/ Blog + Insights / 28 May 2021
By Molly Yang
Covid-19 has turned the world on its head, but it’s also sparked accelerated change in health-tech - and attracted a large amount of capital globally. That mixed with an aging population, the need for personalised care, privacy, digitalisation and value-based care, its no wonder healthcare has become one of the world’s largest and fastest growing industries.
Over the past five years, New Zealand health-tech has grown steadily. According to the 2019 TIN Report, 11% of the TIN200 companies were health-tech firms, collectively generating 15.4% of the TIN200 revenue.
It’s a sign – the next wave of growth in health-tech is coming and because of the size and significance of the New Zealand health-tech sector, we expect to see great opportunities for Kiwi health-tech innovation and leaders.
Public and private health systems around the world are being forced to adapt and innovate in a short period. New Zealand is no stranger to creating and embracing disruptive technologies, with start-ups and companies across the country adapting products and services in response to market shifts.
Recently, there has been an increase in Kiwi innovation with new health-tech ideas and projects including AI application, telehealth, mental health, femtech, medicinal cannabis, wearable technology, medical devices and diagnostics.
These are just the tip of the iceberg:
In the last 10 years, market supporters of health-tech have grown tremendously. Cure Kids Ventures used to be the only healthcare-focused, early-stage angel fund, but in recent years, several new players have joined the scene:
Since 2006, our Aspire fund has invested $84 million into supporting 240+ Kiwi start-ups become world-class companies. Health-tech is one of four focused investment areas – and is our second largest funding behind software.
Keep innovating! The world is facing a global health crisis - and the spotlight is shining bright on health-tech innovation.
If you’re a Kiwi tech start-up seeking funding, check out how our Aspire fund can help kick-start your journey of health-tech innovation.
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