The Healthtech Index

Study uses data to reveal the cities with the most developed healthtech ecosystems in the world, and identify the global cities leading the technological advancement of different healthcare sectors, including telemedicine.
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At Moove It, we work with a number of partners to make healthcare more accessible and affordable.

We know first hand how technology and innovation are accelerating the treatment of all types of health-related issues. As part of our internal market research, we took on the task of understanding which cities are leading the way in the development of technologies in different health sectors to make themselves healthtech capitals of the world.
By doing so, we aim to celebrate this vital part of the economy and the many thousands of employees in these cities who are committed to helping us live healthier lives, and that have proved themselves invaluable over the last two years.
The Global Capitals
of Healthtech Innovation
We began the study by looking at levels of investment into healthtech from both public and private sources in each city. Next, we analyzed the corporate infrastructure related to healthtech in each location by identifying the number of startups and legacy healthcare organizations operating in this area.
Following this, we assessed the human capital allocated to healthtech by looking at the number of people employed in the sector in each city, as well as comparing how salaries for healthtech jobs differ from city to city. To achieve this, we analysed hundreds of healthtech jobs in every city and calculated a deviation from the median to show which locations pay the most and least for the same job roles.
Eyecare Health Data and Analysis Dentalcare Telemedicine Mental Health
We then set out to identify which cities are the healthtech capitals of each sector by analysing data on company size and funding levels. Specifically, we studied the areas of telemedicine, mental health & psychology, biometric data gathering, health data & analysis, cardiovascular, dentalcare, dermatology, eyecare, gynaecology, hearing aids, medical vision & imaging, nutrition, and prosthetics.
The result is a comprehensive study of the prevalence and maturity of the healthtech ecosystem in 85 global cities, which reveals the healthtech capitals of the world.

Instructions for journalists

You can filter each factor from highest to lowest and vice versa by clicking on the icon above each column. For a full explanation of how each factor was calculated, please see the methodology at the bottom of the page.
Index Scores
Scroll to select filter
R&D Funding
Number of Healthtech Startups
Number of Healthcare Legacy Corporations
Funding & Employment Score
Salary Levels
Telemedicine
Mental Health & Psychology
Biometric Data Gathering
Prosthetics
Health Data & Analysis
Dentalcare
Medical Vision & Imaging
Hearing Aids
Cardiovascular
Gynaecology
Eyecare
Dermatology
Nutrition
Total
#
City
Country
1
New York
USA
2
Minneapolis
USA
3
Chicago
USA
4
Boston
USA
5
Kansas City
USA
6
Denver
USA
7
Los Angeles
USA
8
Singapore
Singapore
9
San Francisco
USA
10
Philadelphia
USA
11
Miami
USA
12
Phoenix
USA
13
San Jose
USA
14
Dallas
USA
15
London
UK
16
San Diego
USA
17
Atlanta
USA
18
Austin
USA
19
Tel Aviv
Israel
20
Washington
USA
21
Houston
USA
22
Las Vegas
USA
23
Orlando
USA
24
Montréal
Canada
25
Beijing
China
26
Portland
USA
27
Seattle
USA
28
Nashville
USA
29
Jacksonville
USA
30
Paris
France
31
Oklahoma City
USA
32
Manchester
UK
33
St Louis
USA
34
Tampa
USA
35
San Antonio
USA
36
Reno
USA
37
Shanghai
China
38
Basel
Switzerland
39
Indianapolis
USA
40
Honolulu
USA
41
Sacramento
USA
42
Toronto
Canada
43
Pittsburgh
USA
44
Munich
Germany
45
Omaha
USA
46
Amsterdam
Netherlands
47
Baltimore
USA
48
Raleigh
USA
49
Barcelona
Spain
50
Columbus
USA
51
Knoxville
USA
52
Boise
USA
53
Berlin
Germany
54
Birmingham
USA
55
Cleveland
USA
56
Brisbane
Australia
57
Milan
Italy
58
Cambridge
UK
59
Heidelberg
Germany
60
Tokyo
Japan
61
Charlotte
USA
62
Zürich
Switzerland
63
Vancouver
Canada
64
Madison
USA
65
Stockholm
Sweden
66
Osaka
Japan
67
Calgary
Canada
68
Wichita
USA
69
Madrid
Spain
70
Albuquerque
USA
71
Düsseldorf
Germany
72
Salt Lake City
USA
73
Hamburg
Germany
74
Edmonton
Canada
75
Taipei
Taiwan
76
Rome
Italy
77
Cincinnati
USA
78
Utrecht
Netherlands
79
Adelaide
Australia
80
Memphis
USA
81
Louisville
USA
82
Seoul
South Korea
83
New Orleans
USA
84
Lyon
France
85
Lund
Sweden

Methodology

The Healthtech Index uses data to reveal the leading healthtech capitals of the world, based on the maturity and advancement of each city’s healthtech ecosystem. The study compares and analyses 85 global cities according to 18 diverse factors to create a final ranking based on a total score. It shines a light on the cities that are global leaders of different healthcare sectors.

City Selection

The study began by assessing the healthtech credentials of thousands of global cities against a range of indicators. The final city selection comprises 85 global cities, all of which constitute major hubs for innovation in different areas of healthcare.
In order to capture the clusters of innovation located on the edge of administrative city boundaries, the matching of cities and company headquarters was performed using Metropolitan Statistical Areas for US cities and the OECD’s concept of Functional Urban Area for global cities.
This allows for the inclusion of peripheral innovation centres that contribute to the economic infrastructure of the healthtech sector in each city.

