The digital healthcare revolution will gain steam in the coming years as providers and patients look for new and better ways to improve care. Companies with strong offerings, management teams and balance sheets are poised to capture value.
In the first nine months of the year, healthcare deals were hot. They brought in a total of $21.3 billion in venture funding across 541 deals, dwarfing the previous record of $14.6 billion set in 2020.
With the use of data as the central currency of healthcare, the use of data will continue to lead the way in innovation.
Here are six emerging trends that we are watching closely.
Telemedicine will change how chronic conditions are treated.
According to data from McKinsey, virtual visits have increased almost 40 times since the Pandemic. Acute care was the center of most of these interactions. Telemedicine will need to engage patients more frequently if it is to achieve its full potential.
The companies that succeed will change the way patients interact with the healthcare system by building their entire operation around the patient experience.
As baby boomers age, the healthcare system will be put under more strain. Telemedicine will play a bigger role in diabetes. Last year, Teladoc Health acquired Livongo for $18.6 billion.
Entrepreneurs and investors are likely to expand into chronic care in the future. Someone in the U.S. has a heart attack every 40 seconds, and it costs the country $219 billion a year. Telehealth can be used to diagnose and treat cardiovascular disease. Patients in remote areas can get access to cardiologists with the help of Telehealth.
Telehealth players are expected to build their offerings in a meaningful way in 2022.
The future of healthcare will be changed by digital technology.
Digital therapy is the most innovative development in healthcare today and has the potential to dramatically change how care is delivered. This is the area where I believe we will see the most entrepreneurial and investment activity in the coming year.
