8 Types of Categories for Healthcare Unicorns
There is quite a number of categories a successful rich-funded company could be involved in.
Billions of VC-money are spread across various categories and divisions of healthcare business: from telehealth to imaging for diagnostics. Let’s dive into the categories to receive more details.
Design, discovery, and future development of digital therapeutics are the main activities presented in this category.
Intarcia Therapeutics claims that it is dedicated to redesigning the treatment of chronic disease. The medical tech company designs a drug delivery device that could be used for monitoring chronic diseases and contribute to its treatment. The device is being placed under the skin of the patient.
Roivant Sciences are also into drugs invention. They manufacture therapeutics that help people battle with severe conditions, like Parkinson’s disease, or diabetes.
The number of companies in this sector is the biggest as you can see from the picture above.
Wearables & Devices
This is easy to break down. The companies in this category are producing devices for medical care, such as rehab and recovery, for instance.
Mindmaze positions itself as a neurotechnology company. They are developers of VR medical device system that contributes to neuro-rehab therapy programs of the patients
Orcam is a tech giant with the products that help blind and bad-sighted people recognize other people’s faces, or read by vocalizing written texts
Big Data & Analytics
The name of the category is self-explanatory: the companies presented here are collecting data and make insightful analyses of it.
Tempus is a tech company that possesses the world’s largest library of clinical and molecular data, and an operating system to make that data accessible and useful. That enables physicians to make real-time, data-driven decisions to deliver personalized patient care.
Likewise, Linkdoc Technology is a Chinese company that works with cancer patients and their clinical data.
Companies in this space the developers if digital platforms to deliver affordable health products to consumers.
Hims is a men’s health startup. Smile Direct Club is focused on teeth alignment products.
Imaging & Diagnostics
Quite a number of startups in this category. Usually, the possess data platforms that enable detecting diseases.
Startups here are combining medical imaging tech, data platforms, and tests to diagnose and detect diseases.
Grail is focused on cancer prevention: they use computational algorithms to develop population-wide blood tests to help detect early-stage cancer.
HeartFlow is a diagnostics startup that uses CT scan data to analyze the impact that blockages could have on blood flow.
Capturing, sequencing, or analyzing genetic data is the main focus of the companies
Oxford Nanopore Technologies claim that their goal is to enable the analysis of any living thing, by anyone, anywhere. They are an England-based biotech company that offers that offers DNA sequencing technology.
Insurance & Drug Pricing
These companies are using software techto deliver insurance and drug price information directly to consumers using online platforms.
Oscar Health is the brightest representative of such a company – it is an online direct-to-consumer insurance company that provides access to on-call doctors and health management applications.
Providers & Concierges
Startups that operate in this sector produce online portals to connect patients and physicians to health facilities and services.
Medlinker is a Chinese mobile social networking platform for physicians to connect over and discuss treatment measures for various medical cases.