Growth Opportunities in Asia-Pacific Hospital Healthcare Information Technology, 2016–2021

Growth Opportunities in Asia-Pacific Hospital Healthcare Information Technology, 2016–2021

Hospitals Investing in Health Data Continuity, Big Data, Cloud, and Data Security to Improve Patient Experience

RELEASE DATE
08-Aug-2017
REGION
Asia Pacific
Research Code: P982-01-00-00-00
SKU: HC02870-AP-MT_20570

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Description

Hospital health information technology (hospital IT) includes solutions that have a common end goal – 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.
Examples of healthcare IT solutions in scope: hospital information systems (HIS) including revenue management, financial management, human resource management, customer relationship management, knowledge management, and supply chain management systems; clinical applications including laboratory information systems (LIS), radiology information systems (RIS), picture archiving and communication systems (PACS); electronic medical records (EMR) and electronic health records (EHR), computerized physician order entry (CPOE), clinical decision support, and patient portals.

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 9.7% between 2016 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, Frost & Sullivan 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.

Key questions this study will answer:
•     What are the current trends, challenges, and drivers for hospital IT investment in APAC? What will be the most promising Growth Opportunities and key investment areas over the next five years?
•     Are the currently available solutions and vendors adequately meeting market needs? What are the gaps, if any? Are there any early market movers in this direction?
•     What will be the impact and adoption of new technologies? How will these change current industry paradigms and / or bring in new business models?
•     How are expectations from vendors changing and what are some emerging vendor selection criteria?
•     How can APAC hospitals move towards a higher level of patient-centricity? What role do vendors play in this industry shift?

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

Key Issues for Hospital IT Decision Makers in APAC

Key Issues for Hospital IT Decision Makers in APAC (continued)

Growth Opportunities in Hospital IT Across the Asia-Pacific

Market Engineering Measurements

CEO’s Perspective

Scope and Segmentation

Key Questions This Study Will Answer

Growth Opportunities in Hospital IT Across the Asia-Pacific

Growth Opportunity 1—Health Data Continuity

Growth Opportunity 1—Health Data Continuity (continued)

Growth Opportunity 1—Health Data Continuity (continued)

Growth Opportunity 1—Health Data Continuity (continued)

Growth Opportunity 1—Health Data Continuity (continued)

Growth Opportunity 2—Cloud Adoption

Growth Opportunity 2—Cloud Adoption (continued)

Growth Opportunity 2—Cloud Adoption (continued)

Growth Opportunity 2—Cloud Adoption (continued)

Growth Opportunity 2—Cloud Adoption (continued)

Growth Opportunity 2—Cloud Adoption (continued)

Growth Opportunity 3—Big Data and Analytics

Growth Opportunity 3—Big Data and Analytics (continued)

Growth Opportunity 3—Big Data and Analytics (continued)

Growth Opportunity 4—Patient Engagement

Growth Opportunity 4—Patient Engagement (continued)

Growth Opportunity 4—Patient Engagement (continued)

Growth Opportunity 4—Patient Engagement (continued)

Growth Opportunity 5—Data Security

Growth Opportunity 5—Data Security (continued)

Growth Opportunity 5—Data Security (continued)

Rising Healthcare Expenditure

Population Aging

Scarcity of Healthcare Resources

Development of Hospital Infrastructure

Therefore, Improvements in Healthcare Costs, Quality, and Access Drive IT Adoption

Market Definition and Background

Market Segmentation

Total Hospital IT Applications

Drivers and Restraints

Paradigm Shifts in Hospital IT—Improve Internal Communication & Collaboration

Paradigm Shifts in Hospital IT—Enable External Communication & Collaboration

Paradigm Shifts in Hospital IT—Need for Payer IT Integration

Paradigm Shifts in Hospital IT—Smart Hospitals

Paradigm Shifts in Hospital IT—Enabling New Industry Stakeholders to Enter the Ecosystem

Hospital IT Vendor Landscape

Hospital IT Vendor Selection Criteria

Hospital IT Vendor Selection Criteria—Implications for Vendors

Key Business Goals for Hospital IT Decision Makers

Key Business Goals for Hospital IT Decision Makers (continued)

Key Business Goals for Hospital IT Decision Makers by Region

Business Challenges Impacting IT Adoption at Hospitals

Business Challenges Impacting IT Adoption at Hospitals (continued)

Business Challenges Impacting IT Adoption at Hospitals by Region

Technical Challenges Impacting IT Adoption at Hospitals

Technical Challenges Impacting IT Adoption at Hospitals (continued)

Technical Challenges Impacting IT Adoption at Hospitals by Region

Current Hospital IT Architecture and Future Investment Plans

Current Hospital IT Architecture and Future Investment Plans (continued)

