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Jun 2016 - Insights Presentation - Doc # AP40905216

Singapore Healthcare IT Spend Market Analysis, Forecasts, and Trends

Authors: Arpana Bharti, Ashwin Moduga, Ravikant Sharma
On-line Presentation

This IDC presentation provides a country-level overview of the Singapore healthcare IT market in terms of overall IT spending with a qualitative commentary on key macroeconomic drivers and restraints in the market.

Singapore leads the ASEAN countries in terms of setting clear guidelines and road maps for improved care through the implementation of ICT. The Singapore government continues to focus on improving clinical research, long-term care, and population health by using 3rd Platform technologies effectively. Growth in the country will be driven by large-scale healthy living initiatives that the government aims to fulfill by 2020. Social cohesiveness, healthy diet and physical activities at the workplace, and the establishment of activity centers are key focus areas. Hospitals in Singapore will strive to enhance patient experience in the next five years.

The healthcare IT market in Singapore reached US$275 million in 2015, posting a compound annual growth rate (CAGR) of 5% during the 2012–2015 period. This market is projected to grow steadily at a CAGR of 4% from 2016 to 2019.

Healthy living initiatives, population health, and long-term care will be the primary drivers for ICT growth in the Singapore healthcare market. Meanwhile, the top investment priorities for the private sector will include mobility solutions, hospital administrative systems, customer relationship management (CRM) systems and electronic medical records (EMRs), and cloud technologies.