Global venture funding for health IT startups fell to $8.9 billion in 2019, a 6 percent drop from 2018's $9.5 billion, per a Mercom Capital Group report, reflecting previous reports showing a similar drop in U.S.-specific digital health funding.
The Mercom report found that, of the digital health startups funded in 2019, consumer-centric companies fared better than practice-centric ones. While consumer-centric startups saw their collective funding rise 2 percent year over year, to $5.3 billion, practice-centric companies experienced a 16 percent decrease to $3.6 billion.
Those findings were evident in the highest-funded digital health categories of the year, led by the consumer-centric telehealth segment:
1. Telemedicine: $1.76 billion
2. Analytics: $1.64 billion
3. Mobile health apps: $1.23 billion
4. Clinical decision support: $748 million
5. Mobile wireless: $556 million
6. Booking: $537 million
View the full report here.
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