INDUSTRY TRENDS: BY THE NUMBERS Compiled by Cari Kraft, Jacobs Management Group, Inc.
478
Number of deals made in digital health by med device companies Digital health investment is climbing significantly. Just in the medical device sector, investment has topped $5B, representing 478 deals. Telehealth came in next, at $2.8B, followed by Healthcare AI at $2.1B, and health plans and clinical trials, both at $1.4B. Source: CB Insights, Q3 ’20 Report
26.3%
Number of healthcare companies on-target with plan during Covid-19 According to a study done by Reuters, over 26% of healthcare executives report that their companies are in line with their plans for the year, even factoring in the effects of Covid-19. Another 11% are above plan, and over 33% are below. Source: Reuters, Beyond Covid-19: Life sciences reimagined (see report in this issue)
Decrease in health spending from 2019 The year-to-date spending on health services is down about 2% from last year, and may end up lower than it was in 2019. At its low point in April when the pandemic first really hit, spending on health services had fallen an extraordinary 32% on an annualized basis This is the first time expenditures for patient care have fallen year-over-year since data became available in the 1960s . Source: Kaiser Family Foundation, COVID-19 Is Causing Health Spending to Go Down, December 2, 2020 35 | HS&M NOVEMBER/DECEMBER 2020
2%
