Top Health Tech Companies in Australia: Transforming Healthcare with Innovation

 

Introduction

Australia’s healthcare sector is undergoing a transformative shift, driven by advancements in technology and innovation. The rise of health tech companies is revolutionizing patient care, diagnostics, telemedicine, and medical research. With increasing investments and government support, Australia's health tech industry is a front runner to play a significant role in shaping the future of global healthcare.

Australia is making big investments in advanced health technologies, focusing on groundbreaking improvements in cancer treatments, innovative vaccines, drug-free depression therapies, and deeper insights into gut health. These advancements aim to enhance the quality of life for Australians, offering faster, more effective, and personalized healthcare solutions.  

The Growth of Health Tech in Australia

The Australian health tech sector has been experiencing rapid growth, with startups and established companies leveraging artificial intelligence (AI), big data, blockchain, and wearable technology to improve healthcare outcomes. Key factors driving this growth include:

Government Initiatives: The Government is keen on improving the healthcare system by building and supporting the healthcare ecosystem, which includes govt. programs and private partnerships, investment in health tech and promoting R&D in Healthcare through the Medical Research Future Fund (MRFF) and Digital Health Strategy are fostering innovation. The Govt is going to spend in $1.07 billion on health services and hospitals.

Increased Investment: Due to high demand in health tech and govt. Focus venture capitalists and private equity firms are actively investing in health tech startups. Other factors contributing in the high demand for investment in health tech is R& D.

Rising Demand for Telehealth: The COVID-19 pandemic accelerated the adoption of virtual healthcare solutions, which has led to tech innovations and promoted 

Aging Population: Australia’s demographic is changing, and due to the increase in the number of elderly population, there is a growing demand for tech-driven healthcare solutions. Which are convenient and available in the comfort of the home.

For the above reasons, this article explores some of the most prominent health tech companies in Australia, their contributions, and the impact of technology on healthcare delivery.

Leading Health Tech Companies in Australia

Telstra Health

Telstra Health, a subsidiary of Telstra Corporation, is one of the largest digital health companies in Australia. It provides a wide range of healthcare solutions, including:

Telemedicine and Virtual Care: Enables remote consultations and digital patient monitoring.

Electronic Medical Records (EMR): Enhances hospital and clinic management.

Aged Care Solutions: Supports aged care providers with digital tools.

With a strong focus on integrating technology into healthcare, Telstra Health continues to expand its reach both domestically and internationally.

ResMed

ResMed is a globally recognized health tech company headquartered in Sydney. Specializing in cloud-connected medical devices, ResMed focuses on:

Sleep Apnea Treatment: Advanced CPAP machines and masks for sleep disorders.

Remote Patient Monitoring: AI-powered analytics to track patient progress.

Digital Health Platforms: Enabling better patient engagement and adherence to treatments.

ResMed’s innovations have significantly improved sleep health and respiratory care worldwide.

Harrison.ai

Harrison.ai is an artificial intelligence- driven health tech company specializing in medical diagnostics. Harrison.ai earlier received $20 million from NRFC, and they raised another $112 million in the series C funding round. The company is doing extensive research in:

AI-powered Radiology: Assisting radiologists in detecting diseases faster and more accurately.

Predictive Analytics: Enhancing patient outcomes through AI-driven insights.

The company collaborates with leading healthcare providers to optimize medical imaging and diagnosis.

 Coviu

Coviu is a leading telehealth platform in Australia, providing secure video consultation services for healthcare professionals. Key features include:

End-to-End Encryption: Ensuring secure doctor-patient interactions.

Seamless Integration: Compatible with various healthcare management systems.

AI-enhanced Features: Real-time speech-to-text and automated transcription services.

The demand for Coviu’s services surged during the COVID-19 pandemic, solidifying its position as a top telehealth provider.

Mable

Mable is a digital platform that connects patients with independent healthcare providers, focusing on aged care and disability support. Its key offerings include:

On-Demand Care Services: Users can find and hire caregivers suited to their needs.

Personalized Health Plans: Helping patients manage long-term care more efficiently.

Mable’s model empowers individuals to take control of their healthcare choices while ensuring transparency and quality service.

Eucalyptus

Eucalyptus is a digital healthcare company providing online medical consultations and prescription services. It operates multiple brands, including:

Pilot: Focuses on men’s health and wellness.

Juniper: Provides services for women’s health and weight management.

Kin: Specializes in fertility and pregnancy care.

By combining digital platforms with personalized healthcare, Eucalyptus is redefining accessibility in medical services.

HotDoc

HotDoc is Australia’s leading patient engagement platform, designed to streamline healthcare appointments and communication. Features include:

Online Booking: Allows patients to schedule appointments easily.

Digital Check-Ins: Reduces wait times in clinics.

Patient Reminders: Helps improve adherence to medical schedules.

HotDoc has been instrumental in improving the efficiency of general practitioners (GPs) and clinics across Australia.

 Atomo Diagnostics

Atomo Diagnostics is a pioneering company in rapid diagnostic testing. It develops:

Point-of-Care Testing Kits: For conditions like HIV and COVID-19.

User-Friendly Devices: Making self-testing more accessible and reliable.

Atomo’s products have been widely used in both clinical and home settings, enhancing early disease detection and intervention.

HealthMatch

Health Match is a tech-driven platform that connects patients with clinical trials. It simplifies:

Trial Matching: Using AI to pair patients with relevant medical research.

User Experience: Providing easy-to-understand trial information.

