5 Health Technology Company Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Start A Health Technology Company

Here are some real life success stories of starting a health technology company:

1. 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 they make: $120K/year
How much did it cost to start: $250K
Current team size: 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.

About

Chelsea started Ivee over 4 years ago

Revenue

Chelsea grew the business to $10K/month

Costs

It cost Chelsea $250000 to start the business

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Read by 4,838 founders

2. 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 they make: $240K/year
How much did it cost to start: $100K
Current team size: 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.

About

John started BioFit over 5 years ago

Revenue

John grew the business to $20K/month

Costs

It cost John $100000 to start the business

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Read by 2,845 founders

Learn more about starting a health technology company:

Where to start?

-> How much does it cost to start a health technology company?
-> Pros and cons of a health technology company

Need inspiration?

-> Examples of established health technology company
-> Marketing ideas for a health technology company

Other resources

3. Lifewave ($6M/year)

How much they make: $6M/year
Current team size:

+$20M/mo Selling Health Products to Help People Feel Better

Case study: How LifeWave founder David built a global health technology company that generates over $20 million in revenue monthly and has a presence in 80 countries.

Revenue

They grew the business to $500K/month

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Read by 587 founders

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Starting A Health Technology Company: Everything You Need To Know

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