Top 10 HealthTech Companies to Watch in 2024
Top 10 HealthTech Companies to Watch in 2024
Discover DHI’s new section: Top listings! From the latest tools and technologies to the leading companies and innovators in healthtech. Discover some of the most sought-after resources in the space!
Welcome to DHI’s new section: HealthTech Top Listings 🌟
Every two months, we’ll bring you expertly curated lists from the healthcare sector.
From cutting-edge tools and technologies to leading companies and innovators, we’ll provide listicle of the most sought-after resources in the space.
We’re kicking things off with the top 10 HealthTech companies to watch in 2024. These lists will be regularly updated to ensure accuracy.
Think your company should be featured? Don’t hesitate to reach out!
Stay in the loop with us, become a true Digital Health Insider, and explore our first listing on the top digital health companies to watch on 2024 below!👇
Top Healthcare Tech Companies in 2024
According to Statista, the digital health market in North America is projected to grow at an annual rate of 8.26% from 2024 to 2029, reaching a market volume of $78.86 billion by the end of that period. In response to the healthcare industry’s rapid development—especially following the COVID-19 pandemic—numerous healthtech companies have emerged, offering innovative solutions to enhance people’s quality of life.
Here are the top healthcare tech companies in 2024, specializing in areas such as telemedicine, wearables, emerging technologies, health data, and diagnostics:
1. Equip
Founded in 2019, Equip provides virtual, evidence-based treatments for eating disorders (ED). Their providers are trained to treat all ED diagnoses, as well as co-occurring conditions like anxiety, depression, and OCD. Equip’s telemedicine solutions target the estimated 28.8 million Americans who will face an eating disorder at some point in their lifetime, according to the National Association of Anorexia Nervosa and Associated Disorders (ANAD).
Funding: Equip has raised $109.7 million over 4 rounds, with the latest in April 2024 from a Series C round. Investors include Optum Ventures, Tiger Global, and General Catalyst.
Equip’s family-based care model has seen 92% of their patients improve ED behaviors. Their multidisciplinary care teams consist of a therapist, dietitian, medical provider, and recovered mentors to offer comprehensive support.
2. Pelago
Pelago, founded in 2017 as "Quit Genius," treats substance use through its virtual clinic, offering personalized care for tobacco, alcohol, opioid, and cannabis use. They also provide a specialized plan for teenagers and integration services for health systems and employers.
Funding: Pelago has raised $151.6 million over 7 rounds. Their most recent funding, in March 2024, came from a Series C round, with investors like Atomico, Octopus Ventures, and Eight Roads.
In addition to treating substance use, Pelago is integrating AI-powered technology into its operations, such as their new assistant, Pelago Chart, which automates clinical note-taking.
3. Neosensory
Developed by neuroscientists, Neosensory offers a wearable wristband that addresses hearing challenges, including high-frequency sound detection, tinnitus, and moderate-to-severe hearing loss. The wristband converts sounds into vibrations, which are transmitted to the brain through over 4 billion unique vibration patterns.
Funding: Neosensory has raised $14.2 million across 4 rounds, with their most recent funding in January 2021 from a Private Equity round. Notable investors include CB Health Ventures, DigiTx Partners, and Excel Venture Management.
Neosensory’s products—Duo, Clarify, and Sound Awareness—have shown impressive results, with 91% of Duo users experiencing tinnitus relief within two months.
4. CitiusTech
CitiusTech, founded in 2005, is a healthcare technology company that specializes in data science, analytics, and AI. Their services address legacy system debt, data interoperability, compliance, and rising operational costs, with a focus on product engineering, AI/ML, and cybersecurity solutions.
Funding: CitiusTech has raised a total of $1.07 billion over 2 rounds, with funding from Bain Capital Private Equity and General Atlantic. Their latest funding was raised in October 2022 from a Private Equity round.
CitiusTech is recognized as a leader in healthcare analytics and data solutions.
5. PathAI
PathAI uses advanced AI technology—machine learning and computer vision—to help biopharma and pathology labs quickly and accurately detect diseases. They also aid in identifying the most promising treatments and therapies, contributing to biomarker discovery, drug development, and improved laboratory workflows.
Funding: PathAI has raised $355.2 million across 6 rounds, with the latest funding raised in January 2022 through Debt Financing. Major investors include General Atlantic, LabCorp, and General Catalyst.
PathAI’s team of doctors, scientists, and technologists is dedicated to improving early disease detection and personalized care.
6. Grow Therapy
Grow Therapy connects clients and insurance companies with a network of nearly 8,700 therapists to make mental healthcare easier to access. Founded in 2020, the startup employs the business-in-box model, because it gives mental health professionals tools for filing claims, receiving payments and being matched with patients.
Funding: Grow has raised a total of $178M in funding over 6 rounds, with their latest funding being raised in April, 2024 from a Series C round. Some of their investors are Sequoia Capital, Goldman Sachs Alternatives, and Transformation Capital.
Grow Therapy empowers independent therapists to launch and grow private practices by enabling them to tap into large scale credentialing, referrals, administrative and community support enabled by our passionate team/products.
7. Click Therapeutics
This digital health company builds Digital Therapeutics (DTx) which enable change within individuals through cognitive and neurobehavioral mechanisms, and are designed to be used independently or in conjunction with biomedical treatments.
Funding: They have raised a total of $946.4M in funding over 12 rounds, with investors like HSBC Innovation Banking and Silicon Valley Bank. Their latest funding was raised in November, 2023 from a Debt Financing round.
Click Therapeutics is a regulated Software as a Medical Device (SaMD)-focused biotechnology company!
8. Ro
Ro’s platform connects patients with medical experts who provide telehealth services for sexual health, weight loss, fertility, and hair loss, among other medical conditions. Treatments and products are delivered from one of Ro’s nationwide pharmacies.
Funding: Ro has raised a total of $1B in funding over 8 rounds, with their last one being raised in February, 2022 from a Venture - Series Unknown round. Some of their investors are TCG and BoxGroup.
Ro already serves 2,000,000+ members and counting!
9. Jabra Hearing
Jabra Hearing offers hard of hearing patients medical-grade over-the-counter hearing aids and enhancements. Its online platform allows its users to manage their hearing products remotely.
Funding: Jabra Hearing has raised a total of $31M in funding over 3 rounds. Their latest funding was raised in August, 2020 from a Series B round. Some of their most recent investors are Edward Lando and Tiger Management Corporation.
In 2022 they created Jabra Enhance, an online hearing business dedicated to making hearing care more accessible and affordable.
10. Candid Health
Candid Health is a modern medical payments platform that allows you to automate and optimize your entire revenue cycle in one place.
Funding: Candid Health has raised a total of $47.3M in funding over 3 rounds. Y Combinator and 8VC are their most recent investors, and their latest funding was raised in September, 2024 from a Series B round.
Candid Health's platform easily integrates with existing custom and commercial infrastructures, and they count with flexible, modern APIs for direct integration, or out-of-the-box connections.
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