Why Is Health Technology Attracting Investor Interest?
The Covid-19 pandemic has led to a spike in interest in health technology companies among investors. But will it last?
The pandemic has increased awareness of the importance of healthcare resources, and has led to steep increases in the valuations of many listed companies in the sector.
Even before the pandemic, healthcare companies were already catching investors’ attention. The sector is supported by strong fundamentals, such as an ageing population globally and a growing middle class, particularly in Asia.
Dr Jonathan Seah, executive chairman of holistic wellness firm LifeHub and LifeClinic, says that healthcare spending is likely to be further boosted by growth in what he describes as the “consumerisation of medical knowledge,” as people look for ways to improve their health.
The sector is also set to be a beneficiary of the application of new technologies such as artificial intelligence, big data and robotics.
Watch the video below to hear the round table in full with Hong Kong Tatler: