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Healthcare Business Review | Thursday, November 10, 2022
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Neurotech is an emerging intersection of neuroscience and technology that aims to provide scalable solutions for persons with neurological illnesses, healthcare practitioners, researchers, and payers.
FREMONT, CA: Neurotech is an emerging industry at the intersection of neuroscience and technology, bringing new applications, processes, products, services, or business models to deliver scalable solutions that benefit those with neurological diseases, healthcare professionals, researchers, and payers.
Neurotech is a group of businesses that provide neuroscience-specific research and solutions as part of Healthtech. The Neurotech sector is also part of Healthtech, where participants target neurological diseases and healthcare providers' customer journey challenges.
What are Neurotech's primary areas of focus?
There are several angles and ways to categorize Neurotech startups, ranging from broad to specific and sometimes going far beyond what we would consider Neurotech.
Below are the primary areas of concentration for Neurotech startups today:
ASSESSMENT AND DIAGNOSTICS
Cognitive Assessment: A company that develops or provides access to digital neurocognitive testing by using a computer, tablet, or other digital interfaces to administer, score, or interpret brain function tests and related factors pertinent to questions of neurologic illness and health.
Cognitive Stimulation and Rehabilitation: The goal of digital cognitive rehabilitation startups is to compensate for or improve cognitive deficits caused by injuries or diseases that impair the brain's optimal function. Cognitive stimulation, such as cognitive training, aims to enhance and maximize cognitive functions and capacities still intact through digitally supplied activities. Startups in digital therapeutics are actively attempting to utilize digital technologies to achieve these objectives.