’s value-based treatment approach uses data from 81 passive smartphone data sources and sensors. It then establishes correlations and analyzes mental well-being. Additionally, it features continuous feedback on treatment progression with real-time reporting on mental health change. Besides, Head Habitats AI treatment algorithms enable healthcare providers to offer personalized treatments to better manage their patient’s mental health issues.
Medical Technology Solutions makes Cryosurgery Instruments
Medical Technology Solutions is an Egyptian startup that manufactures high-performance cryosurgical instruments. The startup’s product, FREEZPEN, is an instrument for intensive use and treatment of large and deep skin lesions. It efficiently removes benign skin lesions. The instrument quickly removes tissues through its high-power (50-55 bar) microjet, achieving an in-tissue temperature of -89°C. Moreover, the highly precise ultrafine sharp jet enables treatments with no pain, cuts, bleeding, or anesthesia. It leaves no scarring with frozen tissue disappearing in a few weeks.
T’ena Health Technologies enables Quantitative Recovery Feedback
T’ena Health Technologies is a US-based startup that develops kinematic sensor technologies to improve physical therapy. Its solution, T’ena System, leverages mobile and wearable technologies to ensure that patients remain compliant with their care plans. The wearable sensor uses an inertial measurement unit (IMU) and advanced signal processing algorithms to measure and analyze upper limb movements. This data allows the mobile app to create personalized rehabilitation programs and track patient progress through statistics and visualizations. Moreover, the app identifies movements performed by impaired and unimpaired limbs of acquired brain injury patients.
AI Medical Technology advances Skin Cancer Diagnosis
AI Medical Technology specializes in fast and accurate diagnoses for all types of skin cancers. Its AI-powered diagnostic solution, Dermalyser, classifies skin cancer, such as malignant melanoma, using image analysis and deep learning. Dermalyser’s AI algorithms training is based on quality-controlled dermatoscopic images of patients’ skin lesions, together with associated patient data. Moreover, it works on any mobile device with images of suspicious skin lesions securely uploaded with patient details for AI analysis. Moreover, it reports back malignancy risk in real-time. This reduces the chances of missing melanomas and the need for unnecessary skin excisions.
Sound Wave Innovation develops Low-Intensity Pulsed Ultrasound
Sound Wave Innovation is a Japanese startup that creates sound therapies to enhance self-healing. The startup’s Low-Intensity Pulsed Ultrasound (LIPUS) technology irradiates ultrasonic waves (250mW, 32 waves) on vascular endothelial cells (Caveolin-1). This leads to upregulating both vascular endothelial nitric oxide synthase (eNOS) and vascular endothelial growth factors (VEGF). Besides, the startup’s Shock Wave Ablation Catheter System (SWCS) utilizes a non-thermal process to converge shock waves to the arrhythmia source for treatment. LIPUS finds applications in enhancing angiogenesis in ischemic tissue. It also induces spontaneous improvement of microcirculatory disorder for both severe angina and mild dementia.
IntelliProve provides AI-based Health Assessments
Belgian startup IntelliProve provides AI-based health assessments through face analysis. The startup’s software utilizes smartphone cameras and a processing engine to measure health and well-being biomarkers from a person’s face without contact. The algorithm in the processing engine identifies minute changes in color, facial expressions, and other visual cues to track health status. IntelliProve’s optical algorithm also uses computer vision to search for regions in the face with high blood perfusion for digital biopsies. This way, the startup’s solution promotes telemedicine through remote measurement of biomarkers while collecting health data.
Discover All Emerging Healthcare Startups
The HealthTech startups showcased in this report are only a small sample of all startups we identified through our data-driven startup scouting approach. Download our free Healthcare Innovation Report for a broad overview of the industry or get in touch for quick & exhaustive research on the latest technologies & emerging solutions that will impact your company in 2023!