Baker McKenzie’s Post

A global study across 10 large economies, including Australia, Japan, and South Korea was conducted by Economist Impact in partnership with Roche last year. While 9 out of 10 countries had established standards for sharing medical data among domestic healthcare providers, only 50% had set up national-level electronic health record systems. Unless technology is integrated into health systems, we cannot create a seamless experience for patients where their health information is available at their fingertips, and support clinicians effectively. Read this byline by Lance Little, Head of Region for Roche Diagnostics Asia Pacific, byline in Nikkei Asia where he shares his thoughts on how a patient-centric digital health system can address health system strains. https://lnkd.in/g4VbJsED #NikkeiAsia #DigitalisedHealthcare #AsiaPacific #PatientEngagement

Thanks Lance Little for sharing your thoughts about using digital solutions that enable a patient-centric healthcare system. I couldn’t agree more - digital transformation of healthcare promises true data integration which in turn can enable connectivity and data-driven insights. This is where digital innovations hold great promise for helping labs, hospitals and points of care services improve use of limited resources in healthcare for the benefit of clinicians and patients. Every region is a little different in how they approach bringing innovation to their healthcare system as the The Economist impact report which Roche sponsored points out. Still we are making progress and approaching this transformation with a commitment to a patient-centric approach ensures we can bring the latest digital innovations in responsible ways to improve healthcare for the benefit of patients. Link to Economist impact report “Advancing the Frontier of Health and Technology Integration: the 2023 Digital Health Barometer”: https://lnkd.in/dzZjd9NF #digitalhealth #healthcare #digital #healthtech #healthcaretransformation #healthcareinnovation #digitaltransformation #RocheDiagnostics 

China’s online healthcare industry, which has grown into a nearly 380-billion-yuan sector serving 360 million people, is struggling amid a cooling economy. Investors are turning skeptical as digital healthcare providers such as HaoDF, Chunyu Yisheng and Ping An Good Doctor cut jobs. Click the link in the comments to read more. #healthcare #onlinehealthcare #internetmedical

IDC expects Asia/Pacific to be the fastest-growing region in Healthcare and Life Sciences GenAI spending. 🏥🔬 >50% of #Healthcare and #LifeSciences organizations in Asia/Pacific are planning to have dedicated budgets for #GenAI projects. 🔎 Read more highlights of the report in the press release: bit.ly/GenAIxHealthcare

Unlocking Potential: Clinical Decision Support Systems' Surge in Emerging Regions Get FREE Sample Pages : https://lnkd.in/dxrxhHxM The size of global clinical decision support systems market in terms of revenue was estimated to be worth $1.7 billion in 2023 and is poised to reach $2.5 billion by 2028, growing at a CAGR of 7.5% . Several factors, such as the implementation of government initiatives supporting the adoption of #HCIT solutions, rising government healthcare expenditure, and the presence of skilled #IT experts in emerging markets, are expected to support the market growth for CDSS. Emerging markets across the Asia Pacific, such as India and China, are expected to provide significant growth potential for CDSS #companies and #stakeholders. Technological advancements are playing a key role as authorities in China are focusing on reforming the country’s #healthcare #management sector, which is currently facing challenges such as chaotic patient data, underfunded rural #health #centers, overburdened city hospitals, and a nationwide shortage of doctors. #cdss #clinicaldecisionsupport #healthtech #medicalsoftware #healthcareit #digitalhealth #ehr #healthcaretechnology #patientcare #medicalinformatics #artificialintelligence #precisionmedicine #healthcareanalytics #clinicalinformatics #populationhealth #medicaldecisionmaking #healthcareinnovation #cdssmarket #healthcareautomation #healthcarequality

With one of the world’s fastest growing elderly populations, China’s healthcare system is facing a growing gap between demand and supply. According to Ling Liu, Chief Region Leader, Greater China, and member of the Executive Committee at Philips “by tapping into the power of AI and other emerging technologies, we can address the growing demand for healthcare services while reducing the sector’s carbon footprint at the same time.” Ling shares three real-world examples show how technological innovation can improve productivity and access to more sustainable healthcare. Read her World Economic Forum blog here: https://lnkd.in/dzNwTYUN #HealthTech #WEF