By bridging the gap between patients and researchers, HealthMatch accelerates medical discoveries and treatment options.

Impact of Health Tech on the Australian Healthcare System

Health tech companies in Australia are making a profound impact on healthcare accessibility, affordability, and efficiency. Some notable contributions include:

Improved Accessibility: Digital platforms enable remote consultations, reducing the need for in-person visits.

Enhanced Patient Experience: AI and automation streamline healthcare services, minimizing wait times.

Cost Reduction: Digital health solutions lower operational costs for hospitals and clinics.

Data-Driven Healthcare: Big data analytics help in early disease detection and personalized treatments.

Challenges and Future of Health Tech

Though there is a huge demand in health tech but not all is hunky-dory in healthcare in the health tech ecosystem and the things need to be fixed and challenges needs to be addressed. The healthcare industry in Australia is heavily regulated, and navigating these rules, which can vary by state and territory, can be challenging for health tech companies. 

Regulatory and Compliance Challenges

Complex Regulations: Navigating Australia's intricate regulatory landscape is demanding.

Therapeutic Goods Administration (TGA) Approval: Securing TGA approval for medical devices and technologies often entails high financial and time investments, potentially stalling innovation.

Data Privacy and Security: Companies must rigorously protect patient data to adhere to laws like the Australian Privacy Principles and My Health Records Act.

Scalability Issues

Market Size and Scalability: Australia's relatively small domestic market limits rapid growth opportunities.

Scalability Constraints: Expansion is often stifled by regulations, funding limitations, and a lack of specialized technical expertise.

Integration and Interoperability

Integration Challenges: Incorporating new technologies into existing healthcare systems is complex and time-intensive.

Interoperability Concerns: The lack of seamless communication between disparate systems leads to inefficiencies and potential errors.

Talent and Workforce Shortages

Talent Acquisition and Retention: Recruiting and retaining experts in fields like data analytics and cyber security is an ongoing challenge.

Human Capital Gaps: A limited talent pool in medical device industries exacerbates recruitment difficulties.

Equity and Accessibility Concerns

Health Inequalities: Bridging gaps in access to health tech across various demographics is a significant priority.

Regional and Remote Disparities: Addressing healthcare access challenges in rural and remote areas remains critical.

Consumer Engagement and Patient Experience

Enhancing Patient Satisfaction: Innovations must prioritize user-friendly solutions that address patient needs and feedback.

Improving Consumer Adoption: Ensuring that users are educated and engaged with health tech solutions is essential for widespread acceptance.

Urbanization and Healthcare Trends

Urbanization Health Issues: Tackling chronic diseases and health challenges linked to urbanization is essential for a sustainable future.

Reliability and Maintenance: Health tech systems must be reliable and efficiently maintained to ensure patient safety and operational effectiveness.

Despite these challenges, the future looks promising. Emerging technologies such as blockchain for medical records, AI for predictive analytics, and wearable devices for real-time health monitoring are expected to drive further advancements.

 Conclusion

Health tech companies in Australia are revolutionizing the healthcare landscape by integrating technology into medical services. Companies like Telstra Health, ResMed, Coviu, and HealthMatch are at the forefront, improving patient outcomes and healthcare efficiency. As technology continues to evolve, Australia's health tech industry is poised to make a lasting impact both nationally and globally. With continued investment, innovation, and regulatory support, the future of healthcare in Australia looks brighter than ever.

 

What is Deep Tech?

 

What Is Deep Tech?

Deep tech, or deep technology, refers to the work of companies that develop groundbreaking innovations capable of surpassing existing technological benchmarks and pushing the boundaries of current capabilities. However, the definition of what qualifies as "deep tech" is continually evolving. As scientific and technological advancements accelerate, the criteria for what is considered cutting-edge and revolutionary also shift.

Deep tech companies are often associated with fields like artificial intelligence, biotechnology, and quantum computing, but the category extends to industries such as agriculture, aerospace, green energy, and mobility. Some deep tech companies, like Moderna, Tesla, and Impossible Foods, have become household names. Others are turning science fiction into reality—examples include SpaceX’s Starlink internet satellites and Boston Dynamics’ humanoid robots.

Regardless of the industry, deep tech companies focus on creating solutions to address some of the most urgent challenges facing humanity and the planet, such as climate change, disease, and food insecurity. Investors have taken note: according to a VC Lab report, deep tech received the highest amount of venture capital funding in 2024 and is projected to remain a top-funded sector in 2025, second only to AI and machine learning.

Deep Tech differentiators from other companies

Research and Development

R & D is the key differentiator between other technology companies and Deep tech companies. Deep tech demands substantial investments in research and development, along with a longer timeline for ROI. Additionally, some projects may turn out to be commercially or scientifically unviable. In contrast, traditional tech companies leverage established engineering methods to meet existing market demands, using ready-made software frameworks for quicker commercialization.

 Pioneering Solutions

Deep tech companies enjoy a significant competitive prowess and protection. They are well ahead of the market and face virtually no or little competition. However, these companies require a significant amount of funding and prolonged development cycles Ex: Space X and Tesla.  Because they work for innovation and breakthrough in technology.

 In contrast, the other sectors work for current market gain, and their innovation doesn’t remain unique and give rise to the new companies to follow the suite. For example, Uber the largest taxi company, has given rise to so many companies across the world.

 Creative Problem-Solving

Deep tech companies require highly skilled people with very specific areas of expertise, which is difficult to get. For example, one of the company's deep tech investors, WNT Ventures, is trying to hire electrochemists with a particular set of skills that fewer than a dozen people around the world actually possess.

