Healthcare Startups in New York City: In-Depth Overview [2023 Edition]
The United States of America is a prime nation in terms of healthcare services. As per statistics, the US is expected to spend around 20% of its Gross Domestic Product on healthcare by 2028.
This close to $6.2 trillion. And there are plenty of healthcare giants that form a part of the US economy.
The surfacing of new technologies and the recent outbreak of COVID-19 has transformed the medical sector. It has led the US and other nations in the enhancement of their healthcare systems.
With the rise of:
- Artificial Intelligence
- Machine Learning
Many fresh startups are coming into healthcare in NYC and around the world. Moreover, they are also supported by people as they offer:
- Doctor on-demand services
- Virtual health sessions
- Medication suggestion and delivery
And there are many other services the users demand and need. Around 54% percent of people in the age group of 18-45 years use a fitness app in the US. These stats provide a clear insight that healthcare startups in New York and around the world have great potential in the future.
So, if you have any idea for innovative health app development in NYC, this is the right time to get to work.
There are many recognized NYC-based healthcare startups that have been founded in the last few years. Here are some of the best ones.
Healthcare Startups from New York Worth Watching in 2023
1. Galileo – 2018
|Description||Galileo is counted as one of the unique healthcare startups NYC. Why? |
Well, it has transformed the way patients find the required doctors.
The Galileo app has endless features for the patient’s needs. It works on one of the best healthcare app trends.
|Market positioning, key features, key customers||Galileo falls under mhealth, and the market of mhealth will hit the USD 316.8 billion by 2027. |
The Galileo app offers:
NYC healthcare startups like Galileo aim to support the patients.
|Funding||Galileo has not raised any funds so far. But it is one of the promising healthcare startups New York.|
2. RO – 2017
|Description||RO is an innovative telehealth company that has multiple products for its various users. |
It is one of the ingenious health startups NYC.
And it focuses on providing premium quality services to patients whenever required.
|Market positioning, key features, key customers||The global telehealth market will be worth $266.8 billion by 2026. |
RO is a telehealth firm that provides a platform:
Their products are Roman, Rory, and Zero.
|Funding||All these services place RO among the top healthcare startups NYC. |
It has raised $176.1 million in three funding rounds.
3. Kindbody – 2018
|Description||Kindbody is an innovative company that aims to provide quality health services to women. |
NYC Healthcare startups like Kindbody focus on women’s fertility assessment and consultation.
|Market positioning, key features, key customers||The global healthcare market is expected to hit $17.8 billion by 2024. |
Kindbody offers its users various remarkable services like:
Other than that, Kindbody is one of those health startups NYC that also provides:
|Funding||Kindbody has raised a total of $63.3 million in 5 funding rounds.|
4. TMRW – 2018
|Description||IVF is the technology of the future. TMRW is among the futuristic healthcare startups New York that is leveraging this technology. |
The NYC based company aims to solve the issue of cryo specimen management.
|Market positioning, key features, key customers||The US IVF services market is estimated to be $5.56 billion by 2027. |
Hence, TMRW has the utmost potential to be one of the most demanding health startups in NYC.
|Funding||TMRW is counted among those empowering healthcare startups in NYC that have raised $37 million so far.|
5. Neurogene – 2018
|Description||Neurogene focusses on counteracting neurological diseases of the people. |
And this is what makes it one of the best healthcare startups in NYC.
|Market positioning, key features, key customers||The global neurology market will grow at a CAGR of 3.5% from 2019-24. |
This opens new doors for healthcare companies.
Neurogene harnesses the technology of today to search solutions for neurological diseases like:
To find the root cause of these diseases, Neurogene partners with:
These interactions help them bring solutions and resources to their patients.
|Funding||Neurogene has raised $68.5 million, and that makes it one of the developing healthcare startups of New York.|
6. Medly Pharmacy – 2017
|Description||Medly is a medicine delivery company based in NYC. |
Its wide range of services distinguishes it from other health startups in NYC.
|Market positioning, key features, key customers||The pharmaceutical drug delivery market will hit the $2.01 billion mark by 2025. |
So, this proves that Medly Pharmacy has a bright future among other healthcare startups in NYC.
Medley pharmacy offers:
It is meant for patients, providers, and even manufacturers.
|Funding||Medly has raised a whopping $100 million in two funding rounds. And this is remarkable among other healthcare startups in New York.|
7. Cityblock Health – 2017
|Description||Cityblock Health is a healthcare firm focused on providing services to underserved populations. |
This approach makes it one of the unique NYC based healthcare startups.
|Market positioning, key features, key customers||Cityblock Health aims to spend more time with users to know about their issues. |
No matter what time it is, you can reach out to Cityblock health 24×7.
Cityblock promises to meet you anywhere you want to.
