It has been a few years since investors began to take note of the changing landscape of the health industry. #HealthTech is blurring the lines between medical technologies, digital devices and diagnostics.
The COVID-19 pandemic has accelerated the digital transformation in healthcare faster than ever imagined.
“We were talking about healthcare in 2030. But what we are seeing now is that 2030 is going to arrive in 2021 because COVID-19 has reshaped the culture and the policy around the use of technology, and anything we thought would take a decade to do is going to be an expectation for next year.”
Dr. John Halamka, who leads the health system’s digital transformation of Mayo Clinic
We are geared towards a complete shift in the way healthcare data is collected, monitored and shared to support the rapidly evolving needs in healthcare delivery. #Healthtech industry shows signs of resilience in the current market environment given revenue models, lower cyclicality and increase demand for affordable healthcare services. Innovations in patient engagement coupled with remote healthcare monitoring technology and #AI will reshape the way healthcare is accessed. We are at the cusp of that point where digital health will no longer be viewed in isolation. #HealthTech is the new face of the industry and is here to stay. Forever!
We tried to cover some healthcare IT industry trends in the M&A space.
- The global healthcare technology market is projected to reach USD 390.7 billion by 2024
- Strategic M&A surpassed USD 8 billion in the first half of 2020, which demonstrates the growth and increase in interest for healthcare technology in the current climate.
- Total deal value in venture capital and corporate M&A are on pace to double 2019 values, with notable transactions currently in progress including Teladoc’s acquisition of Livongo for USD 18.5 billion
Access the full “HealthTech M&A Insight September 2020” below
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