Amazing Growth In The Medtech And Healthcare Sector

Usually, a sector’s growth is driven by one or two things. It could be consumer trends — like the current surge in alcoholic consumption during the pandemic. Or it could be technological advances. Think of how drones and self-driving cars will upend the delivery of goods and services. 

As an early investor, it’s important to look for sectors that have many drivers acting at once. The more drivers at work, the better the investment opportunities will be. If one driver stalls or fails, others will be able to keep sectoral growth going. More drivers also provide more pathways for startups to make an impact in the market. Thirdly, it allows drivers to merge and reinforce each other. Sometimes, technologies rise to the occasion to meet changing consumer needs. Other times, they emerge as part of a new product’s ecosystem, as we’re seeing with charging stations for electric vehicles. 

Personally, I’ve always liked the medtech/health sector for early-stage investments. The chance to support AND make money off of live-saving or life-extending technologies holds great appeal to me. But now I love it even more because of what’s happening in the sector. It’s nothing short of a great confluence of drivers coming together to generate dozens upon dozens of exciting growth opportunities in the medical and healthcare fields. 

I simply can’t take my eyes away from all the exciting solutions cropping up right now. It still comprises a small part of the overall startup deal flow I look at. But to a surprising degree (even to me), it dominates the top echelon of startups I consider either for a personal investment or for a recommendation to the thousands of subscribers to my First Stage Investor research service.  

I recently did a quick count of my top-ranked 26 startups. And a full 16 were medtech or healthcare related! That surprised even me. I knew I liked this group. I just didn’t know I liked them this much. But I make no apologies. They migrated to the top of my list on their own merits, not solely because they were part of a sector I like. 

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