debtInvestment in healthtech startups in the first half of 2024 remains well below the high levels seen immediately after the COVID-19 pandemic, but some indicators suggest stabilization and the sector is even beginning to show signs of a revival.
Healthtech startups have raised $5.7 billion in the first half of this year, on pace to slightly surpass the $10.7 billion total raised in 2023, according to a report from Rock Health, an investment and consulting firm.
Healthtech investment exploded from 2020 to 2022, fueled by low interest rates and high expectations for lasting healthcare transformation brought on by the pandemic. Startups raised $29 billion in 2021. But economic uncertainty has led to a more muted outlook. Investment volumes rebounded last year and have barely budged since.
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