Analysis of Healthcare IT Market Across APAC

LONDON, Sept. 17, 2014 /PRNewswire/ -- Asia-Pacific represents the fastest growing region for healthcare information technology (healthcare IT) solutions across the world. Rapidly changing demographic factors coupled with fast-moving government policies and legislations are allowing advanced IT tools to penetrate the market. These tools have the potential to change existing healthcare paradigms. In this study, Frost & Sullivan assesses how healthcare IT is impacting the healthcare consumer, process, and value chain across APAC.MethodologyData presented in this research was gathered through the following processes:-In-depth interviews conducted with healthcare information technology (IT) vendors; hospital IT management and staff, and key opinion leaders (KOLs)-Secondary research conducted using Frost & Sullivan proprietary content as well as publicly available sources of information, such as government website; academic and trade journals, and online media.-Market size and forecasts were developed using Frost & Sullivan proprietary forecasting tools. Detailed methodology and forecast assumptions are included in the following section.Key Findings-Healthcare IT across APAC is at the stage of fundamentally transforming the healthcare industry by impacting care delivery, consumers and the value chain.-Public-private partnerships that enable vendors, particularly multinationals, to secure large-scale strategic implementations are emerging as a game-changing market strategy in the region.Impact of IT on Care Delivery-Emergence of digital hospitals-Growing importance of providing, connecting and enhancing home and community care-Emergence of online payment and self-claim solutions for healthcare services-Increasing reliance on predictive solutions to improve health across individuals to populationsImpact of IT on Care Consumers-Highest priority is now being given to improving customer experience and engagement through IT solutions-Increasing emphasis on moving health data from hospitals into the hands of consumers-Urgent need across countries to radically amend legislation to support the above transitionsImpact of IT on Care Value Chain-Increasing collaboration between payers, providers and industry suppliers, particularly in terms of information sharing-Increasing use of real-world data to support clinical trials and evidence-based research, pricing, release and legislation-Increasing demand for vendor and platform agnostic solutions

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