The healthcare industry is one of the most volatile and dynamic industries, in a good and a bad way. The changing healthcare landscape and the technological development of pharmaceutical companies might be good news for the patients. However, as far as the investors are concerned, fluctuations in the healthcare scenario may not always be a positive indicator. If you are a stakeholder in the healthcare industry, here are a few healthcare industry trends that you can expect in the upcoming year.
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Expected Healthcare Industry Trends in the Market
Specialty Diseases are Coming to the Spotlight
Previously, experts in the medical industry had diverted their focus to common diseases rather than specialty diseases that only affected a minority of people in society. This mindset is slowly changing with specialty diseases slowly coming into the spotlight. What has forced many of the pharmaceutical companies to concentrate on these chronic diseases is the facts that there are fewer existing treatments, lesser competition, and long treatment times. For the investors, players in the healthcare industry who are specializing in the treatment of these ‘orphan diseases’ or chronic diseases, healthcare industry trends are predicting better returns in the future.
Mergers and Acquisitions Are on the Rise
With patents for blockbuster drugs worth billions of dollars expected to expire within the next decade, the big companies will be frantically looking for ways to cover their losses. Since R&D is an expensive and time-consuming affair, many healthcare industry trends are predicting the growth of companies in this sector through mergers and acquisitions.
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Asian Markets Will Boom
The Asian market is on the rise, especially in terms of growth and rapid economic development. The players in the Asian healthcare industry have realized that to match up with the technological advancements of the West, they need to upgrade themselves. Also, health insurance is a relatively untapped market in Asia; however, with more private insurers expected to enter the market, these healthcare industry trends will show positive signs of growth.
Healthcare is one of the industries that has welcomed technological changes and developments with open arms. Some of the healthcare industry trends such as artificial intelligence, big data analytics, and blockchain technology are expected to change the face of healthcare in the upcoming year completely. Such healthcare industry trends are expected to change the face healthcare market in the years to come.