SEA Health Tech Investment Insights
Key Findings
INSEAD
Indonesia
Vietnam
Thailand
Philippines
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Between 2014 and 2019, Indonesia deployed its universal health coverage called Jaminan Kesehatan Nasional (JKN), thanks
to which citizens are entitled to free healthcare or healthcare at very low cost.
The private sector represents 60% of healthcare overlays. While widely available in first-tier cities; private hospital group see
second-tier cities as promising opportunities for expansion. There is a significant imbalance of supply and demand at the
moment.
In Indonesia, there is still no general law on data protection. Patient rights however are guaranteed by several laws.
Vietnam's healthcare system functions as a mixture of public and private provision, with a dominant public side. 87% of citizens
hold social health insurance and the government continues to finance hospital construction. In addition, private healthcare
popularity is increasing and holds importance for 60%+ of outpatient services
Lack of access to care, especially in rural areas, remains a major challenge, as do equipment and capacity shortages.
Government incentives exist for investment in healthcare and tech. Health Tech will support digitalization of public and
private healthcare and will help with the evolution of relatively new data and tech regulation.
Thailand's universal healthcare system (highly centralized) is expensive and will need changes in order to support its aging
population, whether through decentralization of healthcare systems and/or tech innovations
There's a looming shortage of healthcare professionals, and a rural-urban gap in terms of accessibility to high quality
healthcare, providing an opportunity for technology to address some of these issues
The government is set on a goal to make Thailand the "#1 Medical Hub of Asia" by pushing for support of its medical tourism
industry, and providing incentives for R&D in technology and innovation
Access to healthcare remains highly inequal across the Philippines, particularly in areas like Mindanao, despite gov't efforts to
ensure universal healthcare.
A key challenge is the high levels of fragmentation across both public and private health sectors, which has led to inefficiencies
and high costs. Limitations in national social health insurance have also contributed to high out-of-pocket healthcare
expenditure, particularly on medicines.
The gov't is supportive of digital health efforts, but implementation is likely to remain challenging.View entire presentation