Asia Pacific Healthcare IT Market By Application (Electronic Health Records, Clinical Information Systems, Laboratory Information Systems, Electronic Prescribing Systems, PACS, Tele-healthcare and Computerized Provider Order Entry Systems), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Healthcare IT Market would witness market growth of 9% CAGR during the forecast period (2021-2027). As the healthcare landscape is changing rapidly, the adoption of digitalization and the internet in the healthcare processes has been essential to have a superior understanding of healthcare information technologies and their influence on health communication.
In addition to it, the massive incorporation of hospitals toward healthcare IT is supported by the advantages like simple usage and saves labor, time, and space. The demand and adoption of healthcare IT are increasing across the world as healthcare IT enables the safe exchange of medical data between providers, consumers, and payers.
The Asia-pacific healthcare IT market would be boosted by the increasing demand for remote patient monitoring solutions, due to the rising geriatric population and chronic diseases. Also, there is a constant burden in hospital administration to cut down the costs while enhancing the quality of care of a patient. In such a scenario, the regional healthcare ecosystems are shifting to advanced technologies and analytics with an aim to work more effectively, support patient care, and enhance their experience.
The regional healthcare industry has witnessed massive adoption of technology in order to enhance the workflow of nursing staff. For this, hospitals are integrating nurse ID badges with an RFID tag that is connected with the Wi-Fi network of the hospital. With the help of these tags, it becomes possible to monitor the movement of the nurses during their shift hours. The data is saved and examined with the aim to give suggestions to the hospitals to make improvements in the processes. Therefore, these aspects are likely to push the further development of the regional healthcare IT market during the forecast period.
The India market dominated the Asia Pacific Electronic Prescribing Systems Market by Country in 2020, thereby, achieving a market value of $1,172.6 million by 2027. The China market is witnessing a CAGR of 11.9% during (2021 - 2027). Additionally, The Japan market is anticipated to witness a CAGR of 10.4% during (2021 - 2027).
Based on Application, the market is segmented into Electronic Health Records, Clinical Information Systems, Laboratory Information Systems, Electronic Prescribing Systems, PACS, Tele-healthcare and Computerized Provider Order Entry Systems. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include UnitedHealth Group, Inc. (Optum, Inc.), Cerner Corporation, AllScripts Healthcare Solutions, Inc., Athenahealth, Inc. (Veritas Capital), Cognizant Technology Solutions Corporation, Koninklijke Philips N.V., Epic Systems Corporation, Oracle Corporation, Conduent, Incorporated, and Infor, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Electronic Health Records
- Clinical Information Systems
- Laboratory Information Systems
- Electronic Prescribing Systems
- Computerized Provider Order Entry Systems
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- UnitedHealth Group, Inc. (Optum, Inc.)
- Cerner Corporation
- AllScripts Healthcare Solutions, Inc.
- Athenahealth, Inc. (Veritas Capital)
- Cognizant Technology Solutions Corporation
- Koninklijke Philips N.V.
- Epic Systems Corporation
- Oracle Corporation
- Conduent, Incorporated
- Infor, Inc.
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