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State Of Digital Health 2022 Report

Global digital health investment activity contracted in 2022, with funding falling by 57% year-over-year and deals reaching a 5-year low.

Global digital health funding reached $25.9B in 2022, marking a 57% drop from 2021’s record numbers

Funding declined over 4 consecutive quarters to reach $3.4B in Q4’22, a 5-year low. Deals to the sector also hit a new low after falling 33% YoY.

Below, check out a handful of highlights from our 149-page, data-driven State of Digital Health 2022 Report. For deeper insights, all the record figures, and a ton of market data, download the full report.

Other 2022 highlights across the the digital health landscape include:

  • Digital health funding in the US reached $17.7B in 2022 — down 56% YoY. Deals to US-based startups also dropped 26% from 2021, marking a new 5-year low for digital health deal activity.
  • Global exits declined 55% YoY in 2022 to 323. M&A deals declined by 50% YoY to a 5-year low of 305. IPOs dropped 83% while SPACs fell 78% YoY.
  • Q4’22 was the first quarter with no unicorn birth since 2018. Still, 2022 had the second-highest number of unicorn births (21) in the past 5 years.