Includes telehealth services, digital health platforms, virtual care coordination and health and wellness services.

In the News: No Digital Health companies went public in 2023, a stark contrast from the recent peak in 2021 where 13 Digital Health companies with an aggregate deal value of $11.5B went public. Market conditions have been a result of the lack of public listings where valuations are viewed not to meet expectations. There is an expectation that there will be large funding rounds and potential public listings in 2024. Pitchbook reports the aggregate value of Digital Health unicorns has increased and now sits at $95 billion. This is viewed as a backlog where companies might begin testing the public markets. As for technology advances in the Digital Health sector, Generative AI will continue to grow and have an impact in the sector to create efficiencies in care coordination and benefits navigation.