Digital health investments have exceeded last year’s total by $100 million with a full quarter left to go.
Coming off a torrid first half of 2017 that saw unprecedented investment in digital health, third-quarter funding was slightly more modest, but it was enough to push past last record-setting totals in 2015.
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Third-quarter digital health investments reached $1.2 billion, bringing the 2017 total to $4.7 billion, according to Rock Health, which tracks U.S.-based deals that exceed $2 million. Total funding in 2016 reached $4.4 billion. In July, Rock Health Research Director Megan Zweig told FierceHealthcare she expects 2017 “to be a banner year.”
StartUp Health, which tracks digital health investment globally, reported third-quarter investments had tapered off compared to last quarter. But with $2.5 billion invested worldwide, it was the strongest third quarter on record. It also pushed funding $2.6 billion ahead of last year’s numbers through three quarters, and nearly $1 billion more than 2016’s year-end total.
Half of the deals tracked by StartUp Health have to do with personalized health and patient experience. Average deals have jumped from $14 million in 2016 to $18 million in 2017 thus far.