HealthLeaders Media January 14, 2020
The average digital health deal size topped $23 million, according to a Stanford Medicine report.
Venture funding in digital health totaled $8.4 billion in 2019, up $200 million year-over-year, according to Stanford Medicine’s 2020 trends report.
Researchers said the digital health market is maturing, having grown from $1.1 billion in total funding in 2011 with only 93 deals made.
Last year, Stanford estimated that 360 digital health deals were made, with the average deal size topping $23 million.
The report attributed this strong performance to several digital health companies going public along with major corporations acquiring digital health companies in multi-billion dollar deals, specifically citing Google’s $2.1 billion purchase of FitBit.
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