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Hong Kong Artifical Intelligence (AI) in Diagnostics Market Analysis

This report presents a strategic analysis of the Hong Kong Artificial Intelligence (AI) in Diagnostics Market and a forecast for its development in the medium and long term. It provides a comprehensive overview of the market value, dynamics, segmentation, main players, growth and demand drivers, challenges & future outlook, etc. This is one of the most comprehensive reports about the Hong Kong Artificial Intelligence (AI) in Diagnostics Market, and offers unmatched value, accuracy, and expert insights.

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Hong Kong Artifical Intelligence (AI) in Diagnostics Market Analysis

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  1. Sample Report Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis July 2024

  2. This report presents a strategic analysis of the Hong KongArtificial Intelligence (AI) in Diagnostics Market and a forecast for its development in the medium and long term. It provides a comprehensive overview of the market value, dynamics, segmentation, main players, growth and demand drivers, challenges & future outlook, etc. This is one of the most comprehensive reports about the Hong KongArtificial Intelligence (AI) in Diagnostics Market, and offers unmatched value, accuracy, and expert insights.

  3. Report Scope Report Attribute Details Number of Pages 60-70 Base Year for Estimation 2023 Forecast Period 2024-2030 Market Overview, Size & Forecasting, Market Segmentation, Growth Factors and Trends, Competitive Landscape, Key Company Profiles, Government Policies, Regulatory Landscape, Reimbursement Scenario Report Coverage Quantitative Units Revenue in USD Million/Bn (Mn/Bn) Currency Conversion 1 Euro = 1.08 USD Research Approach Secondary Research (90%), Primary Research (10%) 3 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  4. Table of Content CONTENT PG. NO. 07-15 1. Market Overview 1.1 Artificial Intelligence (AI) Overview 1.2 Artificial Intelligence (AI) in Diagnostics Overview: Global 1.3 Economic Overview: Hong Kong 1.4 Artificial Intelligence (AI) in Diagnostics Overview: Hong Kong 1.5 Healthcare Overview: Hong Kong 1.6 Budget of Hong Kong Government for Public Insurance 1.7 Top Developments in Hong Kong 16-18 2. AI in Diagnostics Landscape 2.1 Overview of Medical AI in Hong Kong 2.2 Use of Medical AI Software in Hong Kong 19-24 3. Market Size and Forecasting 3.1. Market Size and Forecasts (Excel and Methodology) 4 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  5. Table of Content CONTENT PG. NO. 3.2. Market Segmentation 3.2.1. Modality 3.2.2. Application 3.2.3. End User 25-30 4. Market Dynamics 4.1. Market Growth Drivers 4.2. Market Growth Restraints 31-38 5. Competitive Landscape 5.1. Key Players in Artificial Intelligence (AI) in Diagnostics Market 5.1.1. IBM 5.1.2. Siemens Healthineers 5.1.3. Philips Healthcare 5.1.4. GE Healthcare 5 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  6. Table of Content CONTENT PG. NO. 5.1.5. AliveCor 5.1.6. Annalise.AI 5.1.7. Imsight Technology 5.1.8. Sense Time 5.1.9. Time Medical Systems 5.1.10. Subtle Medical 39-43 6. Regulatory and Reimbursement Landscape 6.1. Regulatory Landscape in Hong Kong 6.2. Reimbursement Scenario in Hong Kong 6.3. Reimbursement Process 6 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  7. Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis Analysis 1. Market Overview

  8. 1.1 Artificial Intelligence (AI) Overview Artificial Intelligence (AI), is the simulation of human intelligence in machines, enabling computers to perform tasks that typically require human cognition, such as decision-making, problem-solving, and pattern recognition ▪ AI is implemented in various aspects of healthcare such as enhancing diagnostic accuracy, personalizing treatment plans, and streamlining administrative processes ▪ Integration of AI in healthcare offers numerous benefits, including improved patient care, reduced healthcare costs, and increased operational efficiency ▪ AI in used diagnostics for several purposes , such as: Analyze medical images (e.g., X-rays, MRIs, ultrasounds, CT scans, and DXAs) ▪ Analyze bio-signals (e.g., ECG, EEG, EMG) ▪ Analyze vital signs (e.g., body temperature, pulse rate, respiration rate, and blood pressure) ▪ Detect infections from blood samples ▪