Game-Changing Milestones

Conventional tech companies focus on early progress through market response and key performance indicators like customer acquisition and retention rates and revenue generation. They operate on subscription models and the user base. On the other hand, deep tech companies monitor their growth based on technological advancements and innovations they have achieved. One of the milestones for them is the number of patents they have achieved and their intellectual property. In certain sectors, achieving regulatory approvals and ensuring compliance with industry standards are also crucial markers of success.

Ultimately, the most defining metric for deep tech is its ability to propel humanity forward. The core mission of deep tech is to develop transformative innovations that unlock new possibilities and drive societal progress, reshaping the future in ways once deemed unimaginable.

Domains Deep tech companies

Deep tech companies operate in advanced technological domains that push the boundaries of innovation. These include Artificial Intelligence (AI), Machine Learning (ML), Quantum Computing, Robotics, Biotechnology, Nanotechnology, Blockchain, Aerospace, and Autonomous Systems. Industries such as healthcare, finance, defense, manufacturing, and energy benefit significantly from deep tech advancements. Here is the explanation of each of the domains.

Artificial Intelligence

 Artificial Intelligence (AI) is a field of computer science focused on creating smart systems that can execute tasks typically demanding human intelligence. These systems can mimic or even exceed specific cognitive functions of the human brain. With breakthroughs in semiconductor technology, along with advancements in machine learning and neural networks, AI is revolutionizing industries across the globe.

Machine Learning

Machine learning (ML) is a subset of artificial intelligence (AI) that enables computers to learn from data and improve performance without explicit programming. It uses algorithms and statistical models to identify patterns, make predictions, and automate decision-making. ML is widely used in healthcare, finance, e-commerce, cybersecurity, and autonomous systems. Techniques like supervised learning, unsupervised learning, and reinforcement learning power applications such as chatbots, recommendation engines, fraud detection, and self-driving cars. Advances in deep learning and neural networks have significantly enhanced ML capabilities, making it a key driver of innovation across industries and enabling smarter, data-driven solutions for complex problems.

Biotechnology

Biotechnology is the use of living organisms, such as cells and microorganisms, as well as biological processes, to develop new products. Breakthroughs in genomics and synthetic biology — a subset of biotech that involves altering the genetic material of organisms like plant and animal cells — are being used by many deep tech companies to extend the limits of what is possible in all kinds of areas.

Nanotechnology

Nanotechnology is the science of manipulating matter at the atomic and molecular scale, typically below 100 nanometers, to create innovative materials and devices. It has transformative applications in medicine, electronics, energy, environmental science, and manufacturing. In healthcare, it enables targeted drug delivery, nanosensors, and advanced diagnostics. In electronics, it drives the development of smaller, faster, and more efficient semiconductors. Nanotech also enhances renewable energy, water purification, and materials engineering. By leveraging quantum and molecular properties, nanotechnology is revolutionizing industries, leading to stronger materials, improved medical treatments, and more sustainable solutions, making it a cornerstone of future technological advancements.

Aerospace

Aerospace is a field that focuses on the design, development, and production of aircraft, spacecraft, and related systems. It encompasses both aeronautics (flight within Earth’s atmosphere) and astronautics (space exploration). Aerospace technology drives innovations in commercial aviation, defense, satellite communications, and space missions. Advancements in materials science, propulsion systems, and artificial intelligence are making air and space travel more efficient and sustainable. Companies like SpaceX, Boeing, and NASA are pushing boundaries with reusable rockets, hypersonic travel, and deep-space exploration. The industry plays a critical role in global connectivity, defense, and scientific discovery, shaping the future of transportation and space exploration

Autonomous Robots

Robotics uses a combination of science and engineering to design, construct and use mechanical robots. Using artificial intelligence, these machines can operate autonomously, and often perform tasks with greater precision, accuracy and speed than any human, making them a transformative tool across a variety of industries.

Quantum Computing

Quantum computers use quantum mechanics to solve problems that are too large or complex for traditional computers. They essentially upend the fundamental principles of computer science, relying on qubits instead of traditional bits to process information at a much faster rate. This industry is still very much in the early stages of development and utilization. But, once quantum computers reach “quantum advantage” — where they provide some time or cost advantage over classical computers — they will have a variety of commercial applications.

 Blockchain

Blockchain is a decentralized digital ledger that records transactions across a network of computers. Instead of relying on a central authority, it uses a distributed system where each node validates and updates records. Smart contracts enable automated agreement execution, while consensus protocols establish validation rules, ensuring data integrity. Once recorded, transactions become tamper-proof, fostering transparency and trust. Blockchain technology is widely used in cryptocurrency, supply chain management, finance, and secure data sharing, revolutionizing how information is stored and exchanged by enhancing security, reducing fraud, and eliminating the need for intermediaries in digital transactions.

Conclusion

Deep tech is shaping the future by pushing the boundaries of innovation and plays a vital role in society. It is also leading society to the future of technology, but it comes with unique challenges. Unlike traditional tech, which focuses on applying existing solutions to market needs, deep tech requires large investments in research and development (R&D) and a longer time horizon for a return on investment (ROI). Many projects may even prove scientifically or commercially unviable.

 The long development cycle of deep tech is evident in industries like space exploration, quantum computing, and biotech. While a mobile app can be developed and launched in months, a low-Earth-orbit satellite or an advanced AI model demands years of R&D before reaching the market. Companies investing in deep tech must navigate significant risks but also stand to redefine industries and create breakthrough innovations that shape the future.

