Europe Digital Health Ecosystem Key Trends FY 2020
Despite a year of pandemic headwinds and economic recession in all four corners of the world, digital health across the globe captured a record-breaking $25B (all currency in USD) in venture capital funding, which excludes all M&A and IPO activities, up 34% from 2019.
Our European report includes the 8 largest digital health markets, which we believe are representative of the European market as a whole: the U.K., France, Germany, Switzerland, Sweden, Denmark, Finland, and Spain.
Despite steady venture funding growth since 2016 and a strong Q1 2020, the European Digital Health ecosystem closed at US$ 1.31B in venture funding, 45% lower as compared to 2019. This excludes all M&A and IPO deal activities. Therapeutic focus deals in 2020 shifted toward Cardiovascular Diseases and Mental Health, while Telemedicine topped the Most Funded Digital Health Clusters.