  9. 1.2 Artificial Intelligence (AI) in Diagnostics Overview: Global (1/2) 38% Healthcare providers globally are using AI in diagnostics in 2023 65+ Population in the World 2013-2023 (In Bn) 60% + Hospitals in the US have integrated AI in the healthcare delivery process 8.02 7.95 7.89 7.82 7.74 7.66 7.58 700+ AI-ML enabled medical devices are currently approved by US-FDA 7.49 7.40 7.32 7.23 43% Patients have a limited understanding of AI and its use in healthcare 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 9 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  10. 1.2 Artificial Intelligence (AI) in Diagnostics Overview: Global (2/2) Hong Kong Market ~$xx Bn Market Illustrative Illustrative 10 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  11. 1.3 Economic Overview: Hong Kong Population of Hong Kong, (in Mn) GDP of Hong Kong, (in $Bn) 2016 2017 2018 2019 2020 2021 2022 2023 2016 2017 2018 2019 2020 2021 2022 2023 Population Split (2023) Hong Kong is an aging country, as it’s median age is 45.9 years which is higher than global median age Hong Kong is the fourth most densely populated place globally with a population of nearly 7.5 Mn people Life expectancy of female is 86.8 years and for male it is 80.7 years More than 90% of the population is urban Its economy is dominated by the service sector which contributes about 94% to the GDP ▪ By Gender By Age Group ▪ ▪ 0-14 Male Female 15-64 ▪ 65+ ▪ Illustrative Illustrative 11 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  12. 1.4 Artificial Intelligence (AI) in Diagnostics Market Overview: Hong Kong AI Application Areas in Hong Kong (2023) 10+ Public hospitals in Hong Kong have adopted AI in hospital operation till 2023 $10,6215 Is the average investment in AI in Hong Kong Healthcare Education and Training 200+ AI-based enterprises currently in Hong Kong Manufacturing Government Organizations Information Technology 75% Is the reduction in administrative time owing to AI in hospitals in Hong Kong Illustrative Illustrative 12 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  13. 1.5 Healthcare Overview: Hong Kong Public Healthcare Private Healthcare Hong Kong's public healthcare has high-quality services and accessibility, predominantly funded by the government through taxation There are a number of private hospitals and medical services provided by the private healthcare sector ▪ ▪ In addition to 12 private hospitals, there are hundreds of private outpatient facilities from neighborhood GPs, to specialist clinics, diagnostic centers and laboratories across Hong Kong. ▪ Managed by the Hospital Authority, the system offers comprehensive healthcare services across various facilities, including 43 public hospitals, 49 specialist outpatient clinics, and 73 general outpatient clinics ▪ Department of Health (DH) regulates licensed private healthcare facilities under the Private Healthcare Facilities Ordinance and medical clinics registered under the Medical Clinics Ordinance ▪ This healthcare model ensures that residents receive affordable care, with nominal fees for services, and focuses on a range of medical needs from emergency care to chronic disease management ▪ 13 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  14. 1.6 Budget of Hong Kong Government for Public Insurance Proposed Budget By Category 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2022-31 Outlays $769 $709 $766 $841 $840 $947 $1,014 $1,085 $1,227 $1,178 $1,325 $1,412 $10,633 In Billions Of Dollars Medicare 3.7% 3.2% 3.3% 3.4% 3.3% 3.6% 3.7% 3.8% 4.1% 3.8% 4.1% 4.2% 3.7% As % Of GDP National Health Expenditures (NHE) grew 2.7% to $4.3 Tn in 2021, or $12,914 per person, and accounted for 18.3% of Gross Domestic Product (GDP) ▪ Medicare spending grew 8.4% to $900.8 Bn in 2021, or 21% of total NHE ▪ Private health insurance spending grew 5.8% to $1,211.4 Bn in 2021, or 28% of total NHE ▪ Out of pocket spending grew 10.4% to $433.2 Bn in 2021, or 10% of total NHE ▪ Other Third Party Payers and Programs and Public Health Activity spending declined 20.7% in 2021 to $596.6 Bn, or 14% of total NHE ▪ Hospital expenditures grew 4.4% to $1,323.9 Bn in 2021, slower than the 6.2% growth in 2020 ▪ Physician and clinical services expenditures grew 5.6% to $864.6 Bn in 2021, slower growth than the 6.6% in 2020 ▪ Prescription drug spending increased 7.8% to $378.0 Bn in 2021, faster than the 3.7% growth in 2020 ▪ Largest shares of total health spending were sponsored by the federal government (34%) and the households (27%). The private business share of health spending accounted for 17% of total health care spending, state and local governments accounted for 15%, and other private revenues accounted for 7% ▪ Illustrative Illustrative 14 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  15. 1.7 Top Developments in Hong Kong Latest Deals in Hong Kong Company Name Type Year Key Pointers Researchers from the Faculty of Medicine at the Chinese University of Hong Kong (CU Medicine) have utilized anonymized big data from the Hospital Authority Data Collaboration Laboratory to develop a new machine learning model that can predict the risk of severe hypoglycemia among older diabetic adults Based on the XGBoost machine learning algorithm, the risk prediction model uses 258 predictors, including demographics, admissions, and diagnoses, to predict severe hypoglycemia events requiring hospitalization in the next 12 months ▪ New Development 2024 ▪ Developed by the Centre for Artificial Intelligence and Robotics (CAIR) of the CAS Hong Kong Institute of Science and Innovation, the CARES Copilot 1.0 model offers physicians enhanced accuracy in data retrieval. It can generate information and citations from academic sources, with data accuracy up to 95% Using the AI model for complement surgery, image navigation, and medical robotics in clinics, operating rooms and research institutes can directly assist medical staff in dealing with emergencies ▪ New Development 2024 ▪ Illustrative Illustrative 15 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  16. Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis Analysis 2. AI in Diagnostics Landscape

