In their mid-year report on the state of digital health investments, health IT incubator firm Rock Health reported venture capital investment in digital health companies grew 12% in the first six months of 2013.
All told, that’s $849 million in venture capital directed toward a market estimated to be valued at $6.6 billion this year and $20.7 billion by 2018.
Nonetheless, some venture capitalists still can’t get enough of the products and applications that make the most of mobile, particularly in the realm of health and fitness.
“During the first 8 months of 2013,” reads a new blog entry from Cayenne Consulting, “the top three recipients of VC funds in mobile health segment were Proteus Digital – a smart-pill maker, Fitbit, maker of popular fitness measurement bands, and Withings, another maker of fitness bands.”
In the same blog entry, Cayenne shared a table highlighting the top 10 investments in the mobile health sector. To view the full post, click here.
“Overall, we believe healthcare will be revolutionized by mobile, and we are bullish on the macro-economic impact from venture-backed startups,” says Rajiv Chand, Managing Director and Head of Research at Rutberg and Company.
“We caution that it is very difficult to grow companies within the sector and that although several companies are emerging as breakout leaders, most are struggling with adoption and/or revenue growth,” Chand goes on to warn. “Of note, the tremendous innovation in mobile health startups is impressive.”