Though the total amount of venture capital investment in digital health is on track to reach an all-time high in 2019, that investment is spread across what is projected to be the lowest number of deals in years, according to a new Silicon Valley Bank report.
Following a record-setting first half of 2019, which boasted $5.6 billion in global health tech investment across 244 deals, the second half is expected to end with investments of $2.3 billion over just 105 deals. That will mark the first time in SVB's analysis, dating back to 2015, that a six-month period's deal quantity did not exceed that of the previous half.
Still, global investment for all of 2019 is projected to top all previous years, with nearly $8 billion, due in large part to exponential increases in investments from Europe. Within the U.S., nearly every region has seen gains in digital health investment activity; the Rocky Mountain region boasts the greatest year-over-year increase, from $205 million in 2018 to a projected $415 million in 2019.
View the full report here.