Record investment in global healthtech sees 280% increase on 2016 levels

A report $51.3 billion (£38.1bn) has been invested in international healthtech this 12 months, up 280% on 2016 ranges.

The COVID-19 pandemic has catalysed funding in an already rising healthtech sector, with new funding highs reached for corporations utilizing expertise to enhance analysis, supply, fee and consumption of care.

The US leads globally with $31.9 billion (£23.7bn) in enterprise capital funding thus far this 12 months, with China’s $4.1 billion (£3bn) occupying second place and the UK coming in shut behind at $3.8 billion (£2.8bn).

The figures come from London promotional company London & Companions and database administration firm Dealroom.

THE LARGER TREND

Probably the most vital enhance was seen within the UK, the place healthtech funding has risen by 9 occasions (with US funding rising by 3.4 occasions).

In Europe, London is the main hub for healthtech funding during the last 5 years, with funding rising 11.1 occasions quicker than within the Bay Space, New York and Boston.

UK analysis centres London, Oxford and Cambridge kind a ‘Golden Triangle’ which is dwelling to 508 healthtech startups which have been receiving rising curiosity from enterprise capitalists between 2016 and 2021. The bulk (408) of those corporations are London-based, with a complete worth of $21.3 billion (£15.8 billion), the biggest in Europe.

Enterprise expertise isn’t the one sector receiving rising funding. The quickest rising subsector in London is distant monitoring and wearables, elevating $345 million (£256.4 million) thus far this 12 months, up from $17 million (£12.6 million) in 2016. Different fast-growing healthtech subsectors in London embrace drug growth with AI, dwelling take a look at start-ups and digital medical health insurance.

ON THE RECORD

Laura Citron, CEO at London & Companions, says: “These findings display that the UK and US are main the way in which for innovation on this sector and tech hubs like London, the Bay Space and New York are key companions for collaboration.

“The UK’s Golden Triangle is dwelling to world-class universities for all times sciences and drugs, a deep analysis and growth panorama and devoted funding and authorities help. These components make London, Oxford and Cambridge a world-leading innovation hub for all times sciences and healthtech.”

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