Healthcare Triangle to invest up to USD 25 million in Singapore and to create over 500 jobs

Healthcare Triangle to invest up to USD 25 million in Singapore and to create over 500 jobs

by admin July 25, 2022 July 25, 2022 No comments

Healthcare Triangle Inc a leading provider of healthcare and life sciences cloud transformation, managed services, and data analytics platforms,  announced its launch in Singapore with focus to bolster digital healthcare in the city-state and across the Asia Pacific (APAC). Healthcare Triangle expected to invest up to USD 25 million in Singapore and to create over 500 jobs in the next five years.

The launch was officiated in the presence of Guest of Honor P. Kumaran – the High Commissioner of India and other esteemed dignitaries.

Owing to the rise of artificial intelligence, IoT, and Big Data in healthcare, the region’s digital health market, valued at USD 40.3 billion in 2021, is expected to expand to USD 326.7 billion by 2030 at a CAGR of 26.5 per cent. As such, Healthcare Triangle’s entry into the region couldn’t be timelier.

“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,” says Suresh Venkatachari, Chairman and CEO of Healthcare Triangle.

The company’s joint venture expansion into the region is poised to help further innovation and bolster the role of Singapore as a medical innovation hub. With their experience working in the developing healthcare technology industry in the US, they are aiming to help healthcare companies scale their digital solutions and innovation in the region.

The growing need for clinical information systems and electronic medical records will propel digital healthcare platform adoption. In fact, as per McKinsey, digital health in Asia could collectively create up to $100 billion in value by 2025, up from $37 billion in 2020.

 

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