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Asia-Pacific Healthcare Outlook, 2018
Asia-Pacific Healthcare Outlook, 2018
The Year of Digital Innovation in Asia-Pacific
03-Apr-2018
Asia Pacific
Description
The healthcare industry in Asia-Pacific (APAC) is expected to grow at 12.5% in 2018, making it one of the fastest growing regions in the world, as the global healthcare economy averages an annual growth rate of 4.8%. This positive growth is fuelled by increasing adoption of technology, innovative healthcare access programs, and delivery of care outside traditional hospital settings. Frost & Sullivan projects the APAC healthcare market to grow to $517 billion in 2018. For the region, healthcare challenges of access and affordability of new technology demand complex and innovative solutions from all industry stakeholders. Key industry issues that deserve attention include policy innovation, support for new business models, development of patient-focused technology platforms, and the evolving role of consumers in healthcare. These emerging trends create growth opportunities for industry participants including pharmaceuticals, diagnostics, and medical technology manufacturers, digital health vendors, and healthcare service providers.
The role of healthcare consumers is changing dramatically in APAC. Digital technology is enabling access to information and care; hence consumers are able to choose where, how, and by whom they would like to be treated. This is changing every business model in the region. With this major industry transition as the background, some of the Growth Opportunities discussed in this year’s Outlook cover the following areas:
• Private Health Insurance
• Medical Tourism
• Healthcare Provider Infrastructure
• Imaging Analytics
• Patient Monitoring Platforms
• Mental Health
• Regenerative Medicine
• Biosimilars
• Cloud and AI.
An important global trend that is currently missing in APAC is the introduction of value- and outcomes-based payment and reimbursement models. Industry suppliers, including IT vendors, medical technology companies and pharmaceuticals, are partnering with public and private payers to introduce outcomes-based reimbursement models for expensive therapeutic products and services in other parts of the world. In 2018, Japan could be the first in APAC to introduce an outcomes-based reimbursement model for Novartis’ CAR-T therapy, with China potentially following suit. On the other hand, personalization combined with consumer empowerment will be the key ingredient for disease prevention and patient wellness. Direct-to-consumer gene sequencing is moving toward services and solutions as companies like Prudential, iCarbonX, and Healthi have introduced personalized wellness interventions. On the other hand, companies like Thorne Research and Imagene Labs will make available personalized over-the-counter nutritional supplements and skin care products, respectively, and that too on a subscription model.
In a nutshell, 2018 is expected to be the year when APAC truly transforms industry business models, with technology and data transparency being the key enablers. Our outlook discusses the qualitative and quantitative factors driving this transformation.
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Key Findings—Asia-Pacific Healthcare Market Snapshot
2018 Predictions for the Asia-Pacific Healthcare Industry
Growth Opportunities in Asia-Pacific Healthcare Industry
Growth Opportunities in Asia-Pacific Healthcare Industry (continued)
Growth Opportunities in Asia-Pacific Healthcare Industry (continued)
Critical Success Factors
Scope and Segmentation
Key Questions this Study will Answer
Global Healthcare Revenues by Sector in 2017 and 2018
Key 2018 Healthcare Market Predictions
Key 2018 Healthcare Market Predictions (continued)
Total APAC Revenue
Key APAC Countries to Watch
APAC will Face a Shortage of 3.4 Million Beds in 2018; This Number is Expected to Surge to 3.6 Million By 2022
Over 2 Million New People Across the Region will Buy Private Health Insurance in 2018
Outbound Medical Tourism from China and India will Grow to Over 2 Million Travellers by the End of 2018
Home Monitoring Platforms and Homecare Services Represent an Opportunity Worth $507 Million in 2018
Fast-tracking Innovative Therapeutic Products will Reduce Time-to-market to Less than 6 Months; China in the Lead
Mental Health will Emerge as a Key Area of Focus with a Potential Patient Base of Over 344 Million in 2018
Biomarkers Market in APAC will Grow at 17.4% in 2018
Digital Platforms will Drive 20% Growth in the Clinical Trials Market, Hitting Revenue of Over $10 Billion
Six-digit Treatment Costs in Oncology will Compel Companies to Move Toward Outcome-based Contracts
Personalization Combined with Consumer Empowerment will be the Key Ingredient for Prevention and Wellness
Government Focus on Price Caps on Medical Devices will Open Up New Possibilities in Some APAC Countries
Regional Regulatory Reforms and Business Transformations will Propel Further ASEAN Harmonization
Growth Opportunities in Asia-Pacific Healthcare Industry
Growth Opportunities in Asia-Pacific Healthcare Industry (continued)
Growth Opportunities in Asia-Pacific Healthcare Industry (continued)
Critical Success Factors
Pharmaceutical & Biotechnology Trends
Pharmaceutical & Biotechnology Trends (continued)
Pharmaceutical & Biotechnology Revenues
Pharmaceutical & Biotechnology Companies to Watch in 2018
In-Vitro Diagnostics Trends
In-Vitro Diagnostics Trends (continued)
In-Vitro Diagnostics Revenues
In-Vitro Diagnostics Revenues (continued)
In-Vitro Diagnostics Companies to Watch in 2018
Medical Technology Trends
Medical Technology Trends (continued)
Medical Imaging Trends
Medical Imaging Trends (continued)
Medical Technologies Revenues
Medical Imaging Revenues
Medical Technology Companies to Watch in 2018
Digital Health Trends
Digital Health Trends (continued)
Digital Health Revenues
Digital Health Companies to Watch in 2018
Healthcare Services Trends
Healthcare Services Trends (continued)
Healthcare Services Trends (continued)
Healthcare Services Market Size
Healthcare Services Companies to Watch in 2018
Spotlight Australia
Spotlight China
Spotlight India
Spotlight Indonesia
Spotlight Japan
Spotlight Malaysia
Spotlight New Zealand
Spotlight Philippines
Spotlight Singapore
Spotlight South Korea
Spotlight Taiwan
Spotlight Thailand
Spotlight Vietnam
Conclusions
Legal Disclaimer
Major Regulatory Transitions Impacting Pharmaceuticals & Biotechnology
Major Regulatory Transitions Impacting Pharmaceuticals & Biotechnology (continued)
Key Industry Partnerships Impacting Pharmaceuticals & Biotechnology
Major Regulatory Transitions Impacting In-Vitro Diagnostics
Key Industry Partnerships Impacting In-Vitro Diagnostics
Major Regulatory Transitions Impacting Medical Technologies and Medical Imaging
Key Industry Partnerships Impacting Medical Technologies and Medical Imaging
Major Regulatory Transitions Impacting Digital Health
Major Regulatory Transitions Impacting Digital Health (continued)
Key Industry Partnerships Impacting Digital Health
Key Industry Partnerships Impacting Digital Health (continued)
Key Industry Partnerships Impacting Digital Health (continued)
Key Industry Partnerships Impacting Digital Health (continued)
Key Industry Partnerships Impacting Digital Health (continued)
Major Regulatory Transitions Impacting Healthcare Services
Major Regulatory Transitions Impacting Healthcare Services (continued)
Major Regulatory Transitions Impacting Healthcare Services (continued)
Key Industry Partnerships Impacting Healthcare Services
Key Industry Partnerships Impacting Healthcare Services (continued)
Key Industry Partnerships Impacting Healthcare Services (continued)
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Popular Topics
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| Author | Natasha Gulati |
| Industries | Healthcare |
| WIP Number | P9E1-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9600-B1,9611-B1,9612-B1,9614-B1,9627-B1,99BC-B1,99C1-B1,99C6-B1,9A43-B1,9A49-B1,9A4B-B1,9A4E-B1 |