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Growth Opportunities in the Asia Pacific Medical Devices Industry
This article discusses the growth opportunities in the Asia Pacific (APAC) medical devices industry amidst the challenges and uncertainties it faces in 2023. Despite the market slowdown and economic constraints caused by global factors, there are areas within the industry that show significant potential for growth. The article highlights key opportunities in robotic surgery, the transition of care to outside the hospital, screening solutions for cervical and ovarian cancers, India's role as a global manufacturing hub for medical devices, and the growth of fertility services. These areas offer avenues for innovation, technological advancements, and partnerships that can drive improvements in patient outcomes and contribute to the growth of the APAC medical devices industry.
Top Growth Opportunities in 2023 - Global Healthcare & Life Sciences Industry
This article discusses the potential challenges and opportunities facing the healthcare and life sciences industry in 2023. Despite the significant progress made during the pandemic, the industry is expected to face a range of macroeconomic factors and industry-specific constraints, including staff shortages, supply chain disruptions, and energy cost hikes. However, the industry is also expected to adopt digital solutions to improve operational efficiency, integrate data from multiple diagnostic modalities, and shift towards alternative clean energy sources. Overall, healthcare and life sciences companies must reorganize and realign their operations and long-term business goals to remain competitive and deliver more patient-centric and cost-effective products.
Healthcare infrastructure and assets: building resilience
The article discusses the unprecedented growth and shifting demographics of the healthcare industry in the ASEAN region. To meet the evolving needs of populations facing increasing chronic diseases and ageing societies, countries in the region are investing in assets and infrastructure to deliver and manage healthcare. The advent of digitalisation has led to increasing adoption of virtual healthcare options such as online scheduling and self-monitoring. Healthcare providers are at the forefront of adopting digital solutions to enable effective and efficient patient care. Key trends in healthcare infrastructure include digitalisation, sustainable design, and modular solutions to prepare for future scenarios.
The Changing landscape in the general healthcare supply distribution business
ASEAN leaders have identified healthcare as a priority sector for regional integration. The opening of healthcare markets promises significant economic benefits. The future of distributed healthcare in ASEAN countries appears promising. Healthcare services can now be delivered to even the most remote and rural areas of the region, thanks to advances in healthcare technology. This means that more people will have access to high-quality healthcare, regardless of their physical location. Read on to learn more about the ASEAN healthcare industry's emerging trends.
Advanced molecular point-of-care-testing in the Asia Pacific region
Healthcare has been identified by ASEAN leaders as a priority sector for regional integration. Economically, the opening of healthcare markets promises significant economic gains.The future of distributed healthcare in ASEAN regions appears bright. With the advancement of healthcare technology, healthcare services can now be delivered to even the most remote and rural areas of the region. Read more to understand business implications of this to the ASEAN region.
Next generation diagnostics transforming the trajectory of the healthcare industry
As the COVID-19 pandemic changed the face of healthcare, Frost & Sullivan has identified key growth opportunities and new advancements in next generation diagnostics with insights by Healthcare & Life Sciences Industry Analyst, Amartya Bose.
Informa Markets, in partnership with Impact Muang Thong Thani, have confirmed that Medlab Asia and Asia Health will take place in Thailand for the first time when the co-located events return live and in-person at the Impact Exhibition Centre, Bangkok, from 19 - 21 October 2022.
Thailand closely monitors COVID-19 patients via a telemedicine platform
The Thai government has built a telemedicine platform to monitor COVID-19 patients with mild symptoms at home and at community isolation centres. The platform keeps a record of patients' daily food intake, treatments, prescriptions, and temperatures.
COVID-19 and the health care supply chain: impacts and lessons learned
The COVID-19 pandemic shone a bright light on the cracks and weaknesses in the health care supply chains. There are several strategies that the industry can implement to mitigate supply chain disruptions during major emergencies without incurring exorbitant costs.
Blood management during the COVID-19 pandemic
The worldwide COVID-19 pandemic has required healthcare systems to implement strategies for effective healthcare delivery while managing blood supply chain disruptions and shortages created by infection-limiting practices that have reduced blood donations
Technology Trends in Healthcare in 2021: The rise of AI
To better understand where the healthcare technology industry is going, studying key tech trends is paramount. Although proven systems are often preferred for their reliability, businesses are always looking for new ways to improve their performance, productivity, and efficiency.
