North America Digital Health Innovation 2023 Year End Report

Galen Growth is pleased to share with you our 2023 Year-End Report on Digital Health Key Trends in North America. This report looks across the Digital Health startup ecosystem to reflect on the 2023 trends and move the industry forward into 2024. Our analysis focuses on private ventures and includes most active partners, regulatory approvals and venture funding strength, among others.

HealthTech Alpha, a Galen Growth proprietary solution, and the world’s leading Digital Health private market data, intel and insights platform powers this report!

Highlights from the 2023 North America Digital Health Innovation Report

Despite global funding declines, North American Digital Health ventures navigate challenges to secure funding

  • North America saw a 29% decrease YoY in Digital Health venture funding in 2023, while Europe experienced a 42% decrease.
  • At the end of 2023, 43% of growth-stage Digital Health ventures in both North America and Europe had secured funding within the past 18 months.

Health Systems emerge as key partners, strengthening the North American Digital Health ecosystem through collaboration.

  • Health Systems (including private clinics and hospitals) took the largest share of new partnerships announced with North American-founded Digital Health ventures in 2023.
  • The number of partnerships between North American Digital Health ventures and Health Systems increased by 1.2x in 2023 compared to 2022.

AI Adoptions Gains Traction, Research Solutions Cluster Outperforms

  • 2% of North American Digital Health ventures leveraged Generative AI (GenAI) technologies in 2023, while an additional 41% used other forms of AI.
  • 19% of North American Digital Health ventures leveraging AI were in the Health Management Solutions cluster.
  • Research Solutions emerges as the top-funded Digital Health cluster, fuelled by AI. In 2023, it attracted 22% of the total regional funding.

Ventures and Companies Covered in the Report

The “2023 North America Digital Health Innovation Year End Report” includes data on the following companies:

Delve into the Digital Health Innovation 2023 Year End Reports for Europe and Asia Pacific

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Source of Data

Galen Growth’s proprietary platform, HealthTech Alpha, provides the data source for this report. Corporate Business Development, Business Intelligence, and Digital Health Partnership teams worldwide prefer HealthTech Alpha, the world’s most-trusted Digital Health data, intel, and insights platform. Visit to learn more about our data or research for our reports.

Our Mission

Founded in 2016 by Digital Health experts, Galen Growth empowers global Fortune 500 companies, institutional investors, and promising Digital Health ventures to fast track their digital health strategy to create significant financial and social values. To find out more, visit

HEADLINES: 9 pages, 13 charts, 5 tables
ECOSYSTEM INSIGHTS: 4 pages, 7 charts, 2 tables
INVESTMENT INSIGHTS: 6 pages, 23 charts
CLUSTER FOCUS: 4 pages, 3 charts, 1 table
THERAPEUTIC FOCUS: 3 pages, 3 charts, 1 table
DEEP DIVES: 17 pages, 25 charts, 4 tables
NOTEWORTHY: 4 pages, 5 tables

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