The digital health sector appears to be cooling down, with startups in the once-hot industry raising less money and undergoing fewer mergers and acquisitions in the first half of the year, Healthcare Dive reports. Digital health public exits also ground to a halt, with zero startups entering the public markets.
According to a new Rock Health report, the digital health sector raised $10.3 billion in the first half of 2022. That’s compared to $15 billion in the first six months of last year.
That means 2022’s overall funding is on track to land somewhere around $21 billion, down significantly from last year’s record tally of $29.1 billion (but outpacing 2020’s $14.7 billion), according to the venture fund. Read more.
