Enterprise Healthtech Report

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This report was updated on May 12, 2022 to remove incorrect market size estimates and related charts. 

Enterprise healthtech matures as digitization drives VC funding

Enterprise healthtech startups raised $20.2 billion in funding in 2021, a 67% increase over the previous year, as the industry matures and late-stage deals proliferate.

The sector's market size is expected to reach $1.3 trillion by 2025, as digitization continues to expand across multiple facets of the healthcare industry, according to our 2021 Annual Enterprise Healthtech Report.

Key takeaways

• Exit value skyrocketed in 2021, with $36.2 billion in total—more than six times the total value in 2020—driven predominantly by strong IPO activity among insurtech companies.

 

• Operations & care management startups continue to benefit from an increase in patient data and the adoption of value-based care, with the segment driving nearly a third of deal value last year.

 

• Late-stage deal count and value both rose in 2021, with startups in segments like prescription tech taking advantage of shifting consumer behavior.