As 2022 attracts to an in depth, MobiHealthNews requested digital well being executives in regards to the greatest surprises and most noteworthy occasions that passed off over the previous 12 months.
Whereas the financial setting proved tougher for startups, leaders famous a number of main offers – significantly by massive retail gamers – and argued that consolidation could possibly be an even bigger development subsequent 12 months.
Guillaume de Zwirek, founder and CEO of Artera (previously WELL Well being)
“Although not shocking, the market downturn was a noteworthy occasion this 12 months. Even whenever you spot a market bubble, you usually don’t know when it would burst. One other noteworthy development is how retailers are shifting aggressively to reshape their companies and supply care for big 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 corporations. In 2023, as market pressures and extra restricted accessible funding drive continued consolidation, I feel we’ll proceed to see this phenomenon play out – however at an excellent quicker 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 severe actuality examine. We went from sky-high progress to the sky is falling, and in 2023 I feel this market-correction motion will proceed ahead. To me, the largest shock of 2022 was that, regardless of the market tanking, digital well being corporations continued to truck ahead with big offers. This contains huge 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 slightly within the reopening of America.
The layoffs in Huge Tech current an unprecedented alternative to recruit top-shelf expertise to startups that do have funding for the subsequent couple of years. Nice companies are more likely to be accelerated by the expertise that’s now accessible and keen to take the relative safety of a startup that’s nicely funded over the uncertainty with bigger corporations grappling with the financial system’s macro points.”
Christopher Lis, managing director of worldwide 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 increase seen in 2021. This shift isn’t shocking, 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.”