SINGAPORE, May 9, 2018 /PRNewswire/ -- The Asia-Pacific (APAC) healthcare industry is
Frost & Sullivan's recent analysis, Asia-Pacific Healthcare Outlook, offers our experts' top eight predictions for the APAC healthcare industry, along with insights on key trends, such as insurance modernization, clinical trials digitalization, cloud and AI adoption, and medical imaging transformation, as well as revenues across key industry sectors. APAC country snapshots of Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam are also provided.
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"Through digital transformation healthcare companies are introducing service-orientated business models, and direct-to-consumer care delivery platforms in the region," said Natasha Gulati, Industry Manager, Transformational Health, Frost & Sullivan.
"Meanwhile new approaches to health and wellness, like "omics" based health advisory and gamification are gaining market momentum," she added.
Gulati recommends players focus on personalization, combined with consumer empowerment, as a key ingredient for disease prevention and patient wellness. Innovative companies active in this space include Prudential, iCarbonX, and Healthi who are moving toward personalized wellness intervention through the introduction of direct-to-consumer gene sequencing and Thorne Research and Imagene Labs who are about to make available personalized over-the counter nutritional supplements and skin care products on a subscription model.
Six key trends spurring growth opportunities in the APAC healthcare industry include:
"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," noted Gulati.
Asia-Pacific Healthcare Outlook 2018 is part of Frost & Sullivan's global Transformational Health – Digital Health Growth Partnership Service program.
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Asia-Pacific Healthcare Outlook 2018 P9E1_48
Contact:Melissa TanCorporate Communications – Asia PacificP: +65 6890 0926F: +65 6890 0999E: email@example.com
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SOURCE Frost & Sullivan
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