Microsoft shutting down Skype

 

 

Microsoft has planned to shut down the SKYPE on 5th May 2025, which is the last day. RIP SKYPE one of the most popular and easy-to-use video calling software of its times. Skype connected people for the past 23 years around the world.

History

Skype was developed in 2003 by Janus Friis from Denmark and Niklas Zennström from Sweden, with its headquarters established in Luxembourg. The software was initially created by Estonian engineers Ahti Heinla, Priit Kasesalu, and Jaan Tallinn, who, along with Friis and Zennström, had also contributed to developing the peer-to-peer file-sharing platform Kazaa.

The domain names Skype.com and Skype.net were registered in April 2003, and by August, the first public beta version was released. Initially called "Sky peer-to-peer," the project was later shortened to "Skyper." However, since related domain names were already taken, the final "r" was dropped, resulting in the name "Skype."In 2005, eBay acquired Skype for $2.6 billion. It was later sold to Silver Lake Partners, a private equity firm, in 2009. Microsoft acquired Skype for USD 8.5 billion in 2011

Microsoft Acquired Skype

In 2011, the primary reason for acquiring Skype was to compete with rivals. Google was offering Google Voice and Hangouts, and Apple has Time, Microsoft needed a robust communication platform to stay competitive, other factors that influenced the decision were:

Enhancing Communication Services – Microsoft aimed to bolster its presence in voice and video communication by integrating Skype with its products like Windows, Office, and Xbox.

Enterprise Solutions – Skype’s integration with Microsoft Teams and Office 365 would improve business communication tools for enterprise customers.

Expanding User Reach – At the time, Skype had approximately 300 million users, providing Microsoft with access to a large and established network.

Cloud and AI Alignment – Skype’s voice and video infrastructure complemented Microsoft’s Azure cloud services and advancements in artificial intelligence.

Though Microsoft acquired Skype it wasn’t a smooth sail in the beginning. They were facing a challenge in monetising Skype. There were new and faster communication tools were launched. On the technological front Microsoft faces quite a challenge to transfer Peer-to-Peer communication to Cloud-based architecture. However, Microsoft overcame these challenges in the due course of time and eventually moved in the right direction with Skype technology.

In the long run, this acquisition proved to be worthwhile: Microsoft integrated Skype’s technology into Teams, which became a huge success during the remote work boom. Skype’s core technology helped enhance AI-driven voice and video features in Microsoft’s ecosystem. Eventually, Skype itself declined, and Microsoft leveraged its acquisition to become a major player in enterprise communication.

Microsoft was able to compete with the competitors and become a dominant player in enterprise communication, not with Skype but with MS Teams. Microsoft pivoted from Skype to Teams, launching it in 2017 as an enterprise collaboration tool. By 2020, Teams had over 250 million monthly active users, surpassing Slack and competing directly with Google Meet and Zoom in the business world. MS Teams did the deep integration with Office 365, One Drive, and Outlook giving Microsoft an edge over Google Workspace.

Here are the best Skype alternatives:

Google Meet

A key advantage of using Google Meet is its availability for free with a Google account. Since many people already use Google and have existing accounts, switching to this platform is relatively seamless. Google Meet enables users to host meetings with up to 100 participants, record sessions, share screens, and more. However, a limitation of the free plan is that meetings with more than three participants are restricted to 60 minutes. For larger organizations, upgrading to a Google Workspace plan may be beneficial. Paid plans offer features such as support for up to 25 co-hosts, breakout rooms for dividing participants into smaller groups, polling, Q&A sessions, live streaming to YouTube, and more. Google Workspace—with pricing tiers starting at $7/month, $14/month, $22/month, and higher—also includes AI-powered tools through its Gemini assistant, which helps Meet users take notes and generate custom background images.

Zoom

Zoom is a widely used web-conferencing platform that offers a range of useful features, such as hosting 100 participants, enabling private and group chat, and taking notes, providing equipment such as a virtual whiteboard and screen sharing. Users can also record meetings and access tapes for reviews. A limit, however, is a restriction of 40 minutes for meetings on the free plan. To avoid interruptions, users can opt for a payment subscription, priced to prices USD 13 to USD 18 per month. Subscribers gain access to Zoom's AI partner, which provides facilities such as the meeting summary and the ability to ask questions about tape.

WebEx

WebEx, a video conferencing tool owned by Cisco, provides a plan similar to that of its rivals. For example, it has features such as screen sharing, recording ability, a whiteboard capacity and more. The free plan includes an unfortunate 40-minute time limit along with 100 attendees per meeting. The WebEx also offers a plan of $ 12/month, $ 22/month and above, depending on the size of the team. Paid Tier comes with an AI Assistant, and Live Polling facility.

Discord

Originally designed as a chat platform for gamers, Discord has evolved to also serve as a versatile tool for personal use or small teams. However, it may not be the best fit for large businesses, as it limits group calls to 25 participants. On the plus side, Discord offers a range of useful features, including unlimited meeting durations, screen sharing, call recording, and breakout rooms. The platform provides a free plan, along with two paid options priced at USD 5/monthand10/month, making it one of the more affordable solutions available, depending on user needs.

Slack

Slack is good for informal team chats, but may not be ideal for formally scheduled meetings with large groups. The Huddle feature helps users quickly move from chat to informal audio-video calls. On the free plan, Huddles can accommodate only two people, whereas paid plans (priced at $7/month or $12/month) allow for up to 50.

