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for the Healthcare Industry

The Global Healthtech Startups to Watch in 2023

The healthcare industry is constantly digitising and incorporating AI into its existing systems to increase efficiency and improve patient care.

One of the trends emerging in healthcare is new startups coming up with new tools such as Artrya and MedWand. Some global health tech startups are disrupting the healthcare ecosystem by coming up with technologies that result in better patient care at a comparatively lower cost, which is one of the major concerns of healthcare.

  1. Babylon Health

Babylon Health, a UK-based firm, is one such AI-powered health tech startup that offers the services of personalised health at an affordable price. Babylon offers virtual clinical operations to patients who are connected to healthcare professionals either through the web or mobile. One of the key features of this startup is that it is available universally. The startup helps around 20 million people and provides 5000 consultations per day. Similar to text messaging, users can send queries or images to the company’s staff of medical experts, which consists of doctors, nurses, and therapists. Users can also get recommendations for medical professionals, have their prescriptions for medications shipped to them or forwarded to a pharmacy, and speak with therapists about issues like depression and anxiety.

2. MindMaze

MindMaze, a Switzerland-based healthcare startup, is famous for being a digital neurotherapeutics behemoth. MindMaze provides a platform for neurorehabilitation to individuals who have suffered severe brain trauma as a result of a stroke, injury, or other such accidents. This platform operates in more than twenty countries by providing smooth digital assessments. MindMaze is primarily a collection of virtual reality products overseen by medical professionals that assist patients in regaining brain function and adjusting to a more or less normal way of life. It’s most frequently used in patients recovering from strokes, Alzheimer’s, and Parkinson’s disease, as well as individuals with other phobias.

3. Paige

Paige is an AI-powered diagnostic platform mainly created to assist medical professionals in making more informed and efficient decisions. This cost-effective diagnostic platform is user-friendly and made to support the privacy and safety of patients. It is the first business in its industry to achieve the FDA’s breakthrough designation. This cost-effective diagnostic platform is user-friendly and made with patient privacy and safety in mind. It is the first startup in its industry to achieve the FDA’s breakthrough designation.

4. Modern Fertility

Modern Fertility, a female-focused startup, has innovated access to fertility. By developing a straightforward at-home test, Modern Fertility is transforming how women can receive fertility hormones. Women can take a fertility test in the convenience of their home after consulting with a doctor to see if one is required. Results appear on the app on any smartphone, providing women with trustworthy healthcare at reasonable costs. This San Francisco-based startup was created to combat the issue of expensive and inaccessible resources for female fertility testing. Co-founders Afton Vechery and Carly Leahy developed this startup in 2017, and it is one of the major disruptors in the health ecosystem.

5. Intellect

Founded in 2019, Singapore-based startup Intellect is an innovative platform that seeks to support the mental health of workers in Asia. To combat the issue of burnout and low productivity, this platform allows people to seek advice and therapy from licenced behavioural coaches or psychologists. On the platform, there are also self-guided experiences that people may use to better manage their diseases or understand their mental state. This platform helps thousands of people to maintain their mental well-being.

6. Tempus

Tempus is an AI-sponsored data analytics platform that anticipates speeds up, identifies, and diagnoses multiple illnesses and ailments. Thanks to technology, doctors may now locate fresh targets, life-saving clinical trials, and diseases earlier than ever. The information may potentially make it simpler for doctors to provide patients with improved odds before they begin treatment. Tempus improves the precision of the diagnosis. The business has recently initiated working with academic medical institutions around the US for their new Tempus N+ programme, which seeks to enhance mental health treatment solutions using real-world data.

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