Global medical industry ten trends forecast
According to Frost & Sullivan's Transformational Health, a well-known international market research firm, the global healthcare industry will maintain steady growth in 2018 despite the volatile political environment and rising cost pressures. The annual revenue of medical products will exceed 1.85 Trillion dollar mark.
In 2017, digital healthcare investment surpassed 6.5 billion U.S. dollars, up 109% over the same period of previous year. Frost & Sullivan believes that digital healthcare investment will continue to grow in 2018 as innovative technologies and platform solutions emerge to help improve quality of care, treatment outcomes and chronic disease management. In addition, the high growth in emerging markets will change the paradigm of medical product development and geographic promotion.
The following is the Frost & Sullivan on the 2018 global health care industry ten trend inventory:
First, the "service as a product" solution will be a powerful tool for gaining a competitive advantage in the medical field
The "** as a service" model will play a greater role as a source of new revenue for the sustainable development of the healthcare industry. In the next two or three years, 2-3% of the total revenue of major pharmaceutical companies and healthcare providers will come from the "service +" model. As business models shift to "platform as a service" and "data as a service," as organizations realize their business expectations through information technology, capital, spending, and revenue continue to shift from capital expenditures to operating costs. "Letting data speak" will be a new source of innovation. For health insurance "pay as you go", smart solutions and services enable differentiated care. In the future, this business model of generating revenue from service delivery will give end users a better understanding of the value of healthcare.
Second, the cloud has become the core platform for cross-industry cooperation and will help all healthcare stakeholders reduce cost and increase efficiency
As medical data becomes more complex and complex, the cloud will become the core platform. Medical data is stored in the cloud and covers all stakeholders. Is expected to 2018, global healthcare cloud computing market will exceed $ 5 billion, it is expected to grow about 24% in 2017 to 2022 this time. In addition, the growing demand for value-based healthcare and the growing popularity of precision medical concepts make deployment of a scalable cloud platform imperative. By consolidating a wide range of medical data sets with a scalable cloud platform, healthcare organizations can collaborate to create new types of care such as telemedicine and home care and develop actionable analytics solutions.
Third, large-scale science and technology enterprises will receive high returns
In 2018, the FDA program, designed to quickly track digital therapy and health applications, will greatly facilitate the participation of non-traditional businesses such as Apple, Verily (Life Sciences Inc. of Google), Samsung and Fitbit in the healthcare market competition. In addition, the medical industry to truly practice "patient supreme" and "innovative" needs to be basically in line with the development of the IT industry and retail industry, and to win through technology and the most effective business model.
Fourth, the virtual test and remote clinical trials continue to increase, improve efficiency and patient supremacy become the medical center of gravity
The application and integration of app data for wearable devices and smartphones has long shown significant benefits in reducing test costs, simplifying testing processes and demonstrating real performance. About 20% of the world's clinical trials will be done through virtualization, as mobile healthcare solutions will grow rapidly over the next year or a year and a half. With the popularity of the "bring your own device to work" model, technologies such as mobile healthcare and wearable devices, previously neglected in clinical research, will not only be viable but will also quickly become the norm.
Fifth, hospital robotic surgery and care will be universal
The urgent need to improve the treatment and rehabilitation of elderly patients and the growing shortage of nursing staff will increase the demand for global nursing assistance. By 2018, the market for medical automation and medical robots will exceed 1.6 billion U.S. dollars. As market competition intensifies, the right type of robotics, combined with proper cooperation, will be the key to achieving growth in the healthcare market. It is estimated that by 2025, 80% of the operations will be performed by robots.
Sixth, Asia-Pacific countries take the lead in the implementation of smart hospital projects
Digital advances and market trends, including the concept of smart cities, are prompting hospitals to become "smart." By 2018, South Korea, Australia, Singapore and Malaysia will have about 3,200 smart beds. However, interoperability and cyber security are still major obstacles to implementing smart hospital solutions.
Seven, although there is increasing investment by medical stakeholders, the number of cyberattacks in the health care industry will double in 2018
As the digitization of information in the medical industry is getting higher and higher, the medical industry is increasingly becoming a multi-national area for cybercrime. In the case of cyber-security attacks, a company that runs medical technology or consumer devices can face up to millions of dollars in losses. Therefore, the government, the health sector and OEMs of medical devices must step up their efforts to establish a long-term mechanism for issuing guidelines and disclosing manufacturer information, raise awareness of risk prevention and formulate risk management solutions.
Eight, incentive health insurance plan will be universal
According to industry forecasts, about 52% of the world's workforce is overweight and 76% have health problems. However, only 9% of the world's workforce is involved in health programs provided by businesses or employers, and only hard-hitting employers can be achieved. Therefore, a forward-looking incentive mechanism characterized by "looking at data and paying insurance" will become a standard model for the cooperation between policyholders and insurance companies in 2018 to promote a global health plan. For example, Vitality in South Asia and Prudential launched the new DNA test for myDNA, the Discovery company in Africa, and the UnitedHealth Group in the United States in collaboration with Qualcomm Life to launch the UnitedHealthcare Motion project ) And commercial insurers such as Oscar, will lead the global health insurance plan.
Nine, artificial intelligence will become the mainstream of imaging diagnosis
Artificial intelligence can automate processes, improve process efficiency, and improve diagnostic accuracy, which will play a major role in medical imaging. Artificial intelligence platform has a strong learning ability, applied to medical imaging diagnosis of the various processes, will increase the workload of radiologists, to promote productivity 10-15%. At the same time, the accuracy of screening results will be expected to increase in the next two to three years with the use of the AI platform.
Ten, as the use case analysis of the early application of return on investment, blockchain technology into practical application
While blockchain technology in the medical field is relatively immature, early attempts by B2B networks at the enterprise level provide a powerful illustration of the potential of blockchain technology. For example, the first blockchain solution to be implemented in 2018 will make early projections of insurance claims management, clearing houses, revenue cycle management outsourcing vendor ecosystems, and more. In addition, 2018 will be an exciting year to break the stereotype of healthcare and empower consumers of medical products for the medical industry's ICO (First Coin Issuance) or tokens.
Industry elites look to the healthcare industry