Signal

Signal, the encrypted messaging app, introduced group video-calling functionality in 2020, supporting up to 50 participants in a single call. While it isn’t a direct competitor to Skype, it offers a convenient feature for sharing call links, allowing users to invite others without the need to manually create a similar to platforms like Google Meet, Zoom, and Microsoft Teams. A standout advantage is that Signal is completely free to use. For mobile users seeking video-calling solutions for smaller groups, other popular options include WhatsApp, Facebook Messenger, and Apple FaceTime.

 Conclusion

Microsoft's phasing out of Skype signifies the end of an era for the pioneering communication tool. While Skype severed and paved the way for modern video calling, its limitations and the rise of more advanced platforms have led to its gradual decline. Microsoft Teams now stands as the company's primary focus, offering a more comprehensive solution for both personal and professional communication needs.

 

 

 

 

 

 

 

Top Drivers of the Economy in 2025: Key Trends and Growth Sectors

 

The world is battling with a lot of challenges post-pandemic Russia- Ukraine war, political uncertainties and internal conflict with nations, despite those challenges the global economy is in continuous growth, driven by technological advancements, geopolitical events, market dynamics, and societal changes. The global economy showed strength with the prediction of 2.8% growth last year and the same will continue in 2025 and hopefully next year too.

We are going to explore the various drivers (Technology, Geo politics, Finance and demographics) of the global economy in the year 2025.

1. Technology & Digital Drivers

Technology will be one of the key drivers of the global economy this year, rapid technological innovations will shape the different sectors of the economy and will leave a lasting impact. Key tech innovations are

 Artificial Intelligence (AI) and Automation: Artificial Intelligence is going to change the whole economic scenario of the countries and will be one the main drivers. AI along with automation is creating a huge impact on different industries such as healthcare, finance, manufacturing, distribution and communication. With evolution in AI programming, machine learning and advancement in NLP, will impact businesses in providing better service and experiences to their customers.

5G Connectivity: As countries adopt adapting the 5G network, this will amplify digital communication and will ease the data transfer faster and more securely. The 5G network will help in faster connectivity will give a boost to IOT and will help in automation and robotics.

Quantum Computing: Various countries are doing a lot of research in quantum computing to solve complex problems, this is an area where we would love to see progress in solving complex problems and be able to support industries.

2. Geopolitical scenarios

The global geopolitical scenario is under a transformation with the Russia-Ukraine war on one hand and the rise of India’s presence in a globalised world new groups are forming. These new partnerships between countries will impact the geopolitical scenarios in the coming years.  How are these countries going to manage their relations and trade that will impact the global economy in 2025?

US-China Relations: On a global scale, the ongoing economic rivalry between the US and China will impact trade policies, technology regulations, and global supply chains. Countries will need to navigate between these two economic powers.

The Russia-Ukraine Conflict: The geopolitical crisis in Eastern Europe will continue to impact global energy markets, supply chains and defence spending.

3. Global trade

Global trade in 2025 is shaped by Regional Trade Agreements (RTAs), which play a vital role in enhancing economic cooperation among countries by lowering trade barriers and fostering integration. Agreements like the European Union (EU), North American Free Trade Agreement (NAFTA), and Regional Comprehensive Economic Partnership (RCEP) help streamline trade flows, reduce tariffs, and attract investment within member nations. RTAs also boost competitiveness, optimize supply chains, and strengthen diplomatic ties.

 These trade agreements will harness the power of the regions and promote trade integrations.  Agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the African Continental Free Trade Area (AfCFTA) will reshape global trade by promoting regional economic integration. RCEP covers 15 Asia Pacific countries and it is one of the largest trade blocs. Countries like China, Japan, South Korea, ASEAN nations, Australia and New Zealand are part of this bloc. Cooperation among these countries enhances the supply chain and strengthens economic ties.

However, trade imbalances, political disputes, and regulatory challenges can affect their efficiency. Despite these hurdles, RTAs continue to be key drivers of global trade, supporting regional economic development and ensuring long-term stability.

• ·There will be less impact of the USA on global trade.
• Global players are moving production facilities to RCEP blocs to reduce production costs.

The growth rate for world trade is projected at 3.2 per cent for 2025 which is moderate. However, there will be uncertainty in global trade due to geopolitical issues and tariffs countries going to impose on each other. Equally uncertain are the ramifications of such tariffs, which could be determined by a range of factors including responses by consumers and businesses as well as possible retaliatory measures.

4. Energy Transition and Sustainability

With the rising demand in the energy sector in that demand for sustainable energy solutions will be a major economic driver in 2025. Key trends include:

Renewable Energy: Governments and corporations will continue to invest heavily in solar, wind, and hydrogen energy sources to reduce carbon emissions and meet consumer demands.

Electric Vehicles (EVs) and Infrastructure: The automotive industry is already witnessing high demand for EVs, and this trend will stay because increase in the EV charging infrastructure and there is continuous research going on to increase the battery performance this will improve the performance of the EV’s and will give a 360-degree boost to the industry.

Climate Change Adaptation: Rising global temperatures and extreme weather events will drive investments in climate resilience infrastructure and green technologies. Environmental, Social, and Governance (ESG) standards will shape corporate policies, influencing investment decisions and market valuations.

