Digital Health in Europe: Investment Insights from Across the Pond
Led by Health 2.0 Chairman Matthew Holt, the Nov 3 webinar, EU vs US, Investments in Digital Health; highlighted important differences between health care markets in Europe and the United States, and elements that attract international investors. Panelists Lisa Suennen (Venture Valkyrie), Rosemary Cunningham-Thomas (Artemis Healthcare Ventures), Charles Stacey (Inventages), and Klaus Stockemann (Peppermint Ventures), shared their insights on the current climate of European digital health investment.
The consensus was that health IT market investments are increasing, but difficult to quantify because of the blurring of subcategories, such as pharmaceuticals, wearables, and other devices. The panel agreed that a lack of widespread EU digital health adoption has provided somewhat of a barrier to significant European investment. While Klaus conveyed widespread German unenthusiasm, Rosemary noted that success in the UK was bolstered by company activity and innovation at “pressure points”- such as diabetes management and psychological and mental health services- where the need for digital health solutions is great.
The investors spoke about the growing power of telehealth, which encompasses everything from virtual physician visits to peer to peer consultations, and the focus on telehealth to improve the quality and availability of care. When asked about their favorite digital health space, responses ranged from medical devices to mobile sensors to mass data aggregation, which will all assist in clinical decision making. To the investors, significant ‘turn-offs’ included vague descriptions of the company solution and of the problem it seeks to rectify as well as poor grasp of company financials and lack of research on an investor’s background.
This webinar is part of the GET project, which aims to provide mentorship and funding support to digital health startups in Europe. GET helps companies hone their business plans, matches them with investors, and serves as a gateway to global markets through the creation of cross-border contacts, resources, and opportunities.
Listen to the entire webinar, visit us here!