IDC Health Insights: China Healthcare Digital Strategies

Health strategies costs in China are predicted to reach about $2 trillion annually by 2025, driven by an aging population and government efforts to broaden insurance coverage, making China the second-largest healthcare economy after the United States. More than 95% of China's 1.4 billion citizens have access to health insurance. The Chinese government has been embarking on a variety of health reform initiatives including the informatization of the healthcare industry. Regional medical and telemedicine services called "internet+healthcare" in China, are being implemented. The healthcare service providing business, health insurance, and pharmaceutical business are all transforming to achieve the goal of easier access to healthcare services and cheaper healthcare. All these trends demonstrate a digital transformation trend — in another words, China's healthcare industry is adopting the emerging technologies to fulfill the medical business with a DX model. It is breeding a very big and sustainable market for both technologies and transforming the healthcare business.

Describe Approach The IDC Health Insights: China Healthcare Digital Strategies service develops unique and comprehensive analyses of data focused on providing actionable recommendations. Relevant market data is collected through IDC Health Insights' proprietary research projects along with ongoing communications with industry experts, medical professionals, IT managers from medical institutes, technology vendors, and medical academies complemented by secondary research from conferences, publications, and third-party news sources. To ensure relevance, our analysts work with subscribers to identify and prioritize specific topics to be covered in research reports.

Throughout the year, this service will address the following topics:

• IDC FutureScape: Worldwide Health IT Predictions — China Implications
• China Healthcare IT Market Forecast and China Healthcare Software Market Shares
• China Healthcare Security Systems Market Forecast and Vendors Market Shares
• China Life Science IT Market Forecast and Vendors Market Shares
• China Healthcare Cloud Market Anslysis and Vendor Market Shares
• IDC MarketScape: China Healthcare Cloud Vendor Assessment
• China Healthcare Big Data Market Share
• Healthcare AI Market Analysis
• Tech Assessment: China Healthcare LLM Models

Our research addresses the following issues that are critical to your success:

1. How is the medical service providing business development in China? How is the health insurance/medical payer business developing in China? How is the life science business developing in China, especially smart hospital development in China, internet+healthcare, and the medical consortiums?
2. What are the opportunities for IT infrastructure products, devices, and software/services? How are the emerging IT technologies being used in China's healthcare business, such as AI, big data, 5G, robotics, and cloud, including the latest development of LLM and GenAI in healthcare.
3. What's going on with the digital transformation of China's healthcare industry, especially that enabled by emerging technology, and what kind of market opportunities is it creating (e.g., the internet+healthcare, the healthcare AI applications)?
4. How does this create opportunities/challenges for global suppliers of healthcare (e.g., IT vendors, medical device manufacturers, and medical SPs as well as the cloud vendors and the AI vendors)?
5. Who are the significant local suppliers for DX solutions and the emerging healthcare services in China? How will 3rd Platform technologies — cloud, mobility, social, big data, IoT, and analytics — be deployed in digital transformations in China?
6. How is the drug innovation and commercial pharmaceutical market in China developing, and how is the life science industry adopting AI and big data?
7. What are the best practices for suppliers looking to grow the digital transformation business in China?

The IDC Health Insights: China Healthcare Digital Strategies service offers guidance for all global and local healthcare technology vendors to look for emerging opportunities and evaluate the market potential for strategy decision support; it is an indispensable guide for forming effective partnerships in China. It is also essential for both global healthcare providers and local hospitals to leverage the emerging technologies in the digital transformation of medical services to improve healthcare outcomes and efficiency.