Charts: Global Digital Health Trends Q1 2022
The new “State of Digital Health” report from CB Insights covers Q1 2022 global private market transactions, financing and exits by companies that integrate technology or software into their healthcare service offerings. Examples of industries include telehealth, digital therapy, mental health technology, healthcare infrastructure, clinical trials, etc.
In the first quarter of 2022, global digital health funding fell 36% year-on-year to $10.4 billion.
Telehealth enables contact between patients and caregivers using mobile technology, such as video medical appointments and remote patient monitoring systems. These services reduce the need for unnecessary doctor visits and facilitate access to health care for people living in remote areas or without transportation.
Despite a 12% increase in the number of deals, Q1 2022 funding in the telehealth sector fell 32% from the previous quarter to $3.2 billion.
According to CB Insights, startups in the United States dominated deals and funding in the first quarter of 2022.
Covid-19 has accelerated the digital transformation of healthcare. Remote patient monitoring uses technology outside of a regular clinical environment to electronically communicate information between patients and clinicians. Common uses are continuous monitors for glucose levels, blood pressure, and blood oxygen.
According to Insider Intelligence, 45.1 million patients in the United States will use remote monitoring technologies in 2022, an increase of 15% compared to 2021.