Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis

insights10marketing 58 views 64 slides Aug 08, 2024
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About This Presentation

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, cha...


Slide Content

Hong Kong Artificial
Intelligence (AI) in
DiagnosticsMarket
Analysis
Sample Report
July 2024

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.

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

4 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
CONTENT PG. NO.
1. Market Overview 07-15
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
2. AI in Diagnostics Landscape 16-18
2.1 Overview of Medical AI in Hong Kong
2.2 Use of Medical AI Software in Hong Kong
3. Market Size and Forecasting 19-24
3.1. Market Size and Forecasts (Excel and Methodology)
Table of Content

5 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
CONTENT PG. NO.
3.2. Market Segmentation
3.2.1. Modality
3.2.2. Application
3.2.3. End User
4. Market Dynamics 25-30
4.1. Market Growth Drivers
4.2. Market Growth Restraints
5. Competitive Landscape 31-38
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
Table of Content

6 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
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
6. Regulatory and Reimbursement Landscape 39-43
6.1. Regulatory Landscape in Hong Kong
6.2. Reimbursement Scenario in Hong Kong
6.3. Reimbursement Process
Table of Content

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

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

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

11 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
2016 2017 2018 2019 2020 2021 2022 2023
Population of Hong Kong, (in Mn)
2016 2017 2018 2019 2020 2021 2022 2023
GDP of Hong Kong, (in $Bn)
Population Split (2023)
0-14
15-64
65+
By Age GroupBy Gender
▪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
Illustrative
1.3 Economic Overview: Hong Kong
Male
Female

12 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
1.4 Artificial Intelligence (AI) in Diagnostics Market Overview: Hong Kong
200+
AI-based enterprises
currently in Hong Kong
75%
Is the reduction in
administrative time owing to
AI in hospitals in Hong Kong
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
AI Application Areas in Hong Kong (2023)
Healthcare
Education and Training
Manufacturing
Government Organizations
Information Technology
Illustrative

13 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
1.5 Healthcare Overview: Hong Kong
Public Healthcare
▪Hong Kong's public healthcare has high-quality services
and accessibility, predominantly funded by the government
through taxation
▪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
▪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
Private Healthcare
▪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.
▪Department of Health (DH) regulates licensed private
healthcare facilities under the Private Healthcare Facilities
Ordinance and medical clinics registered under the
Medical Clinics Ordinance

14 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
Proposed Budget By Category
Outlays 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2022-31
In Billions Of Dollars
Medicare
$769 $709 $766 $841 $840 $947 $1,014 $1,085 $1,227 $1,178 $1,325 $1,412 $10,633
As % Of GDP 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%
▪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
1.6 Budget of Hong Kong Government for Public Insurance

15 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
Company Name Type Year Key Pointers
New Development 2024
▪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
Latest Deals in Hong Kong
Illustrative
1.7 Top Developments in Hong Kong

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

17 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
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
Top Universities in Hong Kong
for AI R&D
Key Development Areas
▪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

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

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

20 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
2023 2024F 2025F 2026F 2027F 2028F 2029F 2030F
Hong Kong Artificial Intelligence (AI) in Diagnostics Market Forecast, 2023-2030
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
3.1 Hong Kong Artificial Intelligence (AI) in Diagnostics Market Size and
Forecasts

21 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
▪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
Modality
CT-Scan
Magnetic Resonance Imaging
(MRI)
X-Ray
Ultrasound
Others
Application
Cardiology
Oncology
Pathology
Radiology
Others
End User
Hospitals
Labs
Illustrative
3.2 Snapshot of Hong Kong Artificial Intelligence (AI) in Diagnostics Market
Segmentation

22 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
▪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
Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis Share,
By Modality (2023)
CT-Scan
Magnetic
Resonance
Imaging (MRI)
Healthcare at
Home
X-Ray
Ultrasound
Others
Illustrative
3.2.1 Market Segmentation: By Modality

23 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
▪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
Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis Share,
By Application (2023)
Cardiology
Oncology
Pathology
Radiology
Others
Illustrative
3.2.2 Market Segmentation: By Application

24 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
▪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
Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis Share,
By End User (2023)
Hospitals
Labs
Illustrative
3.2.3 Market Segmentation: By End User

