This report is based on a survey of 600 business leaders in the digital health and wellness sector located in the US, Canada, UK, Singapore, Italy and Spain (“Europe”).
Research was conducted during May 2024 by Opinion Matters on behalf of Beazley. Industry subsectors included in this research are health and wellness practitioners; software and platform providers; health-technology and life sciences technology companies, mHealth, telehealth and telemedicine providers. There was an equal split of respondents across company sizes ranging from US$250,000 to more than US$1bn.
Previous similar surveys were undertaken in 2020 and 2022.
2020 methodology – survey conducted 24.11.2020 – 04.12.2020
The research was conducted by Opinion Matters, among a sample of 376 Insurance decision makers or insurance purchasers (or CFOs/CEOs/Founders/CMOs/Risk Managers/General Counsels with insurance purchasing or insurance senior decision making responsibilities) working in companies 1) providing telemedicine / telehealth, (eg an app for contacting doctors / GPs /lifecoaches), 2) m-health or digital health (eg mobile & wearable devices used for health wellness / health apps that may also have an accompanying mobile or wearable device), 3) health/lifestyle/wellness related software & platform providers, 4) life science-tech companies or 5) health-tech companies guaranteeing at least 75 respondents working in companies that have traded for less than 1 year, at least 75 respondents working in companies that have traded for 1-up to 3 years, & at least 75 respondents working in companies that have traded for 3 years plus, and have funding (whether self-funded or investor funding) (equal split across the 5 industry segments).
2022 methodology – survey conducted 24.03.2022 – 08.04.2022
The research was conducted by Opinion Matters, among a sample of 300 (75 per territory) Insurance decision makers or insurance purchasers (or CFOs/CEOs/Founders/CMOs/Risk Managers/General Counsels with insurance purchasing or insurance senior decision making responsibilities) working in companies (an equal split across the five industry segments listed below) 1. Providing telemedicine / telehealth, (health-related companies and practitioners or wellness/fitness companies and practitioners that use technology to provide consultations, diagnosis and treatment recommendations remotely e.g. via an app or technology-based platform) 2. M-health or digital health (companies providing mobile or wearable devices used for health wellness or offering health apps that facilitate healthcare/fitness support, monitoring and remote tracking) 3. Health/lifestyle/wellness related software & platform providers 4. Life sciences (Companies providing remote monitoring of clinical trials and patient testing, or working with digitally connected medical devices and diagnostic equipment) 5. HealthTec (Companies that provide or manufacture tech platforms, analytics, and software that make digital health and telemedicine possible). And guaranteeing 75 respondents from each territory – UK/USA/Canada/Singapore & Hong Kong combined – that have been trading for more than a year/split as evenly as possible across the following company revenue segments US$/GB£250,000 to US$/GB£999,999, US$/GB£1m to US$/GB£9.99m, US$/GB£10m to US$/GB£99.99m, US$/GB£100m to US$/GB£999.99m, US$/GB£1bn plus.
Opinion Matters abides by and employs members of the Market Research Society and follows the MRS code of conduct and ESOMAR principles. Opinion Matters is also a member of the British Polling Council.