27.05.2015

The best European countries for health startups

Image | Phalinn Ooi

Spain is well positioned in the emerging market that seeks to use mobile technology to revolutionise the world of health, but there remains a lot of ground to cover. At least that is what the recent report from research2guidance suggests. Research2guidance are specialized consultants in the mobile market.Their report analyzes the state of the mHealth market in the 28 countries that make up the European Union.

Analyzing the latest figures from the sector and the opinions of healthcare professionals, thousands of developers from all over Europe and mHealth professionals about mobile health market conditions, the consultants have established which European countries are currently the best for those looking to begin an mHealth project.

The level of the developers and the market opening for these types of projects and startups were the two principal criteria for research2guidance, with the objective of determining the country’s most and least suitable for aspiring mHealth and digital health entrepreneurs.

Nordic countries and the UK head the list

health_startups_europeImage | research2guidance

As we can see in the above diagram, Denmark, Sweden, Finland, Holland and the UK are the countries with the most favorable conditions for innovation in health. This shouldn’t come as too much as a surprise, given that these countries and cities such as London and Stockholm also represent the principle ecosystems for startups on the old continent.

In the United Kingdom startups such as SOMA Analytics, Medopad  and ONCOAssist stand out, while in Sweden and Finland the startups Lifesum and HeiaHeia, respectively, are leading the way.

In the report they emphasize the technical quality of these ecosystems and also the willingness of governments, multinationals, investors and companies to finance or support these types of projects. These conditions are not matched in the other European economies.

Spain is at the same level as the greats in terms of market conditions.

Spain isn’t among the first wave of countries recommended by the report, but it does score highly on some determined aspects.

According to the report, what separates Spain from the frontrunners is the technical capabilities of its developers, who are only slightly below those of the Nordic countries that top the rankings. This technical difference is the only thing preventing Spain from being listed among the first choices for those looking to develop a mobile health project on a European level.

In fact, countries such as France and Germany, European powerhouses in many aspects, are in this case classified below Spain. With them, the barriers are the professional health workers themselves, who don’t seem open to innovation in their sector.

The study is one more example of the potential of Europe and the different countries within the Union for those looking to start projects in the field of healthcare. And remember, if you have a clear vision and need some support – either financial or of another kind – there are many accelerators for health startups all over the continent, all ready to do their part.