2020 will be the year people can easily access health services through using technology to solve problems
The medical industry has come a long way in Asia. Considered one of the most populous continents in the world, from the days of waiting for hours to see a doctor and traveling to European countries for medical care, medical infrastructure economy has taken a big step forward.
Education, innovation and technology, as well as Asia’s rapidly aging population, all contribute to the modernization of health systems in the region.
According to an Economic Times report, Asia’s health sector is expected to grow by nearly $200 billion by 2020, reaching $2.66 trillion, thanks to improved access to medical facilities, an increase in investment from the government as well as the private sector and government initiatives promoting health insurance.
Governments around the world are realizing that the sick pay a lot for a cure, and are looking for ways to prioritize prevention over treatment.
* Wearable devices.
According to a report by Statista, the medical wearables market in Asia grossed nearly $7.30 billion in 2019, and is expected to continue to grow at an annual rate of 4.1%, to $8.91 billion by 2024.
Today, wearables are not just limited to athletes and athletes, thanks to smartwatches. Fitness-savvy millennials have become a big driver of wearable sales, as hospitals and medical centers have adopted new technology to reduce diagnostic costs and get more diseases out of them. multiply more.
Home blood glucose test kits, blood pressure monitors, smart shoes that measure gait, headbands that measure stress, and light bulbs that help you sleep better, are some examples of wearables and more.
* Dial-a-Doc service.
App-based consultations have grown to a large extent in Asia, especially Southeast Asia.
Although they are only recommended for primary consultations with doctors, apps that connect patients with doctors over the phone are helping to solve problems such as medical center overcrowding, neglect potentially fatal illnesses, delayed medication delivery, and most importantly, addressing patient wait times, which can lead to unpaid leave for daily salaried employees to visit a doctor .
As reported by Monk’s Hill Ventures, a patient in Southeast Asia typically has to wait three hours to be seen in three minutes, the five most populous countries in ASEAN, with an average of 0.8 doctors per 1,000 people, well below the average The global average is 1.5 doctors per 1,000 and is far behind Singapore’s 2.3 doctors per 1,000 population.
Plus, healthcare costs are higher in Southeast Asia than in most other regions of the world – out-of-pocket costs account for 44% of healthcare costs today, compared with the global average of 19%.
The Dial-a-doc service is the perfect solution to any primary healthcare related problem.
Creating the opportunity to access quality medical services, when they need them,” added this doctor.
Some companies, such as Vietnam’s Jio Health, even go a step further and help patients book hospital beds when needed, deliver medicines to patients’ homes, take blood samples for diagnostic testing and even arrange ambulance dispatch from a medical center, if needed.
China’s largest online medical app, Ping An Good Doctor, has partnered with Singapore’s Grab to bring medical services to Southeast Asia. The company is also exploring using AI and chatbots to route patient inquiries and consult doctors.