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.


We are very pleased to share with you our FY 2020 Europe Digital Health Ecosystem report: the deep dive, go-to-reference reportage on key digital health ecosystems across the region.

In this report, we focus our analysis on the venture funding key trends, noteworthy deals, exits, partnerships and investors as well as deep dive into five key focus areas for the region in 2020.

© Galen Growth 2023




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