State of Digital HealthGlobal | 2023 recapGlobal data and analysis on dealmaking, funding, and exits by private market digital health companiesState of Digital Health2Make smartertech decisions.Our platform will help you discover, understand, and manage your response to emerging tech. Make confident tech decisions that drive growth, improve operations, and beat the competition with CB Insights.▮▮▮▮IIIITry our platform – free!Sign up for a free trialContentsGlobal Trends5Investment Trends6Unicorns30Exit Trends36Investors42Geographic Trends46US47Silicon Valley55New York59Boston63Asia67Europe753State of Digital HealthState of Digital Health4“Steal” our data.Download the underlying data in this report. If you create any analysis or visualizations with this data, send it our way and you could be featured in the CBI newsletter. @ us on social – LinkedIn X (Twitter) Instagram▮▮▮▮IIIIDownload the raw dataSign up for a free trialGlobal Trends5Investment Trends6Annual equity funding & deals7State of Digital Health | Global Trends | Investment Trends$17.9B$28.4B$52.7B$25.5BFunding$13.2B2,2532,3062,7982,267Deals1,39705001,0001,5002,0002,5003,000$0.0B$10.0B$20.0B$30.0B$40.0B$50.0B$60.0B20192020202120222023Quarterly equity funding & deals8State of Digital Health | Global Trends | Investment Trends$3.9B$4.7B$4.3B$5.0B$5.7B$5.4B$7.5B$9.9B$11.4B$15.2B$11.9B$14.2B$9.8B$7.5B$4.6B$3.6B$4.1B$3.5B$3.4BFunding$2.3B568573573539561573613559678725742653768584503412499378277Deals2430100200300400500600700800$0.0B$2.0B$4.0B$6.0B$8.0B$10.0B$12.0B$14.0B$16.0BQ1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4201920202021202220239State of Digital Health | Global Trends | Investment TrendsUS$1.7B133 DealsEurope$0.3B51 DealsAsia$0.3B44 DealsCanada$24M8 DealsLatAm$26M3 DealsAfrica$8M2 DealsOceania$9M2 DealsFunding & deals by global region in Q4’23Percent of quarterly deals by global region10State of Digital Health | Global Trends | Investment Trends53%54%57%49%54%54%54%51%54%50%50%48%50%51%56%55%51%52%54%US, 55%20%19%20%24%18%18%19%22%19%22%24%24%22%21%20%16%16%17%21%Asia, 18%19%20%15%20%21%20%22%21%19%23%17%22%21%21%17%24%26%23%20%Europe, 21%8%7%7%8%7%8%5%6%7%6%8%6%7%7%7%6%7%8%5%All Other Regions, 6%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q420192020202120222023Percent of quarterly deals by investor group11State of Digital Health | Global Trends | Investment Trends35%36%33%32%33%35%33%36%35%34%31%32%33%33%33%31%29%32%35%VC, 31%20%20%22%19%18%21%19%19%18%16%18%18%17%19%22%21%20%22%21%Other, 22%8%8%7%8%10%7%10%7%7%8%9%8%7%7%8%9%10%10%10%Corp, 12%9%9%8%9%10%10%8%8%7%8%8%8%8%7%7%7%8%9%8%CVC, 10%8%8%8%10%9%8%9%10%10%11%11%12%12%12%10%11%12%9%9%Angel, 9%5%7%5%8%6%7%7%8%8%9%9%9%9%9%6%9%7%8%7%Asset/Investment Management, 8%6%5%6%5%6%7%8%7%8%6%6%7%6%6%7%Private Equity, 4%10%7%14%7%9%6%8%9%6%8%6%8%5%8%6%11%6%Incubator/Accelerator, 3%Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q420192020202120222023Annual average & median deal size12State of Digital Health | Global Trends | Investment Trends$10.5M$15.8M$23.1M$14.1M$11.9M201920212023Average Deal Size$2.3M$3.4M$3.7M$4.0M$4.0M201920212023Medi...
