As 2022 attracts to an in depth, MobiHealthNews requested digital well being executives concerning the greatest surprises and most noteworthy occasions that befell over the previous 12 months.
Whereas the financial setting proved more difficult for startups, leaders famous a number of main offers – significantly by giant retail gamers – and argued that consolidation could possibly be a much bigger pattern subsequent 12 months.
Guillaume de Zwirek, founder and CEO of Artera (previously WELL Well being)
“Although not stunning, the market downturn was a noteworthy occasion this 12 months. Even if you spot a market bubble, you typically don’t know when it is going to burst. One other noteworthy pattern is how retailers are transferring aggressively to reshape their companies and supply care for giant populations. Examples: Walgreens with VillageMD, CVS with Signify Well being, Greatest Purchase with Present Well being and Amazon with One Medical.”
Russell Glass, CEO of Headspace Well being
“Level options throughout digital care, and specifically, digital psychological well being, have begun to be absorbed by bigger telemedicine and platform firms. In 2023, as market pressures and extra restricted accessible funding drive continued consolidation, I believe we’ll proceed to see this phenomenon play out – however at a good sooner charge than we noticed in 2022. And people who have scale, well-established unit economics and a transparent path to profitability will emerge because the winners.”
Dr. Jon Bloom, cofounder and CEO of Podimetrics
“From a digital well being perspective, 2022 was a reset 12 months for a lot of and a critical actuality examine. We went from sky-high development to the sky is falling, and in 2023 I believe this market-correction motion will proceed ahead. To me, the largest shock of 2022 was that, regardless of the market tanking, digital well being firms continued to truck ahead with large offers. This contains large acquisitions like Amazon and One Medical, in addition to offers like CVS Well being and Signify.”
Vijay Ravindran, CEO of Floreo
“The post-COVID setting is now upon us. Telehealth as a necessity has receded a little bit within the reopening of America.
The layoffs in Massive Tech current an unprecedented alternative to recruit top-shelf expertise to startups that do have funding for the following couple of years. Nice companies are prone to be accelerated by the expertise that’s now accessible and prepared to take the relative safety of a startup that’s effectively funded over the uncertainty with bigger firms grappling with the economic system’s macro points.”
Christopher Lis, managing director of world healthcare intelligence at J.D. Energy
“The trajectory of funding and spending in Q1 and Q2 2022 could possibly be seen extra as adjustment durations after a growth seen in 2021. This shift isn’t stunning, however nonetheless noteworthy. Whereas funding was down, M&A deal quantity noticed a small uptick in Q3 2022. Extra usually, adoption of digital instruments has grown considerably amongst all physicians no matter gender, specialty or age. The common variety of digital well being instruments in use by a doctor grew from 2.2 in 2016 to three.8 in 2022.”
