State of Digital Health in Q2'22

Updated: Sep 8

1) According to the latest CB Insights Q2 2022 State of Digital Health Report:

- $7.1B Global digital health funding — down 32%.

Global digital health funding declined for the second consecutive quarter, falling 32% from Q1'22 and 58% from its all-time high in Q2'21.

The decrease in funding and deals affected almost all areas of digital health (except for Health IT) and mirrored the broader downtrend of the financing for all private companies.

- $2.8B In health IT funding, up 27%.

Funding to the health IT sector increased 27% QoQ, bucking the downward trend seen across all other digital health sectors. This marks the sector's third highest funding quarter ever.

2) Read McKinsey & Company's article about forces that might cause the fact that Q2 2022 funding in the health IT sector is the only digital health sector in which funding doesn't slow down.

Health workforces face understaffing, underfunding, and underappreciation that causes health worker shortages.

These shortages existed before the pandemic; globally, the health workforce fell short by approximately 43 million in 2019.