Healthtech Startup Valuations in MENA 2016 vs 2021

Healthtech has been exploding in the region, with valuations of healthtech startups seeing a significant jump since the COVID-19 pandemic started in 2020.

Interestingly, though some startups that were founded in the 1990’s and 2000’s have also seen an increase in value, it is those companies that have been established since the 2010’s that are most highly valued today.

When comparing the 5 year growth trends by sector between 2016 and 2021, Healthtech startups saw the highest valuation growth, followed by Foodtech and Marketing (SaaS) companies.

This likely speaks to both the drivers presented during the pandemic which quickly educated both consumers and healthcare institutions on the value of technology to increase efficiencies, as well as the new technologies that have come online in the most recent years, which have seen an increase in business models coming to the MENA region that have already proven themselves on the global stage.