Future of Electronic Medical Record and Electronic Health Record in Asia-Pacific, Forecast to 2023

Future of Electronic Medical Record and Electronic Health Record in Asia-Pacific, Forecast to 2023

Product Innovation is the Answer for Sustainability in a Dynamic Market

RELEASE DATE
21-Aug-2018
REGION
Asia Pacific
Research Code: PA17-01-00-00-00
SKU: HC03068-AP-MR_22243

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Description

The governments and providers in Asia-Pacific (APAC) are focused on reducing medical expenses while improving population health and well-being. A shortage of medical professionals is seen across multiple specialties in various APAC countries; moreover, clinicians are concentrated in urban areas leading to disproportionate clinician–to-patient ratios in many areas. To address these challenges, APAC has been investing in healthcare digitalization to increase efficiency, reduce expenses, and automate/eliminate redundant processes. As a result, the adoption of IT is spurring a new wave of development across both public and private hospitals in APAC. The most notable of the IT upgrades are the Electronic Medical Record (EMR) and Electronic Health Record (EHR) technologies.

On one hand, an EMR is a legal, digitized record of all encounters an individual has with a particular healthcare provider, supported by one or more of the following applications: clinical data repository (CDR), clinical decision support system (CDSS), controlled medical vocabulary (CMV) and/or computerized physician order entry (CPOE). On the other hand, an EHR is a legal, digital record of all encounters that an individual has with possibly all the healthcare provider organizations within a community, state, or region.

This research identified the growing emphasis on patient experience, increasing emphasis on evidence-based care, increasing demand for Population Health Management (PHM) and competition amongst healthcare providers as the top four industry transformations driving EMR and EHR adoption in this region. According to HIMSS APAC, 42 hospitals in the region have achieved Stage 6, and 8 hospitals have achieved Stage 7. More hospitals are moving in the same direction.

However, significant investments in EMR, particularly from the public sector, have received widespread criticism from APAC due to the below-expectation returns that they have generated in the past. A key reason for this is the inadequate integration of diverse systems and lack of attention to system interoperability. Therefore, despite investing in the best of solutions healthcare, providers are unable to reap the benefits because they are not able to streamline workflows and gain efficiencies in organizational processes. System interoperability has emerged as a top priority amongst several governments and efforts are being made in this direction by governments, not-for-profit organizations and the private sector. This research also identified poor user interface, cost management and lack of robust training as the top challenges and unmet needs amongst healthcare providers. The report also suggests potential solutions that the EMR/EHR vendors can consider to address the emerging market needs.

New technologies such as telehealth, artificial intelligence, and open API continue to make way into the healthcare systems as they hold potentials to further improve clinical and operational efficiencies. These technologies are either capturing clinically significant patient data or leveraging patient data for analysis; both require seamless integration with the EMR/EHR systems.

Market development across APAC has been extremely uneven and countries stand at varying levels of adoption and sophistication of EMR and EHR. While developed nations such as Australia, Singapore, Japan, Hong Kong are exploring solutions that help analyze health data to support predictive population health management, developing markets such as Malaysia, Indonesia and Thailand are still focusing on improving their information capture systems.


Research Highlights

This report identified key trends shaping the future EMR /EHR market in this region as well as in individual countries and highlight growth opportunities for EMR/EHR vendors. The private sector in APAC will continue to present greater potential as it has the budget to invest in innovative EMRs. Private hospitals will invest in providing high-quality care enabled by technology to attract patients. Japan and China present the greatest opportunity, followed by Australia. These countries are innovating in this space and have a high number of hospital base. South Korea contributes the highest percentage of regional revenue concentrated with local players and it has stringent regulation on data sharing outside of the hospital.

Key Conclusion

In the next 5 year, EMR vendors in APAC will compete by offering different EMR software packages for developed and developing nations: highly scalable and affordable EMR packages for developing nations and sophisticated EMR packages for developed nations.

