Global venture capital (VC) funding in digital health, including private equity and corporate venture capital, declined in 2019 with US$8.9 billion raised in 615 deals, a 6% drop compared to US$9.5 billion in 698 deals in 2018, according to a new report.
The Australian Physiotherapy Association says a lack of funds is preventing arthritis sufferers in the country — whose treatment costs $23.9 billion every year — from being treated with digital health options which have been found to be effective.
The latest strategic advancements in digital health, designed to improve service delivery and health outcomes in Australia, will be one of a number of key discussions at CeBIT Australia to be held in Sydney in May.
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