Growth Opportunities in Asia-Pacific Hospital Healthcare Information Technology Market 2017-2021
Hospital health information technology (hospital IT) includes solutions that have a common end goal â€“to improve the quality of in-patient care while reducing cost. For the purpose of this report, the hospital IT market consists of software, solutions, and maintenance services but does not include hardware.
The market is segmented into clinical information systems and administrative and financial information systems.
This report covers the analysis of Healthcare IT market based on three categories: product type, end user, and geography. Based on product type, Healthcare Information Technology market is further classified into three types, namely healthcare provider solutions (clinical and non-clinical solutions), health care payer solutions (pharmacy analysis &audit, claims management, fraud management, computer-assisted coding systems, payment management, provider network management, member eligibility management, customer relationship management, medical document management, and others), and Healthcare IT outsourcing services (provider HCIT outsourcing services, payer HCIT outsourcing services, operational HCIT outsourcing services, and IT infrastructure management services).
The hospital IT market in Asia-Pacific (APAC) is the fastest growing amongst all regions globally, expanding at a compound annual growth rate (CAGR) of XX% between 2017 and 2021. However, several healthcare industry transformations in the region are creating demand for solution and business model innovation that will truly help care delivery in APAC become more patient-centric and customer-focused.
While quality of care is of utmost importance, improving patient satisfaction, creating world-class patient-experience, and enhancing organizational productivity are emerging goals that hospital IT decision makers are aiming for.
To granularly understand the challenges, demands, unmet needs, and vendor preferences of hospital IT decision makers in APAC, KMI conducted an online survey that gathered 73 responses from both public and private institutions. Results of the survey were then discussed with local and multinational vendors across the region to understand how they were aligning their growth strategy in response to the observed market dynamics.
The combination of demand-side and supply-side research revealed that IT investment in the next five years will be focused on improving health data continuity, utilizing Big Data & Analytics, cloud deployments, and data security systems.
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