2021-09-14-Credit_Suisse-人工智能_区块链_云和数据分析_改变医疗保健格局_108页_4mb

Summary of Global Healthcare Sector Transformation by ABCD Technologies

This report highlights how Artificial Intelligence (AI), Blockchain, Cloud Computing, and Data Analytics (ABCD) are revolutionizing the global healthcare sector. Key themes include: improved access to care, enhanced care management, fraud and waste reduction, supply chain optimization, and increased employee/consumer engagement.

Improving Access to Care:

• Telemedicine: Expansion via policy changes and technology (e.g., U.S., India, China).
• AI and CDSS: Streamlining diagnosis and triage using deep learning.

Enhancing Care Management:

• Real-time monitoring through wearables and predictive analytics.
• Units like Teladoc and Accolade are leading in developing integrated digital platforms for chronic disease management.

Reducing Fraud, Waste, and Abuse:

• Use of AI and Blockchain for data verification and fraud detection, especially in commercial insurance and government healthcare programs.

Optimizing Supply Chain:

• Cloud, AI, and IoT enable real-time inventory management and logistics optimization, exemplified by companies like JD Health and Shanghai Pharma.

Driving Employee/Consumer Engagement:

• AI-powered chatbots and personalized tools improve user interaction with healthcare systems.

Key countries analyzed are U.S., China, and India, each with distinct regulatory and economic factors shaping ABCD adoption. Leading companies include Teladoc, JD Health, and Apollo Hospitals. Valuation targets suggest significant potential growth across these platforms. Investment risks include regulatory shifts, competition, and integration challenges.

Market Projections:

• Global ABCD healthcare market is expected to grow from ~US$30 bn in 2020 to ~US$180 billion by 2028 (28% CAGR).
• AI healthcare market to reach ~US$33 billion by 2024.

Investment Outlook:

• Outperform-rated companies like Teladoc (TP: US$208), Accolade (TP: US$63), JD Health (TP: HK$110), and Apollo Hospitals (TP: Rs5,700) present strong opportunities, though face risks like regulatory hurdles and competition.

Key Takeaways:

• ABCD technologies address long-term healthcare pain points: limited access, poor care coordination, inefficiency in administrative processes, and lack of engagement.
• Digital health adoption varies regionally, with U.S. focused on chronic care, China emphasizing e-pharma, and India leveraging offline infrastructure.