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APAC Healthcare IT Market Share to Exceed USD 119.8 Bn by 2026

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According to the Graphical Research new growth forecast report titled “Asia Pacific Healthcare Information Technology (IT) Market Size 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}), Industry Analysis Report, Regional Outlook (Japan, China, India, Australia, South Korea, Singapore, New Zealand, Indonesia, Thailand)”, Estimated To Exceed USD 119.8 Billion By 2026.

Integration of artificial intelligence (AI) technologies will uplift the demand for healthcare IT solutions in the Asia Pacific region. Artificial intelligence (AT) is increasingly being integrated in diagnostic tools provided by the healthcare IT industry. In addition, according to a recent research article, China’s largest online healthcare app, Ping An Good Doctor, is integrated with AI-assisted chatbot. The app is integrated with AI to provide better assistance to the patients and help them search appropriate physicians. Additionally, integration of interoperable EHRs with artificial intelligence (AI) aids the healthcare systems to improvise patient care. The integration has also enabled patients to stay active and allowed healthcare professionals to continuously monitor the patient health activities. Hence, the above-mentioned factors will significantly spur the healthcare IT market growth in the coming years. 

Increasing preference for electronic health record (EHR) will augment the demand for healthcare IT services considerably in the Asia Pacific region. The governments in Asia Pacific region have introduced several guidelines and standards for implementation of interoperable EHR to increase the adoption of EHR users in the region. Moreover, Asia Pacific region is witnessing an increase in number of hospitals and healthcare providers resulting in augmented use of electronic health record (EHR) services. Hence, the above-mentioned factors will significantly propel the healthcare IT market growth in the coming years. 

However, strict government regulations and guidelines are some of the factors restraining the growth of the healthcare information technology market in the Asia Pacific region.

Radiology information systems segment was valued at over USD 913 million in 2019 and is projected to witness substantial growth in the future. The substantial growth of the segment is attributed to the growing need for patient data management and increasing geriatric patient population suffering from chronic diseases. Additionally, growing need for cost-effective healthcare IT services and utilization of cloud based technology has augmented the adoption and demand for radiology information systems (RIS). Investments made to improve the healthcare IT industry have increased the number of users for radiology information systems (RIS). Furthermore, in Asia Pacific region, the increase in number of cyber attacks has led to increased adoption of radiology information systems (RIS). The rising number of outsourcing services in Asia Pacific along with increasing awareness pertaining to workflow management has further augmented the number of users of radiology information systems (RIS). Hence, the above-mentioned factors will spur the growth of the segment in coming years.

Healthcare payer segment held significant share and was valued at over USD 11,872 million in 2019. The significant growth of the segment is due to several factors such as the improvement in healthcare infrastructure and increase in number of people opting for healthcare insurance in the Asia Pacific region. In addition, rise in adoption of healthcare IT systems integrated with advanced technology and digitalization of healthcare processes has led to increased demand for healthcare payer services. Stringent regulatory landscape of healthcare sector and rise in demand for smart health plan selector tools has led to augmented demand for healthcare payer services. Furthermore, growing patient medical needs in the developing economies will offer lucrative opportunities for the healthcare payers to expand their business in the region. Hence, the above-mentioned factors will foster the segment growth in the coming years.

Japan healthcare information technology market was valued at around USD 12,086 million in 2019 and is forecasted to foresee a large growth in the forthcoming years. The large growth in the country is owing to rapid growing aging population leading to an increase in utilization of healthcare analytics to manage large volumes of data. Thus, the adoption of healthcare IT services in the country has considerably increased. Moreover, rising geriatric population with growing need for healthcare solutions has augmented the demand for healthcare IT services. Technologically advanced healthcare infrastructure in Japan is augmenting the number of users of healthcare IT services in the country. Therefore, the above-mentioned factors positively impact the healthcare IT market growth in Japan.

Some of the major industry players involved in Asia Pacific market include Epic Systems Corporation, McKesson Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Siemens Healthineers AG, Philips Healthcare, and IBM Corporation among others. The companies are adopting various strategic initiatives such as new product launch, acquisitions, mergers, partnerships and collaborations for garnering maximum market share and strengthening their industrial presence. For instance, in March 2020, Philips Healthcare announced the launch of HealthSuite System of Engagement that is integrated with AI, to enhance digitalization in healthcare sector. The strategic move will assist the company in expanding their product portfolio and customer base of healthcare IT services in Asia Pacific region.

Asia Pacific Healthcare IT market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2015 to 2026, for the following segments:

Market Share, By Solutions 2015-2026 (USD Million)

  • 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

Market Size, By End-use, 2015-2026 (USD Million)

  • Healthcare Providers 
  • Hospitals
  • Pharmacies
  • Diagnostic and imaging centers
  • Ambulatory clinical units
  • Others 
  • Healthcare Payers
  • Private
  • Public

The above information is provided for the following region and countries:

  • Asia Pacific 
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Singapore
  • New Zealand
  • Indonesia
  • Thailand