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Taiwan Set to be a Launchpad for Digital Healthcare Device in Southeast Asia and the World

Technically, digital health refers to the utilisation of electronic communication or information technology-based processes, tools, and services to facilitate better healthcare services. Today, telemedicine, teleconsultation, remote monitoring, connected devices, digital health platforms and health apps are just some of the forms by which digital healthcare has proliferated.

The digital health market is growing by leaps and bounds, made all the more possible with the advent of the pandemic. The rise of digital and remote healthcare was inevitable as COVID-19 ground the planet to a standstill for years now.

The digital health pivot of a manufacturing giant was made public after the company inked a tri-party deal with a government-sponsored Industrial Technology Research Institute (ITRI) and another industrial partner expert on biophotonics. As per its company executive, the company has made clear its vision: Developing a long-distance healthcare monitoring platform by integrating its hardware and software expertise. The company is bent on taking full advantage of its vast knowledge of manufacturing complemented by its strength in information communication technologies.

In a meeting with reporters, after signing a tri-party agreement with a government-sponsored tech firm, the manufacturer detailed testing its planned health ecosystem in the Taiwan market using the country as a launchpad to the greater Asian market. Then, to the world. The Taiwan-based manufacturing company is planning to test the waters for the Southeast Asian market in 2023. It plans to use the Taiwan market as a testing ground in its first offering of digital healthcare device products.

The tri-party agreement allows such clinical testing of the upcoming long-distance healthcare monitoring platform in Tucheng Hospital, New Taipei. At the top of the list are monitors for heartbeat, blood sugar and blood oxygen as well as electrocardiography devices (ECG). The company’s executive divulged that a clinical test for the remote monitoring platform needs to be conducted for one year so that the system can be certified by health authorities in various markets.

Exceeding USD 141.8 billion in 2020, the digital health market size is estimated to grow by as much as 17% between 2021 to 2027. The growing popularity of healthcare IT has made this growth possible. By default, private and public sectors have moved towards IT adoption by fully digitising their processes in light of the limits imposed by the virus.

Today, the North American region holds the lion’s share of this market cornering about 43% of the total global value share. The profusion of thousands of health apps made available on smartphones is a testament to this. This hyperactive market growth has been attributed to the increasing geriatric population coupled with the region’s rising prevalence of chronic diseases.

But the Asia Pacific region holds a lot of promise. The area exhibits the fastest growth compared to any market on the planet due largely to the increasing spending on healthcare infrastructure and software to promote public awareness during the pandemic.

It’s not the first time Taiwan’s ITRI is making waves in the digital space. Recently, as reported on OpenGov Asia the government-sponsored agency has signed an MoU with the Univerisity of Southern California (USC) to collaborate on IC design and other technological advancements set to propel the country forward. And fast.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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