APAC Healthcare IT Market revenue to hit $175 Bn by 2028

Published Date: 2022-11-21

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APAC Healthcare IT Market size is poised to surpass USD 175 billion by 2028, according to a latest forecast report by Graphical Research.

The integration of artificial intelligence (AI) technology in medical diagnostic tools is likely to enhance the market demand. The incorporation of interoperable EHRs with AI enables healthcare organizations to improve patient care by continually monitoring patient's medical activities. Citing a recent example, Allscripts Healthcare Solutions Inc., a leading market participant, launched guided scheduling to the market in October 2021. Guided Scheduling is the company’s AI planning software that combines real-time provider, practice, and industry data designed to improve providers' workday.

Solutions like this help analyze crucial clinical and operational variables, thereby allowing users to manage each patient visit accordingly. IT services can help healthcare providers to meet the need-based scheduling of patients while prioritizing those with emergency needs first. They can also maximize the use of all resources throughout an organization and limit the impact of a schedule churn.

Growing preference for electronic health records (EHR) and online scheduling would outline the use of for healthcare IT services in Asia Pacific. The regional governments have developed many guidelines and standards for the installation of interoperable EHRs to increase the adoption of EHR users in the region. For instance, China's leading online healthcare business, Ping An Good Doctor, offers an AI-assisted chatbot to its users for easy communication and guidance. The app uses AI to provide better assistance to patients in selecting relevant doctors for their treatment.

The radiology information systems (RIS) segment will grow at 15.5% CAGR through 2028. RIS are specifically adapted for radiology departments and automates data management for the optimization of medical imaging processes. The growing need for patient data management in healthcare settings will positively influence the deployment of RIS systems in APAC. Increasing need for cost-effective healthcare IT services and utilization of cloud-based technology has also augmented the industry adoption.

Browse detailed statistical insights from the report, “Asia Pacific Healthcare Information Technology (IT) Market Forecast 2028 By Solution (Radiology Information Systems, Electronic Health Record, Picture Archiving and Communication Systems, Computerized Physician Order Entry, Vendor Neutral Archives, mHealth, Healthcare Analytics, Telehealth, Supply Chain Management, Customer Relationship Management, Fraud Management, Revenue Cycle Management), By End-use (Healthcare Providers {Hospitals, Pharmacies, Diagnostic and Imaging Centers, Ambulatory Clinical Units}, Healthcare Payer {Private, Public}), Research Report, Country Outlook (Japan, China, India, Australia, South Korea, Singapore, New Zealand, Indonesia, Thailand), Application Potential, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1499/asia-pacific-healthcare-information-technology-it-market

The healthcare payers segment held more than 33% market share in 2021, owing to rise in uptake of cloud systems integrated with advanced technology and digitalization of healthcare processes has led to increased requirement of healthcare payer services. There is a considerable surge in public investments in regional healthcare infrastructure development and increase in the number of people opting for healthcare insurance. Higher medical needs of patients in the developing economies will offer lucrative opportunities for the healthcare payers to expand their businesses across the region through convenient IT solutions.

Japan healthcare IT industry will rise substantially till 2028, with the increasing utilization of advanced healthcare analytics for managing large volumes of patient data. Rising geriatric population with increasing need for healthcare solutions has augmented the need for healthcare IT systems in the region. Innovative medical infrastructure in Japan is augmenting the number of users that deploy online EHR, telehealth, supply chain management and CRM applications.

The APAC healthcare IT market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2017 to 2028, for the following segments:

Asia Pacific Market, By Solutions

  • Radiology information systems
  • Electronic health record
  • Picture archiving and communication systems
  • Computerized physician order entry
  • Vendor neutral archives
  • mHealth
  • Healthcare analytics
  • Telehealth
  • Supply chain management
  • Customer relationship management
  • Fraud management
  • Revenue cycle management
  • Others

Asia Pacific Market, By End-use

  • Healthcare providers
    • Hospitals
    • Pharmacies
    • Diagnostic and imaging centres
    • Ambulatory clinical units
    • Others
  • Healthcare payers
    • Private
    • Public

The above information has been provided for the following countries:

·  Asia Pacific

  • Japan
  • China
  • India
  • Australia
  • South Korea