Digital Health Technologies Foster Growth Opportunities for Stakeholders in the APAC Health Systems
March 29, 2018 | Frost & SullivanEstimated reading time: 2 minutes
Increasing digitalization across APAC is paving the way for growth and investment opportunities in technologies like cognitive intelligence, virtual reality, voice interfaces and digital ecosystems as the region shifts toward value-based care. Challenges, however, continue to exist in developing interoperability standards, ensuring cybersecurity, and establishing regulatory frameworks that enable value-based care and care delivery standardization.
Frost & Sullivan’s research, Key Trends in Digital Health, Asia-Pacific, 2018, reveals that increased adoption of AI technologies and evolution of digital ecosystems will demonstrate individual and population-level improvements in health outcomes across APAC in 2018.
For further information on this analysis, please visit:
“While technologies and tools to support value-based care can and are being introduced in APAC, what the region really needs is better awareness of the meaning and benefits of value-based care to patients and health systems as a whole. There remains an important gap in terms of understanding the concept of value-based care which can only be bridged by introducing health system and payment model reforms in this direction,” said Natasha Gulati, Industry Manager, Digital Health, Frost & Sullivan.
Key priorities for Healthcare IT stakeholders to take advantage of emerging growth opportunities:
- Prepare for policy change by honing the ability to be adaptable and nimble;
- Focus on quick wins to help improve provider usability and workflow integration;
- Explore emerging markets, particularly the Philippines and Vietnam;
- Partner with local start-ups and tier 2 vendors to increase penetration in specific countries; and
- Introduce new care paradigms, such as precision medicine, to be positioned as a thought leader and innovator.
Health Data Continuity and Intelligence Cloud digital trends are key areas of investment and industry focus in 2018, with the current imperative of ensuring interoperability and smooth data exchange across medical records, both within and across hospitals. In addition, Voice and Speech Recognition Solutions are also being adopted to enable better patient interaction and engagement.
“AI and cognitive intelligence are, undoubtedly, the buzz words across the provider arena in APAC. Some pilots are being conducted with the goal of demonstrating the power of AI in various facets of healthcare. Amongst these, clinical decision support tools have garnered maximum attention even though they are out-numbered by hospital optimization projects,” said Gulati.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.
Suggested Items
LPKF Extends Contract of CEO Klaus Fiedler until 2028
04/24/2024 | LPKFThe Supervisory Board of LPKF Laser & Electronics SE has decided to extend the contract of Dr. Klaus Fiedler as CEO until 31 December 2028. "Under the leadership of Klaus Fiedler, LPKF has undergone some extensive transformation since he joined just over 2 years ago.
VDMA: Machine Vision Navigating Through Uncertain Times
04/18/2024 | VDMAFor over a decade, the European machine vision industry has reported steady growth, with turnover increasing by an average of 9 percent annually between 2012 and 2022. Despite a temporary setback in 2020 (minus 4 percent) due to the Covid-19 pandemic, the industry rebounded strongly in 2021 (plus 17 percent) and 2022 (plus 11 percent).
ZESTRON Welcomes Angela Marquez as Head of Business Unit, Latin America
04/17/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, is delighted to announce Angela Marquez's appointment as the new Head of the Business Unit for Latin America.
Gartner Forecasts Worldwide IT Spending to Grow 8% in 2024
04/17/2024 | Gartner, Inc.Worldwide IT spending is expected to total $5.06 trillion in 2024, an increase of 8% from 2023, according to the latest forecast by Gartner, Inc. This is an increase from the previous quarter’s forecast of 6.8% growth and puts worldwide IT spending on track to surpass $8 trillion well before the end of the decade.
Cicor Records Solid Growth in Q1
04/16/2024 | CicorThe Cicor Group continued to grow in the first three months of the year. Quarterly sales increased by 11.8% to CHF 107.3 million compared to the first quarter of the previous year (Q1/2023: CHF 96.0 million).