  17. 2.1 Overview of Medical AI in Hong Kong Hong Kong government has implemented several initiatives such as the “AI for Good” which primarily focus on promoting AI research in several industry areas including healthcare It aims to make Hong Kong a global hub for AI research and development Apart from global players and local start-ups, many universities and research institutes are innovating medical AI software for diagnostics ▪ ▪ ▪ Key Development Areas Top Universities in Hong Kong for AI R&D Medical Artificial Intelligence Lab Program (MAIL): AI-based optical coherence tomography (OCT) retinal disease screening and diagnosis system ▪ AI virtual patients' diagnostic application: Leveraging generative AI technology and real-life surgical cases, allows medical students to virtually simulate interactions ▪ AIMED: Orthopedics intelligent PACS system powered by AI techniques for instant disease diagnosis, management and tracking ▪ 17 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  18. 2.2 Use of Medical AI Software in Hong Kong Examples of Hospitals in Hong Kong Using Medical AI Healthcare Institutions in Hong Kong, (2023) Radiology department at Gleneagles Hong Kong will be adopting Australian company Annalise.ai's AI solution for analysing chest X-rays and CT brain scans ▪ Public Hospitals Specialist Out-Patient Clinics General Out-Patient Clinics Private Hospitals Illustrative Illustrative 18 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  19. Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis Analysis 3. Market Size and Forecasting

  20. 3.1 Hong Kong Artificial Intelligence (AI) in Diagnostics Market Size and Forecasts Hong Kong Artificial Intelligence (AI) in Diagnostics Market Forecast, 2023-2030 2023 2024F 2025F 2026F 2027F 2028F 2029F 2030F 2023 2024 2025 2026 2027 2028 2029 2030 Major Markets Patient ($Mn) 2.74 2.82 2.90 2.94 2.98 3.02 3.07 3.12 Hong Kong Patient Size ($Bn) 0.51 0.61 0.68 0.69 0.70 0.71 0.72 0.73 % of Patients 18.75% 21.70% 23.56% 23.45% 23.42% 23.39% 23.34% 23.45% Global Market Size ($Bn) 3,620 3,780 3,950 4,128 4,314 4,508 4,711 4,937 Hong Kong Market Size ($Bn) 61 74 84 87 91 95 99 106 Illustrative Illustrative 20 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  21. 3.2 Snapshot of Hong Kong Artificial Intelligence (AI) in Diagnostics Market Segmentation Modality Application End User CT-Scan Cardiology Hospitals Magnetic Resonance Imaging (MRI) Oncology Labs X-Ray Pathology Ultrasound Radiology Others Others In this section you will get an understanding of the segmentations which will cover the Hong Kong Artificial Intelligence (AI) in Diagnostics Market ▪ In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Illustrative Illustrative 21 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  22. 3.2.1 Market Segmentation: By Modality Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis Share, By Modality (2023) Others Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report In order to obtain access to all of the information that you are seeking, you will need to purchase the final report Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ Ultrasound CT-Scan ▪ X-Ray ▪ Healthcare at Home Magnetic Resonance Imaging (MRI) Illustrative Illustrative 22 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  23. 3.2.2 Market Segmentation: By Application Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis Share, By Application (2023) Others Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report In order to obtain access to all of the information that you are seeking, you will need to purchase the final report Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ Cardiology Radiology ▪ ▪ Pathology Oncology Illustrative Illustrative 23 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  24. 3.2.3 Market Segmentation: By End User Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis Share, By End User (2023) Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report In order to obtain access to all of the information that you are seeking, you will need to purchase the final report Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ ▪ Labs ▪ Hospitals Illustrative Illustrative 24 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  25. Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis Analysis 4. Market Dynamics

