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Asia-Pacific healthcare market expected to grow

The healthcare market in Asia-Pacific is expected to grow by 7.2% this year due to the growth of smart hospitals and developments in the home care segment and medical tourism. This, in turn, has increased the demand for technology, innovative healthcare programmes, as well as drugs and medical devices based on advanced technology.

The findings are published today in a report from ResearchAndMarkets.com titled ‘Asia-Pacific Healthcare Industry Outlook, 2019’.

Conventional growth drivers such as supportive government regulations and policies are also a major boost for projected market growth in the Asia-Pacific healthcare industry. Emerging markets such as China, India and ASEAN are expected to offer high-growth opportunities across all segments.

It is estimated that the Asia-Pacific healthcare market will grow to $486.72 billion in 2019. However, in the Asia-Pacific region, healthcare challenges remain the same; 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 secure interoperable technology platforms, and the evolving role of consumers in healthcare. These emerging trends create growth opportunities for industry participants including pharmaceuticals, diagnostics, medical technology manufacturers, digital health vendors and healthcare service providers.

The report also finds the role of digital health is changing dramatically in Asia-Pacific. Digital technology is enabling improvements in the quality of drugs and medical devices, access to information and care as well as financial, clinical and operational workflows across all healthcare segments.
Posted on: 20/03/2019 UTC+08:00


News

Miaoshou Doctor raises ¥1.5bn in Series F funding
Beijing-based healthcare service platform Miaoshou Doctor has completed a ¥1.5 billion (US$232 million) Series F round of financing.
China: Hospital operation management firm raises Series A+ funding
Chinese digital technology company, Xisoft Technology, which focuses on hospital operation management, has raised ¥100 million ($15.65 million) in Series A+ financing.
Japan: Olive Union raises $20m to expand into digital hearing therapeutics
Hearing health company Olive Union has closed a $7M Series B round led by Beyond Next Ventures, Bonds Investment Groups and Japan Policy Finance Corporation.
China: Long Hill Capital closes healthcare and longevity fund
Long Hill Capital, a venture capital firm in China, has closed on more than $300 million for its third fund on 15 March.
China: Eluminex Biosciences closes $50m Series A financing round Requires login
Eluminex Biosciences, an ophthalmic biotechnology company has completed a $50 million Series A financing co-led by Lilly Asia Ventures, GL Ventures (venture capital arm of Hillhouse Capital), and Quan Capital.
TVM Capital Healthcare expands its Singapore healthcare investment practice Requires login
TVM Capital Healthcare, a global private equity and growth capital firm focused on emerging markets, has announced two team additions today.
China: Medical partners launch blockchain intelligent tumour treatment centre Requires login
In partnership with VeChain and DNV GL, Renji Hospital, a hospital in China affiliated with the Shanghai Jiaotong University School of Medicine, has launched the world's first blockchain-enabled intelligent tumour treatment centre.
Hong Kong: Startup connects US companies to pe-vetted overseas PPE sources Requires login
Hong Kong-based BuyHive, a new global sourcing start-up that connects buyers with trusted verified overseas suppliers, has launched a PPE programme to help US companies optimise their post-Covid supply chains.



Analysis

Shifting sands
L.E.K. Consulting’s Fabio La Mola tells HealthInvestor Asia about a healthcare market going through major changes – creating significant opportunities for investors in the region.
Feature: The challenge of dementia Requires login
Edwin Tong, senior minister for health, explains how the Ministry of Health in Singapore is supporting the growth in the number of seniors with Alzheimer's.
Feature: Silent Risk Factors Requires login
Penny Wan, regional vice-president and general manager, Japan and APAC, Amgen, writes about the public health challenge of cardiovascular diseases.
Feature: Eye care in Bhutan Requires login
French-based international ophthalmic optics company Essilor has signed Letters of Intent with the Royal Government of Bhutan and the Central Monastic Body to strengthen the country’s vision care infrastructure.
Feature: Good mental health for a productive workforce Requires login
April Chang, country manager at Cigna Singapore, argues that wellness programmes at work can lead to reduced absenteeism, higher productivity and increased morale among employees.
Interview: The serial entrepreneur Requires login
Steven Fang understands how to set up a healthcare company. Not only is he chief executive and founder of ASX-listed oncology company Invitrocue, he was also the founder of Singapore-based Cordlife Group, a healthcare company which provides cord blood and cord lining banking services.
Interview: The future of healthcare Requires login
Imagine a world in which you can consult with your doctor via video. She asks for a blood sample, which can be collected and analysed from a device in your home. After that is diagnosed, the prescription is automatically sent to the pharmacy and Uber then picks it up. The time from diagnosis to drugs at your home is only 60 minutes.
Interview: Why health data tokenisation is a game changer Requires login
The digitisation of health data through blockchain technology is a groundbreaking solution that will empower patients and provide them with better access to healthcare.


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