Asia Pacific Healthcare IT Market

APAC Healthcare IT Market Size (2023 to 2028)

The healthcare IT market in the Asia-Pacific region is anticipated to grow at a CAGR of 7.2% during the forecast period.

The growing trend of paperless technology, increasing government programs in healthcare IT sectors, cloud services adoption, and chronic disease prevalence majorly propel the growth of the APAC market growth. Besides, sustainable growth of the economy over the past two decades, key government policies in effect, increased IT capabilities & outsourcing, increased incidences of chronic diseases, the advent of big data in healthcare, and improvements in the results of medical processes are further contribute to the growth rate of the APAC healthcare IT market.

The growing adoption of electronic health records (EHR) across the countries of the APAC region is also contributing to the growth of the APAC healthcare IT market. EHRs have become essential in healthcare technology to facilitate the storage, retrieval and sharing of medical data through computer and telecommunications systems. The growing penetration of information technology in the healthcare industry and increasing focus on healthcare companies to develop various healthcare-related technologies further fuel the growth rate of the APAC market. Advanced technologies such as artificial intelligence, robotic technology, sensors, and machine learning have greatly improved the workflow of devices, leading to better patient treatment and more accurate report results. In addition, the increasing government support and investments made by both public and private sectors boost regional market growth. Furthermore, the approval of novel devices and applications has also contributed to the growth of the market.

The growing demand for preventive care is another key attribute that promotes the growth rate of the APAC market and this trend is particularly evident as preventive care enables early detection of chronic diseases such as cancer, diabetes, heart-related ailments, arthritis and hypertension. Various preventive care measures, including regular check-ups, screening tests, and diagnostics, aid in identifying diseases before they manifest fully. This underscores the importance of preventive care in curbing the rising incidence of chronic diseases. As such, there is a need for healthcare providers to invest in healthcare IT solutions to improve the provision of preventive care services.

Lack of IT expertise among healthcare professionals is one of the key factors hampering the growth of the APAC healthcare IT market. Issues of data security and privacy is another major factor hindering the regional market growth. The increasing patient population results in an increasingly vast amount of data which is difficult to access for the required information, which is another significant factor impeding the growth rate of the APAC market. Furthermore, the high cost of IT solutions and devices, the high cost of installation and management, the lack of skilled professionals, and cyber-attacks showcase a negative impact on the growth rate of the APAC market.

This research report on the APAC Healthcare IT Market has been segmented & sub-segmented the Europe Healthcare IT Market into the following categories:

By Type: 

• EHR (Electronic Health Record)
• RIS (Radiology Information Systems)
• PACS (Picture Archiving and Communication System)
• VNA (Vendor Neutral Archive)
• CPOE (Computerized Provider Order Entry)
• HIE (Healthcare Information Exchange)
• Telehealth
• Healthcare Analytics
• Fraud Management
• Claims Management

By Component:

• Services
• Software
• Hardware

By End-user:

• Healthcare Providers
• Payers
• Others

By Country: 

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

The Asia Pacific healthcare IT market accounted for a substantial share of the global market in 2022 and is expected to occupy a decent occupant in the worldwide market throughout the forecast period. China led the market in 2022 in this region and is expected to grow considerably during the forecast period due to factors such as the increasing number of healthcare IT sectors, rising adoption of advanced technology, and growing focus on patients' safety in the region. The region's healthcare providers are leveraging healthcare IT solutions to make informed and timely decisions, thus reducing risk to patients and the public.

India is another noteworthy regional market in APAC and is anticipated to register a healthy CAGR during the forecast period owing to the rising adoption of digital technology in healthcare, increasing aging population and rising prevalence of chronic diseases, necessitating the collection and management of large volumes of health data to deliver effective treatment. Remote patient monitoring devices have emerged as a key tool for older patients, allowing for the recording and transmission of patient data to healthcare providers for better treatment outcomes. Furthermore, the Covid-19 pandemic has accelerated the adoption of digital health technologies in India and China to curb the spread of the virus. The Indian government has introduced regulations and standards for digital health and personal data protection, enabling people to adopt telehealth and other online treatment options through video or audio consultations with healthcare providers.

Japan is a lucrative regional market for healthcare IT in APAC and is expected to register a promising CAGR during the forecast period. Japan has ramped up its investments in healthcare information technologies to modernize its healthcare sector, minimize manual errors, and reduce the mortality rate.

KEY MARKET PLAYERS:

Companies such as Cerner Corporation, Oracle Corporation, Mckesson Corporation, Philips Healthcare, Novarad Corporation, GE Healthcare, Carestream Health, eClinicalworks, EPIC Systems Corporation, Siemens Healthcare (Siemens AG), Athenahealth Inc., and Allscripts Healthcare Solutions, Inc. are playing a vital role in the APAC Healthcare IT Market.