Global Digital Health Intelligence Company Galen Growth and Integrated Marketing Agency FINN Partners Combine Strengths to Increase Information for First “Global State of Digital Health Report”

An inaugural Galen / FINN joint study to be published this November at HLTH will allow investors and strategic partners to separate “hype” from hope to prioritize resources

The practical value of digital solutions for accelerating access to care and improving patient outcomes will be highlighted

NEW YORK, October 25, 2022 / PRNewswire / – Galen Growth, the leading digital health and data-driven market intelligence company, and FINN Partners, a global integrated marketing services agency, have announced a joint effort to extract data and produce the first “Report on the global state of digital health.” The first report that draws input from some 200 million data points and more than 12,000 digital health initiatives worldwide will be released at the November HLTH conference in Las Vegas, NV. The second report will be available in January 2023 at the JP Morgan Healthcare conference of San Francisco, California, as part of the Future and Health event. Further quarterly reports are expected for next year.

With this partnership, FINN Global Digital Health Group experts are working side-by-side with Galen Growth data and research professionals to chart the complex and often fragmented digital health landscape; emerging market trends, areas of growth and innovation, and look beyond equity financing to explore what should happen in this fast-paced digital healthcare sector. The combined team will look beyond the digital hype to map priorities and practical opportunities for decision makers.

Public reports often tend to select data. Galen / FINN’s “Global State of Digital Health Report” shows verified trends, including:

  • While digital health venture capital of 2022 has not matched the skyrocketing value of 2021, a closer look at Q1 and Q3 funding year-over-year by developmental phases reveals that capital infusion in 2022 exceeds the 2021 values ​​for the early stage and series A funding rounds. It has fallen further and further behind the 2021 values ​​in the subsequent funding stages.
  • More than 60% of the total value of venture capital financing comes from North America. But at the regional level, the Middle East establish record amounts of venture funding in the second quarter of 2022. Europe maintains momentum throughout 2022 and has not experienced the quarter-over-quarter decline in risk finance seen in North America.

In the shadow of the pandemic, huge investments have poured into digital health. The digital health industry has grown significantly over the past decade, with $ 2 billion invested in 2011 e 44 billion dollars in 2021 from global financial and corporate markets. But over the past year, investors have been more selective in their decisions. The “Global State of Digital Health Report” will look at these changes and outline best practices in investment strategies.

The first of the two reports will lay the foundation for future reports that summarize the current year in digital health and will focus on global investment insights, categories and therapies, to name a few topics that have great potential to take advantage of digital applications and Trends 2023.

“With venture capital funding slowing in 2022, digital health is anchoring in reality, becoming more focused and requiring more verification that initiatives are delivering solutions that will add value to the digital health ecosystem,” he said. Julien de Salaberry, CEO and co-founder of Galen Growth. “This joint report with FINN partners will explore how businesses are addressing these challenges and preparing to show evidence to prove the effectiveness of their solutions.”

“FINN Partners is thrilled to partner with Galen Growth to take a deeper look at the digital health landscape,” he said. Ritesh Patel, Senior Partner, Global Digital Health Lead at FINN Partners. “The rapidly expanding digital healthcare ecosystem must be leveraged to improve patient outcomes. This series of studies will help inform the choices suppliers, payers, product innovators and patients will have to make in the coming years.”

FINN digital health leaders will provide their perspective, analysis and guidance to integrate the data and insights developed by the Galen Growth team to help guide stakeholders as they navigate and interact with the global digital health landscape.

“The healthcare system has long been resistant to change. Health information – delivered through digital platforms – has altered the patient’s care path and changed the tone and expectations among decision makers navigating the fragmented healthcare ecosystem,” he said. Gil Bashe, President of Global Health and Purpose, FINN Partners. “The Galen Growth / FINN partnership will provide insights into the private and public sector, which will hopefully rally investors and innovators towards ideas that can sustain and save lives faster.”

About Galen Growth

Founded in 2016, Galen Growth works with leading companies for their needs for information and insights into the digital health market. With comprehensive data, empirical research and expert insights, the company helps global organizations achieve the optimal solution for their business transformation, discover the latest digital health trends, and strengthen their innovative know-how. HealthTech Alpha, Galen Growth’s proprietary platform, is the world’s leading digital health private market platform, powering how leaders and companies make digital health decisions.

Headquartered in Singapore, Galen Growth has offices in Basel (Swiss), Boston And Chicago.

Find us at galengrowth.com and follow us on Twitter at @galengrowth and https://www.linkedin.com/company/galen-growth/.

About FINN Partners, Inc.

Founded in 2011 on the foundations of innovation and collaborative partnership, FINN Partners has grown from approximately $ 24 million in commissions to nearly $ 200 million over the past 10 years, becoming one of the fastest growing independent public relations agencies in the world. world and recognized as PRovoke Media 2022 Agency of the Year. The record-breaking pace of the full-service marketing and communications company stems from organic growth and the integration of new companies and new people into the FINN world through a common philosophy. With over 1,300 professionals across 33 locations, FINN offers clients global access and capabilities in the Americas, Europe and Asia. Additionally, FINN offers its clients access to top-tier agencies around the world through its membership in the global PROI network.

Based in New YorkFINN has offices in: Atlanta, Bangalore, Beijing, Boston, Chicago, Delhi, Denver, Detroit, Dublin, Fort Lauderdale, Frankfurt, Guam, Hong Kong, Honolulu, Jerusalem, Kuala Lumpur, London, The Angels, Manila, Bombay, Monk, Nashville, Orange County, Paris, Portland, San Diego, San Francisco, Seattle, Shanghai, Singapore, Vancouver And Washington DC Find us on finnpartners.com and follow us on Twitter and Instagram at @finnpartners.

Contacts:

FOR THE GROWTH OF GALENA:
Lawrence WurtzGeneral manager, North America
[email protected]galengrowth.com or [email protected]

FOR FINN PARTNERS:
Celia JonesGlobal Director, Marketing Communications
[email protected]
+1 773 885 9781

SOURCE FINN Partner

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