There’s finally some good news for an industry rocked by hospital bankruptcies, health insurance companies like Bright Health collapsing, and serious questions about the viability of digital therapeutics after the Pear Therapeutics bankruptcy.
Digital health encompasses medical devices that leverage electronic and software technology to provide healthcare solutions. This includes a wide range of technologies such as mobile health applications, wearable devices, telemedicine platforms, electronic health records, and more.
According to CBInsights, Q1’23 is the first quarter since 2021 where digital health funding hasn’t dropped quarter-over-quarter, either in total funding or number of deals. That might not sound like much, but it’s better than the venture economy as a whole where funding fell 13% QoQ.
Image source: CBInsights
