Gradient Health regularly surveys and interacts with healthcare practitioners in Singapore. We have our ears to the ground, and are acutely aware of the many market challenges you will face.
A small offline market, but full of online potential.While Singapore is economically well-off, the healthcare market size is often deemed as small. Many companies tend to be deterred from launching their medical innovations here. Additionally, the relative cost of launching new products in Singapore can be quite high.
Nevertheless, we believe that the Singapore market is one filled with potential. The internet is readily accessible in Singapore, with a connectivity rate of over 99%. As information is readily available, patients can and already are taking more initiative in taking care of themselves.
In fact, personalized self-care in Singapore is already in place.Recent developments in the health-tech and self-care space in Singapore include
Lumihealth and
Doctor Anywhere.
Lumihealth is a personalized health programme initiated by the Singapore government in partnership with Apple. It aims to help Singaporeans stay active, make healthier food choices, practise mindfulness, and stay healthy. Meanwhile, Doctor Anywhere is a telehealth startup that gives users quick access to health and wellness solutions, wherever they are.
If you have an innovative and effective self-care medical innovation, you can be sure that the Singapore market will be receptive of it. With our local and regional partners, Gradient Health will help you market your medical solutions and succeed in the Singapore market.