Despite the challenges caused by Covid-19, 2020 was still able to push the uncertainties of the pandemic to a certain level.
Moreover, these uncertainties have also pushed healthcare to a new height. And healthcare startups have played a key role in handling the outbreak well.
In the last year, digitization efforts have been accelerated, virtual care delivery has been widely adopted, and this has urged healthcare providers to look for opportunities in the challenges.
However, the Covid-19 vaccines have arrived but much of 2021 and 2022 looks the same as the year before, keeping health in the spotlight and driving significant funding in space.
And in the age of competition, it is a must to be one step ahead of your competitors. Hence, we have reviewed and selected the top 20 healthcare startups to watch in 2024.
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Among all the health startups, any healthcare startup can be the next big thing with whom you want to collaborate and expand your business. Healthcare startups are leveraging promising AI-driven technology to help healthcare providers to offer targeted healthcare services to save millions of lives.
With new-age technologies like Artificial Intelligence, Machine Learning, Robotics, IoT, and Big Data, Medical Science revolutionizes the healthcare industry.
We have listed these healthcare startups based on their location, foundation year, and specialization.
Let’s dive into detail.
1. HealX
Year Founded: 2014
Location: Cambridge, UK
Website- https://healx.io/
HealX is an AI-powered healthcare startup that is making drug discovery faster, smarter, and their team is discovering and transitioning new treatments for rare diseases.
The HealX company is using a rare treatment accelerator program that connects academic, patient, and industry group and quickly turn your research & insights, clinical ready repurposing assets into treatment that benefit rare disease patients.
Besides, HealX also owns the world’s largest most complex rare disease database called HealNet.
For example- the company was able to make one drug FragileX in less than 18 months making it up for clinical trials that took less than 80% of the time taken by manual drug manufacturing.
2. Alector
Year Founded: 2013
Location: San Francisco, USA
Website- https://alector.com/
The main aim of this healthcare startup is to eliminate neurodegeneration through patient immuno-neurology.
Alector combines the state of art antibody technology with recent discoveries to combat neurodegenerative diseases. In layman’s language, it is a therapeutic approach that harnesses the body’s immune system to combat devastating diseases.
And this healthcare startup is also developing novel therapies for Alzheimer’s disease, neurological disorder, and enabling the physician to harness the immune system to fight these diseases.
At present company is developing antibody therapy that could prevent neurodegeneration.
3. Verge Genomics
Year Founded: 2015
Location: San, Francisco, USA
Website- https://www.vergegenomics.com/
Verge Genomics is another startup that is developing next-generation medicines from human genomics.
And the company does all this by taking a patient data-driven approach to unlock a whole spectrum of therapies that have escaped the traditional drug discovery.
Every year almost 1.3 billion dollars are spent on FAD and R&D on testing dug that don’t work. But, Verge Genomics employs a unique approach the leverage AI to determine which drug has a higher rate of success.
This approach also enables the pharma manufacturers to determine which drug to advance through the FDA process and which drug to be abandoned.
4. Embleema
Year Founded: 2017
Location: New York, USA
Website- https://embleema.com/
Embleema is a HIPPA compliant healthcare blockchain network that allows patients to share their medical records with researchers and scientists in real-time.
This healthcare startup has employed virtual’s trial and regulatory analyst established data network for faster research and regulatory reviews. And the patients who are are sharing their data can be paid in cryptocurrency in exchange for sharing their medical data with researchers.
Besides, Embleema is also working with NYU Langone on human epilepsy project to find a cure for the disease that is affecting over 2.4 million Americans.
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5. K Health
Year Founded: 2016
Location: New York, USA
Website- https://khealth.com/
K Health is a unique healthcare startup that collects anonymous information from users about their medical backgrounds and chronic conditions.
In this way, it analyzes the data taken from thousands of patients and then uses artificial intelligence to provide people with insights and tips on how to better manage their medical conditions.
