As a Chinese translation agency, we keep analyzing a variety of industries to understand the market trend and the our clients’ needs.
At present, we can see that China’s medical industry is changing in four directions:
1. Policy changes: the policy encourages social medical services to accelerate the process of promoting medical marketization by social capital.
2. Technological changes: the rapid development of medical informatization has brought about the feasibility of improving the soft power of hospitals. The past three years have not found a profitable model, but the changes to health services are already visible. Meanwhile, commercial insurance companies are making efforts on the payment side, and premium payers have emerged.
3. Changes in doctors: with the implementation of the Internet hospital policy, it will be more convenient for doctors to practice in multiple places, and the productivity of doctors will be greatly released.
4. Changes in hospital form: non-core medical technology functions are gradually removed from hospitals and flow to all kinds of third-party medical institutions such as independent inspection center, imaging center, pathology center and washing center, etc. In addition, the zero-markups on medicines also allow retail terminal pharmacies to undertake more medical retailing from hospitals.
Medicine is changing the world, and technology is changing medicine.
In the healthcare sector, the most dramatic technological developments are in three areas: Digital health, Biotechnology and Medical devices.
Artificial intelligence has been on the rise, the wave of AI in the field of medical application range further to medical imaging, genetic testing, auxiliary diagnosis, new drug research and development, health management, etc., such as the use of AI report automatic generation of medical imaging, deep learning help clinicians to predict alzheimer’s disease, the use of AI research and development of influenza vaccines, predict a heart attack and stroke, AI AI algorithms diagnosis of congenital cataract and skin cancer, and so on. In the future, artificial intelligence will play an increasingly important role in disease screening, drug research and development, and treatment plan decision-making.
Big data has brought great progress to the healthcare industry. The effective use of big data has improved efficiency and reduced waste for hospitals, medical systems and medical offices. Increased ability to predict epidemics, treat diseases, improve quality of life, and send warning signals earlier; Improved understanding of public health, a more comprehensive understanding of personal health, analysis of health patterns based on race, gender, age, and region, and the ability to learn and implement preventive treatment more quickly.