2025年全球医疗健康投融资趋势是什么？医疗健康投融资规模触底回暖

Summary of Key Points Core Viewpoint - The global healthcare investment landscape in 2025 is characterized by a "high-low" fluctuation pattern, with significant opportunities emerging in specific sectors despite an overall decline in investment amounts [1][6]. Investment Trends - In January 2025, the total financing amount reached $8 billion, but it dropped to $3.194 billion in February, reflecting a 60% month-over-month decrease [1][6]. - The overseas market contributed 85% of the total funding, with all nine financing events exceeding $100 million coming from companies in Europe and the U.S. [3][6]. - Domestic financing in China saw 49 events totaling only $473 million, indicating a preference for more mature projects with higher certainty [3][6]. Sector Performance - The biopharmaceutical sector led with $1.214 billion in financing, accounting for 38% of the total, driven by technological breakthroughs [3][13]. - AI healthcare applications demonstrated strong fundraising capabilities, with Abridge raising $250 million and Prenuvo securing $120 million for cancer screening technology [3][21][22]. - The medical device sector showed a "blooming" trend, with OrganOx raising $142 million for organ preservation technology and VitalConnect securing $100 million for wearable health monitoring devices [4][41]. Market Dynamics - A report indicated that 73% of institutional investors are optimistic about an acceleration in mergers and acquisitions in 2025, with 54% focusing on small to mid-sized biotech firms [4]. - The secondary market's valuation pressures are leading to a rationalization in the primary market, with 63% of financing events concentrated in pre-A rounds in China [4]. - Policy support in China, including the "basic medical insurance + commercial insurance" payment system, is shortening the return cycle for innovative drugs [4]. Notable Financing Events - Eikon Therapeutics completed a $350 million Series D round, focusing on cancer and neurological disease treatments [3][16]. - OrganOx raised $142 million to support its organ transplantation technology [4][41]. - Abridge's $250 million funding will enhance its clinical reasoning engine, which is already utilized by 30% of U.S. healthcare institutions [3][21].