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Growing need for clinical information systems and electronic medical records will boost the Asia-Pacific digital healthcare industry to $100 billion by 2025.
FREMONT, CA: Digital health interventions to prevent disease and increase the quality of life aren't new. Digital health platforms, health systems, and related technology continue to expand in relevance and adapt in response to global concerns such as aging, child sickness and death, epidemics and pandemics, high costs, and the consequences of poverty and racial prejudice on access to healthcare. Digital healthcare is advancing with the use of artificial intelligence, big data, robotics, and machine learning. Digital healthcare changes include ingestible sensors, robotic carers, and remote patient monitoring devices and apps. Healthcare Triangle, a leading provider of healthcare and life sciences cloud transformation, managed services, and data analytics platforms, has been inaugurated in Singapore with a focus on strengthening digital healthcare in the city-state and throughout the Asia Pacific region (APAC). The inauguration was conducted in the presence of Guest of Honor P. Kumaran, the High Commissioner of India, and other distinguished guests. In the next five years, Healthcare Triangle is anticipated to invest up to USD 25 million in Singapore and create around 500 jobs.
“The APAC regional headquarters will be based out of Singapore, an encouraging and supportive place for global businesses. At Healthcare Triangle, innovation and attention to technology are foremost, and this ethos aligns with Singapore’s smart nation drive,” states Suresh Venkatachari, Chairman and CEO of Healthcare Triangle.
Increasing investments in the digitalization of healthcare institutions are expanding the use of digital health platforms in the APAC region, which is now experiencing a rise in the use of virtual healthcare.
Due to the rise of artificial intelligence, IoT, and Big Data in healthcare, the region's digital health industry, worth USD 40.3 billion in 2021, is projected to increase to USD 326.7 billion by 2030 at a CAGR of 26.5 percent. Consequently, Healthcare Triangle's debut in the region could not be more timely.
The extension of the company's joint venture into the region is expected to promote innovation and strengthen Singapore's position as a medical innovation hub. With their experience in the booming healthcare technology business in the United States, they intend to assist healthcare enterprises in the region in scaling their digital solutions and innovations.
Multiple studies imply that partnerships and collaborations will be essential for corporate growth and scalability post-pandemic and beyond. Healthcare Triangle has always prioritized creating partnerships and alliances that contribute to developing improved and more robust digital healthcare solutions.
Multi-cloud services are provided by Healthcare Triangle, which is HITRUST-certified and a premier partner of Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure. They cooperate with major Electronic Health Record (EHR) providers Epic and MEDITECH to provide comprehensive digital health solutions. They are one of the few providers in the region with a complete network of partners, allowing them to support regional and international healthcare initiatives.
In APAC, they intend to leverage Shankar Group, a prominent diversified organization in FMCG, property development, and services with a footprint in South Asia, the Middle East, Japan, and Australia, to grow its ecosystem-wide services.
“We are confident that our platform solutions will elevate Healthcare and Life Sciences businesses with the power to transform and manage their cloud infrastructure across any CSP (Cloud Service Provider) and empower businesses with utmost security and compliance to harness the full potential of their data and thereby speed up their data-driven digital transformation journey,” adds Suresh Venkatachari.
A significant portion of the APAC population still resides in rural regions and seeks digital healthcare services. In the next ten years, the market is anticipated to be driven by the rising demand for low-cost remote patient monitoring services and the expanding awareness of telehealth services.
The increasing demand for clinical information systems and electronic medical records will drive the adoption of digital healthcare platforms. According to McKinsey, the value of digital health in Asia might reach $100 billion by 2025, up from $37 billion in 2020.
This is where patented platform solutions from Healthcare Triangles, such as CloudEz, DataEz, and readabl.ai, can assist organizations on their cloud transition path.