About Healthcare
There are 582K companies in the Healthcare sector across the world, with 31.4K funded companies having collectively raised $792B in venture capital money and private equity. Overall 21K of these are Series A+ funded and the sector has seen the creation of 11 Unicorns.
Healthcare sector has seen 11.4K acquisitions and 6.34K IPOs.
This sector includes companies engaged in the provision of personal medical treatment services, clinical patient diagnostic care, and physical hospital operations management.
Healthcare sector is also known as Healthcare Sector, Medical Industry or Clinical Care Services.
Companies included in Healthcare sector
It includes brick-and-mortar general hospital facilities, specialized dental clinics, physical therapy offices, medical practitioner staffing agencies, and physical pharmacy sales counters.Companies excluded in Healthcare sector
It excludes standalone healthcare software platforms with no physical clinic operations, insurance pricing engines, and generic health tracking mobile apps.Market Map of Healthcare
The market map of Healthcare gives a visual overview of the sector, showing key business models, their interactions in the value chain, and industry evolution.
Top Companies in Healthcare
There are more than 582K companies in Healthcare. Cult.fit is the top Healthcare company globally, ranked using Tracxn Score (what's this?).
Here are 5 of the top Healthcare companies globally:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | Bengaluru (India) | 2016 | Series G | $717M | |
Manufacturer of medical technology and healthcare solutions | Minneapolis (United States) | 1949 | Public | - | |
Chains providing diagnostic testing services, health checkups, and doctor consultations | Noida (India) | 2018 | Series C | $116M | |
Wide range of medical devices | Marlborough (United States) | 1979 | Public | - | |
Chain of diagnostic and preventive care laboratories centers | Mumbai (India) | 1996 | Acquired | $63.6M |
Companies founded year-on-year in the Healthcare sector
3,974 new startups have been founded so far in 2026 in the Healthcare sector. 15,861 Healthcare startups were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 3,974 |
2025 | 2,422 |
2024 | 2,781 |
2023 | 8,112 |
2022 | 12,277 |
2021 | 12,777 |
2020 | 15,861 |
2019 | 13,691 |
2018 | 13,883 |
2017 | 9,457 |
Companies founded across countries in the Healthcare sector
United States has 117,834 Healthcare startups, the most by any country, followed by United Kingdom which has 80,583 startups and Germany which has 80,458.
- Total Number of Companies
Country | No. of companies |
|---|---|
United States | 117,834 |
United Kingdom | 80,583 |
Germany | 80,458 |
India | 39,709 |
Canada | 13,381 |
Australia | 7,901 |
China | 5,367 |
France | 3,561 |
Netherlands | 3,203 |
Italy | 2,894 |
Stage-wise distribution of the Healthcare sector
Out of the total 581,544 Healthcare companies, 31,360 have secured funding. Among them, 20,955 have reached Series A or higher, and 19,270 to Series B or beyond.
Founded - 581,544
Funded - 31,360
Series A+ - 20,955
Series B+ - 19,270
Series C+ - 18,655
Company Stage | No. of companies |
|---|---|
Founded | 581,544 |
Funded | 31,360 |
Series A+ | 20,955 |
Series B+ | 19,270 |
Series C+ | 18,655 |
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- 582K+ Total Companies
- $792B+ Total Funding
- 31.4K+ Funded Companies
- 6.3K+ IPOs
- 11.4K+ Acquisitions
- 140+ Reports
Funding Trends in the Healthcare sector
Total funding year-on-year in the Healthcare sector
The Healthcare sector saw a total funding of more than $507B in the last 10 years. The most amount of funding was in 2025 at more than $156B. There has been a total funding of $8.44B in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $8.44B |
2025 | $156B |
2024 | $22.9B |
2023 | $22.3B |
2022 | $29.9B |
2021 | $44.4B |
2020 | $28.1B |
2019 | $48.8B |
2018 | $120B |
2017 | $26.6B |
Total funding across countries in the Healthcare sector
In the last 10 years, Healthcare startups in United States have recieved the highest funding among all countries - $382B. China follows with $14.8B and United Kingdom with $12.6B.
- Total Funding
Country | Total Funding |
|---|---|
United States | $382B |
China | $14.8B |
United Kingdom | $12.6B |
India | $12.6B |
Canada | $9.4B |
Germany | $6.01B |
France | $2.03B |
Spain | $1.53B |
Netherlands | $1.26B |
Italy | $557M |
Total funding amount raised by stage in the Healthcare sector
Over the last 10 years, the Healthcare sector have seen $5.9B into Seed Stage funding rounds, $41.8B into Early Stage funding rounds and $40.9B go into Late Stage funding rounds.
Funding Stage | Total Funding |
|---|---|
Grant | $219B |
Debt | $143B |
Early Stage | $41.8B |
Late Stage | $40.9B |
Post IPO | $24.8B |
PE | $11.7B |
Seed Stage | $5.9B |
Other-Equity | $625M |
ICO | $125M |
Recent Funding Rounds in Healthcare
In the year 2026, till October 2026, Healthcare companies have raised $5.96B in equity funding across 517 rounds.
