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State of Health Tech 2024 - Bessemer Venture Partners

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As we reflect on the health tech landscape in 2024, one word stands out: resilience. Like a phoenix rising from the ashes, the sector has shown remarkable adaptability and strength in the face of ongoing market challenges. In our State of Health Tech 2023 we covered in-depth the public and private market hype-cycle and steep market correction, as well as the heightened scrutiny of business models. This past year, we've witnessed the emergence of a new cohort of companies that are not just surviving but thriving in this new environment. The bar for success has undoubtedly risen. Investors are demanding clearer paths to profitability, more efficient growth, and a differentiated path to value creation. Yet, amidst these challenges, we've seen encouraging signs of recovery in private market deal-making, particularly companies that have achieved product-market fit and are scaling efficiently. Perhaps the most exciting development of the past year has been the explosion of interest and innov

Jump around State of Health Tech 2024 Where have we been? 2024 market review Scaling in the age of AI: Benchmarks for a new business model Where are we going? Emerging trends and predictions Embracing the future of health tech Contributors Sofia Guerra Steve Kraus Share Subscribe Email (required): Do not fill in (spam control): 10.21.24 Healthcare State of Health Tech 2024 In this second annual report, we examine the health tech sector's resilience and recovery across public and private markets, with a focus on scaling early stage companies in the age of AI. Introduction: The year of resilienc

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