Ecosystem Analysis

In this executive summary, Galen Growth is providing a teaser of the China Digital Health Ecosystem Key Trends Thematic Report.

Galen Growth is pleased to share with you this report on the Global Digital Health Ecosystem in China. We take a deep look at the macro and microeconomic conditions that make mainland China a hotspot globally for digital health. This is complemented by an analysis on the venture categories, partnerships, key trends, noteworthy deals, exits, and investors.

China Digital Health Ecosystem Analysis and Key Trends Executive Summary

In this report, find an in-depth analysis of China’s Digital Health ecosystem, including:
 <ul>
 <li>Ecosystem Insights
 <ul>
 <li>Digital Health Readiness Index</li>
 <li>Macroeconomics –&nbsp;Political, Economic, Social and Technological</li>
 <li>Internet Hospitals</li>
 <li>Partnerships and regulatory approvals</li>
 </ul>
 </li>
 <li>Investment Trends</li>
 <li>Therapeutic Focus –&nbsp;Oncology, Neurology, Pediatrics, Cardiovascular Diseases, Gynaecology</li>
 <li>Cluster Focus – Venture Volume by HealthTech Cluster, Average Venture Maturity by HealthTech Cluster, Partnerships by HealthTech Cluster and more</li>
 <li>Deep Dives into Online Marketplace and Wellness</li>
 <li>Noteworthy Partnerships, Deals and Exits</li>
 </ul>

