Singapore’s Healthtech Industry: A Hotbed for Investors and VCs

With more and more people opting for new technologies to provide better treatments, the health tech industry in Singapore is on a growth trajectory. The health tech startups are offering an exciting range of products and services such as period tracker apps, blood pressure watches, etc. Given its focus on preventive healthcare, the region is ripe for the entry of foreign and domestic private equity firms in Singapore. 

Many other factors propel healthtech market in Asia and Singapore:

·         The geographical location, a huge network of skilled professionals, and government support make Singapore an ideal healthcare destination for tech companies. Tech companies are using more online channels to connect with and educate their audience, thus fuelling growth in the industry. Singapore, not to be left behind, has also taken some significant steps in the Asian healthtech sector.(Private Equity Firms in Singapore)

·         Technology adoption has greatly increased resulting in a slew of healthcare innovations using local resources for the Singapore masses. So, compared to other economies in Asia, Singapore will be the most exciting to watch in terms of health tech. 

·         With the advent of 5G, digital infrastructure will improve, giving the grassroots population access to healthcare. Singapore with its growing population and inadequate infrastructure will tap into digital health technologies to bridge the existing gaps in the healthcare infrastructure and delivery. 

·        Private Equity Singapore, With the proliferation of technology in Asia, the populace in Asian countries is ready for the disruptions brought about by health tech. Sensing this; governments in Asia are actively promoting health-tech as the next engine of growth. 

Asian startups have been raising big investments over the last few years. Investors and top private equity firms in Singapore are also expressing optimism by steadily pumping capital into the sector. The booming investments are an indicator of the investment community’s recognition of the opportunities in healthcare technology in the region. Healthcare is one of the largest segments of the global economy and yet, (Top Private Equity Firms in Singapore) it is one of the last segments to be impacted by information technology.