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MEDICAL CROWDFUNDING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Medical Crowdfunding Market, By Type of Crowdfunding (Donation-Based Crowdfunding, Reward-Based Crowdfunding, Equity-Based Crowdfunding, and Debt-Based Crowdfunding), By Application (Medical Expenses, Research Funding, Health Initiatives, and Medical Equipment Purchase), By Indication (Cancer, Neurological Disorders, Cardiovascular Diseases, Trauma, and Others), By End User (Patients, Non-Profit Organizations, Healthcare Institutions, Research Institutions, and Others (Healthcare professionals)), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Dec 2024
  • Code : CMI7579
  • Pages :157
  • Formats :
      Excel and PDF
  • Industry : Healthcare IT

Market Concentration and Competitive Landscape

Medical Crowdfunding Market Concentration By Players

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Top Strategies Followed by Global Medical Crowdfunding Market Players

  • Established Players- Leading crowdfunding platforms, such as GoFundMe and YouCaring, have significantly enhanced their services through R&D investments aimed at improving user experience and platform accessibility. In September 2023, GoFundMe launched a new AI-driven feature that recommends personalized medical fundraising options, aiming to increase the success rate of medical campaigns.
  • Mid-level crowdfunding platforms, such as Fundly and GiveForward, focus on offering budget-friendly services that cater to price-sensitive users. For instance, in April 2023, Fundly launched a feature to lower platform fees for medical campaigns, allowing more funds to go directly to the patients.
  • Smaller players in the medical crowdfunding space, like Spotfund and MedStartr, focus on niche markets. MedStartr specializes in raising funds for medical innovations and startup healthcare companies. In June 2023, MedStartr launched a campaign to fund a novel diabetic treatment device, targeting a specific medical community and generating significant support.

Emerging Startups in the Global Medical Crowdfunding Market

Startups like Spotfund and MedStar uses innovative technologies to enhance medical crowdfunding. Spotfund integrated AI-powered donation targeting features in March 2023 to match medical campaigns with likely donors based on historical donation patterns. This innovation is expected to increase the success rates of campaigns by 30%.

Some emerging startups in medical crowdfunding, like MedStartr, focuses on sustainability by supporting environmentally friendly healthcare initiatives. In April 2023, MedStartr hosted a campaign to fund a green medical device manufacturing startup, encouraging eco-friendly products in healthcare.

Emerging startups like MedStartr target specific medical fields, such as rare diseases or innovative treatments. For example, in July 2023, MedStartr raised funds for a startup like CarThera, developing a treatment for rare pediatric cancers. This niche focus has helped connect specialized medical campaigns with a community of dedicated donors.

Key Players Insights
  • GoFundMe
  • Impact Guru
  • Kickstarter
  • Indiegogo
  • Fundly
  • YouCaring
  • GiveForward
  • FundRazr
  • Ketto
  • Milaap
  • Classy
  • Crowdfunder
  • Crowdcube
  • MedGift
  • Plumfund

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