Australia, China, India, Singapore and South Korea Represent Close to 90% of Asia/ Pacific Healthcare IT Spending in 2013, Says IDC Health Insights
08 Apr 2014
Singapore and Hong Kong – April 8, 2014 – IDC Health Insights expects healthcare IT spending in the Asia/Pacific excluding Japan (APEJ) region to show a compound annual growth rate (CAGR) of 8% till 2018.
For the same period, the China healthcare sector emerges as the fastest growing IT spender in the region, with the highest CAGR of 11.7%.
More spending data is revealed in the IDC Health Insights report, “Asia/ Pacific (Excluding Japan) Healthcare IT Spending 2013-2018” (Doc # AP245894, April 2014), including details of specific IT spending patterns by technology areas and by country.
While the Asia/Pacific countries are very disparate when it comes to infrastructure and IT maturity, as well as healthcare systems, every country, whether developed or developing, is looking to create a sustainable healthcare system.
The region cannot afford to stop investing in healthcare with many countries still struggling with improving basic health outcomes. The region holds immense potential for the vendor community, also because of the high population base and the relatively nascent stage of IT adoption in developing countries.
"The spending pattern clearly demarcates the developing and the mature economies in the region. There emerge two clear groups of countries when it comes to IT maturity. Countries, where hardware spending comprises more than 50% of the total IT spending, are still focused on infrastructure. The mature economies are expected to spend less than 50% on hardware. Where the initial infrastructure investments have been made, the spending pattern shifts to software and services," says Sash Mukherjee, Research Manager, IDC Health Insights, Asia/Pacific.
"Growth will be driven by infrastructural spending in developing countries and collaborative tools in the mature economies."
The study is presented in a pivot table format, where information is organized to allow technology vendors to draw useful considerations on short and long-term opportunities in their market(s) of interest.
The government and provider community would find this study useful for benchmarking their IT spending and patterns against other countries in the region.
For more information about the research or to purchase this data, please contact Sheryl Fuertez at +65-6829-7758 or sfuertez @idc.com.
About IDC Health Insights
IDC Health Insights assists health businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the payer, provider and life sciences industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc-hi.com, email email@example.com, or call 508-935-4445. Visit the IDC Health Insights Community at http://idc-insights-community.com/health.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. In 2014, IDC celebrates its 50th anniversary of providing strategic insights to help clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.
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