Asia Pacific Healthcare IT Market – Size, Outlook, Trends, and Forecast (2024

Asia Pacific Healthcare IT Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Healthcare Information Technology (IT) is defined as the application of information processing that involves the computer hardware and software that deals with the storage, sharing and knowledge for communication and decision making and supports the management of healthcare across computerised systems that secure the exchange of health information between consumers, providers, and payers. Healthcare Information Technology (IT) is applied to both health and healthcare. Increasing government investments in healthcare IT, rising demand for the paper-less technology, focusing on improving quality of care and patient’s information and need to reduce the increasing healthcare cost are some of the drivers that boost the market.

Asia Pacific Healthcare IT Market Segments Size & Growth:

Asia PacificHealthcare IT Market size is projected to reach approximately $280.45 billion by the end of 2024 with a CAGR of close to 15.25% during the forecast timeline 2018-2024. The significant factors that propel the growth of the healthcare IT market are increasing demand for enhanced healthcare facilities, the introduction of technologically advanced systems, increasing geriatric population prone to chronic diseases and increasing number of patients requiring

Asia Pacific Healthcare IT Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

home healthcare acts are the factors that drive the market growth.

Asia Pacific Healthcare IT Market Segments Share:

Asia PacificHealthcare IT Market is segmented on the basis of the end-user segment which is further segmented into payer and provider in which healthcare IT Provider accounts the most significant share in the market due to the increasing demand for the patient safety and patient care and need for the integrated healthcare systems. On the basis of the business segment, which is further segmented into clinical and non-clinical solutions, among these sub-segments, clinical solutions hold the largest market share and on the basis of the component, services account the largest share in the market. On the basis of Geography, India and China hold the largest share in the market due to the increasing adoption of smartphones for healthcare provision.

Asia Pacific Healthcare IT Market Trends:

Cerner Corporation announced the completion of its acquisition of Siemens Health Services assets, client relationships, and associates.
Computed Tomography is the product by GE Healthcare that is used to provide the information in vascular care.
McKesson Corporation ranked 5^th on the FORTUNE 500, is a global leader in the healthcare information technology.
Allscripts Healthcare Solutions is the foremost provider of clinical software, connectivity and information solutions that physicians use to improve the healthcare.
Philips Healthcare to acquire the Spectranetics Corporation to accelerate expansion in image-guided therapy devices to treat cardiac and peripheral vascular disease.

Asia Pacific Healthcare IT Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Asia Pacific Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by the analyst to the individual and organisation to have a better foothold in the market.

The primary critical players in the Asia Pacific Healthcare IT Market are:

GE Healthcare
Philips Healthcare
Wipro
IBM
Oracle

Corporation ranked 5th

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Asia Pacific Healthcare IT Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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