GO OR NO GO #3
Is it worth investing in #HealthTech in 2021?
Key features 📊
The global healthcare market reached a value of nearly $8,452 billion in 2018, having grown at a compound annual growth rate (CAGR) of 7.3% since 2014, and is expected to grow at a CAGR of 8.9% to nearly $11,908.9 billion by 2022.
According to Gartner (2020), 79% of healthcare providers are already successfully employing IoT solutions.
Analysts expect Artificial Intelligence in healthcare to reach $6.6 billion by 2021 (with a 40% CAGR).
The Internet of Medical Things (IoMT) market is expected to cross $136 billion by 2021.
Analysts expect the healthcare wearable market to have a market volume of $27 billion by 2023 (with a 27.9% CAGR).
The IoT industry is projected to be worth $6.2 trillion by 2025 and around 30% of that market (or about $167 billion) will come from healthcare.
Analysts expect the global Medical Health Apps market to grow to $236 billion by 2026, reflecting a shift towards value-based care.
The projected global digital health market is estimated to reach $510.4 billion by 2026 (with a 29% CAGR).
$1tn The amount the global immunity wellness market is expected to grow by 2023
The problem🕵🏻♂️
Nobody was expecting to respond, in such a hurry, to such a pandemic like the coronavirus. The year 2020 was a breakthrough in many industries but to the health tech industry, it just turned processes around for Pfizer (and many others) from developing a new kind of mRNA vaccine for the coronavirus, guide it through clinical trials and get it out to the public in record time.
The solution it provides💡
Save lives.
Everything humans can imagine. From printing a liver for replacement, curing cancer, or improve immunity altogether.
The top actors 🔝
Anti-depression using psychedelics with Atai Life Sciences & Compass Pathways
The tech giants investing in the HealthTech industry, like any other: Elon Musk (Neuralink), Bill Gates (Ilara Health)
Proximie, UK startup improving the AR industry with remote surgeries
Pfizer of course. They commercialized the fastest vaccine against the Covid19, without even realizing that the virus could mutate thousands of times by the time the vaccine is officially covering 100% of the population.
Well-being. Consumers realized the value of sleep more than ever in 2020, as stress and anxiety brought on by the pandemic caused sleep patterns and healthy bedtime routines to suffer. Searches for ‘sleep yoga’ increased by 90% in 2020. Well-being will become a way to stress-bust, sleep-enhance routines into wellbeing rituals (thanks to Nike, Freeletics & virtual yoga on Youtube)
🇫🇷 Alan (digital insurance) revolutionized the industry’s well-being program. It’s worth a click.
COVID-19 is acting as a trigger for a sharp uptake of teleconsultations across European countries with Doctolib and NHS being the leaders. Countries that have established telemedicine ecosystems in place (public reimbursement, mature regulatory landscape, and governance among others) are more likely to maintain this uptake permanently beyond COVID-19.
Can you order your prescriptions at home instead of going yourself to the pharmacy (or drugstore)? Well, now, with Amazon and CVS, Walgreens, and Rite Aid
#BioTech + #Foodtech + #HealthTech = Ecommerce platforms such as Livehelfi (Nootropics, supplements, and food)
The small actors 🔜
Generally, there are no small actors in the HealthTech. It’s either big corporates and groups or a tech startup with a lot of cash to spend on, mostly on R&D (clinical trials, bring a vaccine into the market during a pandemic, cure cancer,…)
Some predictions 🔮
Genetic modifications: Pretty soon, we will be able to change the characteristics of any plant, animal, or micro-organism. Some say that the coronavirus was man-made to wipe out humanity.
Corporate wellness: 73% The percentage of global consumers say brands need a wellness strategy as part of their core mission. Some companies, like LVMH, have started incorporating wellbeing and mental health resources into their businesses.
AR for surgery: The UK based startup Proximie, which has developed an augmented reality tool to save lives by allowing senior surgeons to virtually climb into any operation theatre across the globe, has seen a 430% increase in surgeries this year. This technology can operate on 330M operation in a year, bring access to safe surgery to 5B people.
Year of Dr. Data: If 2020 was the year when video consultations with doctors finally became a generalized reality, 2021 is gearing up to be the year of data sharing between patients and their doctors - cf. Remote monitoring, teleconsultations.
Neurotechnology: From a chip in your brain (Neuralink by Elon Musk) to a headset on your head — there are a bunch of European startups that broke the boundaries in neurotechnology in 2020 and this growth may not stop in 2021.
Femtech: Five years ago the word “femtech” didn’t even exist. Today femtech — female-focused technology startups designed to support women’s health — is a major investment category. From CBD to saliva — these are the 22 femtech startups to know in Europe.
Sextech: A quarter of the world is now in coronavirus lockdown, with many people facing more ‘alone time’ than ever. The unexpected impact? Europe’s $30bn ‘sextech’ industry — made up of sex toys, apps, and services — is being boosted by those with idle hands and minds.
Better healthcare: For example, during the pandemic, the German government proved to the world that they can provide a better range of preventative healthcare solutions for Germans which tend to make people healthier and reduce medical costs long term.
Brain training: Are you in control of your sleep? Do you monitor your vitamin deficiencies through blood tests and iWatch? Do you follow up on your weekly exercise? This neurofeedback can save fight against anxiety, depression, attention deficits, behavior disorders, sleep disorders, headaches and migraines, PMS, and emotional disturbances.
EdTech: Fitness is a shoo-in to cash-in, with Lululemon’s $500m acquisition of MIRROR (live-stream screen tech that can ‘turn any space into a personal fitness studio’) proof of the direction. It’s yet to confirm how it’ll be deployed beyond “strengthening our community, loyalty and our relationship with our guests and memberships” (chief executive Calvin McDonald) but super gym Equinox offers one likely template: instructors on its members-only fitness app wear clothing from its store, tagged with e-commerce links for post-class shopping.
GO or NO GO?
(The opportunities it represents 💰)
Science cannot predict the future of human beings. We shouldn’t invest in tech to make tons of money but instead, seize the opportunity to save one more human than the previous day.
One day, we will be able to be immune to any virus, cancer, or even adapt to any atmospherical situation (even on Mars). Perhaps, we will be able to travel through time and space.
We are quite far but by the looks of it, 2021 is not gonna be so different than 2020. It all depends if we have the strength of unifying health research and fight against the top 10 causes of death, once and for all.
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