5. Financial Policies and Central Bank Strategies

Global financial institutions and central banks will enact measures to stabilize economic growth and manage inflation. Key focus areas include:

 Interest Rate Adjustments: Central banks, such as the US Federal Reserve, the European Central Bank (ECB), and the People's Bank of China, will fine-tune interest rates to strike a balance between curbing inflation and supporting economic expansion.

Digital Currency Adoption: Central Bank Digital Currencies (CBDCs) will see increased adoption as governments seek modern alternatives to traditional cash-based systems.

Public Debt Management: Governments will prioritize addressing rising public debt through fiscal reforms, updated taxation policies, and coordinated international lending approaches.

 Stock Market Dynamics: Equity markets will be shaped by factors such as economic growth outlooks, corporate performance, and the impact of global financial policies

5. Workforce and Demographic Trends

Shifts in demographics and evolving workforce dynamics will have a profound impact on economic growth. Key trends include:

Ageing Populations: Nations like Japan, Germany, and China will encounter economic challenges as ageing populations and declining workforce numbers strain resources.

Rise of Remote Work and the Gig Economy: The growing prevalence of remote work and freelance opportunities will transform labour markets, pushing companies to adopt more flexible work arrangements.

Addressing Skill Gaps: As technological advancements accelerate, reskilling and upskilling initiatives will become critical to equip workers with the skills needed for emerging job roles.

Migration and Labor Mobility: Governments will adjust immigration policies to tackle labour shortages, particularly in essential sectors such as healthcare and technology. 

6. Consumer Behavior and Market Dynamics

Consumer spending patterns and market trends will play a pivotal role in shaping the global economy in 2025. Key developments to watch include:

E-commerce Expansion: The online retail sector and direct-to-consumer (DTC) business models will continue to grow rapidly, fueled by advancements in digital payment systems, AI-powered marketing, and seamless logistics.

Health and Wellness Boom: A heightened consumer focus on health, fitness, and well-being will drive growth in sectors such as organic food, personalized medicine, mental health services, and wellness technologies. 

Shift to Experience-Based Consumption: Consumers will increasingly prioritize experiences—such as travel, entertainment, and luxury services—over material goods, reshaping spending trends in the hospitality, tourism, and leisure industries.

Emerging Market Opportunities: Rapid economic growth in regions like Southeast Asia, Latin America, and Africa will unlock new consumer demand, creating lucrative opportunities for investment and market expansion.·

Conclusion

The global economy in 2025 will be shaped by a confluence of factors, including technological innovation, geopolitical developments, sustainability initiatives, financial policies, demographic shifts, and evolving consumer preferences. To thrive in this dynamic environment, businesses, investors, and policymakers must remain agile, embracing innovation, sustainability, and strategic foresight. By proactively adapting to these trends, stakeholders can navigate uncertainties, capitalize on emerging opportunities, and build a foundation for long-term economic resilience and prosperity.

Health tech sector funding a brief view

 

Technological innovations have opened up all new possibilities in every aspect of human life and healthcare is no different rapid changes are happening and the healthcare industry is adopting the technology which has given a significant boost to healthcare start-ups. The US start-up ecosystem is going through an unfathomable shift. Healthcare startups are innovating and leveraging new technologies to make a difference in human life. These start-ups not only help patients track and monitor their health status, but they are making it easier for the Drs. to keep the record. These start-ups define the future. We will briefly study the changes in the funding since 2022 and upcoming trends.

US Health Tech Startups Funding

The health tech sector has been on the rise with technological innovations (mobile technology) and it has gained an exponential rise in post covid. The pandemic has divided the timeline into two parts pre-covid era and post covid, as COVID-19 impacted human life 360 degrees. Post-COVID health tech has seen significant demand and a sharp rise for a better alternative solution, better technology to interpret patient data and predict the health status, and better monitoring of the patient not only in the hospital but remotely as well. This has given rise to health tech startups and significant opportunities for venture capitalists. According to research published by Rock Health, health tech startups in the U.S. raised over $29 billion in funding in 2021 which was an upsurge in VC funding.

Post-2022 there is a change in funding and it has moved downwards the investment of USD 16 billion and USD 10.3 approx for the year 2023 and USD 10 billion for 2024. The downward trend in funding is due to changes in VC investment trends. As per the report the VCs are investing in early-stage start funding, another reason the size of the deals for later-stage funding startups in 2024 has come down to USD 50 million approx. These numbers have impacted overall investment numbers. There is a technological shift in the market, AI is on the front seat and has become a major driving force in the technology industry. AI-based Health Tech started attracting the VC to invest in AI-driven projects. The 30% investment in the health tech sector has gone into AI-driven start-ups. With advancements in AI technology, the health tech sector is going to grow and will going to be a lucrative segment for VC investors.

 Global Funding Overview

The global VC investment has touched USD 25.1 billion in health tech start as compared to last year however this is a slight increase from last year. The ride in health tech fund was topsy-turvy in the sector due to changes in investment patterns and AI innovations. The VCs are keener on early-stage funding rather than established startups and AI-based tech start-ups have taken more than 20% of total global investment, the startups need to follow the technological changes to be in the game.

Challenges

Despite the sector's huge growth potential and demand for better healthcare technology, healthtech startups are fighting their own battle in terms of regulatory challenges, data security and privacy concerns, with the AI being the driving force the adoption of new technology needs acceptance from the people across the globe which is a challenging process. But with changing social scenarios the adoption of technology is quicker than ever before and in the coming future, this will improve.

 Key Areas of Innovation

US healthcare startups are focusing on a range of services and applications.

