Silicon Valley Bank projects healthcare financing to fall by $15B in 2023

SVB, the parent of the Silicon Valley Bank, is projecting healthcare investment and financing to fall by $15 billion in 2023, based on how recently firms raised new funds and the pace of investment to be slower than 2021.

In the medtech market, SVB predicts that late-stage investment will continue to slow and major firms will push back going public until at least late 2023 because of market pressures, according to a Jan. 6 SVB news release.

"Looking ahead to 2023, while there is still uncertainty in the private investment landscape, the strongest companies will get funded," SVB Managing Director Jonathan Norris said.

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