Asia-Pacific Healthcare Outlook, 2018

  • ID: 4515835
  • Report
  • Region: Asia Pacific
  • 113 Pages
  • Frost & Sullivan
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The Year of Digital Innovation in Asia-Pacific

The healthcare industry in Asia-Pacific (APAC) is expected to grow at 11.1% 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. The research 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.

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1. Executive Summary

  • Key Findings-Asia-Pacific Healthcare Market Snapshot
  • 2018 Predictions for the Asia-Pacific Healthcare Industry
  • Growth Opportunities in Asia-Pacific Healthcare Industry
  • Critical Success Factors
  • Scope and Segmentation
  • Key Questions this Study will Answer

2. 2018 Global Healthcare Industry Snapshot

  • Global Healthcare Revenues by Sector in 2017 and 2018
  • Key 2018 Healthcare Market Predictions

3. 2018 Asia-Pacific Healthcare Industry Outlook and Predictions

  • 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

4. Notable Trends to Highlight for 2018 Across the Asia-Pacific Healthcare Industry

  • 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

5. Growth Opportunities in the Asia-Pacific Healthcare Industry in 2018

  • Growth Opportunities in Asia-Pacific Healthcare Industry
  • Critical Success Factors

6. Top Trends in Pharmaceuticals & Biotechnology

  • Pharmaceutical & Biotechnology Trends
  • Pharmaceutical & Biotechnology Revenues
  • Pharmaceutical & Biotechnology Companies to Watch in 2018

7. Top Trends in In-Vitro Diagnostics

  • In-Vitro Diagnostics Trends
  • In-Vitro Diagnostics Revenues
  • In-Vitro Diagnostics Companies to Watch in 2018

8. Top Trends in Medical Technologies & Medical Imaging

  • Medical Technology Trends
  • Medical Imaging Trends
  • Medical Technologies Revenues
  • Medical Imaging Revenues
  • Medical Technology Companies to Watch in 2018

9. Top Trends in Digital Health

  • Digital Health Trends
  • Digital Health Revenues
  • Digital Health Companies to Watch in 2018

10. Top Trends in Healthcare Services

  • Healthcare Services Trends
  • Healthcare Services Market Size
  • Healthcare Services Companies to Watch in 2018

11. Asia-Pacific Country Snapshots

  • 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

12. Conclusion

  • Conclusions
  • Legal Disclaimer

13. Appendix I-Industry Regulatory Transitions, M&As and Partnerships

  • Major Regulatory Transitions Impacting Pharmaceuticals & Biotechnology
  • 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
  • Key Industry Partnerships Impacting Digital Health
  • Major Regulatory Transitions Impacting Healthcare Services
  • Key Industry Partnerships Impacting Healthcare Services

14. Appendix

  • List of Exhibits
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