2022 Australia & New Zealand Health Tech 100

Research, Systems and Hardware account for half of the startups in the 2022 cohort.

By taking a step further back - and considering the 2022 list at a sub-sector view - the balanced nature of the startups ecosystem is apparent. Organizations focused on Research, Systems and Hardware represent just over half of the startups in the market but there is also strong representation from those delivering healthcare services directly, whether across Prevention, Treatment, Diagnosis or Care.

Exhibit 3

Australia remains the major player in the region, dominating the 2022 list.

Exhibit 4

Consumer-focused business models are increasingly important in the Australian & New Zealand markets.

By viewing the Australia & New Zealand Health Tech 100 by primary business model we can see there is a shift towards direct-to-consumer propositions in this year’s cohort. The increasing importance of prevention in healthcare and changing consumer attitudes to personalized health is driving a shift in entrepreneurial focus. However B2B-focused startups remain a substantial (45%) slice of the startup scene in the region.

Exhibit 5

The Australia & New Zealand Health Tech 100 has an older profile than many other regions.

Compared with other regions the age profile of companies in our 2022 cohort skews older than other markets. For the second year in a row, over 15% of the featured companies are over 10-years-old but continue to raise capital and gather momentum in the market. Nevertheless there is also a strong crop of organizations founded in the last three years - many in response to the Covid-19 pandemic and the subsequent shifting attitudes towards the role of technology in healthcare. Startups in the region that have been founded post-2020 and have built a significant following include: Alyte (social fitness application); Lived (connecting addicted people to care); Chemist2U (online pharmacy); Fertilis (developer of vitro fertilization technology) and RecoveryVR (VR based rehabilitation).

Exhibit 6

Track the 2022 Cohort

HolonIQ customers can track the most promising Health Tech startups from Australia and New Zealand on the HolonIQ Market Intelligence Platform. Look for the Australia & New Zealand Health Tech 100 list in the Lists tab of the Organizations page. Request a Demo if you are not a customer and would like to learn more. Track the 2022 Cohort.