1. Telemedicine and Virtual Care == Teladoc Health and Amwell

Telemedicine is one of the fastest-growing technologies that has captured the market and is widely accepted during the pandemic. Telemedicine companies have revolutionized the way patients interact with healthcare providers and enabled patients to have remote consultations. These applications make healthcare approachable for remote areas.

2. Wearable Devices and Remote Monitoring

Wearable technology is the second most widely recognized by patients across the globe. It empowers patients and providers to monitor the physical activities of patients and their health status on real real-time basis.

3.  Artificial Intelligence and Machine Learning

AI-powered health tech is going to be the norm and future, AI technology is changing every aspect of health care be it diagnostics, medicine, pathology or critical care. AI is playing a significant role in predictive health care by recognizing analyzing current health data and predicting future possibilities of diseases as well as suggesting the required medication and care.

4. Digital Therapeutics and Mental Health

Health tech is advancing in providing Digital therapeutics treatments for conditions like addiction, depression, and anxiety. The companies are developing software that is helping in understanding the patient conditions and able to provide better analysis and tracking. Also, they are cost-effective.

5. Healthcare Data Management and Interoperability

Healthcare data management is in significant transformation, health tech companies are developing where data can be easily portable from one platform to another, helping providers in providing better analysis of patient data.

6. Medicine and Genomics

Medicine and Genomics health tech companies are making it easier to understand hereditary issues with patients and helping to make genetic testing easier for patients and providers to understand.

 

Key health tech startups

The health tech landscape is ever-changing and new players are leading the sector. Here is the list of this year's tech start-ups to watch for.

• Medi Builder- Specializes in evaluating medical device concepts for commercial viability, providing comprehensive analyses to determine market potential.
• Doctolib - European platform facilitating online appointment scheduling and teleconsultation services
• Ro- Focuses on telehealth and digital pharmacy services.
• Tempus – AI-based platform to interpret insights from the clinical data in precision medicine.
• Organ Ox – Work in organ donation and preservation of organs for transplant outcomes.
• Ribbon Health – Works with healthcare data to provide predictive analytics.
• Luma Health – Works in the field of electronic health records.
• Linus Health- Develop digital tools for remote patient monitoring,

The above are the few companies from a long list to watch in 2025.

 Conclusion

The global scenario of health tech start-ups looks promising, with startups constantly innovating in finding new ways to provide better care to patients, better interpretation of healthcare data and predictive healthcare the possibilities are immense.  On the other hand, as technologies improve and develop, they will give the edge to healthcare startups and they will play an important role in providing care to society and in developing advanced healthcare systems.

These startups are the key and play a vital role in improvising the healthcare structure globally as they are at the forefront of finding the gaps in existing healthcare systems. As these start-ups focus on innovation and technology they are of paramount importance in the present healthcare systems. The healthtech companies with the help of AI are better equipped in the interpretation of health data and the care to be provided.  

Further, the ecosystems also need to be developed for better operations of these healthcare startups and policymakers and healthcare organizations need to be ready for that. The future lies in the better coordination of policymakers and healthcare organizations to overcome future challenges. Health tech startups are a way of the future with a continued investment this industry will always remain lucrative for investors. The health tech start-ups are solving critical problems in healthcare sectors they will always be a key player in society and will impact the health of citizens.

 

2024 US Elections: US President's Challanges

As Donald Trump navigates his way through a thumping majority in 2024 US elections,  he will be facing several notable challenges in 2025 that will impact both his administration and his influence domestically and internationally. Here are some key challenges:

1. Economic Stability and Inflation

Trump will need to address economic issues, especially inflation and concerns over national debt. Rising costs of living and healthcare, paired with an increased demand for job creation, will require policies that balance growth with budgetary discipline.

2. Healthcare and Social Security

Managing rising Medicare premiums and Social Security solvency will be essential as the population ages. Trump will need to find a path that sustains these programs while addressing the growing financial strain they place on the federal budget.

3. Foreign Relations and National Security

Given tense relations with global powers like China and Russia, Trump will need to craft a foreign policy that emphasizes both economic competition and national security. This includes navigating trade deals, managing diplomatic ties, and addressing potential cyber threats.

4. Immigration Reform

Immigration remains a polarizing issue, with demands for border security alongside calls for pathways to citizenship for certain undocumented groups. Balancing these concerns will be crucial for domestic stability and relations with neighbouring countries.

5. Climate and Energy Policy

Addressing environmental concerns while promoting energy independence will be a dual challenge. There will likely be debate around balancing fossil fuel production with renewable energy investments, especially as natural disasters and climate events increase pressure on policy.

6. Social Divisions and Political Polarization

Trump will also face the challenge of uniting a deeply divided country. Policies on education, social issues, and law enforcement reform will play a role in either bridging or widening these divisions, making this one of the most critical tests for his administration.

Addressing these issues in a cohesive manner will be essential to achieving his agenda and maintaining stability across the United States.

HDPSA: Health Data Privacy and Security Act in India

 

Introduction

 India has finally awakened to the Healthcare Data Privacy and Securities Act, though initial stages it is a good move. India's health care market is constantly growing which is the highest in comparison to most developed nations. The growth is due to the large population of the country as India is the world's second-highest populated country in the world after China. So meeting the demand for such a large population we need more hospitals, clinics, doctors, nurses, and technology. Because of such size, the Indian healthcare industry generates a huge amount of data in terms of financial transactions, patient health data, and treatments given to patients. In today’s digital era, healthcare has taken a giant leap forward with the rise of electronic health records (EHRs), telemedicine, and health-focused mobile apps. These innovations have made healthcare more efficient and accessible, but they’ve also sparked growing concerns about the privacy and security of our most sensitive information—our health data. In India, where the healthcare sector serves over 1.4 billion people, the need for a strong legal framework to protect this data has never been more urgent. Enter the Health Data Privacy and Security Act (HDPSA), a proposed law designed to tackle these challenges head-on. This article explores the HDPSA’s significance, its key provisions, the hurdles it faces, and the potential it holds to reshape India’s healthcare landscape.

