Three Major Boosts to Reshape the New Look of the Future Biomedical Industry

The Future Has Come, New Appearance of the Biomedical Industry

Explore the trend of the future biomedical industry. The focus of medical expenditure structure will extend from disease treatment to preventive health care; the growth of traditional hospitals and pharmaceuticals will gradually moderate, while precision prevention, diagnosis and testing, precision treatment, precision care and digital health will see substantial growth.

The COVID-19 epidemic in 2020-2021 will affect the performance of non-epidemic-related pharmaceuticals, medical materials and hospitals. On the other hand, digital technology and telemedicine have become areas where major companies and institutions are competing for deployment. The ever-changing external environment has accelerated the arrival of future medical care, and all participants in the biomedical industry are looking for niche positioning and competitive advantages in the new medical ecosystem.

There are three major boosts to reshape the future of medical care, including "innovative technological breakthroughs", "artificial intelligence and quantum computing technology", and "health big data analysis", and innovative technologies have gradually matured to create a data-oriented medical service model; Resilient, flexible and efficient medical system, public health and group health management, medical payment that pays attention to preventive benefit indicators, etc. The new operating model and payment system help the biomedical industry to maintain resilience in the uncertain epidemic situation; The whole person "Precision Health", patient-centered drug development, gene/cell and nucleic acid drug popularization, genetic testing combined with environmental data analysis, etc., to help solve unmet medical needs and bring immediate, convenient and affordable medical services.

The global economy has not recovered from the turbulence caused by COVID-19, and the new variant virus Omicron has once again pushed the biomedical industry to the forefront; under the epidemic, digital apps, mobile devices, smart homes The system makes the biomedical industry more decentralized and out of hospital departments. The major changes has been observed in the medical system faced by people, industries and governments around the world, focusing on the four major aspects of policies and regulations, public-private cooperation, active capital and digital technology, to build competitiveness and grasp growth opportunities. The public-private cooperation mechanism promotes the close integration of private innovation energy, enterprise management decision-making mechanism and abundant government resources, and brings together the knowledge and experience of members to improve major health issues.

In the face of uncertainties in the external environment, the biomedical industry should pay attention to environmental, social and governance (ESG) issues; global manufacturers are gradually responding to zero carbon emissions, which in turn drives the biomedical supply chain to expand investment in green energy.

In accordance with the "Six Core Strategic Industry Promotion Plan" approved in May 2021, in Taiwan's precision health industry, a huge database of genes and health care will be constructed, as well as the development of precision prevention, diagnosis and treatment. Therapeutic products, expand international business opportunities. In terms of green energy and renewable energy industry, a special zone and R&D base for renewable energy industry will be constructed, and the green power participation system will be improved; it is expected that the development goals of the biomedical industry and green energy construction will complement each other, and an international competitiveness team will be established to drive industry development and enter the world. Green supply chain.

The medical system of the future will be very different from today's medical system. Biomedical industry, medical institutions, insurance companies, competent authorities, retail and technology industry will all participate in this change, and move towards a user-centered medical system. It's a new future medical vision.