The Business Times
business-time-50

South-east Asia’s healthtech startups face funding challenges

google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    The company says the disputes do not cast significant doubt on its ability to continue as a going concern.

    Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes

    Under the Philippines’ new policy, up to four EV models will be provided with as much as 15 billion pesos each in fiscal support, in the form of tax payment certificates.

    Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry

    The planned DayOne data centre is expected to be the city-state’s first to feature on-site solid oxide fuel cell power generation.

    DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More