  26. 4. Snapshot Of Market Growth Drivers And Restraints 4.1.1 4.1.2 Supportive government initiatives for AI adoption in healthcare 4.1.3 Increasing investments in AI enterprises promotes development of new technology Steadily rising aging population of ~25% requiring early detection and diagnosis 4.2.1 4.2.2 Data privacy and safety concerns High costs of medical AI software development and implementation Illustrative Illustrative 26 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  27. 4.1 Market Growth Drivers 4.1.1 Steadily rising aging population of approximately 25% requiring early detection and accurate diagnosis Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ Aging Demographic in Hong Kong, (in %) In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ 2022 2024 2026 2028 2030 Illustrative Illustrative 27 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  28. 4.1 Market Growth Drivers 4.1.2 Supportive government initiatives for AI adoption in healthcare Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ Initiatives Description In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ Illustrative Illustrative 28 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  29. 4.1 Market Growth Drivers 4.1.3 Increasing investments averaging around $10,000 in AI enterprises promotes development of new technology Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ Increasing AI Investments in Hong Kong, (in $) In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ 2020 2024 2028 2032 Illustrative Illustrative 29 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  30. 4.2 Market Growth Restraints 4.2.1 Data privacy and safety concerns restricting the collection of large amounts of medical data for AI training 4.2.2 High costs of medical AI software development and implementation averaging at $100K Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report ▪ ▪ In order to obtain access to all of the information that you are seeking, you will need to purchase the final report In order to obtain access to all of the information that you are seeking, you will need to purchase the final report ▪ ▪ Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ ▪ Our analysis will thoroughly investigate the key restraints that may significantly impact business operations and growth. Illustrative Illustrative 30 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  31. Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis Analysis 5. Competitive Landscape

