The Healthtech market attracts double digit revenue valuations with M&A activity increasing substantially as firms provide innovative solutions to reduce reliance on traditional healthcare systems. Babylon Health is no different having raised over c.$85m across its Series A and B funding rounds. The Digital Healthcare Market is growing at significant pace. According to Statista, the Telehealth market is expected to grow c.25% between 2017 and 2020.
The growing demand on healthcare systems (e.g. NHS) is well documented with digital solutions seen as a natural solution to ease pressures. Naturally, some will embrace change as evidenced from disruptive technologies in other industries. With something as sensitive and personal as health, would you you see a virtual GP?
Babylon Health, a digital healthcare start-up, is leading the way in creating a virtual GP. The virtual GP is a robot doctor who patients can communicate with through an interactive video session.