Digital health funding doubled in 2021

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Worldwide, digital health companies struck 990 investment deals collectively in 2021, up about a quarter from 2020. While this flurry of deal-making is notable, what’s astounding is the $44.0 billion these firms raised, double what they took in the previous year.

Beyond the chart: The vast majority of those dollars went to the US, where health tech companies raised about $34.0 billion, eclipsing the funding seen by the UK, the next biggest hub, at $2.5 billion. The pandemic has stoked investor enthusiasm for the sector, so expect to see consolidation of digital health firms, particularly those focusing on telehealth.