The National Institutes of Health (NIH), which oversees disease research, has a total annual budget equivalent to $120 per person, with only $0.19 per person being spent on food allergy research. This is a staggeringly low amount, considering how many Americans, adults and kids alike, suffer from food allergies.
The digital health sphere reached the peak of its investment in 2021, with a total venture funding of $29.1 billion. Investments surged following the pandemic, with investors having a supercharged interest in health tech, particularly telemedicine. Luckily for those with food allergies, the food allergy sector has benefitted from this influx of funding.
