CB Insights report: International telehealth funding remains to be on the rise
A brand new report from CB Insights discovered that international telehealth funding rose for the fourth consecutive quarter in Q2 of 2021 – with teletherapy offers representing a considerable share.
The State Of Telehealth report discovered that a lot of the expansion was pushed by accelerating digital transformation initiatives, in addition to affected person expertise prioritization.
On the identical time, stakeholders and thought leaders voiced considerations about well being inequity, and lobbyists mounted the strain for long-term regulatory reform.
WHY IT MATTERS
The telehealth practice has continued to chug alongside, regardless of dire warnings from well being advocates about what would possibly occur if the general public well being emergency expires with none motion from Congress.
Certainly, the CB Insights report was optimistic from a monetary perspective: It discovered that international telehealth funding grew 17% quarter-over-quarter in comparison with Q1 of 2021, and 169% year-over-year, to achieve a report excessive of $5 billion throughout 163 offers.
So far as segments go, telemedicine suppliers, platforms and marketplaces noticed their first decline in six quarters, with mergers and acquisitions at a report excessive.
In the meantime, teletherapy – particularly with regard to psychological well being and persistent illnesses – was an investor hotspot, and digital care enablement firms noticed a funding excessive.
Distant monitoring and diagnostics firms raised $841 million throughout 33 offers, with decentralized lab checks and important signal displays flagged as notable enterprise growth areas.
And telepharmacy had a powerful funding quarter, notably when it got here to direct-to-consumer manufacturers.
The report additionally discovered that telehealth visits look like stabilizing at ranges above these pre-pandemic, though they’re nonetheless under the charges seen in March and April 2020.
THE LARGER TREND
Retail giants in the USA look like betting massive on telehealth, even amidst looming uncertainty about its regulatory future.
Walmart Well being and Amazon Care have each signaled their plans to increase digital care all through the nation, whereas established telemedicine vendor Amwell introduced two acquisitions this week.
However it’s not all rosy: Amwell competitor Teladoc reported a $133 million internet loss this previous quarter.
ON THE RECORD
“Whereas all telehealth segments noticed acquisitions throughout the quarter, the 2 largest sizzling spots had been digital/digital care enablement and telemedicine suppliers, platforms and marketplaces,” noticed CB Insights researchers.
Kat Jercich is senior editor of Healthcare IT Information. Twitter: @kjercich Electronic mail: firstname.lastname@example.org Healthcare IT Information is a HIMSS Media publication.