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

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

27 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
Illustrative
▪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
4.1 Market Growth Drivers
4.1.1 Steadily rising aging population of approximately 25% requiring early detection and accurate diagnosis
Aging Demographic in Hong Kong, (in %)
2022 2024 2026 2028 2030

28 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
▪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
Illustrative
4.1 Market Growth Drivers
4.1.2 Supportive government initiatives for AI adoption in healthcare
Initiatives Description

29 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
▪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
Illustrative
4.1 Market Growth Drivers
4.1.3 Increasing investments averaging around $10,000 in AI enterprises promotes development of new technology
Increasing AI Investments in Hong Kong, (in $)
2020 2024 2028 2032

30 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
4.2.1 Data privacy and safety concerns restricting the
collection of large amounts of medical data for AI training
▪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
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
▪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
Our analysis will thoroughly investigate the key restraints that may significantly impact business
operations and growth.
Illustrative
4.2 Market Growth Restraints

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

32 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
▪Here is the list of top 10 companies which
will cover in the final report
▪Each company will have slides for
oOverview
oKey details
oOfferings
oName of products
oRecent activities/ Press Coverage
oDistribution and Vendor Partners
oMergers, Acquisitions and
Collaboration
oFinancials
▪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
IBM1 Annalise.AI6
Siemens Healthineers2 Imsight Technology7
Philips Healthcare3 Sense Time8
GE Healthcare4 Time Medical Systems9
AliveCor5 Subtle Medical10
Illustrative
Global Players Local Players
5.1 Key Players in Hong Kong Artificial Intelligence (AI) in Diagnostics Market
Analysis

33 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
Founded In: 1911
HQ: New York, United States
Type: Public
Revenue: $60.52 Bn (Global)
Website: www.ibm.com
▪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
Solution Offerings
➢Data and AI
➢Infrastructure
➢Security
➢Sustainability
AI in Diagnostics: IBM Watson
5.1.1 IBM
▪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
▪Uses AI algorithms to analyze X-
rays, MRIs, CT scans to detect
abnormalities like tumors, fractures,
and lesions
Watson Health Imaging
▪Analyzes genomic data to identify
mutations and variations specific to a
patient aiding in diagnosing the tumor
characteristics
Watson for Genomics
▪It is a tool that synthesizes data from
a patient’s medical history, clinical
reports, and imaging studies aiding in
the diagnostic process.
Watson Patient Synopsis

34 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
Company Name Type Year Key Pointers
Partnership 2024
▪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
Latest Deals in IBM
Illustrative
5.1.1 IBM (Continued)

35 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
▪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
2020202120222023F2024F2025F2026F2027F2028F2029F2030F
Revenues ($Bn), 2020-2030
Breakdown of Net Revenue by Segment, 2023
1 2 3 4
Illustrative
5.1.1 IBM (Continued)

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

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

38 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
▪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
2020202120222023F2024F2025F2026F2027F2028F2029F2030F
Revenues ($Bn), 2020-2030
Breakdown of Net Revenue by Segment, 2023
1 2 3 4
Illustrative
5.1.2 Siemens Healthineers (Continued)

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

40 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
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
Regulatory Authorities With Jurisdiction Over Medical Devices and Artificial Intelligence (AI) In Hong Kong
6.1 Regulatory Landscape in Hong Kong

41 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
Coverage Penetration (% Total Population) Source of Funding
Spend on Healthcare (%of Current Health Expenditure)
Reimbursement Market Trends
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
▪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
38.9% 37.1% 35.6% 32.5% 31.5%
44.0%
46.0% 47.7%
51.0% 51.8%
2017 2018 2019 2020 2021 2022 2023
Government Expenditure
Private Health Insurance
Out of Pocket
Other
NA NA
100% 100% 100% 100% 100%
xx
xx xx
xx xx
2019 2020 2021 2022 2023
Public Healthcare
Coverage
Private Coverage
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)
Illustrative
6.2 Reimbursement Scenario in Hong Kong

42 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
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
6.3 Reimbursement Process

43 A Sample Report on Hong Kong Artificial Intelligence (AI) in Diagnostics Market Analysis I Confidential
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
MoH
Private Payers Public Payers
Health Technology Assessment
PaymentCoverageCoding
Coding depends on availability code while coverage and
payment process decisions are made through an HTA.
Market Authorization
1 32
Illustrative
6.3 Reimbursement Process (Continued)

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