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Retail healthtech VC activity slows while deal values double
The pandemic has affected the retail healthtech industry in many ways. Virtual health providers benefited from higher reimbursements for telemedicine appointments. Increased telehealth usage has also likely boosted the market for remote patient monitoring and at-home test kits. In the meantime, gym closures have led to the growing popularity of exercise apps and home-based fitness devices.
Our latest quarterly Emerging Tech Research Retail Healthtech Update examines significant industry trends, VC deal activity, exit data and new business opportunities.
Takeaways include
- While Q2’s retail healthtech deal value dropped slightly from Q1, median deal size doubled to $52.2 million largely as a result of fitness- and nutrition-related mega-deals.
- Driven by the public listing of 23andMe and Accolade’s acquisition of telehealth startup PlushCare, VC exit deal value more than doubled to $1.7 billion.
- Emerging opportunities in the industry include: behavior modification tools, startups applying recent academic research to direct-to-consumer gut health solutions and technologies aiming to improve sleep.