dubai-health-tech

UAE Health-tech investments to Grow

  • Posted on
  • Posted in News

Plug and Play is one of the most active VC firms globally with over 250 investments per year across 18 industries.

The pandemic shed light on the need for health tech solutions, in addition to the increase of startups exits and high valuation of digital health startups globally, says Dr. Louiza Chitour, HealthTech Programme Manager, Plug and Play Abu Dhabi.

In comparison to 2019, 2020 saw an increase of 270 percent in health tech startup investments. The Covid-19 pandemic disrupted UAE’s healthcare sector which led to the acceleration and acceptance of technology adoption by both clinicians and patients.

We see that this will further boost the demand for telemedicine services and a more seamless healthcare experience from patients who would expect an easier and smooth booking, consultation, medication and reimbursement processes, and experience” added Dr. Louiza.

Plug and Play is one of the most active VC firms globally with over 250 investments per year across 18 industries.

“We are now quite bullish in terms of digital health investments as we have made over 15 new investments worldwide just last year and have in our portfolio around 80 digital health startups with a wide range of tech solutions: robotics, IoT, SaaS platforms for chronic disease management, mental health, oncology, and several other areas. We even have unicorns in this portfolio like Guardant Health that is leading the field in precision oncology and is now valued at over $1.6 billion,” said Dr. Louiza.

The lesson learned from the Covid-19 pandemic was that the healthcare digital transformation industry had to catch up with other industries to continue delivering its services.

SHARE
BACK TO TOP