The North America 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.
High profile failures and a general market slowdown across digital health has not prevented a strong crop of startups from emerging in HolonIQ’s 2023 North America Health Tech 200. The region’s startup scene continues to attract entrepreneurs seeking to address North America’s substantial healthcare challenges and, despite headwinds, the 2023 cohort includes some of the leading health startups globally. Rising expectations around the near and long term potential for generative AI is once again building hype in the health market, although this has been tempered by recent collapses. It is also driving a strong market for partnerships with health and insurance giants teaming up with startups focused on harnessing the power of GAI across healthcare. The inflated valuations of 2021 and early 2022 continue to loom over the market but innovation has continued despite suppressed investment activity and quality businesses with purpose and novel solutions are still being funded.