硅谷银行（SVB）：2025年医疗科技行业未来展望报告（英文版）（24页）.pdf

1、October 20252THE FUTURE OF HEALTHTECH 2025|04Market Highlights06Investment Landscape12Spotlight:The New Face of Healthtech15Spotlight:AI and the Revenue Cycle Arms Race19Global ExitsHealthtech is attracting a bigger share of venture capital(VC)investment in 2025 than ever before.Investment in provid

2、er operations is driving the surge.So far this year,$5.5B has been invested in activities that support the delivery of healthcare,such as scheduling,documentation and billing.That puts provider ops well on track to surpass its 2021 record of$7.8B.To be more specific,AI in provider operations is draw

3、ing a crowd.AI companies didnt just rack up a few more healthtech deals and a bigger percentage of dollars this year their share has leaped nearly 60%since 2024.Valuations are climbing,but deals are also getting bigger.Among healthtech mega-deals this year,AI-enabled provider operations swept up 73%

4、of the total.Healthtech has historically been focused on clinical care,dominated by alternative care models such as telehealth and care management.Now theres a new focus on front-and back-office administrative tools,and alternative care makes up less than 10%of total sector investment.The biggest op

5、portunities for AI in healthcare right now are solving business problems,not medical care problems.Using AI to alleviate inefficiencies and business friction is freeing up time for more critical things,like caring for patients.That isnt to say that over time,AI wont be a transformative part of healt

6、hcare across the board.AI is developing into an integral part of the medical toolkit.Many changes appear set to stay and expand across alternative care,analytics,non-invasive monitoring,imaging and surgical tools.While the expanded investment into new areas of healthtech is encouraging to see,someti