Dive Brief:
  • Digital health funding continues to slide, with the third quarter seeing the sector’s lowest funding since the first quarter of 2019, according to a new report from CB Insights.
  • Global digital health funding of $4.6 billion fell 36% from the second quarter to the third quarter this year, and 72% from its record high in the second quarter of 2021, the market intelligence firm found.
  • That deceleration in funding is especially severe in the areas of clinical trials tech, telehealth and health IT, though telehealth and health IT continue to see some of the highest funding amounts overall.
Dive Insight:
Digital health momentum appears to be slowing coming out of the breakthrough 2021 year. Industry watchers have chalked shrinking funding up to market adjustment and forces like inflation and interest rates.
Notably, telehealth funding halved from the second to the third quarter this year. It’s the third straight quarter of declines, bringing telehealth funding to its second-lowest total in the past five years, CB Insights found.
That’s a marked turnaround from the avalanche of dollars that flowed to telehealth companies at the height of COVID-19, when the pandemic spurred unprecedented demand for virtually delivered care.
Despite that growth, this year’s total telehealth funding is projected to be less than half of what the sector brought in during 2021, CB Insights said.

[Read More…]

By clicking submit, I authorize Fitness Journal Edu and its affiliated companies to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Terms of Service and Privacy Policy, (2) supplement the information that I provide with additional information lawfully obtained from other sources, like demographic data from public sources, interests inferred from web page views, or other data relevant to what might interest me, like past purchase or location data, (3) contact me or enable others to contact me by email with offers for goods and services from any category at the email address provided, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here

© Copyrights 2024, Fitness Journal Edu. All Rights Reserved

Skip to content