With the aim of drawing a clear picture of healthcare IT spend in Asia Pacific region (excluding Japan), IDC released a new report entitled “The new Asia/Pacific (excluding Japan) Healthcare IT Sector Spending Forecast and Trends, 2017-2022”. The report shows that Asia/Pacific healthcare IT sector spending is forecast to increase from USD 12.2 billion in 2019 to USD 14.9 billion by 2022, at a CAGR of 7%. This IDC analysis report scans the regional trends and draws a picture, detailing the emerging trends in various countries aligning with their respective spending forecasts.
The report details the overall healthcare IT spend data, where China and Australia lead the game with 71% of the total IT spending. It also covers an overview of potential countries in the region by carrying out per Capita analysis and provides clarity on the type of approach to be adopted by organizations to effectively tap country potential.
Governments in 'Leaders' and ‘Promoters' segments aim to boost both new hospitals and software adoption aiming to improve care quality, with strong, immediate funding. In countries belonging to the 'Challengers' and 'Explorers', in the absence of strong government funding, there would be more dependence to technology supported by software and IT services, mainly driven by private investments, through 2022. Efficient public-private partnership will thrive in these segments scaling care-delivery services to wider reach.
The report highlights that software and IT services are the core of healthcare digitalization and act as major drivers fueling the healthcare IT spending growth in the region. The healthcare payer segment is projected to adopt increased growth rate compared to that of providers as it gets ready to tap the potential of technology.
While China tops in the overall healthcare IT spend, Singapore tops in the per Capita healthcare IT spending, followed by Australia.
“One of the major driving factors in the Asia/Pacific region for investment in healthcare IT is to take the care delivery to the most remote patient, particularly in the populous and vast countries like China, India and Indonesia. This could be through a remote care solution via primary care centers and cutting edge technological tools like 5G, IoT, AI and AR/VR,” says Manoj Vallikkat, Research Manager at IDC Asia/Pacific Healthcare Insights.