Healthtech Investments Stabilizing; Silicon Valley Bank Releases Future of Healthtech 2023 Report
SAN FRANCISCO, Oct. 4, 2023 /PRNewswire/ -- Despite ongoing public market headwinds, the healthtech sector is showing signs of resilience, according to the Future of Healthtech 2023 report from Silicon Valley Bank (SVB), a division of First Citizens Bank. In the first half of 2023, the sector saw the first positive public performance trends in over a year with stock trading up the first two quarters. M&A deal volume is also on the rise with activity expected to increase into 2024.
- SAN FRANCISCO, Oct. 4, 2023 /PRNewswire/ -- Despite ongoing public market headwinds, the healthtech sector is showing signs of resilience, according to the Future of Healthtech 2023 report from Silicon Valley Bank (SVB), a division of First Citizens Bank.
- In the first half of 2023, the sector saw the first positive public performance trends in over a year with stock trading up the first two quarters.
- "Following a steep drop in 2022, venture fundraising has rebounded and there is significant dry powder for right-sized investment into the healthtech sector.
- Ebert, along with other leaders from SVB's Life Science and Healthcare Banking practice, will be sharing the report at the upcoming HLTH conference.