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"