Business
Healthcare Triangle Launches in Singapore to Bolster Healthcare by Leveraging AI and Cloud in Asia Pacific Markets
Growing need for clinical information systems and electronic medical records to propel digital healthcare market in Asia Pacific to reach 100 billion dollars
About this update from Healthcare Triangle, Inc.
[{"type":"text","content":"Growing need for clinical information systems and electronic medical records to propel digital healthcare market in Asia Pacific to reach 100 billion dollars by 2025.\nPLEASANTON, Calif., July 25, 2022 (GLOBE NEWSWIRE) -- Healthcare Triangle Inc (NASDAQ: HCTI), a leading provider of healthcare and life sciences cloud transformation, managed services, and data analytics platforms, today 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. The APAC region is currently witnessing an increase in the adoption of virtual healthcare and growing investments in the digitalization of healthcare institutions are accelerating the adoption of digital health platforms. 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. Fostering partnerships to create a more resilient healthcare ecosystem Multiple studies have suggested that partnerships and collaborations are going to be key post-pandemic and beyond for business growth and scalability. Healthcare Triangle has always focused on fostering partnerships and collaborations that help create better and more robust digital healthcare solutions. Healthcare T...