Ten locally headquartered companies cracked the top 500, which tells you just how many health tech companies there are out there. See the full list.
Ten companies headquartered in Australia have been named on Time magazine’s list of the world’s top healthtechs for 2026.
The unranked list includes 500 companies with the highest scores across three evaluation dimensions – financial performance, reputation analysis, and online engagement.
This article originally ran on TMR’s sister site, Health Services Daily. TMR readers can sign up for a discounted subscription.
The 10 Australian-based companies which made the grade are, in no particular order:
- Harrison.ai: AI company developing clinical imaging and diagnostic software;
- Helfie: AI health platform providing smartphone-based preventative screening and health insights;
- Mable: Online platform connecting aged-care and disability clients with independent support workers;
- Magentus: Global health technology company providing clinical systems, practice-management software, informatics;
- Healthengine: platform connecting patients with providers and managing appointments;
- MedAdvisor: Digital health platform connecting pharmacies and patients for medication management;
- Lenexa Medical: Medtech company developing technology to prevent and monitor pressure injuries;
- WearOptimo: Health-tech company developing AI-enabled wearable sensors for real-time biomarker;
- Human Health: Health-tech company using AI to help people manage healthcare; and,
- Coviu: Telehealth platform providing secure virtual consultations and clinical workflows.
It was the second year in a row on the list for both Magentus and Lenexa Medical.
“Being recognised for a second consecutive year reflects the trust our customers, partners, and people continue to place in Magentus,” said Rachael Powell, CEO of Magentus.
“Confidence in healthcare technology is hard-won. One year can be a strong year. Two consecutive years suggest continuity. This recognition is one measure of the consistency we work to earn over time.”
The company’s COO, Martin Hayden, said the continuity was vital.
“The significance is not the recognition itself, it is what that continuity represents for customers, partners and healthcare leaders seeking confidence in the organisations they choose to work with.”
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Lenexa’s medical CEO and cofounder Ajit Ravindran said the recognition reflected both the progress of the technology and the people using it in everyday care.
“Being recognised by TIME for a second consecutive year is an important milestone for our team, but what matters most is seeing the technology being used by nurses and carers to help identify risk earlier and support better care,” he said.
“We developed LenexaCARE to give clinical teams better visibility into what happens between observations. We are now building on that foundation to address another major challenge for health and aged care providers – falls prevention.”
Time said the methodology behind the list included evaluation across the three major pillars mentioned above.
“The first dimension, financial performance, was assessed through a detailed analysis of financial metrics, such as revenue per employee and funding amount.
“These metrics provided insight into the financial stability, growth potential, and operational efficiency of the companies. This dimension accounted for 50% of the total score.
“The second dimension, reputation analysis, evaluated how companies and their digital health solutions are publicly perceived.
“Using social listening techniques, the analysis captured sentiment, visibility, and perceived credibility by examining publicly available content, such as news coverage, blogs, forums, and social media activity. This dimension contributed 30% to the total score.
“The third dimension, online engagement, measured the reach and engagement levels of companies through their digital platforms. Website traffic served as the key indicator of user engagement. This dimension made up 20% of the overall score.”
