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A data-driven research-based country pipeline system to gauge country competitiveness in healthcare
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Despite global political uncertainties and a subdued economic outlook, 2019 proves to be promising for the global healthcare industry, supported by growing and more aware middle class, accelerated ageing population across the globe seeking personalized medical insurance, higher R&D across the board. Adoption of digital technologies gives rise to newer delivery models in which treatment of patients move from cure to early prevention. With slowing global demand with looming Sino US trade war, privatization initiatives in Gulf, Election process in India and Indonesia, corporates are being increasingly challenged by the need to invest in technological advancements and the need to find stable sociopolitical environment in countries. Given this changing global market conditions, Frost & Sullivan leverages an indexing methodology to annually track the competitiveness of healthcare markets across the globe. The GIL-H Index or the Growth, Innovation, and Leadership Index for Healthcare Attractiveness essentially helps identify go-to destinations for healthcare using a robust data-driven approach, whereby countries are evaluated across multiple indicators under the Growth (G), Innovation (I), Leadership (L) and Healthcare (H) pillars. In effect, this data-driven tool allows healthcare market players to build their go-to country pipeline by assessing not just size related indicators such as population and economic growth, but also by assessing the country’s innovation ecosystem through skilled labor availability, education expenditure, patent applications and by analyzing business environment through logistics efficiency, ease of doing business, political stability among others. There are more than 50 indicators used in the ranking process. The 2019 edition of the GIL-H Index, being the second edition ranks 117 countries (with GDP equal to or over $20 billion) as opposed to 110 countries in the previous edition based on their attractiveness. The index generates country rankings following the assignment of weights to the G, I, L, and H pillars and to the specific indicators under them. The 2019 version also includes a detailed and comprehensive scenario based analysis namely disease burden scenario, health infrastructure scenario and health spending scenario, encompassing differing weight assignment and rankings, to highlight how results evolve based on differing client requirements. The data-model is also supplemented by select country profiles that highlight country specific drivers and challenges. Country Selection: 117 countries Developed markets and emerging markets: 41 developed markets and 76 emerging markets. Regional classification: • Africa : 19 countries • Americas : 21 countries • Asia-Pacific : 23 countries • Central Asia : 5 countries • Eastern Europe : 19 countries • Middle East : 13 countries • Western Europe : 17 countries
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