Truth be told; the burgeoning ‘healthcare at home’ movement is a true reflection of what consumers are increasing craving for across almost every industry. By this we are merely talking about convenience and flexibility. Even though leveraging health technology innovations such as telemedicine was once a matter of personal preference, things have now taken a different direction.
The covid-19 pandemic triggered large-scale responses by governments and businesses, leading to a new reliance on virtual care delivery, and innovations across healthtech Singapore as a whole. With that in mind, below are some of the things you should know about healthtech.
What is Healthtech?
Before you take it upon yourself to find out more about Health Tech Day organized by IMDA and IHiS, it pays off to understand what we are dealing with at first. In a nutshell, healthtech is the fastest growing vertical within the healthcare sector. And if the latest Singapore healthtech news is anything to go with, it entails any technology-enabled healthcare products and service that can be delivered or consumed outside of a hospital. But one notable exception of this is hospital and practice management software.
Leading healthtech companies in Singapore also have the potential to offer mobility and other information technologies to improve healthcare delivery while decreasing costs. This explains why Singapore health technology developments are always on a rampant rise. You can check out more information here.
How is Healthtech Different from MedTech?
Some people tend to mistake healthtech for MedTech. What they fail to realize is that these two differ in numerous ways. While healthtech is centered around optimizing personal and preventative care, MedTech focuses on therapeutic technologies and medical devices that treat existing medical issues and diagnostic technologies that detect medical conditions. You can click here to better understand the difference between these two.
The Bottom Line
There you have it, some of the things you probably didn’t know about the state of healthtech in Singapore. Of course, a lot more has not been included in this simple guide, and that’s why you should take up the initiative of doing a bit of research to help clear some of the doubts in your mind.
For those who might have no idea on the best place to start, why not visit https://govinsider.asia/inclusive-gov/singapore-health-tech-day-imda-ihis/. It is then that you won’t worry about being left behind while others leverage what health technology offers.