BERLIN, Germany — Moove It released a study that analyzes the health tech capabilities of 85 global cities. To do this, the company assessed each city against a range of factors related to investment, corporate infrastructure, human capital, and health tech credentials in different sectors. The resulting index gives insight into which cities have the most robust health tech ecosystems and which are the global capitals of health tech in different health care sectors.
Moove It began the study by identifying a list of indicators that signal whether or not a city is a leading health tech location, incorporating investment, corporate infrastructure, human capital, and sector expertise. Then, it shortlisted thousands of global cities that are prominent in the health care space before choosing the 50 highest-ranking U.S. cities and the 35 highest-ranking cities located outside of the U.S. to analyze and compare.
The first factor the researchers looked at was research and development funding in each city, with a particular focus on private institutions, health care institutes, governmental research bodies, and universities.
Next, they assessed the current health care landscape by assessing the numbers of active health tech startups and health care legacy corporations in each city. They also studied the amount of funding given to health tech companies and the number of people employed in this area.
Following this, Moove It compared the salary levels of health tech workers in each city to gauge where workers are paid the most and the least for the same types of job roles.
To conclude the study, the researchers analyzed data on company size and funding to identify which cities are the health tech capitals of different sectors. The following sectors were assessed: telemedicine, mental health and psychology, biometric data gathering, prosthetics, health data and analysis, dental care, medical vision and imaging, hearing aids, gynecology, eye care, cardiovascular, dermatology, and nutrition.
Some key findings include
- Boston is the highest ranking city in the index and the global capital of biometric data gathering, hearing aids, cardiovascular, and gynecology. New York and San Francisco rank second and third.
- Taipei leads the index for research and development funding levels, followed by Beijing and Boston.
- Boston has the highest number of health tech startups, ahead of San Francisco and Singapore.
- Health tech employees in Zurich receive the highest salaries, followed by Basel and San Jose. Employees in Beijing receive the lowest salaries for the same job roles.