Healthcare Industry in APAC - IT Market Assessment 2009-2013
09 July 2010, Pages - 21
The Healthcare industry in APAC is undergoing a transformation phase, wherein countries across this region are revamping their healthcare delivery systems. Many countries like China, India, Malaysia, etc are implementing IT to automate services, digitalize medical records, and offer integrated capabilities to connect various medical devices. The focus is to optimize various healthcare business processes with the usage of varied software applications. In the future, it is likely that there will be increased usage of mobile technology and shared services model in the healthcare delivery system. Australia and China represent the highest Healthcare IT spending across the globe.
It was witnessed that even during the economic turmoil, the IT spending in healthcare in many Asian countries remained stable as it was majorly funded by government and public funds. There are a few other countries such as Taiwan, Singapore, etc., who, despite lower percentage of IT spending, provide quality healthcare services. Developing Asian countries such as China, India continue to spend huge money in the IT infrastructure development in the Healthcare industry.
IT in healthcare offers several benefits, such as providing seamless connectivity and managing information; thus, offering secure access to patient information. Further, hospitals' effort to become patient-centric, enhance patient safety and manage their resources and revenue stream in a better way continue to drive IT spending in Healthcare. In addition, increased government support to automate the healthcare delivery services offers potential growth for IT adoption in the APAC Healthcare industry.
However, there are several limitations that influence the adoption of IT in the Healthcare industry of APAC. Some of the challenges include IT regulatory compliance, integration policies, high cost of information systems, and high post sale support & maintenance expenses.
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List of Exhibits
Exhibit 2.1: Healthcare Industry in APAC – Market Size & Forecast 2009-2013 (In $billion)