
Key Takeaways
While advancements in artificial intelligence (AI) are attracting attention across the entire innovation economy, few sectors stand to benefit more than healthcare. Over the last five years, AI deal activity has grown faster in healthcare than in tech overall, as investors and innovators recognize AI’s potential to improve administrative efficiency, patient diagnostics, drug discovery and more. Our inaugural report on AI-powered healthcare focuses on emerging AI applications in healthcare, particularly the administrative and clinical use cases that account for the majority of current venture capital investment.
$1.5B invested in AI patient diagnostics in the past year
Diagnostic companies focused on imaging have seen the greatest investment growth since 2021.
$7.2B in US VC invested in healthcare AI in 2023
2024 is on track to reach $11.1B.
1 in 4 healthcare VC dollars are invested in companies leveraging AI
AI’s proportion of total US VC healthcare investment is the highest it’s ever been.