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South-east Asia’s healthtech startups face funding challenges

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Published Wed, Nov 1, 2023 · 09:00 AM
    • The lifting of Covid-19 restrictions was expected to lead to a decline in the popularity of telehealth services, such as Doctor Anywhere's remote Covid testing offering (pictured). This has not turned out to be the case.
    • The lifting of Covid-19 restrictions was expected to lead to a decline in the popularity of telehealth services, such as Doctor Anywhere's remote Covid testing offering (pictured). This has not turned out to be the case. PHOTO: TIM CHONG, BT

    HEALTH is wealth. In South-east Asia, this phrase is catching on – at least if the amount of money people are putting into digital healthcare products is any indication.

    Revenue from the region’s digital health market is expected to reach US$5.4 billion by the end of this year and US$8.4 billion by 2028, a Statista report stated.

    This is keeping investors interested. Total funding secured by healthtech companies in 2023 has reached US$372.1 million in the year to date, according to Tech in Asia data.

    Medtech/healthtechStartup fundingStartupsHealthcare

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