Checking up on Indonesia’s healthtech scene

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Hello reader,

Telemedicine is pretty cool. When I was trapped in my Airbnb in Melbourne because I tested positive for Covid-19 in July 2022, I got a teleconsultation with a doctor and got medicine delivered. Not only did this save me from having to worry about navigating pandemic protocols to find a clinic in a foreign city while being unwell, but it also made the experience a lot more bearable.

However, telemedicine is just one aspect of healthtech – a sector that’s taking off around the world, including Indonesia. In today’s premium story, we map out some of the key players in the country’s healthtech scene and go into some numbers about how it’s doing.

Today we look at:

• Healthtech in Indonesia
• An Islamic streaming platform for children
• Other newsy highlights such as the IPO plans of a Chinese electric vehicle startup and a look at the state of venture funding in Singapore

Premium summary

A closer look at Indonesia’s healthtech industry

Image credit: Timmy Loen

Health is a priority for everyone, and the rise of digital solutions has helped address traditional challenges that people face with the healthcare system, such as long waiting times and lack of access to doctors. Here’s a snapshot of Indonesia’s healthtech scene.

• Some background: The country’s healthcare market was valued at US$41.8 billion in 2021. Its pharmaceutical segment is set to grow by over 10% to reach a value of US$11.6 billion in 2025.
• Some names: Halodoc and Alodokter are the country’s two largest online-to-offline health service players. Halodoc has raised US$158 million to date from backers such as Gojek, Temasek, Astra, Telkomsel, and Singtel. Meanwhile, Alodokter has received investor support from SoftBank and secured a total of US$48.1 million from various investors so far.
• Some numbers: In the last eight years, Indonesia’s healthtech firms have attracted US$231.7 million in funding, with US$107.9 million invested over the past two years alone. As the sector is still emerging, financing has mostly gone into early-stage and series A rounds.

Read more: Mapping Indonesia’s key healthtech players

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Image credit: Timmy Loen

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