Venture capital investments for digital health in 2022 hit $7 billion, down 55 percent from 2021 when investments totaled $15.6 billion, according to a March 10 report from PitchBook.
PitchBook analyzed venture capital trends for digital health investments in 2022 and found the following:
- In the first quarter of 2022, there were 105 digital health deals that had a total value of $3 billion.
- In the fourth quarter, venture capital investments in digital health hit $900 million.
- The report suggests that venture capital funding for digital health in 2021, which reached $15 billion worth of deals, was an outlier.
- Venture capital funding for telehealth companies continues to trend down.
- Funding for digital treatments and therapeutics dropped to $65 million in the fourth quarter.