Top 10 Fastest Growing Healthcare Companies in 2024

Top 10 Fastest Growing Healthcare Companies in 2024

Logos courtesy of Legacy, Guideway Care, Axonics, Staffy, Dynamic Dental Solutions, Transparent Rx, Ascellahealth, Allurion Technologies, Elder Care Homecare and Progyny.

In an era where healthcare and life sciences are at the forefront of innovation and progress, identifying the fastest growing companies in this sector provides insights into where the industry is headed. The Financial Times’ list of The Americas’ Fastest-Growing Companies serves as a barometer for such advancements, showcasing firms that are not just thriving but reshaping healthcare landscapes globally. 

This coveted list showcases 500 companies across the Americas, all of which have shown exceptional growth in their publicly disclosed revenues from 2019 to 2022. This initiative bases its rankings on the compound annual growth rate (CAGR) of each company’s revenue, making it a significant and respected measure for assessing the swift rise and success of businesses in the Americas.

Among a diverse array of sectors, healthcare and life science companies have made a significant mark, underscoring their critical role in addressing some of the world’s most pressing health challenges. With the Financial Times’ ranking covering a wide range of industries, we’ll zero in on the fastest growing healthcare companies in 2024 and explore the factors that have propelled them to the forefront of their industry.

Related: Top 10 Best Healthcare Companies to Work For in 2024: A Forbes List Breakdown

1. Legacy (Rank 14)

Founded in 2018, Legacy is revolutionizing the reproductive health sector with its innovative approach to sperm analysis and storage solutions. Its  ascent to being one of the fastest growing healthcare companies in 2024 is attributed to its commitment to accessibility, privacy and the demystification of male fertility. By integrating technology with healthcare, Legacy has opened new avenues for individuals and couples looking to plan their futures.

Legacy’s annual revenue is estimated at around $62.4 million, growing at a CAGR of 213.56 percent.

2. Guideway Care (Rank 18)

Since 2016, Guideway Care has been recognized for its exemplary patient care coordination services. Its model focuses on guiding patients through complex healthcare systems, ensuring they receive the care and support needed for optimal outcomes. This approach not only improves patient satisfaction but also enhances healthcare efficiency, placing Guideway Care among the fastest growing healthcare companies in 2024.

Guideway Care’s annual revenue is estimated at around $9.9 million, increasing at a CAGR of 200.87 percent.

3. Axonics (Rank 24)

Axonics, founded in 2013, is at the forefront of developing cutting-edge neuromodulation therapies for bladder and bowel dysfunction. Its innovative solutions, which include sacral neuromodulation devices, are transforming the lives of patients worldwide. Axonics’ rapid growth underscores the demand for advanced, minimally invasive treatments in neuromodulation, cementing its status as a leader in healthcare innovation.

According to Axonics, the company’s total net revenue in 2023 was approximately $366.1 million, growing at a CAGR of 170.56 percent. 

4. Staffy (Rank 37)

In the world of healthcare staffing, Canada-based Staffy is standing out this year. Since 2015, it has offered a flexible, on-demand staffing platform that connects healthcare professionals with short-term positions. Staffy’s success lies in its ability to address the acute staffing shortages facing the healthcare industry, making it one of the fastest growing healthcare companies in 2024.

Staffy’s annual revenue is currently around $22.3 million with a CAGR of 137.21 percent.

5. Dynamic Dental Solutions (Rank 49)

Founded in 2018, Dynamic Dental Solutions is reshaping the dental care industry. Its use of technology to enhance service delivery and patient care has set new standards. The company’s growth reflects an increasing recognition of the importance of innovative solutions in dental care, positioning it among a high growth healthcare company in 2024.

Dynamic Dental Solutions’ annual revenue is estimated at around $1.3 million, growing at a CAGR of 120.20 percent. 

6. TransparentRx (Rank 71)

TransparentRx, founded in 2014, is leading the charge towards transparency in pharmacy benefits management. Its model ensures clients receive fair pricing and comprehensive management services, addressing a critical need for clarity in healthcare costs. Its rise among the fastest growing healthcare companies in 2024 is a testament to the growing demand for fairness and transparency in healthcare.

TransparentRx’s annual revenue is estimated at around $5 million, growing at a CAGR of 97.69 percent.

7. Ascellahealth (Rank 81)

Founded in 2013, Ascellahealth is making waves in the specialty pharmacy sector. It offers tailored pharmacy services for complex treatments, focusing on patient support and accessibility. Ascellahealth’s commitment to personalized care has propelled it into the ranks of the fastest growing healthcare companies in 2024.

AscellaHealth’s estimated annual revenue is currently $7.5 million, growing at a CAGR of 93.25 percent.

8. Allurion Technologies (Rank 124)

Allurion Technologies, founded in 2009, is redefining the weight loss industry with its groundbreaking gastric balloon technology. Its non-surgical approach offers a viable, effective alternative for weight management, reflecting the company’s innovative spirit. Allurion’s position among the fastest growing healthcare companies in 2024 highlights the market’s appetite for non-invasive health solutions.

Allurion Technologies’ annual revenue was around $53.47 million in 2023, increasing at a CAGR of 69.33 percent.

9. Elder Care Homecare (Rank 142)

Founded in 2009, Elder Care Homecare provides compassionate, comprehensive care for the elderly in the comfort of their homes. Its services, which range from daily assistance to specialized nursing, reflect a deep understanding of the needs of aging populations. This focus has established Elder Care Homecare as a key player and one of the fastest growing healthcare companies in 2024.

Elder Care Homecare’s annual revenue is currently around $1.7 million, growing at a CAGR of 63.87 percent.

10. Progyny (Rank 180)

Rounding out the list is fertility and family building benefit solutions company Progyny. Since 2008, Progyny has offered comprehensive coverage and support for individuals and couples, and by doing so, addresses a crucial aspect of healthcare. Its inclusion among the fastest growing healthcare companies in 2024 underscores the importance of supportive fertility treatments in today’s healthcare ecosystem.

Progyny’s annual revenue in 2023 was $1.09 billion, growing at a CAGR of 50.75 percent.

Out of the 500 companies that made Financial Times’ list, 25 were in the healthcare and life sciences category. Below are the other 15 fastest growing healthcare companies on the list:

  1. Agilon Health (Rank 183)
  2. Diagnósticos da América (Rank 212)
  3. Cornerstone Christian Counseling (Rank 246)
  4. Creo (Rank 255)
  5. Exact Sciences (Rank 281)
  6. AMN Healthcare Services (Rank 284)
  7. Haytek Lentes (Rank 299)
  8. Medifast (Rank 303)
  9. Vertex Pharmaceuticals (Rank 325)
  10. Seagen (Rank 326)
  11. DexCom (Rank 372)
  12. Cal Dental USA (Rank 377)
  13. ICU Med (Rank 415)
  14. Thermo Fisher Scientific (Rank 434)
  15. Danaher (Rank 435)

The healthcare and life sciences sector continues to evolve at a rapid pace, driven by technological advancements, a focus on personalized care and the needs of a diverse patient population. The companies on the Financial Times’ list not only represent the fastest growing healthcare companies in 2024, but also the future of healthcare innovation. 

If you want your company to be featured on Xtalks.com, please email [email protected].