Experts at Infiniti Research Examine Top Asian Healthcare Industry Trends and Challenges
May 7, 2020LONDON–(BUSINESS WIRE)–#CompetitiveIntelligence–A well-known market intelligence company, Infiniti Research, has announced the completion of its latest article – Asian healthcare industry analysis: the wows and woes.
This blog provides comprehensive insights on:
- An overview of the Asian healthcare industry
- Top Asian healthcare industry trends and challenges
According to our healthcare industry analysis for the Asian market, the sector is expected to record positive growth this year. The rising adoption of technology, innovative healthcare access programs, and growing healthcare industry trends like care delivery outside hospital settings are some of the vital factors fueling the growth of this sector. However, players in this industry still have to identify complex and innovative solutions that can tackle key healthcare industry challenges such as access and affordability in Asian countries. Other challenges in the Asian healthcare sector that require immediate attention include policy innovation, support for new business models, development of patient-focused technology platforms, and the evolving role of consumers in healthcare.
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Based on a comprehensive healthcare industry analysis, we have listed out some of the top healthcare industry trends and challenges:
Rising need for private health insurance: This year, Asian countries will see an increase in the adoption of private insurance, including in countries such as Japan and Singapore that has a strong universal coverage system in place. Our healthcare industry analysis shows that the rising cost of healthcare services is driving consumers to invest in better protection against healthcare-driven poverty. Furthermore, insurance companies are also bringing in new channels of consumer penetration and wellness-focused products that use advanced technologies to manage consumer health better.
Rise of digital platforms in clinical trials: The increasing cost pressures and a decrease in new drug pipelines have prompted pharmaceutical companies to adopt digital solutions to gain greater efficiency in their research operations. Advanced technologies such as big data, artificial intelligence (AI), Internet of Things (IoT) devices, mHealth platforms, wearables, and crowd-sourcing platforms will facilitate new workflows in clinical trials management and their execution across Asian countries.
You may also like to read some of our recent articles on healthcare industry:
- Staying Prepared to Combat the Pandemic: Lessons for the US Healthcare Industry from Italy’s Response Flaws
- Confronting Change Fatigue in the Healthcare Industry
- The US Healthcare Industry Analysis 2020
Want to know more about the market trends and strategies to gain a better foothold in the Asian healthcare industry post-COVID-19 crisis? Request more info.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us
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