Scoring

Multiple indicators were used as components when scoring each factor. The underlying indicators were first standardized using a Z-Score [z = (x-μ)/σ; μ=indicator mean; σ=indicator standard deviation] normalization procedure.
The final score was computed as a weighted average of the component Z-Scores, and the resulting score normalized to a scale from 50 to 100 using min-max normalization [(value - min)/(max-min)*50+50].
The scale’s floor of 50 was chosen to emphasize that the cities presented in the final dataset represent the best ranking cities chosen from a wider shortlist of high-ranking cities.

The factors and their component indicators are presented in detail below:

R & D Funding

A score that measures the amount of research and development funding received by private institutions, healthcare institutes, governmental research bodies and universities in each city. A high score indicates a greater presence of research institutions that excel in computer science and medicine.
Source: SCImago.

Number of Healthtech Startups

A score that measures the number of active healthtech startups within a city. To be included, companies must have been founded since 2011, and must have last received external funding since 2011. A high score indicates a higher number of startups in the city.
Source: Crunchbase.

Number of Healthcare Legacy Corporations

A score that measures the number of active healthcare legacy companies within a city. To be included, companies must have been founded before 2011, and must have last received external funding before 2011. A high score indicates a higher number of legacy companies in the city.
Source: Crunchbase.

Funding & Employment

A score that measures the amount of private funding given to companies in each city, as well as employment in the healthtech sector. A high score indicates greater amounts of funding and employment levels in the healthtech innovation ecosystem.
Source: Crunchbase.

Salary Levels

This factor compares the salary levels of healthtech employees in each city based on the following four skill profiles:
We calculated this figure in two steps. Firstly, we calculated the average deviation from the median salary for each of the four skill profiles. Next, we calculated the combined average deviation from the median of these skill profiles in order to provide an indication of healthtech professionals’ salaries in each city. A higher percentage indicates a higher average salary.
Sources: The Bureau of Labor Statistics; SalaryExpert.

Global Capitals of Innovation for HealthTech Silos

Telemedicine

A score that represents the number of companies working in telemedicine in each city, encompassing companies that are developing B2C telemedicine solutions for remote healthcare provision.
A higher score indicates a larger startup ecosystem, a greater amount of funding, and the presence of more industry leaders among legacy companies, weighted by revenue.
Source: Crunchbase.

Mental Health & Psychology

A score that represents the number of companies working in the area of mental health and psychology in each city.
A higher score indicates a larger startup ecosystem, a greater amount of funding, and the presence of more industry leaders among legacy companies, weighted by revenue.
Source: Crunchbase.

Biometric Data Gathering

A score that represents the number of companies working in biometric data gathering in each city, in terms of software and services as well as the production of medical devices.
A higher score indicates a larger startup ecosystem, a greater amount of funding, and the presence of more industry leaders among legacy companies, weighted by revenue.
Source: Crunchbase.

Health Data & analysis

A score that represents the number of companies working in the area of health data and analysis in each city. It looks at companies that specialise in the collection, elaboration and delivery of health data, from healthcare records to diagnosis and prediction.
A higher score indicates a larger startup ecosystem, a greater amount of funding, and the presence of more industry leaders among legacy companies, weighted by revenue.
Source: Crunchbase.
healthtech related banner for mobile

Cardiovascular

A score that represents the number of companies working in the area of cardiovascular treatment in each city.
It looks at companies that deal with the circulatory system and develop both software and hardware solutions for issues ranging from heart disease to circulatory diseases.
A higher score indicates a larger startup ecosystem, a greater amount of funding, and the presence of more industry leaders among legacy companies, weighted by revenue.
Source: Crunchbase.

Dentalcare

A score that represents the number of companies working in the area of dentalcare in each city, encompassing the companies developing software and hardware solutions for dentalcare.
A higher score indicates a larger startup ecosystem, a greater amount of funding, and the presence of more industry leaders among legacy companies, weighted by revenue.
Source: Crunchbase.

Dermatology

A score that represents the number of companies working in the area of dermatology in each city, encompassing the companies developing solutions for the treatment of skin diseases.
A higher score indicates a larger startup ecosystem, a greater amount of funding, and the presence of more industry leaders among legacy companies, weighted by revenue.
Source: Crunchbase.

Eyecare

A score that represents the number of companies working in the disciplines of ophthalmology and optometry in each city, encompassing the companies developing hardware and software solutions in this area.
A higher score indicates a larger startup ecosystem, a greater amount of funding, and the presence of more industry leaders among legacy companies, weighted by revenue.

Gynaecology

A score that represents the number of companies working in the area of gynaecology in each city.
A higher score indicates a larger startup ecosystem, a greater amount of funding, and the presence of more industry leaders among legacy companies, weighted by revenue.
Source: Crunchbase.

Hearing Aids

A score that represents the number of companies working in the provision of hearing aids in each city.
A higher score indicates a larger startup ecosystem, a greater amount of funding, and the presence of more industry leaders among legacy companies, weighted by revenue.
Source: Crunchbase.
healthtech related banner 2

Medical Vision & Imaging

A score that represents the number of companies working in the area of medical vision and imaging in each city.
A higher score indicates a larger startup ecosystem, a greater amount of funding, and the presence of more industry leaders among legacy companies, weighted by revenue.
Source: Crunchbase.

Nutrition

A score that represents the number of companies working in the area of nutrition in each city.
A higher score indicates a larger startup ecosystem, a greater amount of funding, and the presence of more industry leaders among legacy companies, weighted by revenue.
Source: Crunchbase.

Prosthetics

A score that represents the number of companies working in the area of prosthetics in each city.
A higher score indicates a larger startup ecosystem, a greater amount of funding, and the presence of more industry leaders among legacy companies, weighted by revenue.
Source: Crunchbase.
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