the power of healthtech - singapore in one view
TRANSCRIPT
Galen Growth Asia is an independent organization with the objective of developing the healthtech ecosystem across Asia through collaboration between all interested stakeholders.
Singapore in One View
We are in a progress of empowering our healthcare system and medicine and own lives by the application of digital technology. Today, we are already using artificial intelligence to improve medical diagnoses or robots for homecare of the elderly. Genomics has the power to decode our DNA to design tailored pharmaceutical
treatments. The future is bright for human healthcare: By 2030 replacement of kidneys and liver will most properly be discovered and personalized treatments will
be the norm – available to everyone.
Blood-screens
prick blood-test
of a finger-
Genetics
272 visits for geneticcounselling at NCCS
150 % morethan 2011
Mobile Health
30% annual growth rate
3 b mobile phone users in Asia
Healthcare costs
are the expected healthcare costsBy 2020 according to Tharman Shanmugaratnam
Wearable Technologies
got 4 major advantages
Telemedicine
tackles aging population.
By 2030 1 in 5 Singaporean is older than 65
Diabetes
2014 2030 2050
Estimated cases of Diabetes In Singapore according to MOH
Mobile Penetration Rate
150
2006 2008 2010 2012
Penetration rate in Singapore
e-Textiles
Smart clothing is
According to the survey done by Accenture Consulting many Singaporeans believe that accessing medical information outweigh the risk of privacy
invasions. Both consumers (78%) and doctors (81%) agreed that the use of wearables helps a patient engage in their health.
50% TheSaving 1) Real-time data collection
3) Predictions2) Empowering Patients
2) Continuous Monitoring
44
0,0
00
67
0,0
00
> 1
,00
0,0
00
the futureOf wearables
140
130
120
110
100
90
2014 2016
Source: data.gov.sg
Risk of privacy invasion outweighs benefits
Benefits of access outweighs the risk
2014 2016
53%
47%
66%
34%
S$ 20b
&
“Asia, with its aging demographic, high mobile penetration rate and government support for innovation
looks to be uniquely situated for a rapid embrace of digital health.”
Snehal Patel, CEO, MyDoc
By Dario Heymann
"It is a perfect storm! The ever growing chronic disease burden and the ageing population, compounded by often limited healthcare infrastructure meets a phenomenal
tech-tonic shift within healthcare thus creating a unique opportunity for each Asian economy to improve the
standard of care across the region”Julien de Salaberry, Co-Founder, Galen Growth Asia