Medtech Financing: August 2013 and Trend 2009-2013

Fundings in medical technology for August 2013 came in at $478 million, driven in huge part by the $167.7 million funding of ConforMIS, without which the month’s fundings total would have been rather unremarkable, but which certainly cannot be ignored (“Other than that, Mrs. Lincoln, how did you enjoy the play?”).  The complete list of August 2013 fundings is detailed at link.

The trend in funding year-to-year in medtech shows two significant trends: first, it illustrates a kind of seasonality, though not perfectly so, in the ups and downs occurring at common times during the year (at least between March and June); and, second, in the unambiguous upward trend in fundings, at least since we began plotting the fundings in early 2009.

The year-to-year pattern is illustrated below (using smoothing primarily for aesthetics):

funding-seasonal-2009-2013

Source: Compiled by MedMarket Diligence, LLC

The four-year trend is shown below, with the trendline computed and shown over the monthly data (the raw data is at link):

funding-trendline-2009-2013

Source: Compiled by MedMarket Diligence, LLC

For reference, the total fundings for the years 2009 through 2013 (run rate) are:

YearFundings
($millions)
Growth over prior year
2013 (run rate)$6,22143%
2012$5,014-2%
2011$5,12143%
2010$3,5939%
2009$3,290--

Source: Compiled by MedMarket Diligence, LLC