The East Asia Health Tech 200 is HolonIQ’s annual list of the most promising startups from across digital health, biotech, medtech and other areas where entrepreneurs are driving healthcare innovation.
East Asia’s burgeoning and exciting health startup scene is reflected in the region’s 2023 Health Tech 200 list, which includes some of the fastest growing health startups globally. As market conditions have tightened - both globally and across East Asia - the 2023 cohort reflects an older selection of more established business models that are demonstrating traction in the market. Following the lofty valuations of the peak pandemic period there has been a correction across funding markets and startups that remain some distance from profitability have toiled. East Asia’s mix of research institutions, centers of clinical excellence and established investment communities provides fertile ground for health innovation, even in a tougher market.
East Asia’s research and hardware dominated health startup scene is reflected in the region’s 2023 Health Tech 200 list. As with many areas globally the progress of digital health has been arrested to a significant extent and falling valuations has led to capital returning to more established areas of the market.