Health Technology Company

5 Health Technology Company Success Stories [2024]

Pat Walls

•

Updated: October 10th, 2024

Transforming healthcare with technology is both a challenge and an opportunity. A health technology company focuses on developing digital tools and platforms to improve medical care and personal wellness.

Whether it's creating wearables that monitor vital signs or apps that manage chronic conditions, this business leverages advanced tech to solve pressing health issues. With the increasing demand for remote care solutions, diagnostics, and personalized treatments, the potential market is vast and largely untapped.

Establishing a health tech company demands a solid understanding of healthcare needs and technical expertise. You'll need to navigate regulations, ensure data security, and design user-friendly interfaces. If you're driven by the prospect of making healthcare more efficient and accessible, this is a compelling field to explore.

In this list, you'll find real-world health technology company success stories and very profitable examples of starting a health technology company that makes money.

1. The TouchPoint Solution ($3.6M/year)

Vicki Mayo, the founder of TouchPoint Solution, came up with the idea for her business after using a technology to alleviate her daughter's night terrors. Recognizing the potential of this technology to help people de-stress, she launched TouchPoints, which has been used over 3 million times since its inception in 2016. With a successful Kickstarter campaign and retail launch in the works, TouchPoint is on track to continue its impressive growth.

How much money it makes: $3.6M/year
How much did it cost to start: $250K
How many people on the team: 5

How I Developed A $300K/Month Wearable That Reduces Stress

This case study article follows Vicki Mayo, who developed a stress-reducing wearable product for her company TouchPoint, which achieved over $2 million in sales in the first couple of years and has been used for stress relief over 3 million times.

Read this case study

Read by 7,017 founders

2. Pulseroll ($2.88M/year)

Founder Paul McCabe came up with the idea for Pulseroll after attending an innovation event in China and seeing a prototype for a vibrating foam roller. Recognizing the benefits of percussion therapy and the market opportunity, he launched the UK's first-ever vibrating foam roller and has since grown Pulseroll into a multi-million pound business with products stocked in over 20 countries.

How much money it makes: $2.88M/year
How much did it cost to start: $10K
How many people on the team: 0

How We Started A Multi-Million Dollar Massage Therapy Products Business [From Our Kitchen Table]

Pulseroll is a multi-million pound business that offers scientifically proven muscle recovery technology and has experienced year-on-year growth of 174%, making it a top competitor in the wellness tech industry.

Read this case study

Read by 4,319 founders

3. MBDH Wellness ($306K/year)

Mansi Biyani, Co-Founder and Director of MBDH Wellness, was inspired by the success of her family's business in the wellness industry. With a passion for Ayurveda and plant-based solutions, Mansi wanted to leave her own legacy and started MBDH Wellness to provide quality wellness products. Through scaling their operations to 500 orders a day and incorporating customer feedback, MBDH Wellness has become a leading provider in the industry.

How much money it makes: $306K/year
How much did it cost to start: $15K
How many people on the team: 30

How I Started A $25K/Month Ayurvedic Health Care Brand

MBDH Wellness, a leading wellness and health provider in India, is scaling up from 5 to 500 orders a day, thanks to their focus on quality, customer satisfaction, and experienced team of doctors and chemists, with plans to expand their brand through additional SKUs and launches in the UK and US.

Read this case study

Read by 3,481 founders

4. BioFit ($240K/year)

John Zarbock, the CEO and Founder of BioFit, came up with the idea for his business after seeing a Facebook ad for an exercise machine that claimed to provide effective workouts in just 20 minutes a week. Initially skeptical, he decided to investigate further and ended up purchasing two of the machines. After experiencing a highly efficient full-body workout and recognizing the potential of these machines, Zarbock decided to start his own business centered around them.

How much money it makes: $240K/year
How much did it cost to start: $100K
How many people on the team: 3

I Built A $240K/Year Business While Deployed In Kuwait

BioFit is a fitness studio that offers safe and effective exercise through high-intensity training (HIT) methodology, using adaptive resistance exercise (ARX) machines that can achieve results in as little as 20 minutes a week, with an 80% closing ratio, over 70% client retention, 125 clients, and an average monthly revenue of $20k.

Read this case study

Read by 3,491 founders

5. Ivee ($120K/year)

Chelsea Rhoads, the CEO/Co-Founder of pup-eeze, came up with the idea for the business after experiencing the difficulties of traveling with her dogs during a camping trip in 2008. Realizing the need for a device to ensure their safety, Chelsea and her co-founder developed Pup Alert in 2016. After encountering challenges with their hardware solution, they adjusted the concept and launched pup-eeze, a wellness tracker for dogs. They have since focused on creating an adjustable ecosystem for dogs' environments and have garnered support from the technology community.

How much money it makes: $120K/year
How much did it cost to start: $250K
How many people on the team: 3

How I Created And Launched A Fitbit For Dogs

Pup-eeze, a wellness tracker for dogs that tracks activity, monitors location and automates their lives, was created by Chelsea Rhoads and Elizabeth Hess after realizing how difficult it was to travel with dogs, and now has a consumer-facing application for pet owners to monitor their pets' data and visualize trends.

Read this case study

Read by 5,361 founders