Use their Commons platform to:
It also enables healthcare experts to:
|Funding||Cityblock Health is one of those brilliant startups in NYC that has raised $139.3 million in 4 rounds.|
8. Paige – 2018
|Description||Paige is one of the promising healthcare startups NYC. Why? |
It harnesses the power of AI to diagnose and treat cancer.
|Market positioning, key features, key customers||The global cancer therapeutics market will reach a valuation of $180 billion by 2026. |
This is a clear sign that Paige is one of the potential health startups in NYC.
Paige uses its AIRI infrastructure with GPU. The GPU has a performance of 10 petaflops.
This helps in training the models to deliver lightning-fast performance.
The platform gathers valuable insights from highly sophisticated data.
With this, it helps doctors, pathologists, and clinicians to derive the state of the art treatment solutions for cancer.
|Funding||Paige has raised around $95 million over 4 funding rounds.|
9. Hiber Cell – 2019
|Description||Hiber Cell is a biotechnology startup. |
It focuses on building advanced methods and approaches in the treatment of cancer metastasis.
|Market positioning, key features, key customers||Hiber Cell falls in those health startups NYC that aim to solve the issue of cancer metastasis. |
When primary tumors are removed, even a small dormant disseminated tumor cell can cause a relapse.
To prevent or delay the occurrence of cancer. Hiber Cell harnesses modern-day technology to develop solutions for cancer metastasis.
These crucial steps make it one of the ingenious healthcare startups NYC.
|Funding||These innovative methods have fostered fundings worth of $60.8 million for Hiber Cell.|
10. Rightway – 2017
|Description||mHealth apps are very popular in the current time. |
And Rightway Healthcare is one of those NYC startups that provides a mHealth app.
|Market positioning, key features, key customers||The global mHealth app market is projected to hit the $236 billion mark by 2026. |
This creates a huge scope for healthcare startups like Rightway in New York.
Rightway serves the users by:
|Funding||Rightway Healthcare has raised around $30 million in 3 funding rounds.|
11. Cedar – 2016
|Description||Seamless payment is an essential part of the healthcare sector. |
And Cedar is one of the best health startups NYC that accomplishes it.
|Market positioning, key features, key customers||The US medical payment market is massive. Moreover, there are many new trends surfacing in medical payments. |
Cedar works on one of those similar trends.
It offers a healthcare financial management platform that:
All these seamless facilities make it one of the demanding healthcare startups New York.
|Funding||The success of Cedar is depicted by its fundings. |
It has harnessed a whopping $151 million since its establishment in 2016.
12. Capsule – 2016
|Description||Capsule is one of the NYC healthcare startups that is reshaping the pharmacy industry. |
It helps you get your medication right in the comfort of your home.
|Market positioning, key features, key customers||The global market for online pharmacy will be around $121 billion by 2027. |
Hence, Capsule has the potential to be one of the best healthcare startups in NYC.
Capsule offers you:
|Funding||Capsule has raised $270 million in 4 funding rounds. |
This is the highest among the healthcare startups in New York in this list.
13. HealthReveal – 2015
|Description||HealthReveal is a part of healthcare startups in NYC that fosters the power of AI. |
It helps clinicians to diagnose and treat chronic diseases of the patients.
|Market positioning, key features, key customers||The global AI in healthcare market is expected to reach up to $45.2 billion by 2026. |
This makes HealthReveal a futuristic startup.
HealthReveal solution analyzes various health-related information of the user from:
Post this; it processes the data through the AI solution.
This generates real-time medical treatment solutions. And these are sent to the medical professionals.
These derived solutions and insights help doctors treat their patients in an improved way.
|Funding||HealthReveal is one of the best healthcare startups in New York. It has raised $37.9 million so far.|
14. K Health – 2016
|Description||Doctor’s visits can be inconvenient and costly at times. So, why not get the doctor on your phone. |
K Health has turned this idea to reality. And that is what makes it one of the growing NYC healthcare startups.
|Market positioning, key features, key customers||Some of the best services that K Health offers are: |
These services distinguish K Health from other healthcare startups in NYC.
|Funding||Though it is one of the budding health startups in NYC. It has raised $97.3 million so far.|
15. Simple Health – 2015
|Description||Simple Health is one of the innovative healthcare startups in NYC. |
It focuses on providing online medical consultation to the user regarding birth control.
|Market positioning, key features, key customers||The state of the art NYC based healthcare startups helps in providing women with birth control medication. |
It follows the process as:
|Funding||Simple Health has raised $26 million in fundings. These figures make it one of the best healthcare startups in New York.|
Any ideas how to beat startups from NYC?
Well, if you have an idea for one of the best healthcare startups NYC and you are a bit afraid of taking the first step. We would like to inform you that there are many successful firms out there based on innovative healthcare ideas.
We at Spdload analyze your every little requirement while building an app for you. Our team of professionals makes sure that your telemedicine or any other health app is HIPAA compliant.
Moreover, we pay utmost attention to:
- Market research
- App development and designing.
- UI/UX Design
Our comprehensive set of services will help you develop one of the best healthcare startups New York.