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Executive Dashboard

Market Overview and Key Findings

Frost & Sullivan Radar

Emerging Growth Opportunities and Competitive Strategies

Critical Success Factors

Scope and Segmentation

Market Definitions

Market Segmentation

EMR Penetration and Adoption Rates Across APAC

Industry Transformations Driving EMR and EHR Adoption

Challenges and Unmet Needs Amongst End Users

Future of EMR and EHR in APAC

Evolution of Data Sources and Applications

Evolution of Data Ownership

New Technologies Being Introduced by Vendors

Service Bundle Evolution

Emerging Industry Partnerships and Business Models

Frost & Sullivan Radar

Evolution of EMR Vendors in APAC

Emerging Competitive Advantages

Emerging Growth Opportunities and Competitive Strategies

Critical Success Factors

Legal Disclaimer

APAC EMR and EHR Market Revenue by Sector

APAC EMR and EHR Market Revenue by Segment

Australia EMR and EHR Market Revenue by Sector

Australia EMR and EHR Market Revenue by Segment

China EMR and EHR Market Revenue by Sector

China EMR and EHR Market Revenue by Segment

Hong Kong EMR and EHR Market Revenue by Sector

Hong Kong EMR and EHR Market Revenue by Segment

India EMR and EHR Market Revenue by Sector

India EMR and EHR Market Revenue by Segment

Japan EMR and EHR Market Revenue by Sector

Japan EMR and EHR Market Revenue by Segment

Singapore EMR and EHR Market Revenue by Sector

Singapore EMR and EHR Market Revenue by Segment

South Korea EMR and EHR Market Revenue by Sector

South Korea EMR and EHR Market Revenue by Segment

Rest of APAC EMR and EHR Market Revenue by Sector

Rest of APAC EMR and EHR Market Revenue by Segment

Detailed Exhibits

List of Exhibits

List of Figures
  • 1. Total EMR and EHR Market: EMR Penetration and Adoption Trends, APAC, 2017–2023
  • 2. Total EMR and EHR Market: New Technology Integration Heatmap by Country, APAC, 2018
  • 3. Total EMR and EHR Market: Recent Partnerships and Industry Collaboration, APAC, 2018
  • 4. Total EMR and EHR Market: Revenue Forecast by Country, APAC, 2017–2023
  • 5. EMR and EHR Market: Market Snapshot by Sector and Segment, Australia, 2017–2023
  • 6. EMR and EHR Market: Market Snapshot by Sector and Segment, China, 2017–2023
  • 7. EMR and EHR Market: Market Snapshot by Sector and Segment, Hong Kong, 2017–2023
  • 8. EMR and EHR Market: Market Snapshot by Sector and Segment, India, 2017–2023
  • 9. EMR and EHR Market: Market Snapshot by Sector and Segment, Japan, 2017–2023
  • 10. EMR and EHR Market: Market Snapshot by Sector and Segment, Singapore, 2017–2023
  • 11. EMR and EHR Market: Market Snapshot by Sector and Segment, South Korea, 2017–2023
  • 12. EMR and EHR Market: Market Snapshot by Sector and Segment, Rest of APAC, 2017–2023
  • 13. Total EMR and EHR Market: Penetration Rate by Segment and Region, APAC, 2017–2023
  • 14. Total EMR and EHR Market: Penetration Rate by Segment and Region, APAC, 2017–2023
List of Charts
  • 1. Total EMR and EHR Market: Frost & Sullivan Research Methodology, APAC, 2017
  • 2. Total EMR and EHR Market: Market Segmentation, APAC, 2017
  • 3. Total EMR and EHR Market: Country Maturity in Terms of Data Sources Feeding into EMRs and EHRs, APAC, 2018
  • 4. Total EMR and EHR Market: Revenue Forecast by Sector, APAC, 2017–2023
  • 5. Total EMR and EHR Market: Revenue Forecast by Segment, APAC, 2017–2023
  • 6. EMR and EHR Market: Revenue Forecast by Sector, Australia, 2017–2023
  • 7. EMR and EHR Market: Revenue Forecast by Segment, Australia, 2017–2023
  • 8. EMR and EHR Market: Revenue Forecast by Sector, China, 2017–2023
  • 9. EMR and EHR Market: Revenue Forecast by Segment, China, 2017–2023
  • 10. EMR and EHR Market: Revenue Forecast by Sector, Hong Kong, 2017–2023
  • 11. EMR and EHR Market: Revenue Forecast by Segment, Hong Kong, 2017–2023
  • 12. EMR and EHR Market: Revenue Forecast by Sector, India, 2017–2023