Any patient can check in on the app to see a list of potential diagnoses. Apart from this, users also get the option to connect with appropriate specialists in their local area. This database is a game-changer for hundreds of people all across the world.
6. Prognos
Year Founded: 2017
Location: New York, USA
Website- https://prognoshealth.com/
Prognos is one of the healthcare startups that evolves the way you access, manage, and apply patient-centric insights. This platform aggregates normalizes and provides clinical interpretations of diagnostic data using HIPAA- compliant structure.
And it is also cross-linkable to claims data & prescriptions. Prognosis leverage artificial intelligence for clinical algorithms across 30 conditions to provide early disease detection, clinical trial opportunities, indicate risk, and reveal care gaps.
By employing this approach, Prognos alerts the patient to get the best and early treatment possible, improve case management, and speed advances in clinical studies.
7. Benevolent AI
Year Founded: 2013
Location: London, UK
Website- https://www.benevolent.com/
BenevolentAI is one of the healthcare startups that is working on producing medicine for the diseases that are going untreated. And this platform is making this possible by combining drug discovery with proper patients.
It is developing medicines for incurable diseases such as motor neuron diseases, Parkinson’s disease, sarcopenia, and more. Until present this platform has provided around 20 drug programs and now this platform is looking to innovate in other experts such as advanced materials, agriculture, and energy storage.
8. Hu-manity. co
Year Founded: 2018
Location: Princeton, USA
Website- https://hu-manity.co/
This healthcare startup is promoting the privacy of customers without affecting the way they are doing business. The company aims to create a new decentralized human right using proprietary technology on the top of a blockchain to enable users to sell their data for marketing and research purposes.
Apart from this, the company has also developed an app through which a user can create his profile searchable by pharma researchers who are looking for specific people for their clinical trials. And it also enables users to be paid for their data within the app without any privacy breaches.
9. Prellis Biologics
Year Founded: 2016
Location: San Francisco, USA
Website- http://ww38.prellisbiologics.co/
Prellis Biologics is the healthcare startup that has built the holographic 3D laser technology that makes the production of lab-grown, biocompatible human organs and tissue possible.
This platform enables the scientist to build complex vascular tissues in the laboratory that improves the research and development of novel therapeutics to reproduce an organ from a patient’s cell itself.
10. Paige.AI
Year Founded: 2018
Location: New York, USA
Website- https://www.paige.ai/
Paige is leveraging the information from thousands of pathogen slides to change the clinical diagnosis and treatment of cancer.
This platform is using a deep learning algorithm, neural network, and generative models that are capable to learn efficiently from clinical and visual data. At present, Paige is developing disease-specific modules to fasten these processes.
Apart from this, it enables medical professionals to accurately assess and plan the treatment procedure.
11. Tempus
Year Founded: 2015
Location: Chicago, USA
Website- https://www.tempus.com/
Tempus is another healthcare startup that collects data from previous patients to serve the upcoming patients.
This platform has built the world’s largest library of molecular and clinical data along with an operating system that enables easy access to data.
By using this platform both doctors and researchers can use this collection to better assess and plan the treatment of diseases. At present, the company has data over 3.5 million patient records of the oncology database.
12. Neo Light
Year Founded: 2014
Location: Scottsdale, USA
Website- https://www.theneolight.com/
Neolight is a healthcare startup that has created new empathetically designed baby-centered devices to treat infants with life-threatening diseases.
The first product made by this healthcare startup is Skyline Phototherapy, which is a portable high-density blue light-emitting device to treat neonatal jaundice.
This device can adjust light intensity, provide uniform light coverage, and emit virtually no heat. Apart from this, it is easy to transport in incubators and bassinets.
13. Onkos Surgical
Year Founded: 2015
Location: Parsippany, USA
Website- https://onkossurgical.com/
Onkos Surgical is a privately held healthcare startup that is specifically designing surgery solutions for cancer patients. This platform has employed a Surgical oncological research team that collects functional, psychological, and oncological outcomes of surgical musculoskeletal and other cancer treatments.