𝐏𝐚𝐭𝐢𝐞𝐧𝐭 𝐄𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐭𝐨 2028 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭@https://lnkd.in/d4RVCXhY The global patient engagement solutions market growth forecasted to transform from $22.5 billion in 2023 to $41.8 billion by 2028, driven by a CAGR of 13.2%. 🔹 Driver: Government Initiatives for Patient-Centric Care Government regulations worldwide are pushing for more patient involvement in healthcare decisions. Programs like the U.S. CMS Promoting Interoperability and Europe's Digital Single Market strategy empower patients with better access to their health data, fostering a patient-first approach. 🔹 Restraint: Inadequate Interoperability Interoperability remains a challenge as healthcare providers struggle to integrate various systems. The cost and complexity of maintaining hundreds of interfaces across systems can slow the advancement of seamless patient engagement. 🔹 Opportunity: Growth in Emerging Markets The Asia Pacific region offers immense potential, driven by government support for Healthcare IT, skilled professionals, and technological progress. Emerging markets like India and China are set to become significant players in the patient engagement solutions landscape. 🔹 Challenge: High Deployment Costs Implementing healthcare IT systems comes with high financial demands, limiting their widespread adoption. From infrastructure to ongoing maintenance, deployment costs pose a challenge, especially for providers with limited budgets. Patient engagement solutions are redefining how healthcare is delivered, with opportunities for growth despite the challenges ahead. #PatientEngagement #HealthcareIT #DigitalHealth #Interoperability #HealthcareInnovation #HealthTech

https://lnkd.in/gdq8kchZ 4th Future of Health Asia, Charting tomorrow’s health. November 19th 2024 | Pan Pacific, Singapore. Bringing The Economist’s insightful analysis and intelligent debate to life, take your place among 300 healthcare leaders to discover the implications of AI for the future of health in Asia, and to foster collaboration for a healthier future. Are you ready to dive into the cutting-edge of healthcare innovation? The Economist #HealthcareFuture #AsiaHealthcare

📲 TL;DR, China Health Ecosystem 2030: A Scenarios Analysis by Deloitte Ahead of our May 2024 Medical and Biotechnology roadshow in #China, we wanted to explore some insights from this Deloitte report. ↗ PPP and Market-Driven Healthcare: The report suggests a future where government policies encourage more market-driven approaches with joint ownerships and connectivity among diverse ecosystem players. This could open avenues for collaborations between European and Chinese healthcare companies, leveraging China's digital infrastructure for healthcare #innovation (p.13). ↗ Precision Healthcare and Consumer-Centric Models: By 2030, the trend is likely to shift towards precision healthcare and thriving consumerization, with an emphasis on personalized care, #health and wellness maintenance, and innovative healthcare delivery models (p.14-19). ↗ Expanding Healthcare Coverage and Innovation: Over the past decade, China has drastically expanded healthcare coverage through regulatory reforms, healthcare infrastructure #investments, and value chain consolidations, leading to an increase in the average life expectancy. This indicates a rapidly growing #healthcare market ripe for innovative solutions (p.2-3). Full PDF: https://lnkd.in/eAxgqabk -- This May 5th-15th we will be heading to Shenzhen, Wuxi, Hangzhou, Shanghai, and Beijing with our delegation partners 8 Hours Ahead and Medical Valley EMN e. V. to foster our network that has allowed to successfully launch companies like Abi & OPNT into the China market. See Our Model: https://lnkd.in/eDkqQsS8 Daniel Koppelkamm, CFA, Rajnesh Airey, Jake Watkin 华德金 #Technology

Take a Closer Look at Asia's Healthcare Landscape 🏥 Are you in the MedTech industry? Now's the perfect time to embrace the trends reshaping Asia's healthcare landscape. With an aging population, supply constraints, and rising consumer expectations, the demand for innovative solutions has never been higher. Despite financial challenges, Asia is leading in digital health innovation, with investment growth of 38% from 2015 to 2020. These shifts create immense opportunities for scalable, sustainable, personalized healthcare solutions. Moreover, Asia's healthcare sector is witnessing a remarkable surge in health and wellness spending, indicating a growing market ripe for innovation. Let's seize this moment to create a healthier future together. 🌱 Stay tuned on our Instagram: https://lnkd.in/gpTr3hS3 #TomorrowsTechnologyToday #DigitalHub #HealthcareInnovation #AsiaHealth #DigitalHealth #HealthTransformation