  32. 5.1 Key Players in Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis Global Players Here is the list of top 10 companies which will cover in the final report ▪ Local Players 1 6 Each company will have slides for ▪ IBM Annalise.AI Overview Key details Offerings Name of products Recent activities/ Press Coverage Distribution and Vendor Partners Mergers, Acquisitions and Collaboration Financials If there are specific companies that you would like to be included in the report, please let us know via email In order to obtain access to all of the information that you are seeking, you will need to purchase the final report Illustrative Illustrative o o o o 2 7 Siemens Healthineers Imsight Technology o o o 3 8 Philips Healthcare Sense Time o ▪ 4 9 GE Healthcare Time Medical Systems ▪ 10 5 AliveCor Subtle Medical 32 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  33. 5.1.1 IBM Solution Offerings ▪ IBM, a global tech leader with a presence in over 170 countries, is at the forefront of innovation across various sectors ▪ Beyond its traditional strengths in computing and IT, IBM is actively leveraging its artificial intelligence (AI) expertise to revolutionize healthcare ▪ Its AI for healthcare initiatives focus on areas like early disease detection, medical imaging analysis, and creating personalized treatment plans, aiming to improve patient care and optimize healthcare systems Founded In: 1911 ➢ Data and AI HQ: New York, United States ➢ Infrastructure Type: Public Revenue: $60.52 Bn (Global) ➢ Security Website: www.ibm.com ➢ Sustainability AI in Diagnostics: IBM Watson ▪ IBM Watson is an AI system developed by IBM capable of answering questions posed in natural language ▪ In medical imaging and diagnostics, IBM Watson is used to enhance the accuracy and efficiency of healthcare services with the following key applications Watson for Genomics Watson Health Imaging Watson Patient Synopsis Analyzes genomic data to identify mutations and variations specific to a patient aiding in diagnosing the tumor characteristics Uses AI algorithms to analyze X- rays, MRIs, CT scans to detect abnormalities like tumors, fractures, and lesions It is a tool that synthesizes data from a patient’s medical history, clinical reports, and imaging studies aiding in the diagnostic process. ▪ ▪ ▪ 33 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  34. 5.1.1 IBM (Continued) Latest Deals in IBM Company Name Type Year Key Pointers IT services company HCL Technologies IBM announced a new partnership to create a Generative AI Centre of Excellence HCLTech plans to train 10,000 of its engineers and architects in IBM's AI technologies, particularly 'watsonx’ This initiative aims to help enterprises modernize legacy applications, develop IT service management use cases, reduce coding complexity, enhance skill development on the watsonx platform, and foster continuous innovation ▪ ▪ Partnership 2024 ▪ Illustrative Illustrative 34 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  35. 5.1.1 IBM (Continued) Revenues ($Bn), 2020-2030 Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report In order to obtain access to all of the information that you are seeking, you will need to purchase the final report Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ ▪ 2020 2021 2022 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F Breakdown of Net Revenue by Segment, 2023 ▪ 1 2 3 4 Illustrative Illustrative 35 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  36. 5.1.2 Siemens Healthineers Offerings Founded In: HQ: Type: Revenue: Website: Recent Activity / Press Coverage Illustrative Illustrative 36 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  37. 5.1.2 Siemens Healthineers (Continued) Latest Deals in Siemens Healthineers Company Name Type Year Key Pointers Illustrative Illustrative 37 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  38. 5.1.2 Siemens Healthineers (Continued) Revenues ($Bn), 2020-2030 Please be aware that this sample report is intended to provide you with a brief overview of the kind of information and analysis that will be presented in the final report In order to obtain access to all of the information that you are seeking, you will need to purchase the final report Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ ▪ 2020 2021 2022 2023F 2024F 2025F 2026F 2027F 2028F 2029F 2030F Breakdown of Net Revenue by Segment, 2023 ▪ 1 2 3 4 Illustrative Illustrative 38 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  39. Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis Analysis 6. Regulatory and Reimbursement Landscape

