Frost & Sullivan: Health, Aged Care Tech Growth in 2017

Leaders Summit 2017, the leading conference for the aged care industry, will be held this week (March 16-17) at the Hilton in Sydney. BTAS will continue its sponsorship from last year and be present at this year’s event.

Leading up to Leaders Summit, Frost & Sullivan announced that healthcare services, aged care technologies, and screening and diagnostics are key growth areas for Asia Pacific in 2017. The analyst firm highlighted a need for innovation in terms of site-of-care delivery, treatment pathways, and payment models in order to deliver better healthcare.

Greater demand in Asia Pacific

Major health policies and initiatives are expected to be realised in part in 2017, which in turn will drive growth in the industry. The Asia Pacific healthcare market, which includes medical devices and healthcare technology, is expected to represent close to 30 per cent of global revenue in 2017.

The healthcare sector in Asia Pacific is also one of the fastest growing globally, with a growth rate of eight per cent projected for 2017 versus the global projected growth rate of 4.8 per cent.  The means the Asia Pacific healthcare market will increase from US$472.5 billion in 2016 to US$510.7 billion this year.

This growth can be attributed to industry concepts such as value-based care, personalisation and preventative healthcare gaining acceptance. This in turn is creating demand amongst consumers and healthcare providers for new technologies and innovative care delivery platforms.

Digitally-driven healthcare

Ageing populations worldwide continue to stretch the healthcare system and threaten an unsustainable rise in healthcare spending. Australia joins Japan, Korea, and Singapore as the fastest aging nations in Asia, with the ABS predicting that 7.75 million Australians will be over 65 years of age by 2044.

Frost & Sullivan Partner, Rhenu Bhuller, said these social trends will push healthcare service providers to reinvent their business models. “Care will move toward community and home, leading to opportunities for tele-health, remote patient monitoring and mhealth," she said.

The successful implementation of remote care delivery models in countries like Australia will help transition healthcare from tertiary/secondary care towards the home. As the industry moves toward this digitally-driven care delivery model, providers and carers will turn to technologies such as Big Data and predictive analytics, AI and robotics to do more with less.

Preparing for the future

In order for technology to provide aged Australians with the freedom to exercise real choice, aged and healthcare facilities need fast and reliable technology infrastructure. BTAS Connect can bring fast fibre-powered WAN and Internet powered to your village, while BTAS Network is end-to-end network management for peace of mind.

Symmetric connectivity of BTAS Connect means uploads are equally fast as downloads, so you’ll be able to add high quality content to the Cloud within minutes. High speed broadband also means you do not need to worry about the reliability of your file transfers or the availability of the Internet.

BTAS Network is designed to not only manage your network, but also secure it. Our Network Operations Centre (NOC) will proactively monitor your network, ensuring you remained focused on running your village and not distracted by the running of technology.

Contact us today to find out how BTAS Connect and BTAS Network can enable your business.

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