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.