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.