The Next Frontier of Healthtech Innovation

Summary

Healthtech, encompassing everything from digital therapeutics to artificial intelligence (AI)-driven diagnostics, is reshaping healthcare and becoming a crucial element of healthcare delivery by enhancing accessibility, convenience, and personalization of services. As healthcare costs continue to rise, driven by factors such as aging populations, prevalence of chronic diseases, and increasing costs of treatments, healthtech offers ways to make healthcare more affordable and sustainable.

Healthtech provides an opportunity to make healthcare more patient-centric—a model believed to be a promising way to decrease costs while at the same time improving health-related quality of life. By focusing on individual patient needs through personalized care plans, healthtech empowers patients to take more active role in managing their health, ultimately driving down healthcare costs.

Key Findings of the report include -

• South Korea’s drug development is growing, focusing on early R&D and CGTs.
• South Korea is advancing therapies like ADCs, mRNA, and CAR-T.
• The rise in drug approvals in recent years highlights South Korea’s strong regulatory support.
• South Korea’s pharma deals have slowed in recent years, but strategic alliances remain key.
• Phase I clinical trials have become the focus in South Korea, representing the largest category.

• GlobalData’s Healthtech report provides in-house analyst expertise on the impact of the five broad innovation categories (personalized and precision medicine, virtual care (telemedicine), artificial intelligence, robotics and virtual/augmented reality) and highlights big players in key healthcare technology categories.
• Components of the report include -
  Key Players — identify the big players in key healthcare innovation categories that may be disrupted over the next two years.
• Trends in Healthtech — identify key trends expected to occur in the global healthcare sector over the next two years.
• Industry Analysis — identify the impact of innovations across major markets.
• Value Chain - identify the five primary ways in which technology is changing the delivery of healthcare: prevention, diagnosis, treatment, monitoring, and recording.

• Develop and design your corporate strategies through an in-house expert analysis of the five broad innovation categories expected to impact the healthcare industry.
• Develop business strategies by understanding the primary ways in which technology is changing the delivery of healthcare.
• Stay up to date on the industry’s major players in healthtech and where they sit in the value chain.
• Identify emerging industry trends in in the global healthcare sector to gain a competitive advantage.