This is despite high numbers for digital healthcare funding worldwide.
Asia might not be a hotbed for digital healthcare as the latest report by Mercom Capital Group showed a slowdown in mergers and acquisitions (M&A) activity in 2020.
Their data showed that from 12 M&A deals amounting to $1.012b in 2019, it was reduced to seven M&A deals amounting to $41 this year.
Despite low numbers from Asia, Mercom still describes 2020 as the biggest year for IPOs in digital health worldwide, with total numbers showing an uptick in deal activity. There were 184 M&A transactions in 2020 compared to 169 in 2019, an estimated 9% increase.
Meanwhile, venture funding in the digital health sector worldwide went up 66% that Mercom estimates at $14.8b raised in 2020.
The top funded digital health categories in 2020 are Telemedicine, Data Analytics, mHealth Apps, Clinical Decision Support, Practice Management Solutions, and Wearable Sensors.
Do you know more about this story? Contact us anonymously through this link.