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5SINGAPOREMEDTECHDIRECTORY2025/2026InnovationastheCoreofMedTechTheproliferationofdedicatedMedTechR&DcentresunderscoresthecriticalroleoftechnologicalinnovationinmodernhealthcareInaneramarkedbyrapidtechnologicaladvancementsMedTechcompaniesfacethedualimperativeofcreatingnewproductsandrefiningexistingonesFromtelemedicinetowearablehealthtechnologyartificialintelligence(AI)inmedicaldiagnosticsroboticassistedsurgeryvirtualreality(VR)therapyandeven3D-printedhumantissuetheseinnovationsarerevolutionisinghealthcaredeliveryThepotentialforgrowthinthissectorisimmenseparticularlyasglobalhealthcareexpenditurecontinuestoriseTheprimarydriverAgeingpopulationsworldwideThisdemographicshiftnecessitatesacorrespondingexpansioninhealthcareinfrastructurethemanagementofchronicillnessesandthedevelopmentofactiveageingprogrammesConsiderSingaporesowndemographiclandscape–asof2023oneinsixcitizensisaged65orolderBy2030thisratiowillshifttooneinfourIntandemSingaporeshealthexpenditureisprojectedtoincreasedramaticallyfrom$22billionin2018to$59billionin2030asourpopulationagesIncubatingNewTechnologiestoSupportHomeCareA direct consequence of an ageingpopulationis theincreasing strain onpublichospitals as elderlypatients withmore complexmedicalneedsrequirelongerhospitalstaysToaddressthistheMinistryofHealth(MOH)haspivotedtowardsalternativecaremodelswiththeMobileInpatientCareatHome(MIC@Home)schemetakingcentrestageOfficiallylaunchedinApril2024MIC@Homeoffersclinically-suitablepatientshospitallevelcare within thecomfortof theirhomes Thisisachieved throughacombinationof videoconferencing teleconferencingin-personhousevisitsandremotemonitoringThegroundworkforthisextensivehome-basedhealthcaremodelwaslaidoverseveralyearsSingaporestart-upSpeedocadigitalhealthcaresolutionsproviderplayedapivotalroleasthetechnologypartnerforbothMOHstwo-yearMIC@HomepilotandtheNationalUniversityHealthSystems(NUHS)pilotschemeNUHS@Homewhichbeganin20205
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