Is the digital health market booming? While Covid-19 is proving to be a detrimental force to the global economy, one sector that is proving resistant to this novel coronavirus is digital health.
According to market analyst company, CB Insights, global digital health equity funding grew by 73% to reach $8.4B (USD) in the third quarter of 2020. This huge growth set a new record for the sector.
Global growth is being driven by investment in North America and Asia – including deals such as investment in China-based telehealth platform, JD Health, which is preparing to list on the Hong Kong stock exchange.
In Europe, digital health funding saw a decrease, relative to Q2 2020 figures.
Here in Australia, Visionflex is a leading provider of cutting-edge telehealth technology, supplying its equipment to clients across the country including NSW Health, Melbourne Health, Royal Flying Doctor Service, and Telstra Health.