Transform or Perish: Are you Building a Thriving Healthcare Organization in a Dynamic Landscape?
Precision health, powered by the digital revolution, is the beacon of hope in the rapidly changing healthcare landscape. It promises to usher in an era of proactive, personalized, and preventive healthcare, transforming the industry forever. With advancements in artificial intelligence, machine learning, and big data analytics, precision health has the potential to revolutionize how we diagnose, treat, and manage diseases. From genomics and proteomics to digital therapeutics and telehealth, precision health is a tsunami of innovation that will reshape the healthcare landscape.
• How is your organization preparing to adapt to this changing landscape, and capitalize on the opportunities it presents?
• How does your organization plan to position itself at the forefront of the innovation in precision health?
The use cases for precision health are vast and varied, with the potential to impact every aspect of healthcare. Imagine a future where wearable devices continuously monitor our health parameters, providing real-time feedback and predictive insights to prevent diseases before they manifest. Imagine a world where telemedicine enables remote consultations with specialists, breaking down geographical barriers and expanding access to quality care for underserved populations. Imagine a healthcare system where data-driven algorithms identify high-risk individuals and develop personalized interventions to mitigate their health risks. Precision health has the power to transform healthcare from a reactive, one-size-fits-all model to a proactive, patient-centric approach that empowers individuals to take control of their health and well-being.
• What strategies are you implementing to harness the potential of wearables, telemedicine, and data-driven algorithms for precision health?
• How are you utilizing telemedicine to break down geographical barriers and increase access to quality care?
• How are you addressing potential resistance to change and complacency within your organization to ensure you're not left behind?
DNAnexus: Accelerating Precision Medicine through Cutting-Edge Genomics Informatics
DNAnexus has achieved remarkable success by addressing the critical demand for merging genomic and phenotypic data in drug discovery research. By seamlessly integrating with cloud architectures like Amazon Web Services and Microsoft Azure, the company has become a driving force in precision medicine research. Its innovative cloud-based platform empowers researchers to efficiently process massive volumes of raw sequence data, transforming it into actionable, high-quality genomic insights. With extreme-scale storage, sharing, and data processing capabilities, DNAnexus has become the go-to solution for genomics, multi-omics, phenotypic, and biomedical data, revolutionizing healthcare, and pharma applications. In recognition of its remarkable achievements, DNAnexus was honoured with the prestigious Global Enabling Technology Leadership Award by Frost & Sullivan in 2019.
From Missed Opportunity to Action: Bridging Growth Gap for Healthcare Transformation
The healthcare industry is at a crucial moment, but there are significant growth gaps that need urgent attention to unlock immense benefits to patient outcomes and healthcare efficiencies. The gap between the Serviceable Available Market (SAM) and the Total Addressable Market (TAM) is staggering, and it requires immediate action to close.
For instance, consider the following growth opportunities:
Remote Patient Monitoring Solutions
• SAM: $5-8 billion
• TAM: $85 billion
Exogenous Factors & Lifestyle Monitoring
• SAM: $3-5 billion
• TAM: $100-120 billion
Molecular & Clinical Decision Support Systems
• SAM: $8-10 billion
• TAM: $10-15 billion
*SAM - Serviceable Available Market Opportunity (in USD billion by 2025)
*TAM - Total Available Market Opportunity (in USD billion by 2025)
Source – Frost & Sullivan, “Global Precision Health Growth Opportunities, Forecast to 2025”
• What growth opportunities do you envision for your organization, and how is your company positioning itself to capitalize on them?
• How is your organization planning to address the growth gap, and what steps are being taken to prepare for future growth?
• Does your organization have a growth pipeline in place, and what specific initiatives are being pursued to drive expansion?
Unlocking New Growth Potential
The growth pipeline is the lifeblood of any business, and it is time to level up. The growth gap is filled with untapped possibilities that demand unprecedented transformation. The universe of opportunities is vast, teeming with potential, waiting to be seized by those with vision and ambition. But we must not stop there. Opportunity evaluation is not a casual stroll in the park; it requires rigorous pursuit of excellence, where every prospect is scrutinized with laser precision. You will need go-to-market strategies that demand a strategic mindset and a well-orchestrated plan to capture the hearts and minds of customers. Once you set your sights on the right strategies, planning and implementation will not be for the faint of heart; it's a battlefield where meticulous execution and unwavering determination prevail. And let's not forget about monitoring and optimization - the relentless pursuit of perfection, where data-driven insights and continuous improvement serve as the guiding stars.
• Have you aligned your organization's vision and ambition with the vast universe of opportunities presented by the growth gap?
• Have you created go-to-market strategies that’s ready for maximum impact?
Join us, and together, let us embark on this transformational journey!
Welcome to a path of exploration, discovery, and growth. Together, we will confront the challenges and opportunities that lie ahead with unwavering curiosity and determination. But this is not a passive journey. Each member of our expedition will actively engage, discuss, share, and collaborate. We will create a safe space for open dialogue, where ideas can flourish, and new possibilities can take root. Together, we will co-create strategies that challenge the status quo and embrace the unknown.
As we journey into the future, we will confront these pressing questions:
• What strategies or initiatives do you have in place to prepare your company for the major transformations that are expected?
• What partnerships or collaborations have you established or are considering enhancing your company's capabilities?
• Are you taking proactive steps to ensure that your teams are aligned and equipped with the necessary skills and knowledge to adapt to the changing landscape of data analytics?
Our transformation journey is fuelled by four powerful components, ensuring your success in navigating the ever-changing landscape of healthcare industry:
Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.
Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
Join Frost & Sullivan's Growth Council and gain access to think tanks focused on the transformational growth strategies of the healthcare & life sciences industry.
Designate your company as a Company to Action to increase exposure to investors, new M&A opportunities, and other growth prospects for your business.
Act now to thrive in the face of industry transformation!