Thailand's exceptional strength as the world's medical hub
With a strong healthcare infrastructure, highly skilled medical professionals, and international standard medical services, Thailand is a global hub for medical tourism. In 2019, approximately 3.5 million medical tourists visited Thailand.
Thailand to be a Model in 5G-Enabled Smart Healthcare
Last year, COVID-19 swept across the world with an unprecedented impact on people’s lives. In Thailand, newly launched 5G technology was used to combat this pandemic and will be even more instrumental this year to drive economic recovery.
Why now is the right time to start Healthcare Business in Thailand?
Thailand has dealt very nicely with the COVID-19 public health massacre and crisis issues. It is not the only reason for you to focus on the healthcare business in Thailand. There are a bundle of reasons to catalyze your feeling of doing so. The BOI is promoting the BCG economy with strategies to attract FDI for healthcare business in Thailand.
Investors Target Healthcare
Longer life expectancy and changes in centuries-old extended family culture are making the healthcare industry a magnet for investors looking for business opportunities.
Digital trends in the healthcare industry in 2021
Gone are the days when introducing digital elements was seen as a feasible shift towards modernisation, today reduction of staff, faultless decision-making and reliance on home-based medicine has become an urgency, instead of a conscious move. However, as we embrace the new normal, the healthcare industry is undergoing a massive transformation, dominated by digitisation.
Hospital Artificial Intelligence Market Future Prediction Report 2021-2028
The report has offered an all-inclusive analysis of the global Hospital Artificial Intelligence Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.
Healthcare in Thailand – Where's the potential?
The ageing population points to a growing domestic market that will need more medical and healthcare treatment. Elderly folks are most at risk for disease and disability. The proportion of older persons will increase from 16.9% in 2016 to nearly 30% by 2050.
In addition to the domestic demand for medical services, Thailand is a leader in medical tourism – serving travellers for annual check-ups, wellness solutions and medical treatments.
Asia’s largest healthcare and medical laboratory virtual event launches today
Medlab Asia and Asia Health, a free-to-attend virtual event brought by Informa Markets and Impact Exhibition Management Co., kicks off today Tuesday 20 October with a panel discussion on pandemic management. This year’s event builds on the success of ASEAN’s biggest multi-disciplinary conference for the healthcare and medical laboratory industry. The three day virtual exhibition will bring together regional healthcare professionals to meet and do business online.
Medlab Asia and Asia Health 2020 transform into the biggest virtual platform in ASEAN - Press Release
From 20-22 October, the ASEAN healthcare community will be brought together on a scale like never seen before through an experience delivered entirely online. IMPACT Exhibition Management has joined forces with Informa Markets, organiser of world-leading events such as Arab Health, Hospitalar, FIME and Medlab Middle East, to bring the virtual edition of Medlab Asia and Asia Health 2020, an international trade exhibition and congress on medical laboratory and healthcare.
Tests for virus cure 'promising
Trials of a potential coronavirus vaccine on animals has yielded satisfactory results, according to the Public Health Ministry. Department of Medical Sciences director-general, Opart Karnkawinpong, said the tests were conducted by scientists led by Kiat Ruxrungtham of Chulalongkorn University in collaboration with researchers from Siriraj Hospital, Ramathibodi Hospital and several regional hospitals. The team has developed what it hopes is a DNA vaccine and administered it to mice in lab tests.
Coronavirus update: List of WHO's top-8 contenders for COVID-19 vaccine
Five months into the global outbreak of COVID-19, the world is racing against time to prepare a vaccine for treating coronavirus patients. Trials are underway in laboratories across the world, with several companies and governments doubling their efforts to find a permanent cure for the deadly virus. World leaders and organisations except the United States have already pledged $8 billion to research, manufacture, and distribute a possible vaccine and treatment for COVID-19 apart from the individual efforts taken by the countries and their pharmaceutical firms. Meanwhile, the World Health Organisation (WHO) has identified top eight candidates for the coronavirus vaccine.
COVID effect: Medical AI takes prominence in Asia Pacific
The COVID-19 pandemic has put tremendous strain on the healthcare sector globally. With no established treatment, an exponential rise in cases, limited resources and vulnerability of the medical staff — of catching the virus, the sector has found itself struggling to deal with the crises. Healthcare professionals are working tirelessly on faster diagnosis, rapid response, effective use of human resources and ensuring safety of medical personnel.
Advancing Thailand’s Medical Device Manufacturing
According to Thailand’s Food and Drug Administration, the country is home to around 500 medical device manufacturers and 2,500 medical device importers operating at present.