HSBC Healthcare Reports

Back to HSBC Innovation Banking

Available Reports

Explore our full library of reports covering sector-specific data, observations, and larger trends in life science and healthcare.

2024 Annual Venture Healthcare Report

After record investment and aggressive valuations from 2020 through mid 2022, the public market faltered, driving venture firms to re-evaluate their current private portfolio and perform triage for much of 2023. In 2024, investors finally started to invest in new deals. However, based on these near-term trends, investor focus has shifted.

Download the 1H 2024 Report

In 2023, venture healthcare faced a challenging IPO market and limited M&A opportunities,grappling with the valuation and investment froth from 2020-1H 2022. However, 1H 2024 saw increased investment across every sector and numerous new investor-led financings.

Download the 2023 Annual Report

The healthcare market stabilized in 2023. The rate of new investments fell 28%, however, the top 10% of deals still successfully secured substantial funding rounds with step-up valuations. A significant contingent of companies raised new rounds at revised valuations, adhering to the notion that a “flat valuation is the new up-round”.

Download the 1H 2023 Report

In the first half of 2023, as valuations underwent a necessary reset, Venture Capitalists (“VCs”) emerged from their cautious stance and embarked on a fresh wave of investments. These VCs, buoyed by recently raised funds in 2021-2022, assumed the role of leading later-stage rounds, as crossover/hedge funds retreated.

Health 2035 Report

Created in collaboration with Linus and HLTH, this report forecasts the future of health through a comprehensive analysis of the ecosystem. Go in-depth with discussions between visionaries in the ecosystem and studies of young physicians’ predictions for what the state of care will be in the year 2035.

Life Science and Healthcare

Our dedicated team of industry specialists have extensive experience serving life science and healthcare companies.

Contact Us

 Cartoon of person sitting at a desk working on a laptop

Need help?

As the leading international bank in the U.S., we connect customers to opportunities and enable them to thrive