Throughout the pandemic the health tech start-up space saw a considerable bump in interest and capital, but as the health crisis slows so has the investment, reported TechCrunch April 26.
While the first quarter of 2022 saw $10.4 billion invested into health tech start-ups around the world, the last quarter of 2021 saw $16.2 billion invested. That represents a 36 percent decrease.
The amount of money poured into health tech startups is also on the decline, with the number of deals worth $100 million or more declining by 52 percent between the fourth quarter of 2021 at $9.2 billion and the first quarter of 2022 at $4.4 billion.
The health tech industry isn't seeing a total collapse, as many deals are still being done, but venture capitalists are retreating from the scene.