SVB Survey: AI and Big Data Poised to Reshape Healthcare Industry
Recently, Silicon Valley Bank surveyed 122 founders and investors in the medical technology sector. When asked which technology had the greatest impact on the healthcare industry in 2017, 46% of respondents chose big data, and 35% selected artificial intelligence. These two fields exerted the most significant influence on the healthcare industry.
This survey was launched as an event on September 8, 2016. Participating healthcare startups included Aledade, Babylon Health, Celmatix, Poliklinik Doktor, Quartet Health, and ZocDoc. Participating investors included Andreessen Horowitz, New Enterprise Associates, and Venrock. Featured speakers included Karen M. Ignagni, President and CEO of EmblemHealth; Tom Rodgers, Vice President and Managing Director of McKesson Ventures; and Steve Allan, Director of Silicon Valley Bank’s Research Division.
Dr. Piraye Yurttas Beim, CEO of Celmatix, stated, “Big data is critically important to my work at Celmatix. Physicians can now provide recommendations on a woman’s optimal fertility window based not solely on age, but on a range of relevant personal physiological metrics. Moreover, the healthcare industry is currently in a highly favorable period, with continuous influxes of innovative technologies, and both physicians and patients have come to recognize the potential importance of big data and personalized medicine.”
The five greatest opportunities and challenges facing technology companies in the digital health sector are as follows:
Although the industry is at the forefront of innovation, adoption by consumers, patients, and customers remains the biggest challenge for startups (37%), followed by industry regulation (34%).
34% of respondents indicated that existing popular technologies would have the greatest impact on investment trends in the coming years. Despite the uncertainty, 7% believed that the ongoing U.S. presidential election was the factor with the least impact on investment in the industry.
A survey shows that when asked which technology had the greatest impact on the healthcare industry in 2017, 46% of respondents chose big data, and 35% chose artificial intelligence.
45% of respondents believed that healthcare services or healthcare technology would experience rapid growth in 2017, 8% believed that mobile health applications would develop rapidly in 2017, and 7% considered wearable devices to be a field poised for rapid development in 2017.
61% of respondents indicated that venture capital would make significant strides in this sector in 2017, offering the best investment opportunities in the healthcare industry.
About Silicon Valley Bank
Silicon Valley Bank, established in the United States in 1983 as a subsidiary of SVB Financial Group, currently holds $5 billion in assets. Through its 27 offices across the U.S., three international branches, and an extensive business network spanning Asia, Europe, India, and Israel, the bank has provided $2.6 billion in loans to venture capital firms and startups. Primarily serving technology companies, Silicon Valley Bank has successfully supported prominent enterprises such as Facebook and Twitter.
Compiled by Deng Xueyuan
By VCBeat. Please credit the WeChat Official Account when reposting:VBResearch2016
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