In the same period last year (i.e. till October 2025), Healthcare companies had raised $10.7B across 765 rounds.
So, 2026 has seen a 44.43% drop in funding in Healthcare companies as compared to 2025.
Here are some recent, important funding rounds in Healthcare:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 3996 | Oct 08, 2026 | ||
Seed | 2897 | Oct 07, 2026 | ||
Series B | 8924 | Oct 07, 2026 | and 9 more | |
PE | 7696 | Oct 07, 2026 | ||
Seed | 2631 | Oct 07, 2026 |
Top Investors in Healthcare
HHS is the top investor in Healthcare companies based on number of companies invested.
Here are some top investors in Healthcare:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Washington, DC (United States) | ||
Rockville (United States) | ||
Falls Church (United States) | ||
Washington (United States) |
M&A activity in Healthcare
In the year 2026, till October 2026, 425 acquisitions happened in Healthcare sector. Last year, in 2025, a total of 570 acquisitions happened in Healthcare sector.
Here are some recent, important acquisitions in Healthcare:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 09, 2026 | ||
Business Acquisition | Oct 07, 2026 | ||
Business Acquisition | Oct 07, 2026 | - | |
Business Acquisition | Oct 06, 2026 | ||
Business Acquisition | Oct 06, 2026 |
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Acquisition trends in Healthcare
Here are the acquisition trends in Healthcare:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 425 |
2025 | 570 |
2024 | 857 |
2023 | 970 |
2022 | 1,403 |
2021 | 1,400 |
2020 | 908 |
2019 | 1,014 |
2018 | 1,000 |
2017 | 718 |
IPOs in Healthcare
In the year 2026, till September 2026, 35 IPOs happened in Healthcare sector.
Here are some recent, important IPOs in Healthcare:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Sep 29, 2026 | Bombay Stock Exchange (BSE) | |
Sep 08, 2026 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Sep 07, 2026 | Hong Kong Exchanges (HKG) | |
Sep 01, 2026 | National Stock Exchange (NSE) | |
Aug 21, 2026 | Stockholm Stock Exchange (STO) |
Colleges which produce the most Healthcare companies
Companies founded by alumni from top colleges in the Healthcare sector
Most number of Healthcare startups have been founded by alumni from Harvard University, Stanford University and University of California (Los Angeles).
College | No. of companies |
|---|---|
Harvard University | 279 |
Stanford University | 204 |
University of California (Los Angeles) | 173 |
Harvard Business School | 163 |
University of Pennsylvania | 162 |
Massachusetts Institute of Technology | 131 |
University of Cambridge | 118 |
Cornell University | 114 |
Columbia University | 109 |
Yale University | 105 |
Total funding in companies founded by alumni from top colleges in the the Healthcare sector
In the last 10 years, University of Cambridge graduates' Healthcare companies have raised the most funding among top colleges. Massachusetts Institute of Technology alumni are second, and University of Pennsylvania alumni are third.
College | Total Funding |
|---|---|
University of Cambridge | $17.6B |
Massachusetts Institute of Technology | $8.14B |
University of Pennsylvania | $7.99B |
Harvard University | $7.79B |
Duke University | $7.29B |
Wharton School | $6.85B |
The Wharton School | $3.43B |
Stanford University | $3.4B |
Harvard Business School | $2.64B |
University of California (Los Angeles) | $2.5B |
Top News in Healthcare
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Corcym's Nitinol-Based Cardiac Implants Receive FDA ClearanceMedical Design & Outsourcing•Oct 09, 2026•Corcym
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Spirit Halloween Fundraiser Supports Carle Health ProgramCentralillinoisproud•Oct 09, 2026•Spirit Halloween, Carle Foundation
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LUX Infusion Expands Access to Hemophilia Care with Qfitlia (fitusiran)PR Newswire•Oct 09, 2026•Luxinfusion
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FDA Approves Roche's Tecentriq for Adjuvant Treatment of Stage III dMMR Colon CancerGlobeNewswire•Oct 09, 2026•Roche
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Pfizer Tukysa Regimen Gets FDA Nod for Maintenance Treatment of HER2+ Metastatic Breast CancerContract Pharma•Oct 08, 2026•Pfizer
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Danaher Accelerates Life Sciences Research with New AI-powered Autonomous LabHpcwire•Oct 08, 2026•Danaher
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Upperton Unveils New Brand Identity to Reflect Evolution into End-to-End CDMOEuropean Pharmaceutical Manufacturer•Oct 08, 2026•Upperton
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Phenomenex Launches Strata-Mag RP for Automated LC-MS/MS Sample PreparationPR Newswire•Oct 08, 2026•Phenomenex
