Global State of Digital Health presented at HLTH
One of the highly anticipated news at the HLTH2022 event - the largest digital health event, which is taking place in Las Vegas between the 13-16th, was the release of the global digital health report, prepared by FINN Partners and Galen Growth | Global HealthTech Insights.
Tune in to a short 10 min discussion published on Faces Of Digital Health Podcast with Julien de Salaberry.
A few highlights from the report:
👉 In the first 9 months of 2022, venture funding across the globe declined by 35% YOY ($25 B compared to $39.23B over the same quarters in 2021)
👉 60% of the total volume comes from North America, the Middle East came in second in Q2, and Europe did NOT see a quarter-on-quarter decrease in venture funding seen in North America.
👉 Top investment categories: oncology (though the funding shrinked by 30%) and mental health
Predictions for 2023:
👀 Investors are moving from Fear of Missing Out (FOMO) to Fear of Looking Foolish (FOLF)
🤑 Ventures are finding that funding terms & conditions are far less favorable and valuations are continuing to return to reality.