Rock Health released their midyear review of the digital health space this week. 2015 continues to show robust growth, keeping at pace with 2014. Rock Health is doing excellent work to capture the sector’s activity. Below are some of my biggest takeaways from their review:
- Dollars in digital health totaled more than 8% of venture funding (US$2.1B) in the U.S.;
- Twenty-five percent of the money was funnelled to fund growth of Jawbone (US$300M) and NanHealth (US$200M);
- Wearables (mainly Jawbone), biosensors, big data and analytics (Health Catalyst) are areas of interest for investors;
- Larger life sciences venture funds are becoming more active in the sector;
- M&A activity is booming this year. In 2014, Rock Health tracked a total of 95 company acquisitions. Halfway through 2015, they have already witnessed 92 deals.
We cannot say the same thing about the sector North of the border. Why?