Summary of the launches, partnerships and investments that occurred that summer in four key healthcare markets in Asia-Pacific: Singapore, China, India and Japan.
In short:
– Singapore: Towards an increasingly digitized health system and growing investments in oncology;
– China: Nokia plans to come back through the health tech sector;
– Japan: a center dedicated to silver economy;
– India: experts urge government to accelerate digital health development.
M-Health: APAC market expected to register a CAGR of 35.8% by 2020
Asia Pacific mHealth market is expected to grow at a compound annual growth rate (CAGR) (CAGR) of 35.8 % between 2015 and 2020, according to a report published late June 2017 by Allied Market Research, a US-based market research and business consulting company. The mobile healthcare market in Asia-Pacific is expected to experience a compound annual growth rate
China and Japan collectively accounted for two-thirds of the market revenues in 2014 and are expected to continue to consolidate their dominant position in the Asia-Pacific market by 2020. The key to success in these countries is the launch of innovative products and services.
Moreover, India is considered to be one of the most lucrative market for years to come, with a CAGR of over 42 %.
Singapore: an increasingly digital system / two partnerships focused on oncology
Singapore: a promising future health system but some gaps remain (Philips study)
The Future Health Index (FHI) 2017, a report commissioned by Philips and published in early August, revealed some of the major issues that many governments and health organizations are facing in attempting to digitize and modernize their healthcare system in line with demographic trends and consumer demands.
This is the second annual in-depth study of this king. It was conducted through surveys and interviews with more than 33,000 healthcare professionals, insurers and consumers across 19 countries and five continents.
The authors of the study show that most of Singaporeans are currently satisfied with their healthcare system: nearly two-thirds of respondents acknowledge that the healthcare available to them meets their needs, and more than three quarters agreeing that they have access to the information and resources needed to live healthily. Two-thirds of Singaporeans also place a great amount of trust in their healthcare system, a proportion comparable to that observed in Western European countries.
However, despite the Ministry of Health announcing that Singapore is in the process of acquiring one of the most IT-enabled healthcare systems globally by 2021, the study reveals that there is a significant gap between healthcare professionals’ and the general population’s perceptions, and the reality of the readiness of Singapore’s health system for the future. The authors also insist on the need to pay more attention to preventive care in order to establish a sustainable health system.
Singapore: Siemens launches a digital hub, notably in the health sector
In July, Siemens launched its first digitalisation hub in Singapore to bring its IoT expertise and innovations to Singapore companies and universities and more generally to the Southeast Asian market.
The company will co-develop new mobility applications with specialized partners to create a digital ecosystem.
Supported by the Economic Development Board of Singapore (EDB), the hub brings together specialists like data scientists, software engineers and solution architects from the urban infrastructure, advanced manufacturing and healthcare sectors, the three main areas the hub team will focus on.
These professionals will develop innovative and digital solutions to help companies in these different fields become more efficient and sustainable.
Singapore and Philips launch a centre of excellence for oncology in the Southeast Asia region
On July 21, 2017, Royal Philips and the Singapore Institute of Advanced Medicine Holdings (SAM) announced a collaboration with Varian Medical Systems and IBA Worldwide to establish an advanced medicine oncology center at Biopolis, the Singapore’s international biomedical research hub.
The centre will provide the latest generation of imaging, treatment delivery and clinical informatics technologies to comprehensively address the growing number of people living with cancer in the Southeast Asia region.
SAM is driving the collaboration and will invest up to SG$100 million (US$73 million; €63 million) for the development of this center of excellence in the Southeast Asia region.
The center is projected to open in stage from 2018 onwards. It will provide oncology solutions for use by healthcare professionals and researchers as well as a platform for professional training to meet the evolving needs of the healthcare industry.
Singapore Cancer Society and BookDoc collaborate to improve access of cancer-related information
The community-based voluntary welfare organization dedicated to prevention Singapore Cancer Society (SCS) and BookDoc, an online healthcare platform with presence in Singapore, Malaysia, Hong Kong and Thailand, announced in August their collaboration to make it easier for consumers to access information and services related to cancer.
As part of this partnership, services offered offered by SCS at no cost, such as the results of Pap smear test, mammography and fecal immunochemical test, can now be searched on BookDoc’s free apps and website, BookDoc.com, anytime and anywhere.
Singapore: the silver tech market attracts SMEs in the field of health
In Singapore, rising number of SMEs are using the latest technological trends to create innovative health solutions in order to anticipate the silver tsunami wave.
They perceive this demographic change as an opportunity rather than an obstacle. According to official figures,the ageing market sector in the Asia-Pacific is expected to reach US$3.3 trillion ($2.6 trillion) by 2020.
The IoT and data analytics are ones of the most attractive areas. However, challenges such as the democratization of technology have to be overcome to make the companies of the sector viable in the long term.
China: health tech market attracts major international groups
China: Nokia could be back on the digital health market soon
Nokia plans a comeback in the consumer electronics market in China.
The Finnish company announced in early July 2017 that it was looking for investment opportunities and the right partners to expand into the digital health and virtual reality sectors in the world’s second-largest economy.
Baheal Pharma to develop Watson for Genomics in China
The US company IBM Watson Health announced in late June 2017 that the Chinese Baheal Pharmaceutical Group will deploy Watson for Genomics to clinicians across China.
As IBM’s primary channel partner for Watson for Genomics in China, Baheal will build an ecosystem within the country to sell the molecular data interpretation technology to local clinicians and researchers.
Japan: a health tech center to better fight against aging-related diseases
Wellness Open Living Labs (Woll), co-founded by the Japanese pharmaceutical company Eisai, and Osaka City University concluded a collaboration agreement in July 2017. They will create a center dedicated to the development of new technologies and centered on science-related problems, such as dementia, and extending healthy life expectancy.
On the basis of this agreement, Woll and Osaka University will analyze health data, mobilize human resources, such as researchers involved in the resolution of health problems, encourage the development of the latest advanced technologies and academic research related to health problems such as dementia, and verify and commercialize solutions.
India: Healthcare Federation wants to accelerate eHealth development
The Health Federation of India (NATHEALTH) organized its second roundtable in Bombay in late June 2017 and deliberated on different issues related to healthcare sector in India, including the development of digital technology.
According to NATHEALTH Aarogya Bharat report, non-communicable diseases will cost India US$6.2 trillion (€5.3 trillion) by 2030. Therefore, India’s unique needs requires the government to include in its priority list the deployment of new technology in the field of health.
Experts emphasized the importance of scaling up digital health to reduce costs and improve health outcomes. They believe that the proposed creation of a National Digital Health Authority (NDHA) should lead to progress of use of IT in healthcare ecosystem.