China’s healthcare market is growing rapidly, led by data technology

[사진=pixabay]  China

[헬스코리아뉴스 / 박민주] An analysis showed that China’s health care market is growing rapidly, driven by data technology. Considering the size of China’s economy and the ability to provide competitive wages to talented researchers, it is not expected that it will take long for the US or Europe to reach the level of innovation.

According to the Global Health Industry Trend No. 412 ‘Chinese health care, development of data-driven technology’ published by the Korea Health Industry Development Institute, the movement to transform medical research in China to data-centric science based on computer and mechanical engineering is accelerating. . This is being done based on the active policies and financial support of Chinese policy authorities and public institutions, and the academic atmosphere friendly to interdisciplinary research.

In the context of COVID-19, China is focusing on policy efforts to collect and analyze health-related information at the national level. It builds an open data platform centered on the China National Center for Bioinformation (CNCB), collects data related to COVID-19, and shares data with researchers around the world.

China is pushing ahead with long-term planning and investment based on AI, centralized health data, and a culture of collaboration among researchers. Over the past decade, China’s central government has been steadily investing in transforming China’s medical research into data-driven science. In particular, China’s unique interdisciplinary research atmosphere is a driving force that accelerates the transformation of medicine, and is acting as a factor enabling large-scale investment in the private sector as well as in the public and academic fields.

Since China’s 12th Five-Year Plan, which started in 2011, has been carried out, the amount of investment by the Chinese government in the medical informatization field has exceeded 10 billion yuan (about 1.833 trillion won), or 1.5 billion US dollars, Since 2010, research on AI has also started in earnest.

The amount invested in AI by the National Natural Science Foundation of China (NSFC) more than tripled from $4.6 billion in 2006-2010 to $19.6 billion in 2016-2020. As a result of R&D investment, the gap in R&D investment between China and the US has rapidly narrowed. According to 2019 data from the National Science Foundation (NSF), China has already overtaken the United States in terms of R&D investment.

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Currently, the Chinese government and related researchers are promoting various policies for the development of computer-based disease diagnosis. In particular, deep learning-based diagnostic technology is being promoted to solve the medical shortage situation in areas with low population density. It is expanding medical services to remote locations, such as allowing patients to receive medical treatment based on AI technology without having to visit a distant hospital and to receive basic prescriptions.

China’s largest AI company iFLYTEK has developed an AI medical support software platform used across China, providing more than 400,000 medical information to more than 30,000 medical institutions in China every day. Baidu, one of China’s largest tech giants, has contributed to accelerating local disease response and proactive preparation by developing an AI-based platform that tracks people’s movements from the beginning of the COVID-19 outbreak.

Funding for related researchers is also active, so NSFC has created a department to support a wide range of collaborative research in physics, information technology, AI, and biomedicine, with a research fund of 28.5 billion yuan (about 4,729.9 billion won) in 2020. also supported

However, in China, institutional support for personal information protection is insufficient. The Chinese government recognizes personal information as a kind of strategic asset owned by the state rather than being owned by citizens.

Given the size of China’s economy and its ability to provide competitive salaries to talented AI researchers, some experts expect it won’t be long before it reaches the level of innovation at the level of the US or Europe. In addition, it is predicted that the knowledge gap with the US and Europe will quickly narrow thanks to the ability of young Chinese researchers to acquire knowledge quickly.

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