Professional Documents
Culture Documents
20 October 2016
The cost of health care per capita has always been a major issue that can be
minimized by taking advantage of technology. Technologies, such as Big Data and
Business Intelligence, prove that data can be utilized to reduce the cost of
treatment. 8 Big data analysis is used to predict epidemics, cure disease, improve
quality of life and avoid preventable deaths, and business intelligence helps in
intuitive analysis of patient case. 9 Providing feedback Intelligence from big data to
individuals helps understanding of diseases more precisely. 10 Microsoft, a
technology expert is providing many technological products in the field of
healthcare. Collaborative utilization of these products simplifies data analysis for
big data and enables intuitive reporting. 11
With the worlds population increasing and along with the desire to living longer,
models of treatment delivery are rapidly changing, and many of the decisions
behind those changes are being driven by data. 12 The drive now is to understand
as much about a patient as possible, as early in their life as possible hopefully
picking up warning signs of serious illness at an early enough stage that treatment
is far more simple (and less expensive) than if it had not been spotted until later. 13
The government approach to safeguard the healthcare system led to introduction
of National Health Insurance (NHI), accepted in more than 90% healthcare
organizations. 14 The NHI helped in cutting the cost of healthcare expenses by
70%. 15 Japans reform of social security system made the healthcare not just
limited to medical technology and equipment, but also the investment scope for
care providers and rehabilitation service. 16 This approach is further supported by
local banks namely Chiba Bank, Mizuho Bank, and Bank of Yokohamawho
agreed to set up a healthcare fund worth 10 billion yen. 17
The below chart shows Japanese governments average spending of 3000 USD on
healthcare per capita in the last ten years (Figure 2). 18
Figure 2: Healthcare expenditure per capita in major countries
The second industry with substantial growth is the manufacturing industry. The
emergence of new countries in development, advancement of domestic market and
relative rise of domestic production cost, the Japanese companies have been
shifting toward foreign developing market, which in turn results in decreases in
manufacturing jobs within Japan. 19 New and changing environmental policies are
also causing manufacturers to shift their market outside Japan. 20
Control over corruption- Japan maintains a good control over corruption which is
a considerate factor for any investment. (Chart 1)
Labor force availability- Labor is the life line of any industry and availability of
adequate labor in Japan helps investment grow at faster rate. (Chart 2)
Unemployment rates- The unemployment rates is a measure of prevalence of
unemployment and Japans low unemployment rates states a positive social climate.
(Chart 3)
Analytic Confidence:
Analytic confidence for this assessment is moderate. The analyst used data from
highly reliable sources, in addition to a structured method of analysis (STEEP).
There was very little conflict between sources and information updated within the
last week. The analysts expertise is minimal and mainly worked alone with some
casual discussion among peers. The task complexity is extremely complex and the
time constraint was sufficient.
For questions or comments, please contact the author:
Email: info@roshankundalya.com
Tel. #: (814) 218-2256
http://www.japan.ahk.de/en/japan-info/market-trends/growth-sectors (high)
http://web-japan.org/factsheet (high)
3 http://www.tradingeconomics.com/japan/gdp-growth (high)
4 http://www.un.org/en/development/desa/population/publications/pdf/ageing/WPA2015
Report.pdf (high)
5 http://www.stat.go.jp/english/data/jinsui/tsuki/ (high)
6 http://www.mckinsey.com/industries/healthcare-systems-and-services/ourinsights/improving-japans-health-care-system (high)
7 https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3294155/ (high)
8 http://www.intel.com/content/dam/www/public/us/en/documents/white-papers/big-datahealthcare-tokyo-paper.pdf (high)
9 Ibid
10 Ibid
11 Ibid
12 https://www.fightaging.org/archives/2016/01/there-is-widespread-desire-for-extendedlongevity-provided-it-brings-more-healthy-youthful-years/
13 http://www.forbes.com/sites/bernardmarr/2015/04/21/how-big-data-is-changinghealthcare/#dd8846232d91 (high)
14 http://japanhealthinfo.com/japanese-healthcare-services/japanese-health-insurance/ (high)
15 Ibid
16 http://www.japan.ahk.de/en/japan-info/market-trends/growth-sectors/ (high)
17 http://www.investmentinjapan.com/news-and-insights/opinion/japans-healthcare-sectorproviding-opportunities/ (high)
18 World Bank Data (high)
19 http://www.meti.go.jp/english/policy/mono_info_service/overall/overview.pdf (high)
20 http://web-japan.org/factsheet/en/pdf/e45_environment.pdf (high)
21 https://www.foresight.org/Conference/MNT05/Papers/Sienko/index.html (high)
22 http://www.japan.ahk.de/en/japan-info/market-trends/growth-sectors/ (high)
23 http://www.nanotechproject.org/process/assets/files/7060/nano_pen16_final.pdf (high)
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