Total med-tech financing through the first five months of 2026 reached $11.01 billion, falling between 2024’s $12.76 billion and 2023’s $8.95 billion over the same period, and trailing 2025’s $14.83 billion. The figure reflects a sector that has stabilized well above the lows of 2022 and 2023 but has yet to regain the momentum of the years that preceded the post-pandemic contraction, such as the 2020 peak of $30.81 billion.