Singapore Digital health is defined as the interaction between
healthcare system and technology. It applies a digital health transformation in
the healthcare field by incorporating software, hardware, and services. It
provides various opportunities to accelerate the process to attain health and
well-being related to sustainable development goal. Singapore Healthcare information
technology aims to prevent disease, provide early diagnosis of life threatening
disease, help in the management of chronic disease, and enhance the quality of
life by remote monitoring of patients. It offers real opportunities to improve
medical outcomes and enhance efficiency.
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The factors that drive the growth of the Singapore digital health
market include rise in prevalence of chronic disease such as hypertension,
cancer, cardiovascular disease, and diabetes; increase in number of geriatric
population; advancement in technology in healthcare sectors, and surge in
demand for health. For instance, according to American Heart Association, more
than 100 million Americans had hypertension in 2018.
Hypertension patients require monitoring of their blood
pressure at regular intervals to alleviate the chances of stroke and heart
attack. Market players are focusing on the development of novel approaches for
use of digital health technology. Moreover, in 2020, Sensyne Health, the
clinical AI technology company, launched GDm-Health, in the U.S. to provide
remote monitoring solution for diabetic patients in pregnancy.
Furthermore, in 2020, HealthHero, a digital health company,
launched the telehealth platform in the UK, which allows the patient to
communicate with mental health clinicians, specialists, and general
practitioners to provide services from their respective location.
Increase in prevalence of cardiovascular disease, rise in
demand for software in the Singapore healthcare sector, and surge in number internet
users are anticipated to drive the growth of the digital health market. In
addition, increasing demand for remote monitoring services has led to the
development of innovative technologies in the healthcare sector, thereby
propelling the growth of the market.
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