The digital health industry experienced a big growth year in 2021, reports Mobi Health News. According to Rock Health’s third quarter analysis of the space, funding had already reached $21.3 billion across 541 deals. The year surpassed 2020’s full-year funding total after the second quarter.
Russ Johannesson, CEO of diabetes and chronic condition management company Glooko, said the COVID-19 pandemic continued to spur digital health technologies and remote care delivery in 2021, and would probably keep driving trends this year.
While patient and provider adoption was also valuable, increased reimbursement options – both from private and public payers – were important for the space and encouraged investors.
“We definitely saw this increase in reimbursement support for digital health solutions – not just remote monitoring, but deeper digital health solutions as well – in many markets around the world,” Johannesson said. “Not just the U.S., but Germany, France, Belgium [and] others. And I think we’ll continue to see that going forward.” Read more.
