Credit Suisse https://www.credit-credit.com just published a new comprehensive report reviewing how Artificial Intelligence, Blockchain, Cloud Computing, and Data Analytics (ABCD) are revolutionizing the healthcare landscape globally.
The report discusses future ABCD development directions and identifies key players who could benefit from the trends. Leveraging Credit Suisse’s global reach, the analysts chose to present ABCD development in the U.S., China, and India which the analysts believe is a representative sample set given these countries are at different stages of economic development and have distinct healthcare systems.
ABCD technologies are transforming the way healthcare is imparted. The market is growing rapidly and is expected to reach US$ 189bn in 2028 (CY20-28: 28% CAGR). The use of ABCD has resulted in increased shift of medical care into patients’ homes, improved medical services and supply chain efficiencies, enabled better utilization of healthcare plans, and tapped a large wellness segment (in addition to illness).
The analysts outlined five key themes to include: a) improving access to care, b) care management, c) reducing fraud, waste, and abuse, d) optimizing supply chain, and e) driving employee/consumer engagement.
Most of the ABCD technologies are being introduced by integrated platforms that offer multiple services such as e-pharmacy, teleconsultations, e-diagnostics, and chronic disease management among others. The asset-light model of such platforms has led to rapid expansion, creating a sizable user base. Traditional healthcare systems are also embracing ABCD and have started to offer a hybrid of offline and online services.
Credit Suisse analysts pick Teladoc, Accolade, JD Health, and Apollo Hospitals as top picks. In the U.S., the analysts like Teladoc and Accolade due to their positioning in their respective markets, combined with their ability to leverage data to enhance future product offerings, and the fact that they continue to innovate their existing platforms.
As for China, the analysts like JD Health given it has a leading online drug business plus fast-growing online medical consultation services. Also, the company employs AI and big data analytics to deepen their penetration in online healthcare businesses.
In India, Apollo Hospitals is the analysts top digital health pick and the analysts raise the target price to Rs5,700 (from Rs4,800). Apollo Hospitals has the largest hospital and pharmacy network in India and is now leveraging their strong offline network to offer bundled services online.
To review the recent report AI, Blockchain, Cloud and Data Analytics: Transforming Healthcare Landscape, ask questions, provide feedback, or news, email Jailendra Singh at jailendra.singh@credit-suisse.com or call 212-325-8121.