Galen Growth has introduced the Evidence Signal to evaluate the Clinical Strength of a venture based on the number of clinical trials, regulatory filings and peer-reviewed publications that a venture has generated to confirm the medical benefit of its solution to the target customer.
We are pleased to share with you our latest ecosystem analysis on the Clinical Strength of ventures across the 5 major global regions. We define the boundaries of this important topic and explain the current trends in the market that are driving demand in the area. Our analysis focuses on private ventures and includes noteworthy partnerships, spotlight ventures, and venture funding.
With unmatched, unparalleled and indispensable coverage of the globe’s Digital Health ecosystems, this report is powered by HealthTech Alpha, a Galen Growth proprietary solution, and the world’s leading on-demand Digital Health private market data, intel and insights platform.
A first-of-a-kind study with 12,000+ ventures across 5 regional ecosystems have been analysed in this report to reveal that the growth of evidence for Clinical Strength is growing at a 5-year CAGR of 40%, or 4x the growth of new ventures.
Ecosystem evaluation by Digital Health Clusters shows that over 35% of ventures with solutions in the top 2 clusters: Medical Diagnostics and Remote Devices, have established clinical evidence for their solutions, whereas other clusters, such as Health Services Search, have a single-digit share of ventures with established Clinical Strength, as they likely do not require such evidence.
Within HealthTech Alpha, we have assessed more than 1,400 Digital Health ventures with an Evidence Signal > 40. An Evidence Signal of >40 indicates that the venture has generated evidence to confirm the medical benefit of their solution to the target customer.
To access all data visit https://www.healthtechalpha.com/lists/evidence-signal-above-40.
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Galen Growth’s proprietary platform, HealthTech Alpha, provides the data source for this report. Corporate Business Development, Business Intelligence, and Digital Health Partnership teams worldwide prefer HealthTech Alpha, the world’s most-trusted Digital Health data, intel, and insights platform. Visit https://www.healthtechalpha.com to learn more about our data or https://www.galengrowth.com research for our reports.
Founded in 2016 by Digital Health experts, Galen Growth empowers global Fortune 500 companies, institutional investors, and promising Digital Health ventures to fast track their digital health strategy to create significant financial and social values. To find out more, visit https://www.galengrowth.com