Cities With The Most Developed Healthtech Ecosystems

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Cities With The Most Developed Healthtech Ecosystems
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Study uses data to reveal the cities with the most developed healthtech ecosystems in the world, and identify the cities that are leading the technological advancement of different healthcare sectors, including telemedicine and mental health.

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  • Out of the 85 best cities for healthtech in the world, Boston ranks #1.
  • Boston is the highest ranking city in the index and the global capital of biometric data gathering, hearing aids, cardiovascular and gynaecology. New York and San Francisco rank second and third.
  • Taipei leads the index for R&D funding levels in healthtech, followed by Beijing and Boston.
  • Boston has the highest number of healthtech startups, ahead of San Francisco and Singapore.
  • Healthtech employees in Zurich receive the highest salaries, followed by Basel and San Jose (USA). Employees in Beijing receive the lowest salaries for the same job roles.

Berlin, Germany, November 2021 - software development company Moove-It.com has released a study that analyzes the healthtech capabilities of 85 global cities. As a company that helps organizations use technology for positive impact in multiple industries including healthcare, Moove It decided to conduct a study to identify which global locations have the most developed healthtech ecosystems. To do this, they assessed each city against a range of factors related to investment, corporate infrastructure, human capital, and their healthtech credentials in different sectors. The resulting index gives insight into which cities have the most robust healthtech ecosystems, and which are the global capitals of healthtech in different healthcare sectors.

How The Study Was Conducted

Moove It began the study by identifying a list of indicators that signal whether or not a city is a leading healthtech location, incorporating investment, corporate infrastructure, human capital and sector expertise. Then, they shortlisted thousands of global cities that are prominent in the healthcare space, before choosing the 50 highest ranking US cities and the 35 highest ranking cities located outside of the US to analyze and compare.

The first factor they looked at was research and development funding in each city, with a particular focus on private institutions, healthcare institutes, governmental research bodies and universities.

Next, they assessed the current healthcare landscape by assessing the numbers of active healthtech startups and healthcare legacy corporations in each city. They also studied the amount of funding given to healthtech companies and the number of people employed in this area.

Following this, Moove It compared the salary levels of healthtech workers in each city, to gauge where workers are paid the most and the least for the same types of job roles.

To conclude the study, the researchers analysed data on company size and funding to identify which cities are the healthtech capitals of different sectors. The following healthtech sectors were assessed: telemedicine, mental health & psychology, biometric data gathering, prosthetics, health data & analysis, dental care, medical vision & imaging, hearing aids, gynaecology, eye care, cardiovascular, dermatology, and nutrition.

The resulting index reveals which cities have the most mature and advanced healthtech ecosystems, and which are the healthtech leaders of different healthcare sectors.

Findings

The table below reveals a sample of results for the top 10 cities for healthtech out of the 85 cities in the index. All scores are out of 100, with 100 being the highest possible score and 50 being the lowest.

Healthtech Index

The tables below reveal a sample of results for the 10 cities with the highest levels of R&D funding in healthtech and those with the highest number of healthtech startups:

Healthtech Index

The tables below show the 10 cities with the highest number of healthcare legacy corporations, and those which have the highest rates of private funding and employment in healthtech:

Healthtech Index

The tables below compare how much healthtech workers are paid for the same healthtech job roles. The table on the left reveals the 10 cities with the highest salary levels, and the 10 cities with the lowest salary levels:

Healthtech Index

The tables below reveal the global capitals of telemedicine and the global capitals of mental health & psychology:

Healthtech Index

Healthtech Index

Quotes

“The pandemic initiated the wider uptake of telemedicine as doctor’s appointments took place by phone or video call,” said Ariel Ludueña Karhs, CEO of Moove It. “Given that we now have a heightened awareness of the dangers posed by face-to-face contact with sick people, there is a growing clamour among medical professionals in particular for some types of medical appointments to continue to be held by phone or video call. The benefits of this approach are numerous, including a decreased risk of spreading infections, reduced travel times and expenses. Improving the availability of such services using telemedicine could lead to lower costs for patients and healthcare suppliers and greater accessibility. The study also reveals that the number of people willing to use telemedicine as an alternative to face-to-face doctor’s appointments has increased since the pandemic began.”

“The study shines a light on which global cities are historic leaders in the healthcare sector and which are the up-and-coming players,” said Ariel Ludueña Karhs, CEO of Moove It. “By looking at the number of healthtech startups and healthcare legacy companies in each city, we were able to identify which cities have the highest concentrations of companies operating in this area. Boston stands out as the highest ranking city for both categories, signaling its global prominence in healthcare, while San Francisco also appears in the top five cities for both. Notable results include Singapore, which ranks third for number of healthtech startups and Beijing, which ranks ninth. Beijing also has the second highest score for R&D funding, demonstrating the growing focus on healthtech in the city.”

“As part of the study, we wanted to focus on the healthtech professionals driving innovation across the industry and reveal where they are best rewarded financially,” said Ariel Ludueña Karhs, CEO of Moove It. “To do this, we identified the salary levels in each city of four job profiles that are prominent in the healthtech sector and created an average deviation from the median to enable a direct comparison. The results reveal where healthtech workers get paid the most, and the least, for similar professions. Healthtech employees in Zurich, Basel and San Jose (USA) top the list for remuneration, while their peers in Beijing, Shanghai and Seoul receive the lowest salaries. Within the US, healthtech workers are paid best in San Jose, San Francisco and New York, while they receive the lowest salaries for the same roles in Boise, Reno and New Orleans - and less than the index’s median salary.”


About Moove It

Moove It is a leading technology consulting firm that blends strategy, design and software engineering services for organizations that want to make a transformative and positive impact through modern native digital experiences.

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