Digital health investment around the world hit an all-time high of $57.2 billion in funding in 2021, fueled by the growing need to provide digital solutions and delivery models to patients during the pandemic, Fierce Healthcare reports.
The record-breaking funding marks a 79% jump from the $32 billion raised globally in 2020, according to a year-end report by market intelligence firm CB Insights.
That record amount was raised in 2,930 deals, compared to 2,518 deals in 2020.
In the U.S., digital health startups raked in a record $37.9 billion in 2021, up 75% from $21.7 billion in 2020. Digital health funding hit $10.8 billion in the fourth quarter alone. That’s more than the second-largest global market, Asia, recorded in all of 2021 with $10.7 billion, according to the report’s findings.
U.S. deal count dropped to 303 in Q4—the lowest on record for 2021. This comes as smaller financings were overtaken by mega-rounds, which accounted for 63% of total U.S. funding in the fourth quarter. Read more.
