Industry Data

Disruption


99.999%

Reduced cost for genome sequencing


52.9% CAGR

AI for drug discovery from 2018-25


5x

Digital health market to grow to $500b by 2025


53

FDA novel drug approvals 2020


Market


$613b

Global medical device market by 2025


$37.7b

NIH requested grants 2021


$177b

R&D spend in 2019


200

Applications for gene and cell therapies per year



Venture Data


$467b

Value of deals


$51.7b

Value of VC deals


1,678

Number of VC deals


92

IPO valuation of $1b+2018 till 2020


23

M&A deals of $1b+2018 till 2020



*Source : "Evaluate, Statista, KPMG, Deloitte, FDA, NIH, SVB"