The past year has been a struggle for thousands of businesses, but the same can’t be said for health tech companies. While many sectors and industries have suffered as a result of Covid-19 induced national lockdowns, health tech has boomed as investors turn to the sector for financial security and reliable growth. The result for health tech companies is high demand and unprecedented growth.
As is the case with most industries, currently there are several big fish health tech companies that dominate the industry landscape, these include Babylon, Lumiradx, and Zava. These businesses have secured millions through investment and are truly transforming the heath tech landscape for the better. However, they are not solely responsible for innovation among health tech companies. There are thousands of smaller start ups all making a big impact and innovating life saving tech.
Here are our top five health tech companies to watch:
Forth is a Welsh based health tech company trying to help optimise people’s health and wellbeing through personalised biomarker profiling. Users receive an at-home blood test which they return to the lab by post. Results are then delivered to a smartphone or desktop app where users can read all about their different biomarker levels and what this means in terms of their health. The app also gives useful details about how users can change and alter their lifestyles in order to improve their levels and health, reducing the chances of common ailments and major health problems like obesity, heart failure, and diabetes. Forth offer a range of tests varying from female hormones to mental health.
Headspace is a smartphone app founded by Andy Puddicombe. Andy started out by studying Sports Science as a degree but cut it short to become a Buddhist monk where he remained for over 10 years. Eventually, he was ordained at a Tibetan monastery in the Indian Himalayas before returning to the UK to spread his teachings of meditation and mindfulness. He then set up a meditation consultancy and began working with politicians, athletes, and business leaders, before meeting his business partner, Rich. Together, they launched Headspace, which helps users use meditation practices to reduce stress, improve sleep, increase focus, and improve relationships. This has an amazing knock on effect for people’s health.
3. Pando health
Pando is a UK based clinical messaging system and app. They are innovating tech for teamwork and secure collaboration within clinical settings by equipping medical teams with features specifically made for them, including secure messaging, image capturing and patient lists. The main difference between Pando and their competing health tech companies is that this platform is designed specifically for health and social care workers based on existing and dynamic problems. Their system is literally revolutionising health care and pulling it out of the days of bleepers and switchboards.
4. Span Health
Span Health is a health tech company who are focussing on preventative care and recovery through nutrition. Their app gives users a direct line to first-class clinicians and specialists who you can talk to through video messages to give you the advice you need to thrive. They are committed to long term health care in a reimagined way, making them an innovative breakthrough for healthcare.
iamYiam is one of the more radical health tech companies and has launched a truly innovative personal assistant called Syd. Syd helps users to make healthy decisions by using predictive population analytics and AI to predict and advise what lifestyle choices users should make. Syd works on a machine learning and risk mitigation model to understand, manage and act upon users’ health journeys. iamYiam claims to have enhanced the management of health risks such as cardiovascular disease, stress, mental health conditions and musculoskeletal disorders for people in 32 countries as well as improved their quality of life by up to 61%. Keep an eye on this innovative health tech company.
If you’re a health tech company looking to get a headstart – Get in touch with us today.