  • 13. EMR and EHR Market: Revenue Forecast by Segment, India, 2017–2023
  • 14. EMR and EHR Market: Revenue Forecast by Sector, Japan, 2017–2023
  • 15. EMR and EHR Market: Revenue Forecast by Sector, Singapore, 2017–2023
  • 16. EMR and EHR Market: Revenue Forecast by Segment, Singapore, 2017–2023
  • 17. EMR and EHR Market: Revenue Forecast by Sector, South Korea, 2017–2023
  • 18. EMR and EHR Market: Revenue Forecast by Segment, South Korea, 2017–2023
  • 19. Total EMR and EHR Market: Revenue Forecast by Sector, Rest of APAC, 2017–2023
  • 20. Total EMR and EHR Market: Revenue Forecast by Segment, Rest of APAC, 2017–2023
  • 21. Total EMR and EHR Market: Revenue Share by Country, APAC, 2017–2023
  • 22. Total EMR and EHR Market: Revenue Breakdown by Segment, APAC, 2017 and 2023
Related Research
The governments and providers in Asia-Pacific (APAC) are focused on reducing medical expenses while improving population health and well-being. A shortage of medical professionals is seen across multiple specialties in various APAC countries; moreover, clinicians are concentrated in urban areas leading to disproportionate clinician–to-patient ratios in many areas. To address these challenges, APAC has been investing in healthcare digitalization to increase efficiency, reduce expenses, and automate/eliminate redundant processes. As a result, the adoption of IT is spurring a new wave of development across both public and private hospitals in APAC. The most notable of the IT upgrades are the Electronic Medical Record (EMR) and Electronic Health Record (EHR) technologies. On one hand, an EMR is a legal, digitized record of all encounters an individual has with a particular healthcare provider, supported by one or more of the following applications: clinical data repository (CDR), clinical decision support system (CDSS), controlled medical vocabulary (CMV) and/or computerized physician order entry (CPOE). On the other hand, an EHR is a legal, digital record of all encounters that an individual has with possibly all the healthcare provider organizations within a community, state, or region. This research identified the growing emphasis on patient experience, increasing emphasis on evidence-based care, increasing demand for Population Health Management (PHM) and competition amongst healthcare providers as the top four industry transformations driving EMR and EHR adoption in this region. According to HIMSS APAC, 42 hospitals in the region have achieved Stage 6, and 8 hospitals have achieved Stage 7. More hospitals are moving in the same direction. However, significant investments in EMR, particularly from the public sector, have received widespread criticism from APAC due to the below-expectation returns that they have generated in the past. A key reason for this is t
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Table of Contents | Executive Summary~ || Executive Dashboard~ || Market Overview and Key Findings~ || Frost & Sullivan Radar~ || Emerging Growth Opportunities and Competitive Strategies~ || Critical Success Factors~ || Scope and Segmentation~ | Analysis of the Growth Environment~ || Market Definitions~ || Market Segmentation~ || EMR Penetration and Adoption Rates Across APAC~ || Industry Transformations Driving EMR and EHR Adoption~ || Challenges and Unmet Needs Amongst End Users~ | Visioning Scenarios~ || Future of EMR and EHR in APAC~ || Evolution of Data Sources and Applications~ || Evolution of Data Ownership~ || New Technologies Being Introduced by Vendors~ || Service Bundle Evolution~ || Emerging Industry Partnerships and Business Models~ | Competitive Landscape~ || Frost & Sullivan Radar~ || Evolution of EMR Vendors in APAC~ || Emerging Competitive Advantages~ | Growth Opportunities~ || Emerging Growth Opportunities and Competitive Strategies~ || Critical Success Factors~ || Legal Disclaimer~ | Appendix~ || APAC EMR and EHR Market Revenue by Sector~ || APAC EMR and EHR Market Revenue by Segment~ || Australia EMR and EHR Market Revenue by Sector~ || Australia EMR and EHR Market Revenue by Segment~ || China EMR and EHR Market Revenue by Sector~ || China EMR and EHR Market Revenue by Segment~ || Hong Kong EMR and EHR Market Revenue by Sector~ || Hong Kong EMR and EHR Market Revenue by Segment~ || India EMR and EHR Market Revenue by Sector~ || India EMR and EHR Market Revenue by Segment~ || Japan EMR and EHR Market Revenue by Sector~ || Japan EMR and EHR Market Revenue by Segment~ || Singapore EMR and EHR Market Revenue by Sector~ || Singapore EMR and EHR Market Revenue by Segment~ || South Korea EMR and EHR Market Revenue by Sector~ || South Korea EMR and EHR Market Revenue by Segment~ || Rest of APAC EMR and EHR Market Revenue by Sector~ || Rest of APAC EMR and EHR Market Revenue by Segment~ || Detailed Exhibits~ || List of Exhibits~ | The Frost & Sullivan Story~
List of Charts and Figures 1. Total EMR and EHR Market: EMR Penetration and Adoption Trends, APAC, 2017–2023~ 2. Total EMR and EHR Market: New Technology Integration Heatmap by Country, APAC, 2018~ 3. Total EMR and EHR Market: Recent Partnerships and Industry Collaboration, APAC, 2018~ 4. Total EMR and EHR Market: Revenue Forecast by Country, APAC, 2017–2023~ 5. EMR and EHR Market: Market Snapshot by Sector and Segment, Australia, 2017–2023~ 6. EMR and EHR Market: Market Snapshot by Sector and Segment, China, 2017–2023~ 7. EMR and EHR Market: Market Snapshot by Sector and Segment, Hong Kong, 2017–2023~ 8. EMR and EHR Market: Market Snapshot by Sector and Segment, India, 2017–2023~ 9. EMR and EHR Market: Market Snapshot by Sector and Segment, Japan, 2017–2023~ 10. EMR and EHR Market: Market Snapshot by Sector and Segment, Singapore, 2017–2023~ 11. EMR and EHR Market: Market Snapshot by Sector and Segment, South Korea, 2017–2023~ 12. EMR and EHR Market: Market Snapshot by Sector and Segment, Rest of APAC, 2017–2023~ 13. Total EMR and EHR Market: Penetration Rate by Segment and Region, APAC, 2017–2023~ 14. Total EMR and EHR Market: Penetration Rate by Segment and Region, APAC, 2017–2023~| 1. Total EMR and EHR Market: Frost & Sullivan Research Methodology, APAC, 2017~ 2. Total EMR and EHR Market: Market Segmentation, APAC, 2017~ 3. Total EMR and EHR Market: Country Maturity in Terms of Data Sources Feeding into EMRs and EHRs, APAC, 2018~ 4. Total EMR and EHR Market: Revenue Forecast by Sector, APAC, 2017–2023~ 5. Total EMR and EHR Market: Revenue Forecast by Segment, APAC, 2017–2023~ 6. EMR and EHR Market: Revenue Forecast by Sector, Australia, 2017–2023~ 7. EMR and EHR Market: Revenue Forecast by Segment, Australia, 2017–2023~ 8. EMR and EHR Market: Revenue Forecast by Sector, China, 2017–2023~ 9. EMR and EHR Market: Revenue Forecast by Segment, China, 2017–2023~ 10. EMR and EHR Market: Revenue Forecast by Sector, Hong Kong, 2017–2023~ 11. EMR and EHR Market: Revenue Forecast by Segment, Hong Kong, 2017–2023~ 12. EMR and EHR Market: Revenue Forecast by Sector, India, 2017–2023~ 13. EMR and EHR Market: Revenue Forecast by Segment, India, 2017–2023~ 14. EMR and EHR Market: Revenue Forecast by Sector, Japan, 2017–2023~ 15. EMR and EHR Market: Revenue Forecast by Sector, Singapore, 2017–2023~ 16. EMR and EHR Market: Revenue Forecast by Segment, Singapore, 2017–2023~ 17. EMR and EHR Market: Revenue Forecast by Sector, South Korea, 2017–2023~ 18. EMR and EHR Market: Revenue Forecast by Segment, South Korea, 2017–2023~ 19. Total EMR and EHR Market: Revenue Forecast by Sector, Rest of APAC, 2017–2023~ 20. Total EMR and EHR Market: Revenue Forecast by Segment, Rest of APAC, 2017–2023~ 21. Total EMR and EHR Market: Revenue Share by Country, APAC, 2017–2023~ 22. Total EMR and EHR Market: Revenue Breakdown by Segment, APAC, 2017 and 2023~
Author Shalani Andria
Industries Healthcare
WIP Number PA17-01-00-00-00
Is Prebook No
GPS Codes 9600-B1,9612-B1,99BC-B1,9B07-C1