Five Facts To Know About Cloud Innovation in China
- China has unveiled a number of ambitious cloud initiatives intended to address the challenges of an aging population facing an increased threat of chronic disease while the national physician shortage looms
- Unique opportunity as one million Chinese enterprises are poised to the join the cloud by 2020 (Ministry of Industry and Information Technology) while cloud sales are positioned to grow from 5% to 20% of the Chinese IT market (CBR, 2018).
- Interoperable healthcare IT solutions and high-value healthcare services–particularly, diagnostic imaging services–gain traction in China’s 5-year plan
Five Facts to Know About Cloud Innovation in China
#1 Healthy China Initiative
About 95% of the population has at least some form of healthcare coverage. However, public healthcare only covers 50% of costs, and China has been pushing to move it to around 70% with the “Healthy China 2020 Initiative.” The demand for healthcare has turned China into a powerhouse market for healthcare vendors. China itself is pushing to invest in strong health companies, especially domestically, while also developing their own research into solutions on providing healthcare for an aging population. Calls by Beijing to increase access to healthcare coverage while reducing cost barriers has brought on a significant increase in investments and the push for innovation domestically. Cloud computing, telemedicine, artificial intelligence, and the substantial proliferation of diagnostic imaging are among the areas of focus.
#2 Expansion of Alibaba Cloud
#3 Doctor Shortage
#4 Paving The Way for Telehealth Adoption
#5 Growth in Utilization of Diagnostic Imaging
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