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24 July 2024 Singapore Everyone knows that death and taxes are certainties in life. Another certainty I would add is that healthcare costs are continuously rising. PwC has reported that medical cost growth is estimated to reach its highest level in 13 years in 2025, growing by 8%. Read here: https://lnkd.in/eki8Au9C Meanwhile, we at Credo Diagnostics Biomedical will ensure our solutions are priced affordably. Feedback obtained from our distributors in Europe have indicated that our soon to be launched VitaSIRO solo instrument and the VitaSIRO solo SARS-CoV-2/Influenza/RSV assay list prices are about a third of our major competitors’ list price in Europe.

In my recent dialogue with BioPharma APAC, I addressed the unique challenges of ensuring equitable healthcare access in India and Southeast Asia, highlighting differences in healthcare infrastructure and economic landscapes. At Takeda, Access to Medicines is an integral part of our global and local business strategy and we are committed to deliver real impact for people on a sustainable basis who may otherwise be facing a lack of access to needed medicines. We are addressing these challenges through innovative approaches, including patient assistance programs and strategic public-private partnerships to strengthen health systems. Our commitment remains steadfast in overcoming barriers to drive equitable healthcare access, with the ultimate goal of enhancing healthcare systems and improving patient outcomes across the region.   #Takeda #AccesstoMedicines #EquitableAccess #PatientCentricity Michelle Erwee https://lnkd.in/gx6fGMvY

🌟 As a hotspot for Medtech clinical trials, Colombia’s allure is undeniable! With a robust healthcare ecosystem, it's primed for groundbreaking clinical research. 🏥✨ We expect a swift transition from paperwork to patient involvement thanks to streamlined regulatory approvals. Colombia’s eager patient base is a boon for swift recruitment, ensuring comprehensive and efficient data harvesting. 📊 Cost-effective? Absolutely! Colombia offers an economical option for conducting clinical trials without skimping on international standards. 💵📈 Add to this the convenience of smooth travel for study monitoring – it's clear why Colombia is a top choice. Learn more about Colombia’s prowess in clinical trials here: https://lnkd.in/eUyZZ2hR #ClinicalTrials #MedtechInnovation #Colombia

Recent data in South Korea shows a notable 25% decline in patient visits to Seoul's major hospitals, indicating a shift towards secondary hospitals. Budget releases from South Korea and Japan's health ministries, and varying trends in hospital reimbursements across several regions, highlight differing healthcare developments worldwide. 👉 Market Shift in South Korea: Data from HIRA reveals a 25% decline in patient visits to Seoul’s “big five” hospitals from February to June 2024, compared to the same period last year. This is in contrast to a 16% decline in the overall oncology surgery market, indicating a shift toward secondary hospitals. 👉 Health Ministry Budgets: Both South Korea and Japan have released their 2025 health budgets, providing insights into their near-term healthcare priorities. 👉 Global Trends: In Australia, private insurance-funded hospital episodes are growing, although reimbursement levels for day surgeries are still low. Meanwhile, India and Southeast Asia exhibit strong growth in healthcare, but face emerging policy and regulatory challenges, notably in Vietnam with potential changes to the Law on Health Insurance. Read our full APAC Medtech and Diagnostics Monitor 👉https://lnkd.in/eaE9SBCR #healthcare #APAChealthcare #APACmedtech

Key Insights on Thailand's Healthcare Ecosystem 2024: Thailand's healthcare landscape is flourishing with exciting developments shaping its future. Major healthcare corporations are actively expanding through strategic acquisitions, while the Stock Exchange of Thailand (SET) presents a potentially attractive avenue for companies seeking to go public, often providing compelling valuations. Medical tourism continues to be a cornerstone of Thailand's healthcare sector, with a growing influx of international patients and increased participation from foreign insurance providers. This trend significantly contributes to the revenue streams of leading hospital groups. Thailand has also become a preferred destination for fertility treatments, particularly In Vitro Fertilization (IVF). The country's expertise in this field, combined with favorable cultural, legal, and economic factors, has attracted patients from various countries, including China. Innovation is driving transformation within the ecosystem. Emerging players are leveraging technology to create direct connections between surgeons and patients, especially for minimally invasive procedures, enhancing accessibility and efficiency. Thailand's healthcare system continues to evolve, with pharmacies playing a crucial role in providing primary care and health advice to the population. This adaptability showcases the system's resilience and commitment to meeting diverse healthcare needs. #ThailandHealthcare #IVF #Thailand #HealthcareInnovation

𝗪𝗘𝗟𝗟𝗔𝗛𝗘𝗔𝗟𝗧𝗛 𝗟𝗔𝗨𝗡𝗖𝗛𝗘𝗦 𝗪𝗘𝗟𝗟𝗔𝗗𝗜𝗥𝗘𝗖𝗧 𝗧𝗢 𝗔𝗟𝗟𝗢𝗪 𝗡𝗜𝗚𝗘𝗥𝗜𝗔𝗡𝗦 𝗙𝗜𝗡𝗗 𝗖𝗛𝗘𝗔𝗣𝗘𝗥 𝗔𝗟𝗧𝗘𝗥𝗡𝗔𝗧𝗜𝗩𝗘𝗦 𝗧𝗢 𝗘𝗫𝗣𝗘𝗡𝗦𝗜𝗩𝗘 𝗕𝗥𝗔𝗡𝗗𝗦! 🎉Leading player in the healthcare technology space, Wellahealth, recently announced the release of 𝗪𝗲𝗹𝗹𝗮𝗱𝗶𝗿𝗲𝗰𝘁, their newest invention! This innovative solution, which addresses the growing concerns about the rising costs of medications, has the potential to completely transform Nigeria's healthcare system. 💡Welladirect, which launched 𝗶𝗻 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟰, provides Nigerians with the option to switch from their current pricey routine brand-name medications to generic alternatives, having seen firsthand the negative effects that rising drug costs are having on Nigerians. The platform then looks up the best price for the recommended alternatives and has them delivered to your home by consulting its wide network of 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝟮,𝟬𝟬𝟬 𝗽𝗵𝗮𝗿𝗺𝗮𝗰𝗶𝗲𝘀. 💬“For us at Wellahealth, Welladirect is more than just a platform for providing alternatives to expensive medications; it’s a commitment to making quality healthcare accessible to every individual. We believe in a future where affordability and convenience are not compromised in the pursuit of well-being,” says Dr. Ikpeme Neto, Founder of Wellahealth. 🏥Wellahealth, as the driving force behind Welladirect, continues to redefine healthcare by leveraging technology to prioritize well-being. More details highlighted below⤵️

