Investment in Global Virtual Care Skyrocket

This article by Fierce Healthcare highlights how much more investment in technology and virtual care has increased from 2020. "Digital health investment around the world hit an all-time high of $57.2 billion in funding in 2021, fueled by the growing need to provide digital solutions and delivery models to patients during the pandemic. The record-breaking funding marks a 79% jump from the $32 billion raised globally in 2020, according to a year-end report by market intelligence firm CB Insights."

On top of this growth, significant funding has gone to digital mental health spaces and telehealth. 

"The digital mental health space was growing rapidly even before the COVID-19 pandemic but stress and anxiety brought on by the health crisis have accelerated demand for virtual behavioral health services, including mobile mental health apps. Global funding to mental health tech startups reached $5.5 billion in 2021, jumping 139% from $2.3 billion in 2020. The majority of 2021 deals (68%) were early-stage –indicating room for further growth in the mental health tech space."

"Telehealth funding hit a new high in 2020, pulling in $17.6 billion, up 68% from $10.5 billion the prior year."

These numbers highlight the exciting increase in innovation and adoption in the virtual care industry. As we start this new year in 2022, the UMTRC will be focused on tracking the latest and greatest innovations in virtual care and bringing it to you. A quote from Arthur C. Clarke says "The only way to discover the limits to the possible is to go beyond them into the impossible." The UMTRC plans to see these significant investments in virtual care change the tide on the ways consumers and patients receive care and we hope we can work with you to learn about and adopt these new technologies as they are developed. 

Read the full article at this URL: Global digital health funding skyrockets to $57.2B with record cash for mental health, telehealth | Fierce Healthcare