Table of Contents
A Deep-dive Analysis of the Business and Financial Health of Leading Companies in the Region
Increased competition between healthcare providers which has lead to increased development of competitive features, such as premium care facilities, aesthetic and wellness medicine facilities, improved patient customer service, and so on. This has also stimulated the increased application of technology in both medical devices and information and communication technology. The research team conducted a comprehensive review of secondary information sources, including Frost & Sullivan's in-house database, previous research services, online database, trade journals, and the Internet along with few primary research. Various topics in each profile, such as revenue, solvency ratios, SWOT analysis, and M&A trends are covered.
-The international healthcare landscape has been garnering more focus in recent times with the increased onset of complicated disease conditions and awareness. However, rising healthcare costs and pressure from insurance companies have made it more pressing for patients to consider alternative low-cost therapy options. This has led to the onset of the following key trends in the market:
-Rising competition between healthcare providers has led to increased development of competitive features, such as premium care facilities, aesthetic and wellness medicine facilities, improved patient customer service, and so on. This has also stimulated the increased application of technology in both medical devices and information, and communication technology.
-Proactive health management is a key trend in the market, with more number of young people involved in preventive medicine and general wellness.
-Popularity of referral-center-based business models is increasing, as it creates a win-win situation for all the stakeholders. Development of clinics and dental facilities in clusters in high-volume locations near Mass Rapid Transport (MRT) and bus stations is another key trend.
-The implementation of information and communication technology was a key trend in the Asia-Pacific (APAC) healthcare market. Several partnerships and joint ventures are largely focused on overseas expansion.
Many companies in Thailand are in the expansion phase, as they are acquiring land and medical or hospital equipment.
Hospitals are eyeing expansion activities in countries, such as China and Indonesia, where the addressable market is huge. With both organic and inorganic expansion plans, companies are focusing on both local and overseas expansions.
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