Healthcare providers are focusing on adopting digital tools to enhance clinical encounters, prevent clinician burnout, and improve patient outcomes. This report evaluates and prioritizes 8 tech markets for healthcare leaders to consider, using CB Insights data to score technologies based on market momentum (startups, funding, investors) and industry leader activity (CVC, M&A, partnerships).
The 8 tech markets are categorized into three tiers based on urgency and market potential: Prioritize (clinical decision support, surgical intelligence), Vet (clinical exam tools, computer-assisted physician documentation, point-of-care diagnostics, assisted prescribing, self-triage & navigation), and Monitor (medical imaging AI).
Key Findings and Recommendations:
- Clinical Decision Support: This is the most well-funded segment, with nearly $2.1B raised. It enhances provider decision-making and improves patient care. Leaders like Banner Health and Cleveland Clinic are investing heavily. Providers should prioritize adoption, focusing on interoperability and EHR-enabled solutions.
- Surgical Intelligence: High market momentum, with $1.2B raised. It aims to reduce surgical errors and improve outcomes. Mayo Clinic and other leaders are investing. Urgency is highest for neuro, cardiothoracic, and general surgeons. Providers should look for vendors with usability data and scientific validation.
- Clinical Exam Tools: Market momentum is relatively low, with $382M raised. These tools improve precision during patient examinations and enable remote care. Leaders like Cleveland Clinic are using them for virtual care. Providers should vet solutions with AI integration for enhanced accuracy.
- Computer-Assisted Physician Documentation: $113M raised. These tools leverage automation to boost documentation efficiency. Leaders like Ascension Ventures and Sutter Health are investing. Providers should assess time savings and documentation quality, considering challenges like automation bias.
- Point-of-Care Diagnostics: $1B raised. These tools enable rapid diagnosis and improve patient management. Leaders like Cedars-Sinai and Mayo Clinic are investing. Urgency is highest in resource-limited settings. Providers should look for vendors with data on diagnostic accuracy and integration capabilities.
- Assisted Prescribing: $77M raised. These tools reduce medication errors by improving prescribing decisions. However, market momentum is low, and solutions are often integrated into broader systems. Providers should monitor this space as new players develop.
- Self-Triage & Navigation: $396M raised. These tools guide patients to appropriate care options. Leaders like Boston Children’s Hospital are investing. Providers should vet solutions for safety and the validity of health information provided.
- Medical Imaging AI: $714M raised. This emerging field uses AI to analyze medical images for disease detection and monitoring. While potential is high, challenges remain, and industry leader activity is relatively low. Providers should monitor this space for future adoption.
The report concludes by emphasizing the importance of these technologies in improving healthcare delivery and patient outcomes. Healthcare leaders should strategically prioritize and adopt these solutions to enhance the clinical encounter and address the challenges of modern healthcare.
