Healthcare Technology And The Growing Demand

A survey revealed that out of 1000 people who were aware of the healthcare technologies, 4 out of 10 told that they own a health gadget or use a health application. Other 2 in 10 told that they do not own or use any health related items but they are planning to do so in future. In Singapore, the health care start-up industry is booming up and it has been able provide lots of health care services to meet the ever increasing demand. Many apps are developed which provide useful health related services like helping the patients to find and get connected directly with doctors , allowing consumers to have personalized diet planned by famous dieticians and many more. Several emerging start-ups of Singapore like the RingMD, Cardiatrics and PX plate are helping people to get easy access towards the best doctors and medical services and all this happens at your fingertips. They have successfully brought all the health care services to the digital platform so that their services can be easily accessed by the common people. Through the advanced health care techniques, now people need not have to run to the particular centres repeatedly as very thing can be monitored at their own home with help of health gadgets or apps along with timely feedback.

Many Tech Start-Ups In The Field Of Health Care Are Booming Up

With the advanced technology and superior innovations, connectivity has been able to reach each people’s fingertips. And it is estimated that the technology-prone consumer healthcare industry will surely worth billions of dollars if valued today. As people are hungrier towards achieving greater personalisation as well as convenience through technology, this has led to the growing demand for highly advanced tech services. An associate professor of the National university of Singapore Business School revealed that nearly 900 investors helped to seal the health-tech deals in 2015 in Asia that is 25 percent increase from 2014 figures. The factors like ageing population, increasing middle-class affluence and soaring healthcare costs have resulted in more and more healthcare start-ups coming up with the technologies like digital diagnostics and chronic disease management as well as consumer health and well being. She explained that higher insurance premiums in healthcare finance  resulting from the shift of institutional payers towards individual consumers has made the consumers fell the burden of soaring costs and hence they expect more convenient and personalised services from the service providers of the health care sector. So she suggested that tech-based health care start-ups can be able to efficiently provide these services at affordable prices.