Galen Growth is pleased to share with you this report on the Global Digital Health Ecosystem in China. We take a deep look at the macro and microeconomic conditions that make mainland China a hotspot globally for digital health. This is complemented by an analysis on the venture categories, partnerships, key trends, noteworthy deals, exits, and investors. With unmatched, unparalleled and indispensable coverage of the global digital health ecosystems, this report is powered by HealthTech Alpha, a Galen Growth proprietary solution, and the world’s #1 digital health private market data and analytics platform. China’s ecosystem is excelling in digital health readiness and implementation, even though the macroeconomic conditions are limiting access to technology in rural parts of the country and slow acceptance due to the low cost of basic care. The digital health ecosystem feels threatened by governmental probes into data security and new data privacy laws. However, long-term, increased data security regulation could pave the way for Chinese ventures to get a foothold in international ecosystems, such as Europe, and improve overall macroeconomic conditions in China’s Digital Health Readiness Index. Globally, 11% of venture funding in digital health in H1 2021 was deployed to ventures in China, with cumulative H1 funding of $2.53B, which is a rebound to just above 2019 levels after dropping 72% in H1 2020 amid the uncertainty of the pandemic. Digital Health ventures mentioned in the report includes: <a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Miaoshou/38327">Miaoshou</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Miaoshou/38327"> (</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Miaoshou/38327">妙手医生</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Miaoshou/38327">)</a>,&nbsp;<a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/yaoshibang/39585">Yaoshibang</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/yaoshibang/39585"> (</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/yaoshibang/39585">药师帮</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/yaoshibang/39585">)</a>, <a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/keep/33381">Keep (Keep)</a>, <a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/supermonkey/42940">Supermonkey</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/supermonkey/42940"> (</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/supermonkey/42940">超级猩猩</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/supermonkey/42940">)</a>, <a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/ddky/35629">ddky</a> <a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/ddky/35629">(</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/ddky/35629">叮当快药</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/ddky/35629">)</a>,&nbsp;<a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/xtalpi/39722">XtalPi</a>&nbsp;<a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/xtalpi/39722">(</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/xtalpi/39722">晶泰科技</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/xtalpi/39722">)</a>,&nbsp;<a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/MediTrust-Health/103821">MediTrust</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/MediTrust-Health/103821"> Health </a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/MediTrust-Health/103821">(</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/MediTrust-Health/103821">镁信健康</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/MediTrust-Health/103821">)</a>,&nbsp;<a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/yidu-cloud/40648">Yidu</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/yidu-cloud/40648"> Cloud </a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/yidu-cloud/40648">(</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/yidu-cloud/40648">医渡科技</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/yidu-cloud/40648">)</a>,&nbsp;<a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Basecare-Medical/33276">Basecare</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Basecare-Medical/33276"> Medical </a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Basecare-Medical/33276">(</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Basecare-Medical/33276">贝康医疗</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Basecare-Medical/33276">)</a>,&nbsp;<a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/GeneMind-Biosciences/47774">GeneMind</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/GeneMind-Biosciences/47774"> Biosciences</a>&nbsp;<a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/GeneMind-Biosciences/47774">(</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/GeneMind-Biosciences/47774">真迈生物</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/GeneMind-Biosciences/47774">)</a>,&nbsp;<a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Yitu-Medical/33477">Yitu</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Yitu-Medical/33477"> Medical</a>&nbsp;<a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Yitu-Medical/33477">(</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Yitu-Medical/33477">依图医疗</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Yitu-Medical/33477">)</a>,&nbsp;<a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/More-Health/33410">More Health (</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/More-Health/33410">妙健康</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/More-Health/33410">)</a>, <a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/AcornMed/48476">AcornMed</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/AcornMed/48476"> (</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/AcornMed/48476">金橡医学</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/AcornMed/48476">)</a>,&nbsp;<a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Jianke/33371">Jianke</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Jianke/33371"> (</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Jianke/33371">健客</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Jianke/33371">)</a>,&nbsp;<a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/WeDoctor/33343">WeDoctor</a>,&nbsp;<a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/haodf-com/33347">Haodf.com</a>,&nbsp;<a style="color: #000000;" href="https://healthtechalpha.com/digital-health-startups/dxy/33321">DXY</a>&nbsp;<a style="color: #000000;" href="https://healthtechalpha.com/digital-health-startups/dxy/33321">(</a><a style="color: #000000;" href="https://healthtechalpha.com/digital-health-startups/dxy/33321">丁香园</a><a style="color: #000000;" href="https://healthtechalpha.com/digital-health-startups/dxy/33321">)</a>,&nbsp;<a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Linkedcare/33394">Linkedcare</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Linkedcare/33394"> (</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Linkedcare/33394">领健</a><a style="color: #000000;" href="https://www.healthtechalpha.com/digital-health-startups/Linkedcare/33394">)</a>,&nbsp;<a style="color: #000000;" href="https://healthtechalpha.com/digital-health-startups/chemical-ai/104305">Chemical.AI (</a><a style="color: #000000;" href="https://healthtechalpha.com/digital-health-startups/chemical-ai/104305">智化科技</a><a style="color: #000000;" href="https://healthtechalpha.com/digital-health-startups/chemical-ai/104305">)</a>,&nbsp;<a style="color: #000000;" href="https://healthtechalpha.com/digital-health-startups/synyi-ai/33449">Synyi.ai </a><a style="color: #000000;" href="https://healthtechalpha.com/digital-health-startups/synyi-ai/33449">(</a><a style="color: #000000;" href="https://healthtechalpha.com/digital-health-startups/synyi-ai/33449">森亿智能</a><a style="color: #000000;" href="https://healthtechalpha.com/digital-health-startups/synyi-ai/33449">)</a> <a href="https://www.galengrowth.com/product/china-digital-health-ecosystem-analysis-and-key-trends-executive-summary/">You may download the free Executive Summary here.</a> &nbsp; SCOPE OF THE REPORT: This report covers HealthTech ventures with incorporation date after 2002 in mainland China. Ventures incorporated outside of mainland China have not been included in this analysis. HealthTech is defined as the intersection between healthcare and technology and is also referred to as digital health. HealthTech does not include Biotech (protein research or pharmaceuticals), MedDev (devices that are mechanical and electronic in nature), neuro-stimulates, opioids and minimal-invasive instruments.

