This year, TIME, in collaboration with Statista, a premier international provider of market and consumer data and rankings, has unveiled its inaugural ranking of the World’s Top HealthTech Companies. This ranking aims to recognize health tech companies that foster innovation, improve accessibility, and contribute to a more efficient and sustainable health care system. Here’s an overview of the selection process for these companies.
Methodology
The research project “” represents a comprehensive international analysis undertaken to identify the most innovative and influential health technology companies globally. The study’s foundation rests upon three core evaluation pillars:
- Financial Performance
- Reputation Analysis
- Online Engagement
The initial dimension, Financial Performance, was evaluated through a detailed assessment of financial metrics, including revenue per employee and funding amounts. These metrics offered insights into the financial stability, growth potential, and operational efficiency of the companies. This dimension accounted for 50% of the total score.
The second dimension, Reputation Analysis, assessed the public perception of companies and their digital health solutions. Utilizing social listening techniques, the analysis captured sentiment, visibility, and perceived credibility by examining publicly accessible content such as news coverage, blogs, forums, and social media activity. This dimension contributed 30% to the overall score.
The third dimension, Online Engagement, measured the digital reach and engagement levels of companies via their online platforms. Website traffic served as the primary indicator of user interaction. This dimension constituted 20% of the overall score.
After the data was gathered and evaluated, it was consolidated and weighted within a scoring model based on the three aforementioned dimensions. The final score was derived from these dimensions, with each contributing according to its assigned weighting to the overall score. The 400 companies achieving the highest scores were recognized as the World’s Top HealthTech Companies.
Additionally, each company was classified into one of the following six HealthTech market segments:
AI & Data Analytics – Companies leveraging artificial intelligence, automation, and data-driven technologies to enhance diagnostic accuracy, personalize treatment plans, streamline administrative processes, and derive insights from health-related data.
Diagnostics – Companies offering digital solutions for medical assessment and early disease detection, including advanced imaging and monitoring technologies.
Medical Devices & Wearables – Developers of connected medical devices and wearable technologies that monitor, track, and manage health parameters in real time, supporting proactive and continuous care for patients and consumers.
Health Information & Management – Providers of secure digital platforms for the storage, management, and exchange of electronic health records, as well as digital tools that enhance clinical workflows and optimize the delivery of healthcare services.
Prevention – Developers of digital applications that promote health and wellness, such as behavioral change apps, preventive health programs, and coaching solutions.
Telehealth & Treatment – Platforms and technologies that enable remote healthcare delivery and support or provide digital medical treatment interventions. This includes virtual consultations, online patient management tools, and digital therapeutics.
See the full list of the here.