Current Hospital IT Architecture and Future Investment Plans by Region

Hospital IT Vendor Selection Criteria

Hospital IT Decision Makers’ Profile

Market Engineering Measurements

Forecast Methodology

Forecast Assumptions and Definitions

Revenue Forecast and Discussion

Revenue Forecast by Segment and Discussion

Revenue Forecast by End-user Segment and Discussion

Revenue Forecast by Segments

Percent Revenue Forecast by Region

Revenue Forecast by Region

Revenue Forecast Discussion

Industry Dynamics Impacting Hospital IT

Industry Dynamics Impacting Hospital IT (continued)

Industry Dynamics Impacting Hospital IT (continued)

Healthcare Consumer Needs in Australia

Barriers to Healthcare IT Adoption in Australia

Revenue Forecast

Revenue Forecast Summary

Growth Opportunities

Industry Dynamics Impacting Hospital IT

Industry Dynamics Impacting Hospital IT (continued)

Industry Dynamics Impacting Hospital IT (continued)

Healthcare Consumer Needs in China

Barriers to Healthcare IT Adoption in China

Revenue Forecast

Revenue Forecast Summary

Growth Opportunities

Industry Dynamics Impacting Hospital IT

Industry Dynamics Impacting Hospital IT (continued)

Industry Dynamics Impacting Hospital IT (continued)

Industry Dynamics Impacting Hospital IT (continued)

Industry Dynamics Impacting Hospital IT (continued)

Industry Dynamics Impacting Hospital IT (continued)

Healthcare Consumer Needs in India

Barriers to Healthcare IT Adoption in India

Revenue Forecast

Revenue Forecast Summary

Growth Opportunities

Industry Dynamics Impacting Hospital IT

Industry Dynamics Impacting Hospital IT (continued)

Industry Dynamics Impacting Hospital IT (continued)

Healthcare Consumer Needs in Japan

Barriers to Healthcare IT Adoption in Japan

Revenue Forecast

Revenue Forecast Summary

Growth Opportunities

Industry Dynamics Impacting Hospital IT

Industry Dynamics Impacting Hospital IT (continued)

Industry Dynamics Impacting Hospital IT (continued)

Healthcare Consumer Needs in Southeast Asia

Barriers to Healthcare IT Adoption in Southeast Asia

Revenue Forecast

Revenue Forecast Summary

Growth Opportunities

Industry Dynamics Impacting Hospital IT

Industry Dynamics Impacting Hospital IT (continued)

Industry Dynamics Impacting Hospital IT (continued)

Healthcare Consumer Needs in South Korea

Barriers to Healthcare IT Adoption in South Korea

Revenue Forecast

Revenue Forecast Summary

Growth Opportunities

Strategic Imperatives for Vendors in APAC

Legal Disclaimer

Abbreviations and Acronyms

Abbreviations and Acronyms (continued)

Abbreviations and Acronyms (continued)

Abbreviations and Acronyms (continued)

Survey of Hospital IT Decision Makers in Asia-Pacific

Survey of Hospital IT Decision Makers in Asia-Pacific (continued)

Survey of Hospital IT Decision Makers in Asia-Pacific (continued)

Survey of Hospital IT Decision Makers in Asia-Pacific (continued)

Survey of Hospital IT Decision Makers in Asia-Pacific (continued)

Survey of Hospital IT Decision Makers in Asia-Pacific (continued)

Survey of Hospital IT Decision Makers in Asia-Pacific (continued)

Survey of Hospital IT Decision Makers in Asia-Pacific (continued)

Survey of Hospital IT Decision Makers in Asia-Pacific (continued)

Survey of Hospital IT Decision Makers in Asia-Pacific (continued)

Priorities for Hospital IT Decision Makers

Business Challenges for Hospital IT Decision Makers

Technical Challenges for Hospital IT Decision Makers

Current and Future Hospital IT Installations

Future Hospital IT Investments

Future Hospital IT Investments (continued)

Hospital IT Spending

Hospital IT Demand Originators

Hospital IT Decision Makers

Hospital IT Purchase Preference

Vendor Selection Criteria

Market Engineering Methodology

Learn More—Next Steps

Related Research
Hospital health information technology (hospital IT) includes solutions that have a common end goal – 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. Examples of healthcare IT solutions in scope: hospital information systems (HIS) including revenue management, financial management, human resource management, customer relationship management, knowledge management, and supply chain management systems; clinical applications including laboratory information systems (LIS), radiology information systems (RIS), picture archiving and communication systems (PACS); electronic medical records (EMR) and electronic health records (EHR), computerized physician order entry (CPOE), clinical decision support, and patient portals. 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 9.7% between 2016 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, Frost & Sullivan 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 align
More Information
No Index No
Podcast No
Author Natasha Gulati
Industries Healthcare
WIP Number P982-01-00-00-00
Keyword 1 Healthcare IT
Keyword 2 Healthcare Information Technology
Keyword 3 APAC Healthcare IT
Is Prebook No