Health Tech
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Market Players
The Rise of AI, Wearables, and Holistic Health in a Transforming Global Market
We observed the rise of AI, telehealth, and feverish distribution of GLP-1 medications for weight management. In addition, wearable devices’ advanced monitoring capabilities enable remote and proactive care management. AR and VR are increasingly used to improve patient treatment, education and engagement. Enhanced AI-diagnostics further boost result accuracy, personalised user experience. Investment interest strengthened through the year – capital deployed from VC and Private Equity, M&A deals done and health tech funds raised. The global health-tech market is projected to reach $660 billion by 2025, growing at a CAGR of 24% – Satista. The future continues to see health, fitness and wellness merging – Peloton offering physical and mental health assessments/partnerships, Noom combines psychological principles with weight management, focusing on behavioural change while integrating fitness tracking and health data.
Tushar Vashisht
Co-Founder & CEO
HealthifyMe
After delivering outcomes at scale in India with our unique blend of AI and human coaching, we’re thrilled to bring this approach to the US, the world’s largest health and fitness market. With this funding ($45M in May 2024), we’re one step closer to achieving our mission of putting a high-acuity health coach in every person’s pocket.
As the health and wellness space explodes from wellness clubs to all-in-one supplements, consumers are overwhelmed by choice—reinforced by mistrust of marketing and misinformation on the Internet. We anticipate that the driving force of future consumer decisions lies in social proof: real consumers sharing radically transparent views on their experiences of a service or product across social media. In doing so, consumers will cut through marketing and health-washing and embrace a new era powered by people.
Candice Chan
Co-Founder & Vice President
Zupe
Lim Wai Mun
CEO
Doctor Anywhere
AI has the power to transform the healthtech industry and improve healthcare for everyone. We’re already seeing AI being used in areas like diagnostic imaging, predictive analytics, and virtual health assistants, and I believe these applications will only continue to grow.
Phillip Mills
Founder & Executive Director
Les Mills International