Asia-Pacific Healthcare IT Market to be Worth $153.70 Billion by 2030
Asia-Pacific
Healthcare IT Market to be Worth $153.70 Billion by 2030
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Meticulous Research®—a leading global
market research company, published a research report titled, ‘Asia-Pacific Healthcare IT
Market by Product [{EMR, EHR, RCM, PACS, mHealth, RIS, Telehealth,
SCM, Healthcare Analytics, HIE}, Component {Software, Service}, Delivery Mode
{Web, Cloud}, End User {Hospitals, Homecare, Pharmacies, Ambulatory}] -
Forecast to 2030.’
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According to this latest publication from
Meticulous Research®, the Asia-Pacific healthcare IT market is projected to reach
$153.70 billion by 2030, at a CAGR of 20.2% during the forecast period. The
growth of the Asia-Pacific healthcare IT market is mainly attributed to
advancing value-based care in the Asia-Pacific region, increasing awareness
about digital health, rising use of big data in healthcare management, high
return on IT investment in the Healthcare industry, and supportive government
initiatives for healthcare IT. In addition, the rising adoption of AI and IoT
in healthcare and the growing adoption of cloud-based solutions are expected
to offer better growth opportunities for market expansion. However, high
installation and maintenance costs are expected to restrain the growth of this
market to some extent.
Key Players
The key players profiled in the Asia-Pacific
healthcare IT market are Cerner Corporation (U.S.), McKesson Corporation
(U.S.), International Business Machine Corporation (IBM) (U.S.), Allscripts
Healthcare Solutions, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), GE
HealthCare Technologies Inc. (U.S.), athenahealth, Inc. (U.S.), Optum, Inc.
(U.S.), Dell Technologies Inc. (U.S.), Oracle Corporation (U.S.), Infor, Inc.
(U.S.), Cognizant Technology Solutions Corporation (U.S.), Nuance
Communications, Inc. (U.S.), eClinicalWorks (U.S.), NextGen Healthcare, Inc.
(U.S.), Computer Programs and Systems, Inc. (U.S.), Conifer Health Solutions,
LLC. (U.S.), and 3M Company (U.S.).
Asia-Pacific Healthcare IT
Market: Future Outlook
The Asia-Pacific Healthcare IT market is
segmented by Product [{Healthcare IT Provider, Healthcare Payer Solutions,
HCIT Outsourcing}, by Delivery Mode {Web & Cloud-Based, On-Premise}, by
Component {Services, Software, Hardware}, by End User {Healthcare Providers,
Healthcare Payers}], and Country. The study also evaluates industry
competitors and analyzes their market share at the country level.
Among all the product types
studied in the report, in 2023, the healthcare IT provider
solutions segment is expected to account for the largest share of the
Asia-Pacific healthcare IT market. The healthcare IT provider solutions
segment is further segmented into clinical and non-clinical healthcare IT
solutions. In 2023, the clinical HCIT solutions segment accounted for the
largest share of the healthcare IT provider solutions market. Factors such as
a growing focus on patient safety & care, increasing demand for integrated
healthcare systems, and changing regulatory requirements for healthcare
providers are contributing the largest share of this market.
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Among all the delivery modes
studied in the report, in 2023, the web & cloud-based
segment is expected to account for the largest share of the Asia-Pacific
healthcare IT market. Factors such as flexibility of working from remote
areas, affordability, automated updating features, less capital investment,
and limited requirement of IT resources are driving the growth of the segment.
Among all the components
studied in the report, in 2023, the services segment is expected to
account for the largest share of the Asia-Pacific healthcare IT market.
Factors contributing to the large market share of this segment include the
increasing need to reduce healthcare costs, the growing installation of
digital solutions, and increasing demand for healthcare services across the
region are the key factors contributing to the largest share of the market.
Among all the end users
studied in the report, in 2023, the healthcare providers segment is
expected to account for the largest share of the Asia-Pacific healthcare IT
market. Factors contributing to the large market share of this segment include
the expansion of tertiary/specialty care hospitals, increasing investments
& regulatory, growing incidences of chronic diseases, increasing demand
for quality healthcare, and growing healthcare infrastructure in the region
are expected to drive the segment’s growth.
Among all the countries
studied in the report, in 2023, China is expected to account
for the largest share of the Asia-Pacific healthcare IT market. Factors such
as large investments in healthcare infrastructure improvement over the years,
the country’s strong growth in urbanization and economic expansion, growing
purchasing power, and rising healthcare spending are expected to drive the
market in the country. Healthcare spending in China reached approximately USD
583.43 million by 2020. This was primarily fueled by increasing per capita
incomes, growing healthcare spending, and government healthcare reforms.
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Key questions answered in
the report:
· What are
the high-growth market segments regarding product, delivery mode, component,
end user, and country?
· What was
the historical market for healthcare IT solutions in Asia-Pacific?
· What are
the market forecasts and estimates for 2023–2030?
· What are
the major drivers, restraints, challenges, and opportunities in the
Asia-Pacific healthcare IT market?
· Who are
the major players in the Asia-Pacific healthcare IT market?
· What is
the competitive landscape like, and who are the market leaders in the
Asia-Pacific healthcare IT market?
· What are
the recent developments in the Asia-Pacific healthcare IT market?
· What
strategies are adopted by the major players in the Asia-Pacific healthcare IT
market?
· What are
the geographical trends and high-growth countries?
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