Digital health funding soared to record-breaking levels during the COVID-19 pandemic in 2021, boosted by the rapid uptake of telehealth and other digital health technologies that aimed to preserve access to care.
But investment began to decline in 2022, and dipped even further last year. The fourth quarter of 2023 marked the lowest investment quarter for digital health since the third quarter in 2019, with startups only bringing in $1.9 billion across 122 deals, according to Rock Health’s latest report.
