2015 wasn’t such a great year for medical device investing.
But a new report from CB Insights, a database which tracks both venture capital and corporate venture capital investments in various sectors, shows that the industry — globally — is poised for a comeback in 2016.
The report found that as of August 8, global deal value and deal volume are at $2.1B and 288 deals respectively. If funding keeps this pace, then by year-end, the number of deals will be on track to exceed 475, representing a 6% increase from last year. Two major deals — involving CVRx and Acutus Medical — is expected to propel the value of all deals to $3.52 billion, a slight uptick from $3.40 billion in 2015.
Here’s a five-year history of investment in the industry.