Health Tech Investment Trends: Beyond E-Pharmacy and Diagnostics
Health Tech Investment Trends
Health tech investors are shifting focus from traditional sectors such as online pharmacy and diagnostics. New investment avenues have emerged, particularly in cross-border tech providers servicing the international healthcare industry and single-specialty healthcare platforms tailored for chronic conditions.
Emerging Investment Opportunities
According to Namit Chugh, Partner at W Health Ventures, a shift towards vertically integrated solutions is critical. These include:
- Doctor appointments
- Care plans and coaching
- D2C products targeted at specific diseases
- Diagnostic tools for comprehensive care
This comprehensive approach captures the complete lifetime value of patients suffering from chronic illnesses like diabetes and obesity.
Market Impact
Despite a total of $7.6 billion raised by Indian startups in 2023, only $931 million was directed towards health-tech ventures. Recent significant funding milestones include:
- Qure.ai raised $65 million in Series D funding, focusing on AI medical imaging.
- Acko acquired chronic care platform OneCare.
This trend indicates that investors are actively exploring avenues in clinical process outsourcing and trials, as well as the potential for administrative services to be managed from India.
W Health Ventures is prepared to capitalize on this opportunity, leveraging its investments in startups such as BeatO, Mylo, and AI-guided mental health platform Wysa.
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