Introduction

Galen Growth is pleased to share with you our insights on Consumer HealthTech, a fast-growing sector within digital health. We look across the global startup ecosystem for Digital Health and explain the current trends that are driving demand. Our analysis focuses on private ventures and includes startup success stories, ecosystem growth, most active investors, regulatory approvals and venture funding, and more.

This report, powered by HealthTech Alpha- a Galen Growth proprietary solution and the world’s leading Digital Health private market data, intel, and insights platform- offers unmatched, non-biased, non-hyped, and data-driven coverage of the global Digital Health ecosystems.

Key insights from the report

• Global Consumer HealthTech Investment Surges 9% in 2024 – The sector raised $4.5 billion, driven by strong investor interest in Mental Health and Corporate Health in the U.S., Wellness solutions in Europe, and Preventive Health in Asia-Pacific.
• Funding Bottleneck Leaves 75% of Startups in Seed Stage – Despite rising investment, only 25% of Consumer HealthTech ventures incorporated in the past seven years have secured Series A funding or beyond, highlighting intense competition for capital.
• Mental Health Leads Consumer HealthTech Investments – In 2024, Mental Health attracted 29% of total sector funding, reflecting growing consumer demand for digital mental health solutions and the increasing prioritization of well-being.
• Clinical Validation Gap Hampers HealthTech Adoption – Consumer HealthTech startups lag 11% behind the broader Digital Health ecosystem in clinical evidence, posing challenges for regulatory approval, healthcare provider trust, and payor adoption.

Ventures and companies covered in this report

The “Consumer HealthTech: A Paradigm Shift in Healthcare” report includes data on the following companies: Neko Health, Pursuant Health, GoodRx, Prenetics, InStride Health, Talkspace, HealthifyMe, Fay, 9amHealth, Vori Health, Orange Health, eGym, TaiDoc Health (太医管家),  Kestra Medical Technologies, Transcarent, Talkiatry, Spring Health, Flo Health, Foodsmart, Freenome, Walmart, Pfizer, Mayo Clinic, Aetna, Amazon, General Catalyst, Khosla Ventures, Founders Fund, New Enterprise Associates, Accel Partners

This report is powered by HealthTech Alpha, the premier digital health intelligence platform delivering unparalleled data and insights into the evolving healthcare technology landscape. By leveraging its extensive database of over 15,000 ventures and cutting-edge analytics, HealthTech Alpha provides a data-driven foundation to analyze the critical trends and innovations shaping the future of medtech.

Designed to empower stakeholders—including investors, pharmaceutical leaders, and medical device manufacturers—HealthTech Alpha offers actionable intelligence to navigate the complexities of digital transformation in healthcare. This collaboration brings readers a comprehensive view of the intersection between digital health and medtech, equipping them with the insights needed to identify opportunities, assess market dynamics, and make strategic decisions in this rapidly advancing industry.