The world is getting older — the percent of people worldwide aged 65 and over is expected to increase from 8.5% in 2016 to 17% in 2050. As the world continues to age, the health industry will become of the utmost importance. Investors have noticed this fact. Total funding in health tech startups has nearly doubled in the last year increasing from $12.2 billion in 2017 to $22.8 billion in 2018. Startups are disrupting the health industry with technology that improves people’s physical and mental health as well as makes our current healthcare system more efficient. In this article, part one, we will reveal top consumer health startups. In part two, releasing next week, we will delve into startups focused on enterprise health tech and information technology.
Top 10 Consumer HealthTech Startups
AdhereTech developed a smart pill bottle that alerts patients when they have to take their medication via automated phone notifications and keeps track of usage as well as dosage. If the system notices prolonged non-adherence, it can solicit feedback from patients via text or phone call to immediately understand the reasons for non-adherence, and intervene accordingly.
2. Live Better With
Live Better With makes everyday living a little bit better for the millions of people living with cancer all over the world. With the input of the cancer community, Live Better With has handpicked products that help ease symptoms and side effects, and improve the quality of day-to-day life. Live Better With groups all their products by how some someone might be feeling (e.g., “Feeling sick” or “Can’t sleep”), so it’s very easy to discover all the relevant and helpful things that have worked for others with the same needs.
CliniCloud developed stethoscopes and thermometers that enable consumers to check their own vitals, with no skin contact required, and have a doctor access them via the cloud. CliniCloud brings the modern physician a tangible and simple way to extend the reach of their practice, and deliver care to their patients after hours or remotely.
Calm offers a collection of guided meditations and relaxing scenes and sounds to help users sleep, relax, and find a few moments of calm anywhere, any time of day. In an increasingly hectic, fast-paced world, its goal is to provide a sanctuary from stress and to help people experience the life-changing benefits of regular meditation.
Feel is a wristband for emotional tracking. The integrated sensors on the wristband measure and track biosignals throughout the day, while the mobile application visualizes the results and provides personalized recommendations to improve emotional health.
Apricity brings together the best in medical excellence, human care, and advanced technology to tailor fertility journeys. The app clearly maps out appointments, medications, and other information to create key milestones. And, one step further, Apricity provides a resource library with educational videos so that clients feel informed.
Birdie is reinventing care so that older generations can age safely in their own homes. Birdie utilizes digital products to support the elderly along with their care professionals and families. For example, connected sensors in the home can detect incidents, such as falls or wandering and notify the necessary people to provide support.
8. Chrono Therapeutics
Chrono Therapeutics developed the world's first programmable and wearable smoking cessation therapy where the user can set up a time to start administering nicotine. Based on past start times, the device releases nicotine in a controlled amount at different intervals of time (rather than continuously), throughout the day over a 10-week period. The drug delivery system is coupled with real-time behavioral support therapy via the connected smartphone app.
TapGenes helps people live longer and healthier by better understanding ‘what runs in the family,’ so they can start the cycle of prevention and make informed decisions about their family's health. The technology platform provides a number of in-depth analyses on health history taking into consideration major life events, family history, and medical records. A problem with the current diagnosis process is that symptoms often match multiple conditions. One of the quickest and most cost-effective ways to find a potential answer is looking at what is common to your family, which is where TapGenes comes in.
TelaDietitian creates specialized nutrition plans for a range of health conditions via their HIPAA compliant video, chat, and phone portal with nutrition therapy consultants. TelaDietitian aims to eliminate the barriers of cost, convenience, and access to the nutrition care patients need.
Innovation in HealthCare
Healthcare is on the heels of breakthrough innovation. Technology can help better medical devices, treatment plans, healthcare delivery, preventative care, and information efficiency. Now is a time for government agencies, corporations, and startups to come together to transform our healthcare system.
Could a health tech startup help to bring efficiency and innovation to your organization?
RocketSpace's experienced Corporate Innovation Services team can help you identify potential ways in which a health tech startup can transform your business as well as find the perfect startup partner to accelerate your innovation efforts. For healthcare organizations and corporations interested in learning more about how they can be an integral player in the future of healthcare contact RocketSpace's corporate innovation services team.