2022 North America Health Tech 200

Research is the strongest performing sub-sector in this year’s list, as BioTech and precision medicine attracts funding as digital health market constricts.

The 2022 North America Health Tech 200 is mapped to the HolonIQ Global Healthcare Landscape, an open-source taxonomy for the future of health and wellness. Compared to 2021, the 2022 cohort is much more weighted towards research - with nearly half of all organizations focused on clinical breakthroughs (compared to 24% in 2021).

Exhibit 2

The 2022 cohort also reflects a greater focus on the early diagnosis of conditions and the management of healthcare data at a system level. Many of the organizations in the 2022 list have raised capital over the past 12 months by bringing to market new models of data analytics based around machine learning and artificial intelligence. Start-ups such as Viz (focused on how healthcare data is represented to patients), Owkin (bringing data analytics to oncology and other forms of personalized medicine) and Innovaccer (a healthcare data activation platform) are all bringing fresh approaches to what can be achieved through analytics. Elsewhere in the North America Health Tech 200 the last 12 months has seen a continued focus on prevention and wellness, with organizations such as Brightline (virtual behavioral and mental health care), Well (wellness engagement platform) and Hello Heart (cardiovascular digital health) all performing strongly.  

Exhibit 3

2022 cohort represents younger firms than prior year as the impact of  the pandemic is felt across the healthcare landscape.

2021 was a record-setting year for digital health funding with many tech-led businesses benefitting from the rapid adoption of platforms that powered remote treatment during the Covid-19 pandemic. While valuations and growth plans have been difficult to maintain since the peak of the market, the Covid-19 period has fundamentally changed attitudes towards healthcare and technology. This is reflected in some of the newest and fastest growing organizations in 2022 North America Health Tech 200. Despite being founded less than three years ago the following four Health Tech organizations on this year’s list have already achieved Unicorn status: Cadence (remote patient monitoring), Cerebral (mental health telemedicine), SalioGen Therapeutics (genomics), Transcarent (bookings & referrals). 

To view the comprehensive list of Global Health Tech Unicorns click here. 

Exhibit 4

Mix of Direct-to-Consumer, B2B2C and B2B remains similar from 2021 to 2022.

The 2021 and 2022 cohorts track similarly in terms of how start-ups have positioned their business models, with the respective lists moving only slightly over the past 12 months.  

Exhibit 5

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Track the 2022 Cohort

HolonIQ customers can track the data for the most promising Health Tech startups in North America on the HolonIQ Intelligence Platform. Request a Demo if you are not a customer and would like to learn more.

Exhibit 6