Of The very biggest 10 nations for well being tech VC funding (between 2016-2021 YTD), the U.S. leads globally with $31.9 billion in VC funding So far this yr, Based mostly on new evaluation. In second place was China with $4.1 billion, whereas the U.K. Is out there in third with $3.8 billion. U.K. well being tech funding has risen from simply $420 million in 2016, An enhance of 9 occasions, whereas U.S. funding has enhanced by 3.4 occasions.
U.S.-based well being tech corporations proceed To draw the lion’s share Of worldwide VC funding, clustered Throughout the Bay Space, Ny and Boston. Over the previous two yrs funding has started To Wind up to be extra globally distributed, with funding much less concentpriced Throughout the U.S. and China, said the evaluation findings launched by Dealroom.co for London & Companions.
U.K. well being tech progress has traditionally been pushed by the so-referred to as “Golden Triangle” of London, Oxford and Cambridge, a area house To 5 universities Inside The very biggest 25 For all times sciences and medicine.
Europe is now the quickest-rising area globally for well being tech Based mostly on the findings, with European well being tech startups elevating $8.1 billion in 2021, up from $1.7 billion in 2016 and rising at a price of 4.9 occasions (As in contrast with North America at 3.5x and Asia 3.7x).