Tracxn, a global SaaS-based market intelligence platform, has released its comprehensive HealthTech India Report. The findings indicate a 55% YoY decrease in HealthTech funding, which dropped to $1.4 billion in 2022. The decline is primarily due to late-stage investments falling by 75%, from $2.4 billion in 2021 to $606 million in 2022.
In 2022, seed-stage funding decreased by 52% YoY, amounting to $75.2 million, while early-stage funding experienced a 26% YoY increase, reaching $743 million. Importantly, the first half of 2022 accounted for 70.3% of the total funds raised.
The HealthTech sector’s funding began to decline in Q4 of 2021, but the industry is predicted to see a resurgence in activity. This is thanks to increased digital adoption, supportive government policies, and technological advancements in areas such as AI, robotics, cloud computing, data analytics, and IoT.
The year 2022, despite witnessing a sharp drop in investments, still stands as the second-highest funded year in the past decade, after 2021. The increased focus on health and the subsequent rise in the use of digital health services have contributed to the sector’s growth.
