Digital Healthcare

China is currently experiencing a revolution in digital healthcare technologies as the government looks to new technologies such as telemedicine, wearable health-tech devices and mHealth to improve healthcare access for all of its citizens. Some experts estimate the market will expand from $4 billion USD in 2016 to $110 billion in 2020. In 2014 alone, nearly $700 million in venture funding poured into digital health care in China, with investors supporting a wide range of digital health platforms from e-commerce to online physician-and-patient communication services to disease management apps.

Digital healthcare in China offers a tremendous opportunity for international companies seeking to enter the market.

DigitalHealth

According to a report from BCC Research, the global telemedicine market (Tele-Consultation, Tele-Monitoring, Tele-Education, Tele-Training, Tele-Care, and Tele-Surgery) grew from $9.8 billion in 2010 to $11.6 billion in 2011 and will almost triple to $27.3 billion in 2016.

A report by Soreon Research indicates that the global size of smart wearable devices is USD 2 billion. By the year 2020 this sector is predicted to reach USD 41 billion. Important features of these devices include heart rate monitoring, sleep monitoring, blood oxygen, respiratory rate, glucose level and body temperature.

China’s Mobile Health market is expected to reach $3.7 Billion USD by the End of 2018, according to a recent report by Huidian Research, a leading industry consulting & market survey firm in China.
Continued development of medical facilities at grass-root level and in rural areas.

China’s aging of population: currently over 200 million, and estimated to reach over 250 million in 2020.

Chronic diseases -Over 17 million premature deaths, 85% of which are related to chronic diseases, and huge cost of treatment for coronary heart disease and diabetes.

Over 300 million overweight and obese

The most comprehensive nationwide survey for diabetes ever conducted in China shows 11.6 percent of adults, or 114 million, has the disease.

There is a growing consensus among the healthcare community that digitally enabled care is no longer “nice to have,” but instead, is fundamental for delivering high quality care.

Why attend WMTC China-Boao?

 

  • Gain an in-depth understanding of medical tourism and how digital health can complement or enhance patient mobility
  • Gain an understanding of key strategic considerations for implementing digital health in Asia-Pacific regions
  • Get an in-depth look at the policy and legal challenges affecting digital health growth in China
  • Discuss the opportunities and challenges from digital health in different clinical and non-clinical settings
  • Learn about the new healthcare technologies that are strengthening health care delivery and data reporting
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