Israeli digital health firms can expect a large influx of investments in 2022, a new survey released last week by the Israel Advanced Technology Industries, the umbrella organization of high-tech and life science industries, indicates.
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According to Start-Up Nation Finder, the digital health sector currently has over 1,400 digital health and medical technology startups.
The IATI survey, conducted by the McKinsey & Company group among 25 venture capital funds and investment firms – including, among others, OurCrowd, aMoon, Entree Capital, Pitango, and Jerusalem Venture Partners – noted that the digital health sector had a strong showing in 2021 and could expect 2022 to be just as successful.
A breakdown of the findings by tech and innovation website NoCamels noted that 60% of investors expect to invest more in digital health in 2022, while 36% said they expect to invest the same amount as 2021.
Only 4% said they expect to invest less in digital health than investments in 2021.
IATI CEO Karin Mayer Rubinstein told financial daily Globes that the effects of the coronavirus pandemic "have led to various breakthroughs in the world. In these two significant years, we have seen more venture capital funds and investment bodies, not necessarily those associated with the field, that have entered to influence and invest in medical technologies."
Gila Tolub, a partner at McKinsey, told NoCamels that the findings were in line with international trends.
"We see more money flowing into technological solutions that can identify and diagnose patients' exact medical conditions, or streamline drug research and development processes."
Israeli startups had a record-breaking year in 2021 security over $25 billion. Israel also named 33 private companies as |unicorns" – meaning they were valued at over $1 billion.
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Start-Up Nation Central's data shows that the Israeli health tech industry currently comprises over 750 startups, 2021 was a landmark year for Israel's digital health sector, raising a record $1.9 billion, an increase of 121% from the previous year.
According to NoCamels, eight Israeli startups were named to the prestigious Digital Health 150 in December. The annual global ranking by New York-based research firm CB Insights, lists the 150 most promising companies using digital technology to transform the healthcare industry.
This article first appeared in NoCamels.com