  40. 6.1 Regulatory Landscape in Hong Kong Regulatory Authorities With Jurisdiction Over Medical Devices and Artificial Intelligence (AI) In Hong Kong The Department of Health (DH) is the primary governmental body responsible for the health of the people and the overall healthcare system in Hong Kong. Its key governmental agencies responsible for medical devices including those incorporating AI are as follows: Medical Device Division (MDD), formerly known as the Medical Device Control Office (MDCO), is responsible for regulating the import, export, manufacture, and sale of medical devices in Hong Kong. It ensures that medical devices meet safety, efficacy, and quality standards ▪ Department of Health (DH), oversees public health services in Hong Kong, including the regulation of pharmaceuticals and medical devices. It plays a crucial role in implementing health policies and ensuring public health safety ensuring that medical devices and AI applications used in healthcare comply with relevant health standards and guidelines ▪ Office of the Government Chief Information Officer (OGCIO), is responsible for the formulation and implementation of policies and initiatives related to information technology in Hong Kong. It provides guidelines and frameworks for the adoption of emerging technologies, including AI. It focuses on data privacy, cybersecurity, and ethical considerations in the deployment of AI solutions ▪ Hong Kong Science and Technology Parks Corporation (HKSTP), supports innovation and technology development in Hong Kong by providing infrastructure, funding, and policy support to startups and enterprises. It promotes the development and commercialization of AI and medical technologies ▪ Medical Device Administrative Control System (MDACS)), provides a framework for the classification, registration, and safety monitoring of medical devices in Hong Kong ▪ Illustrative Illustrative 40 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  41. 6.2 Reimbursement Scenario in Hong Kong Coverage Penetration (% Total Population) Source of Funding Spend on Healthcare (%of Current Health Expenditure) 100% 100% 100% 100% 100% 44.0% Government Expenditure xx 46.0% xx 47.7% xx xx xx 51.0% 51.8% Public Healthcare Coverage Private Health Insurance Out of Pocket 38.9% 37.1% 35.6% 31.5% 32.5% Private Coverage Other NA NA 2019 2020 2021 2022 2023 2017 2018 2019 2020 2021 2022 2023  Public healthcare coverage is provided by the government and includes programs like Medicare and Medicaid  Medicare is a federal program that provides healthcare coverage to individuals who are 65 years of age or older, as well as certain younger people with disabilities 6.3% 4.08% 5.1% 3.8% 2.2% 2.4% 3.6% GDP Growth (yoy) 14.7% 11.3% 15.5% 7.5% 4.2% NA NA HC Spend Growth (yoy) Reimbursement Market Trends ▪ Shift towards value-based care has been a significant trend in Hong Kong healthcare system, with payers and providers increasingly focused on improving patient outcomes and reducing costs ▪ This has led to the development of alternative payment models such as accountable care organizations (ACOs) and bundled payment arrangements, which incentivize providers to deliver high-quality, cost-effective care Illustrative Illustrative 41 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  42. 6.3 Reimbursement Process The reimbursement process in Hong Kong healthcare system can be complex and can vary depending on the type of healthcare service, the healthcare provider, and the insurance coverage. Here are the general steps involved in the reimbursement process: Service or Treatment Provided: The healthcare provider performs a service or treatment for the patient ▪ Billing: The healthcare provider submits a claim to the insurance company or other payer, requesting reimbursement for the service provided ▪ Adjudication: The insurance company or other payer reviews the claim to determine whether it meets the criteria for reimbursement. This can involve verifying the patient's eligibility, reviewing the treatment provided, and checking for any potential errors or fraud ▪ Payment: If the claim is approved, the insurance company or other payer reimburses the healthcare provider for the service provided, based on the negotiated payment rates or fee schedule ▪ Patient Responsibility: Depending on the patient's insurance coverage, they may be responsible for paying a portion of the cost of the service, such as deductibles, co-payments, or co-insurance In order to obtain access to all of the information that you are seeking, you will need to purchase the final report Final report will be comprehensive and detailed, and it will include data, analysis, trends, and other relevant information related to the topic or subject matter of interest ▪ Illustrative Illustrative 42 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

  43. 6.3 Reimbursement Process (Continued) The reimbursement process in Hong Kong healthcare system can be complex and can vary depending on the type of healthcare service, the healthcare provider, and the insurance coverage. Here are the general steps involved in the reimbursement process: MoH Service or Treatment Provided: The healthcare provider performs a service or treatment for the patient ▪ Market Authorization Billing: The healthcare provider submits a claim to the insurance company or other payer, requesting reimbursement for the service provided ▪ Private Payers Public Payers Adjudication: The insurance company or other payer reviews the claim to determine whether it meets the criteria for reimbursement. This can involve verifying the patient's eligibility, reviewing the treatment provided, and checking for any potential errors or fraud ▪ Health Technology Assessment Payment: If the claim is approved, the insurance company or other payer reimburses the healthcare provider for the service provided, based on the negotiated payment rates or fee schedule ▪ 1 2 3 Coding Coverage Payment Coding depends on availability code while coverage and payment process decisions are made through an HTA. Illustrative Illustrative 43 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential

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  48. What do our reports cover? Market Overview Competitive Landscape 1 6 Growth Drivers & Growth Restraints 2 7 Policy & Regulatory Landscape Epidemiology & Disease type 3 8 Reimbursement Scenario Market Size & Forecast Recent Developments 4 9 Market Segmentation Factors Driving Future Growth 5 10

  49. Our Research Process 01 02 03 04 05 06 Define precise research questions Gather data through secondary research Validate data through primary research interviews Forecast market size and segment analysis Extract key insights from the research findings Compile & present a comprehensive analytical report

  50. Data Triangulation & Data Validation Top Down Approach Find final Examine the total healthcare expenditure in the targeted disease or service domain. market size Assess the proportion of spending allocated to the specific product or treatment category. Predict future market growth or decline based on key market trends & dynamics Predict future market growth or decline based on key market trends & dynamics Analyze product or treatment pricing and reimbursement strategies Find final market size Evaluate consumer or patient demographics and numbers Bottom Up Approach

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