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Mercom: Digital health funding hits $7.2B globally in 2017

Mercom: Digital health funding hits $7.2B globally in 2017

Mercom Capital Group has released its annual report on funding, and merger and acquisition (M&A) activity for the Healthcare IT / Digital Health sector in 2017. Unlike reports released by other organizations like Rock Health and StartUp Health, Mercom's report covers Digital Health deals of all sizes across the globe; it has found that VC funding in the space has hit the record-breaking $7.2 billion figure, raised in 778 deals. This, according to Mercom, was a 42 percent increase from the previous record set in 2016 of $5.1 billion in 622 deals. Total corporate funding for Healthcare IT companies -- including debt and public market financing -- climbed to $8.2 billion in 2017, a 47 percent increase from the $5.6 billion raised in 2016. Digital health companies in the United States raised $4.9 billion in 2017 with the remaining $2.3 billion coming from other countries. Since 2010, the sector has accumulated $26 billion in VC funding in 3,450 deals and almost $8.6 billion in debt and public market financing (including IPOs), bringing the cumulative funding total for the sector to $34.3 billion. "Venture capital funding into Digital Health spiked after

Magellan Health to pilot PEAR Therapeutics' digital therapeutic reSET

Magellan Health to pilot PEAR Therapeutics' digital therapeutic reSET

The pilot program will enroll 250 patients with Substance Use Disorders (SUD) and offer each patient a 12-week course of reSET therapy.

Google files a patent for a smart bathroom

Google files a patent for a smart bathroom

The filing describes the usage of optical sensors placed in patients' devices or belongings to capture data on individual's cardiovascular function.

Nokia Sleep announced at CES

Nokia Sleep announced at CES

The sleep sensor is placed under the mattress from where it can track sleep cycles, and return back results to the Nokia Health Mate app.

Rock Health: 2017 digital health funding approaching $6B

Rock Health: 2017 digital health funding approaching $6B

It has found 2017 to be the record-smashing year for the industry, with the highest amount of venture funding and the most mega deals ($100M+) to date.

Neutrogena unveils dermatologist-grade at-home skin analysis tool

Neutrogena unveils dermatologist-grade at-home skin analysis tool

Neutrogena Skin360 and SkinScanner powered by FitSkin demystify skincare by tracking consumers' skin health and providing personalized skincare advice.

Omron unveils a real blood-pressure smartwatch

Omron unveils a real blood-pressure smartwatch

The company has also unveiled the Omron Blood Pressure Monitor + EKG, the first single at-home device in the U.S. that measures blood pressure and EKG.

WellDoc validates potential of BlueStar to reduce healthcare costs

WellDoc validates potential of BlueStar to reduce healthcare costs

The company worked with Truven Health Analytics to show that BlueStar can save on average a range of $254 to $271 per user per month.

StartUp Health: Digital health investment hits $11.5B in 2017

StartUp Health: Digital health investment hits $11.5B in 2017

The company has found that Q4 2017 was the largest fourth quarter on record with $2.3B of funding raised across 227 deals.

HealthTap for Good offers free doctor consultations to underprivileged populations

HealthTap for Good offers free doctor consultations to underprivileged populations

The initiative will provide individuals with free virtual consultations with HealthTap Prime physicians via video, voice, or text.