The Asian market of digital health is expected to rise to a worth of $100 billion by 2025.
As per a new report of the global management consulting firm McKinsey & Company, the digital health ecosystem of Asia is growing. It is rising with its customer-centric digital system and with its emerging players. It is ultimately advising the healthcare players to define their roles in participating in the health ecosystem.
This emerging customer-centric digital health ecosystem in Asia is delivering care. It is also combining the network form of the service providers, a smart system, and the technology-based backbone.
The ecosystems are not entirely digital. These are integrating both digital and physical health services. They do not have the authority of a single entity. The ecosystems consist of central orchestrators. It is getting the anchoring around the self-build models of the businesses.
The report is pointing out the four archetypes for the ecosystems. It includes broadening access to primary care. There are companies that are combining telemedicine and e-pharmacy services. It is also tracking the improvement of health and wellness. The Players are also leveraging digital technologies to urge the customers to monitor their health.
Also, it is highlighting the expediting access to acute care. The building of the digital front doors is quite significant. The management and the monitoring of the disease is also a focus of this report.
The report is also highlighting the lessons for the orchestrators to consider the capture opportunities for them. It is including the building of the successful; ecosystem which is relying on the aligning of the interesting. It is also connecting the multiple stakeholders within the health system.
A digital ecosystem does not imply the online approach. A successful model will require the integration with both the online and the offline resources to achieve better outcomes. The design for each of the business models will require a definition for flow generation, transaction, and profit creation.
To realize the value of the building of a digital health ecosystem, the orchestrators need to ask for many things. They must ask for the source of advantages, strategic capabilities, and partnerships. Also, they must ask for the time horizon and the risk appetite, etc.