Healthcare Industry Trends
2022 Annual Report

Key takeaways

 
The latest edition of SVB's Healthcare Investments and Exits report provides information on VC fundraising, investments and M&A and IPO trends - along with subsector analysis and video commentary for each. Healthcare trends indicate US healthcare VC investment was healthy in 2022 despite an economic downturn. There's plenty of dry powder to deploy; however, investments and exits are slowing due to the volatile market.

1

More available venture capital to invest

$50B+ in newly raised funds over the past 24 months and nearly $22B in new funds last year — falling just short of 2021's record $28B

2

Second largest investment year ever

Deals and dollars declined after a record-setting 2021, but total healthcare investment for 2022 still exceeded 2020, though Q3 and Q4 fell below 2020’s quarterly average

3

Exits are sluggish

Few IPOs this year and less M&A than expected due to public market cap erosion