Jakarta, CNBC Indonesia – Minister of Health Budi Gunadi Sadikin revealed that in terms of priorities, the health industry is the largest or most important compared to other sectors.
Because according to Budi, health is the main thing that most people pay attention to. This means that today’s society prioritizes spending on health.
In Indonesia, for an average life age of 72 years, health spending reaches US$ 130. Meanwhile for Malaysia it can reach US$ 400 and Singapore US$ 2,800.
“The average age of Indonesians is 72 years. Health spending is US$ 130. Malaysia is US$ 400 and Singapore is US$ 2,800 per person. The older a person is, the higher their health expenditure will be,” said Budi at the 2023 Tech Conference, Tuesday ( 22/8/2023).
Seeing this, it is not surprising that the investment opportunities in the health industry are currently very large. Even for opportunity in Singapore and Malaysia, he said it could reach US$ 700 billion.
He said in the health industry itself there are two sectors that hold great potential, namely medicines and health services.
According to him, the country’s health industry can also have many startup companies that can quickly become unicorns. According to him, the requirement for a startup to turn into a unicorn is to grow in the rapidly growing industrial sector, one of which is health.
“This industry (health) is high in the investment hierarchy. Potential upsize-It’s big compared to other countries,” Budi concluded.
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