Health Tech's Defining Decade

The U.S. healthcare industry is an immense market with spending reaching $4.9 trillion (17.6% of GDP) in 2023. While healthcare provides disruptors and innovators with a compelling opportunity to address its complexity and fragmentation, the “health tech” sector only recently emerged to drive change using technology and novel solutions.

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As we reflect on the last ten years, it’s clear that health tech has evolved from basic digitization to a transformative force in healthcare, driven by strong growth, operational efficiency, and increasing market maturity. Our goal in this report is to comprehensively demonstrate the trajectory of health tech as a recently emerging sector, as well as compare the sector’s performance against the backdrop of both the broader venture market and more established sectors.

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While health tech has experienced rapid change over the last few years, it is increasingly defined by scalability, efficiency, and sustainability — and poised for significant growth in the years to come.

Download the full report here.

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