Leaders in Pharmaceutical Business Intelligence (LPBI) Group

Digital Therapeutics In Healthcare: The Market Perspectives

Reporter: Aviva Lev-Ari, PhD, RN

based on e-mail from

CB Insights <healthcare.insights@cbinsights.com> Thu, 20 Jan 2022 15:03:47 +0000

State Of Digital Health 2021 report

https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=a910b57be2&e=d62ca003c7

Breaking records and taking names

At the end of Q3’21, the digital health sector was on track to collect nearly $53B by the end of the year.

Fast-forward through Q4’21. Digital health startups surpassed that and pulled in a record-breaking $57.2B (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=3fa5150475&e=d62ca003c7) in funding in 2021, up 79% from 2020.

https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=805c348eb9&e=d62ca003c7

The US digital health market continued to dominate, reaching a record $37.9B (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=4e867a5607&e=d62ca003c7) in 2021.

In Q4’21 alone, the region collected $10.8B — more than Asia, the second-largest global market, recorded in all of 2021.

https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=cbe632a114&e=d62ca003c7

Within digital health, we saw 2 sectors take off in 2021:

Digital therapeutics (DTx) and

Mental health tech

Along with 127% funding growth compared to 2020, the DTx market (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=ca977c4de1&e=d62ca003c7) saw significant momentum, including increased business relationships (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=98081124d2&e=d62ca003c7) , expanding clinical evidence, and new regulatory approvals.

Want to go deeper into DTx?

Clients can download our DTx market map

https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=e9b44f2e4a&e=d62ca003c7

Mental health tech also had a show-stopping year, with funding up 139% YoY (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=334bfe3143&e=d62ca003c7) to reach $5.5B.

But we are still in early innings. With 68% of 2021 deals being early-stage, there is room for growth in the mental health tech space.

Want to go deeper? Clients can download our mental health tech market map here (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=57dacdc7a2&e=d62ca003c7) .

https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=cf33742ec6&e=d62ca003c7

Here are a few more notable trends covered in the report:
* What happened in healthcare IT (page 131 (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=e60dc58576&e=d62ca003c7) )? Will this continue in 2022?
* In Q4, US digital health funding (page 146 (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=97b46b9d4e&e=d62ca003c7) ) hit an all-time high, even though deals sank to a low for the year (it’s typical to see fewer deals in Q4 due to the holidays).
* While M&A exits (pages 65-66 (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=dd55fc09b0&e=d62ca003c7) ) soared in 2021 on the whole, they dipped meaningfully in Q4 (this has not been historically seasonal).

If you want to see how your favorite sector performed, check out the “Collection Spotlights” section, which begins on page 83 (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=360bcc7859&e=d62ca003c7) .

Preliminary survey results

Earlier this month we surveyed our audience for 2022 healthcare predictions. We plan to unveil the responses in the next newsletter.

Until then, I wanted to share the results of our bonus question, ”When will you wake up and not think about Covid?”

Nearly half (44%) of our audience picked “After 2023,” which is a big change from June 2021, when just 18% of you selected that option.

Stay healthy,
Marc Albanese (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=a6f2990166&e=d62ca003c7)

P.S. Thank you to Amanda (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=d4b485d71f&e=d62ca003c7)  and Nicole (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=117de54447&e=d62ca003c7)  for your help compiling the newsletter this week!

P.P.S. Are you looking for the best place to write data-driven healthcare research? We are hiring for a senior analyst on our healthcare team (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=4d78da1730&e=d62ca003c7) .

CB INSIGHTS HITS

Healthcare Research: Startups, Trends, Tech Solutions & More. (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=951a587727&e=d62ca003c7)

Here’s a sample of our digital health and healthcare research on the sector’s investment and funding trends, business models, tech solutions, and more. Read it here (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=82c24532c1&e=d62ca003c7) .

[Client Research] Tech Market Map Report —

Digital Therapeutics In Healthcare.

(https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=f1a3378df0&e=d62ca003c7)

This report highlights 150 digital therapeutics companies that are addressing 15 distinct therapeutic areas, from smoking cessation to anxiety and depression. Read it here (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=ebb1bd80f3&e=d62ca003c7) .

[Client Research] Why Healthcare Providers Are Prioritizing Digital Patient Payments. (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=f5511b9a5b&e=d62ca003c7)

Digital patient payments have garnered high market momentum and widespread industry leader activity in the revenue cycle management space — making it an industry worth prioritizing. Read it here (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=7f5edfb70f&e=d62ca003c7) .

[Client Research] Tech Market Map Report — Clinical Trials In Healthcare. (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=983995d94d&e=d62ca003c7) This report looks at the clinical trials tech companies serving pharmaceutical companies and CROs. Read it here (https://cbinsights.us1.list-manage.com/track/click?u=0c60818e26ecdbe423a10ad2f&id=e0c17d0cec&e=d62ca003c7) .

SOURCE

based on e-mail from

CB Insights <healthcare.insights@cbinsights.com> Thu, 20 Jan 2022 15:03:47 +0000