Cornwall Betting on Health Tech

Region wants to stimulate the local economy and create a sustainable future for health and social care through technology

The national healthcare ecosystem is undergoing a dramatic, fundamental shift with rising healthcare costs, increased demand on systems and growing, ageing populations placing our health and social care systems under unprecedented pressure.

At the same time, the health tech industry is worth billions and the digital revolution, which has already reshaped many other sectors, is also transforming healthcare. By 2020 its value is estimated to hit around £37bn, with the UK thought to be on course to take a 5% share of that market.

And while Cornwall might not be the first place that comes to mind as a tech hub, the region is steadily establishing a reputation for enabling innovation in the Health Tech sector. In fact, entrepreneurs vouch for the fact the region is unique in the way that it gives companies the independence and freedom to trial new ideas, making it a test bed for innovative solutions while also allowing those who live there to achieve a good work-life balance.

Nicola Lloyd from Invest in Cornwall says that this mix of entrepreneurship, community and sense of place is already attracting talent and business to the region: “In recent years, we have seen a growing interest in…