2022-03-16-CBInsights-2021_年数字健康状况报告（EN）_186页_3mb

State Of Digital Health Global 2021 Summary

Market Overview

• Funding Growth: Global digital health fintech investment reached $57.2B in 2021, an 79% YoY increase, with US funding accounting for $37.9B (75% growth from 2020).
• Mega-rounds: 154 mega-deals (≥$100M) in 2021, led by the US, with late-stage valuations doubling since 2020 (median $1.5B).
• Unicorn Surge: 85 unicorns globally, up 49% YoY, with US dominance (72% of unicorns).

Regional Highlights

• US Leadership: US funding led globally, with 303 deals in 2021 and a 75% YoY growth, driven by Series C- D acceleration.
• Asia Growth: $2.8B funding increase (62% YoY), with record deal counts in China and India.
• Europe Surge: $1.1B funding with 171 deals, surpassing Q4 2020 levels and gaining market share.
• LatAm Expansion: $340M funding at 57 deals, with early-stage dominance (72% of deals).

Sector Breakdown

• Digital Therapy: $3.4B funding increase (133% YoY), led by health-tech startups targeting chronic conditions and mental wellness.
• Mental Health: $5.5B funding and 139% YoY growth, accelerating post-pandemic.
• Asia-Pacific (APAC) : Strong performer in digital therapy and health tech.
• Telehealth: $4.7B funding, with Asia’s share tripling YoY.
• Health IT: Mixed funding (54% YoY increase) but declining early-stage share.

Investment Trends

• Late-Stage Shift: Late-stage deals larger, faster (median months reduced to 15), and less influenced by early-stage fatigue.
• VC Dominance: Venture capital led deal share, backing larger deals Q4 2021, with $6M/median deal size growth.

Exit Trends (Q4 2021)

• M&A Dominant: 574 global exits, driven by mergers & acquisitions, with Europe’s share rising.
• Valuation Flip: Median post-M&A valuations nearly tripled YoY.

Notable Deals & Insights

• Top Deals: Devoted Health ($1.1B, US), BetterUp ($300M, Mental Health), Magic Leap ($500M, Digital Therapy).
• Amp M&A Activity: Geographically diverse exits post-pandemic, with Latin America showing strong M&A growth.

Methodology Notes

• Metrics reflect verified equity financings only; excludes non-equity funding, debt, or restructuring.
• Numbers derived from credible sources like regulatory filings, firm confirmations, and press releases.