Singapore’s digital healthcare industry makes it the Boston of Asia
12-Nov-14, e27
Digital health is all set to radically transform healthcare across the globe. Singapore is now the birthplace of a number of promising digital health startups with its strong fundamentals in healthcare excellence. The city-state has established the world’s fourth best healthcare infrastructure (World Competitiveness Yearbook 2010, IMD) while spending less than four per cent of GDP on healthcare and providing universal coverage for Singaporeans with multiple layers of care.
With the rise in the number of digital health startups in the industry, there has been a growing amount of interest from the investors too.
“Venture capitalists healthcare funding has experienced more than a five fold increase since 2011,” said François Cadiou, CEO and Co-founder of Healint, at Health 2.0, the Singaporean edition of the annual health conference. Jointly organised by Propell Group, BioSingapore and Healint, the event saw professionals, startups and investors in the healthcare industry to discuss ‘The Digital Health-Building Momentum in Singapore’, the central theme of the conference.