‘Serving with heart’: two glimpses of innovation in Singapore and Thailand

Probably a first for this Editor is news from Singapore on the healthcare technology and innovation front. The first report comes from Today where Deputy Prime Minister Teo Chee Hean advocates for the interesting combination of embracing innovation and ‘serving patients with heart.’ Speaking at the opening of the Lee Kong Chian School of Medicine’s Clinical Sciences Building in Novena, Mr. Teo talked not only about pathogens and biomedical research but also about remote patient monitoring, tele-consulting, and home-care robots.

From Thailand but addressing the Asia-Pacific market is Caroline Clarke, CEO for Philips Asean Pacific, on the region’s aging population and the outlook to 2050. Asia is home to 60 percent of the world’s over-60 population which is expected to grow from 547 million in 2016 to nearly 1.3 billion by 2050. She noted that the Future Health Index noted that while the benefits of connected care technologies were known in Asia, there was a lack of understanding on how and why to use them to take better care of their health. Philips has opened a regional headquarters in Singapore with advanced innovation facilities, announcing a partnership with EDBI to co-invest in regional digital health companies. The Nation

Asia-Pacific telehealth set to grow to 75% to $1.79 billion in 2020: Frost study

Frost & Sullivan’s Asia-Pacific Telehealth Outlook 2016-2020 is projecting that telehealth (broadly defined as telemedicine, remote patient monitoring (RPM) and mobile health), will be growing from US $1.02 bn in 2015 to $1.79 bn by 2020. Driving growth in the region are an aging population, governments building out 3G/4G mobile networks and developing favorable policies and roadmaps. However, the study found that impediments included a familiar tune of poor clinician adoption, unfavorable regulations, lagging technology and (ta-da) payment models. What’s improved? Wearables in the region have made great strides, and payment models, according to F&S, are concentrated on patient and provider pay. Not so familiar is that many Asia-Pac nations are building a Smart Cities and Smart Nation infrastructure; telehealth is a key area almost always included in a Smart City plan. The study will set you back a smart $4,950. Marketwatch release. F&S feature page.