🔊 FIP global campaign called “Think Health, Think Pharmacy” The campaign raises awareness of pharmacies as places of primary healthcare provision and advocates for pharmacists as healthcare professionals which is an important strategy for FIP. It will be a long-running campaign, sustained through regular releases of new materials and other activities.  Actually, despite the many advancements in pharmacy practice, in the minds of too many policymakers and members of the public, pharmacies are still perceived as commercial enterprises rather than places of healthcare provision. Primary health care is key to achieving “health for all”. In 2018, through the Declaration of Astana, governments recommitted to strengthening primary health care as a way to achieve universal health coverage. FIP attended the Global Conference on Primary Health Care in Astana, Kazakhstan, and was a signatory to the declaration. Since then, the federation has worked to strengthen pharmacy’s contribution to, and impact on, primary health care. FIP knows that pharmacists have the necessary expertise, and we believe that they are the most accessible primary healthcare providers. We are convinced that it is through the pharmacy profession that much progress towards Sustainable Development Goal 3 (good health and well-being for all) will be made. A number of major stakeholders in global health currently recognize pharmacists as healthcare professionals, including the United Nations, the International Labour Organization, the World Health Organization, and the Organisation for Economic Cooperation and Development. A wide range of health services, in addition to medicines supply and health advice, are being provided in pharmacies. Nevertheless, the pharmacy profession needs universal recognition of its unique place in primary health care. FIP wants everyone to think about pharmacy when they think about their health. We need policymakers to think about universal pharmacy coverage when they think about universal health coverage. We must do more to promote our professional identity, which will facilitate more pharmacy services with tangible benefits for our communities. FIP’s global #ThinkHealthThinkPharmacy campaign is an important way to achieve this goal. You can learn more at: https://lnkd.in/e-6_-7y5 International Pharmaceutical Federation (FIP)

Patient focused. Precisely what we wanted from our discussions at #PharmAus24.   Congratulations and thanks to Medicines Australia for another successful forum bringing our industry together and highlighting the important role innovation and research plays in delivering better outcomes for patients, communities, science and Australia’s economy.   News from the night included the release of the much-anticipated Health Technology Assessment (HTA) review report by Assistant Minister for Health and Aged Care, Ged Kearney. The Report acknowledges the need for system-wide reform and proposes 50 reform recommendations, which when implemented as a complete package, have the potential to accelerate patient access to new medicines and vaccines for Australians. Sanofi’s delegates included Country Lead and Head of Pharma ANZ Liz Selby; “Our purpose is to chase the miracles of science to improve people’s lives. We feel most successful when that is equitable and in a timely manner. “I’m proud of my team’s contribution to the HTA review through various consultations, industry working groups and other forums. As well as their ongoing advocacy for science, the impact it can have for people in need, and the potential it offers Australia. “The release of the HTA review report signals time for implementation. We never settle and we’re ready to play our part.” #WeNeverSettle #Australia #Healthcare

🔹 Health Spending Accounts (HSAs): Empowering employees with health benefits flexibility 🔹 At Wellbytes, we understand that one-size-fits-all doesn’t work for health benefits. Health Spending Accounts (HSAs) are a modern solution, allowing employees to choose eligible expenses regulated by the Canada Revenue Agency (CRA), like cancer treatments, dental services, prescription drugs, and even vision care. Whether as a top-up to a traditional plan or as a standalone, HSAs are giving employees more control and flexibility. Let’s redefine benefits with Wellbytes! Connect with us to learn how HSAs can be a part of your company’s benefits strategy. Check out Wellbytes here: https://buff.ly/3BL4YvW #EmployeeBenefits #WellnessAtWork #HSA #Wellbytes

The activity of one of the largest truly global operators continue to put South East Asia in the spotlight. These regions are witnessing a burgeoning middle class with increasing disposable income, directly translating to higher healthcare spending. IHH’s move to expand through acquisitions aligns perfectly with this demographic shift, positioning them to meet the rising demand for quality healthcare. This strategy not only capitalizes on existing market saturation but also ensures sustainable growth by tapping into these dynamic, emerging markets. Indonesia’s Healthcare Market Indonesia’s healthcare sector is rapidly growing, driven by the rising middle class and increasing healthcare expenditure. In 2023, the Indonesian healthcare providers market recorded revenues of $49.6 billion, with a compound annual growth rate (CAGR) of 10.1% from 2018 to 2023 . The country has over 2,925 hospitals, yet the bed availability is the lowest in ASEAN at 1.17 beds per thousand population, indicating significant room for growth and investment . Vietnam’s Healthcare Market Vietnam’s healthcare market is also expanding swiftly, fueled by economic growth and a rising middle class. The government is heavily investing in healthcare infrastructure to improve service delivery and accessibility. #healthcare #hospital #privatehospital #privatehealthcare #vietnam #indonesia #southeastasia #asean #ihh