At present, the company is also looking for 3D technology to prepare surgeons for cancer treatments. Onkos Surgical is committed to advancing innovation that will impact the lives of patients with better healthcare services.
14. Freenome
Year Founded: 2014
Location: San Francisco, USA
Website- https://www.freenome.com/
Freenome is a healthcare startup that aims to “ spot the pattern, treat cancer”. This platform is connecting people with next-generation blood tests for early cancer detection powered by a multi-omics platform.
It uses a simple blood test run through an AI genomic platform to measure cell-free biomarkers, and circulating protein that detects the sign and presence of cancer. By giving the early cancer detection site, allows medical professionals to assess and treat cancer at ease.
15. Green Sun Medical
Year Founded: 2013
Location: Fort Collins, USA
Website- https://greensunmedical.com/
Green Sun Medical is developing a comfortable treatment that addresses adolescent idiopathic scoliosis and Kyphosis.
At present, this platform is in the process of designing a dynamic orthotic that could aid in correcting spinal deformities.
Apart from this, the main mission of Green Sun Medical is to provide more effective, better, braces for patients with scoliosis.
With its slim and unique design, Green Sun medical leveraging the technology help to provide confidence to their patients for comfort treatment.
16. Flatiron Health
Year Founded: 2012
Location: New York, USA
Website- https://flatiron.com/
Flatiron Health is using anonymized data from patients, laboratories, research repositories, and payer networks to provide a major source for cancer medical research. It is a healthcare startup that works as a technology and service provider.
By using its massive Oncono cloud database, this platform enables the researcher to improve their treatment procedure, clinical results, clinical trial management, and others. In this way, Flatiron Health is accelerating cancer research and improving the quality of care of your patients.
17. Bay Labs Inc
Year Founded: 2014
Location: San Francisco, USA
Website- https://captionhealth.com/
This healthcare startup is combining deep learning with cardiovascular imaging to improve the assessment and treatment of cardiovascular diseases. By leveraging technology, Bay labs train more medical professionals about how to effectively perform well and interpret echocardiograms.
Bay labs aim to provide better healthcare and patient service in the treatment of heart disease. It is one of the healthcare startups that has been recognized as one of the most promising AI startups in the social impact category of NVIDIA’s inception competition in 2017.
18. Higi
Year Founded: 2012
Location: Chicago, USA
Website- https://www.higi.com/
Higi is a personalized healthcare management and data tracking platform that help you assess your medical conditions.
This platform is capable of measuring all the vital signs at more than 11000 wheelchair-accessible stations in grocery stores, pharmacy and others. By using this platform, the information can be stored, tracked online, and transmitted to a trusted healthcare professional. Apart from this, users can join communities for support in health management, such as weight loss or improved exercise routines.
19. Univfy
Year Founded: 2009
Location: Los Altos, USA
Website- https://www.univfy.com/
This healthcare startup is using machine learning and proprietary technology to make the process, and cost of IVF treatment more transparent. By providing this platform, the patients can also relocate reputable practitioners, and funding for this expensive procedure.
Clients can enter profile data through a portal and quickly receive a free personalized IVF report explaining the likelihood of success, estimated costs, and more. With this platform, anyone can access the website to locate a practitioner service.
20. Health Crowd
Year Founded: 2011
Location: San Mateo, USA
Website- https://www.healthcrowd.com/
Health crowd is an end-to-end engagement platform that provides support for healthcare organizations interested in unifying, automating, optimizing, multiple forms of communication to deliver excellent patient care. It provides a solution combining healthcare expertise and ad analytics.
The main focus of this platform is to engage patients, improve quality, clinical, and financial care outcomes. Apart from this, this platform employs different categories and channels such as text, email, voice, and nano site to drive members to action.
With this integrated healthcare data, companies can map out their decision, identify the total addressable market, and access the contact data of buyers and decision-makers. Healthcare data set to supercharge your search and help you sell your product to hospitals, physicians, and healthcare insurance companies.
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