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
08-Aug-2017
Asia Pacific
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
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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
Popular Topics
No Index | No |
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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 |