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This report was updated on June 4, 2021 to correct a chart error on page 7.
VC interest in retail health & wellness tech sets a record
Increasing healthcare costs have given rise to consumer-focused healthcare products that aim to improve health and wellbeing for less. Venture funding for retail health & wellness tech startups set a record in the first quarter of 2021 with $4.2 billion invested across 153 deals.
Our latest installment of the Emerging Tech Research report provides an overview of the latest developments and opportunities in the retail health & wellness tech vertical, including valuations, exits and the effects of the COVID-19 pandemic. Among the takeaways:
- We expect investment into the vertical to remain robust for the rest of the year, especially among virtual health and personalized medicine & testing providers.
- Remote patient monitoring devices, such as wearable blood pressure cuffs and pulse oximeters, have proven to provide strong outcomes at low costs. Data collected from these devices are opening doors to new data-driven treatments.
- Opportunities for fitness tech startups, which raised record VC funding in 2020, are likely to remain strong even as consumers return to the gym post pandemic.