Importance of HDPSA

India’s healthcare system is one of the largest in the world, generating an enormous amount of health data every day. This data includes everything from medical histories and test results to treatment plans and personal identifiers. While this information is vital for providing better care, it’s also highly sensitive. If mishandled or accessed without authorization, it can lead to identity theft, discrimination, and a loss of trust in healthcare providers.

Currently, in India, Patient Health data is poorly managed by the sector. In case of a patient data breach, there are no laws to penalize the entity which are involved in a data breach. The data is managed by the physicians, hospitals, and clinics in their format. Apart from this, there are 3rd party service providers are involved in the healthcare system, which gives a high chance of data leakage. In addition, the doctors have to repeatedly write multiple diagnostic tests as they don't have a centralized repository to access the patient's data.

What Does the HDPSA cover:

The HDPSA is built around the idea of protecting individuals’ privacy while allowing health data to be used responsibly for improving care. Here’s a breakdown of its key provisions:

1.       Defining Health Data: The Act takes a broad view of health data, covering everything from medical records and test results to genetic information. This ensures no sensitive data slips through the cracks.

2.       Consent and Ownership: Individuals must give informed consent before their data is collected or used. The HDPSA also recognizes individuals as the rightful owners of their health data, giving them control over how it’s shared.

3.       Data Minimization: Only the data necessary for a specific purpose can be collected, and it can’t be used for anything else without additional consent.

4.       Strong Security Measures: Healthcare providers and others handling health data must implement robust security measures, like encryption and regular audits, to prevent breaches and cyber attacks.

5.       Breach Notifications: If a data breach occurs, affected individuals and regulatory authorities must be notified promptly so people can take steps to protect themselves.

6.       Cross-Border Data Transfers: Health data can only be sent to countries with strong data protection laws, preventing misuse in regions with weaker safeguards.

7.       Regulatory Authority: A dedicated body will oversee the Act’s implementation, ensuring compliance and addressing violations.

8.       Penalties for Non-Compliance: The HDPSA imposes strict penalties, including fines and imprisonment, to deter violations and ensure accountability.

How HDPSA helps:

The HDPSA is more than just a law—it’s a step toward building trust and security in India’s healthcare system. Here’s why it matters:

1.       Empowering Individuals: By giving people control over their health data, the HDPSA puts privacy back in their hands. This is especially important in a country where privacy concerns are often overlooked.

2.       Boosting Digital Health: With clear rules in place, the HDPSA encourages the growth of telemedicine, health apps, and other digital health tools, making healthcare more accessible and efficient.

3.       Strengthening Data Security: By mandating strong security measures, the Act reduces the risk of data breaches, which are becoming all too common in today’s digital world.

4.       Supporting Research: The HDPSA allows anonymized health data to be used for research, paving the way for medical breakthroughs and better public health outcomes.

5.       Global Alignment: By aligning with international standards like the EU’s GDPR, the HDPSA positions India as a global player in healthcare innovation.

Challenges

While the HDPSA is a step in the right direction, implementing it won’t be easy. Some of the key challenges include:

1.       Raising Awareness: Many people and healthcare providers may not fully understand the Act or their rights and responsibilities under it.

2.       Building Capacity: Smaller healthcare providers and startups may struggle to meet the Act’s requirements due to limited resources.

3.       Balancing Privacy and Access: Striking the right balance between protecting privacy and allowing access to data for public health and research is tricky.

4.       Ensuring Compliance: Enforcing the Act across India’s vast and diverse healthcare system will be a monumental task.

5.       Harmonizing Laws: The HDPSA will need to work seamlessly with existing laws like the IT Act and the Personal Data Protection Bill to avoid confusion or overlap.

 The Potential Impact

if implemented effectively, the HDPSA could transform India’s healthcare sector in several ways:

1.       Greater Trust in Digital Health: By addressing privacy concerns, the Act could encourage more people to embrace telemedicine and health apps.

2.       Stronger Data Security: Healthcare providers will need to invest in better security measures, reducing the risk of breaches and cyber-attacks.

3.       More Research Opportunities: Researchers will have access to anonymized data, driving innovation and improving healthcare outcomes.

4.       Increased Accountability: Strict penalties will hold organizations accountable, ensuring they take data privacy and security seriously.

5.       Global Competitiveness: Aligning with international standards will make India a more attractive destination for healthcare investment and collaboration.

Conclusion

The Health Data Privacy and Security Act (HDPSA) is a landmark piece of legislation that addresses a critical need in India’s healthcare system. But it is still a work in progress and there is no definitive date by when it will be finalized and come into practice. However, safeguarding health data empowers individuals, promotes digital health, and enhances data security. While challenges remain, the potential benefits are immense. The HDPSA has the power to make healthcare in India more secure, efficient, and globally competitive, ultimately benefiting everyone—from patients to providers to researchers. As we move further into the digital age, the HDPSA will play a vital role in ensuring that our health data is protected, paving the way for a healthier, more trustworthy future.