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July 2020

Digital Medicine

As anticipated, the global pandemic set the stage for a major shift in healthcare delivery. Digital health companies with remote patient monitoring capabilities sparked the interest of many investors. In the first half of 2020, these companies received more than $6.3 billion in funding globally. Further, telehealth usage by physicians increased more than 200% year-over-year. A partial reason for the rapid expansion of the digital health industry is the ongoing support by the US government for the deployment and insurance coverage of telehealth visits. Experts are expecting virtual healthcare visits to top 1 billion by the end of 2020, with up to 900 million virtual COVID-19 medical care visits this year. As a result, we are expecting activity in the space to remain strong for the rest of 2020.