China Digital Health Ecosystem Analysis and Key Trends Thematic Report

Ecosystem Landscape

Find in-depth analysis of the Asia Pacific Digital Health ecosystem, including:
<ul>
 	<li>Investment Trends</li>
 	<li>Pipeline Maturity</li>
 	<li>Cluster Focus - Venture Maturity, Top Ventures in Key Clusters, Deal Volume</li>
 	<li>Therapeutic Focus - Highest Funded Areas</li>
 	<li>Deep Dive - Oncology, Cardiovascular Diseases, Online Marketplace, Research</li>
 	<li>Noteworthy Partnerships, Deals &amp; Exits</li>
</ul>

As the world is progressing towards an endemic situation, the investments in digital health innovations continued to surge to improve tools and services that will increase access to diagnosis, cure, care, and lower the rising healthcare costs across the globe. So far this year a total of US$21.8B in venture capital funding, excluding M&A, IPO and SPAC activities, has continued the strong upward trajectory in investments that kicked off in the second half of the year and closed at 2.2x from H1 2020
 
 
Download our report and get the most comprehensive digital health analysis in the market, including a look at the top ventures in the region like Weimai, LinkDoc, Unisound, Holmusk, Goodwill, Yuntai Network, Naxions, Kingdee, cure.fit, coodon.com, misfit, keep, FINC, Appscomm, Supermonkey, Jianke.com, Dingdang Medicine Express, PomDoctor, Genesis Healthcare, Medgenome, Standigm, Dxy, THB (Technology Healthcare Big Data Analytics), neoX, Ruixin Medical, Sky Labs, Miaoshou, PharmEasy, Insilico Medicine, Stonewise, 1mg, GeneMind Biosciences, Fitso, Pharmarack, Uprise, Yidu Cloud, Basecare Medical, Vuno, WellteQ, Audeara, LifeSemantics, FitPet, ddky, Linkedcare, More Health, DoctorOnCall, Ubie and more.

H1 2021 Asia Pacific Digital Health Ecosystem Key Trends

Despite a year of pandemic headwinds and economic recession in all four corners of the world, digital health across the globe captured a record-breaking $25B (all currency in USD) in venture capital funding, which excludes all M&A and IPO activities, up 34% from 2019.
 
 
In 2020, the APAC Digital Health ecosystem closed at US$ 6.14B in venture capital funding, 25% higher as compared to 2019. Again, excluding all M&A and IPO deal activities.
 
 
Despite venture funding significantly dropping in the first half of the year, the third and fourth quarter of the year represented the largest quarters in history, driven by an increased number of mega rounds in China in the second half of the year. When compared to the previous year, funding value in Series D & beyond stages was up 2.86x, while early stage funding continues to decrease.

We are very pleased to share with you our FY 2020 Asia Pacific Digital Health Ecosystem report: the deep dive, go-to-reference reportage on key digital health ecosystems across the region.
 
 
In this report, we focus our analysis on the venture funding key trends, noteworthy deals, exits, partnerships and investors as well as deep dive into five key focus areas for the region in 2020.

Asia Pacific Digital Health Ecosystem Key Trends FY 2020

Despite a year of pandemic headwinds and economic recession in all four corners of the world, digital health across the globe captured a record-breaking $25B (all currency in USD) in venture capital funding, which excludes all M&A and IPO activities, up 34% from 2019.
 
 
The United States Digital Health ecosystem closed the year at US$17.04B in venture capital funding, up 59% from 2019. This excludes all M&A and IPO deal activities.
 
 
After a strong Q1 for funding, the global shock from Covid-19 resulted in a weak Q2 for deal volume, but there was a rebound in H2 for a strong finish to the year. The impact of the pandemic is evident in cluster segmentation, where the highest-funded digital health cluster for 2020 is Telemedicine, and it is evident in the Therapeutic Focus area segmentation, where funding for Infections Diseases grew 5x from 2019 to reach $1.12B.

We are very pleased to share with you our FY 2020 United States Digital Health Ecosystem report: the deep dive, go-to-reference reportage on key digital health ecosystems.
 
 
In this report, we focus our analysis on the venture funding key trends, noteworthy deals, exits, partnerships and investors as well as deep dive into five key focus areas for the region in 2020.

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China Digital Health Ecosystem Analysis and Key Trends Executive Summary

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China Digital Health Ecosystem Analysis and Key Trends Thematic Report

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H1 2021 Asia Pacific Digital Health Ecosystem Key Trends

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Asia Pacific Digital Health Ecosystem Key Trends FY 2020

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United States Digital Health Ecosystem Key Trends FY 2020