The need for healthcare in Asia Pacific (Asia) is rising rapidly. At 3.5 billion people, it is home to 50% of the global population and over $1.7 trillion in healthcare spend. This projected spend will continue to increase, led by several demand drivers: 1) Increase in prevalence of chronic diseases and growing disease burden from changing lifestyles and ageing, 2) increasing affordability and awareness of the emerging middle class, 3) increasing role of the government in the provision of healthcare, and 4) recognition that a healthy society is the key to economic growth.
Just as Industry 4.0 (IR4) is impacting all sectors of industry, healthcare is being transformed globally by rapid technological advances. Galen Growth Asia believes that HealthTech, aka digital health, will play a central role in addressing these demand drivers and thus transform the standard of healthcare in Asia.
Over the past 2.5 years, Galen Growth Asia has played a key role in the fast growth in momentum in the digital health ecosystem in Asia. With over 4000 HealthTech ventures valued at over $70B, growing investor appetite deploying in excess of US$3.3B in H1 2018 alone and numerous corporates, both incumbents and new entrants, building innovation teams, HealthTech in Asia is poised for a promising future.
Great ideas will realise their potential through a vibrant network of collaborators and co-creators. Galen Growth Asia is Asia’s HealthTech Connector and Builder!
HealthTech Alpha is the only comprehensive database which tracks important information and data points about the growing Asia startup HealthTech ecosystem, vital to monitor its pulse. Our database contains a significant and growing proportion of the region’s HealthTech ventures and, for each one, numerous and highly relevant data points including funding and other key business performance information.
Galen Growth Asia has built a portfolio of solutions to catalyse direct collaboration between enterprises, startups and investors to prototype, evaluate and implement HealthTech solutions and create significant financial and social value.
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