Why Health Technology Matters
Why Health Technology Matters

Why Health Technology Matters

If you already know how Healthtech has disrupted healthcare industry in Singapore, you can better understand why the current focus on changes. In the last couple of years, Singapore has managed to build a thriving healthtech ecosystem that offers an abundant supply of funding, ideas, and strategic partnership. The same goes for collaboration opportunities to startups, SMEs and enterprises alike.

For healthtech and MedTech in Southeast Asia, it is clear that Indonesia and Singapore lead the way. But the healthtech sector in Singapore continues facing numerous challenges and lags behind its counterparts in the region, such as Indian and China. That being said, here is how healthtech can help with inclusivity and easy access for all.

In a post-pandemic future, collaboration and partnerships are key for addressing new challenges faced across industries. For progressive improvements in healthcare system it is vital that we prioritize close collaboration and partnerships. This is especially the case in the healthcare industry where there is an urgent need for policymakers, academicians, technologists, and health practitioners to come together and build a resilient ecosystem.

It is evident that healthtech disrupted traditional medicine and healthcare in Singapore in the past decade. But with the COVID-19 pandemic, the value of healthtech became more apparent and the entire industry stepped up to meet the urgent surge in demands and help bridge gaps. Without the potential of healthtech, much of what Singapore achieved in recent years would not have been possible.

But as we move towards a post-pandemic future, this trend is here to stay as Singapore and the rest of the world realizes the essence of focusing on making healthcare easily available and accessible through tech. Technologies, such as targeted gene therapies, bionics and robotics, and 3D printing, among others are pushing the limits of conventional medicine and paving the way for the development of personalized medicine and more specialized treatments.

The above are some of the ways healthtech is making healthcare more accessible and safer in Singapore.  Fortunately, key players like IHiS in Singapore innovation hub continue help change the country’s future. And that’s quite fascinating if we are to look at the current state of Singapore’s healthtech industry. Be sure to click here and find out more about the current healthtech innovations and developments in Singapore.