Asia Pacific Healthcare It Market Size & Outlook
Asia Pacific healthcare it market, 2018-2030 (US$M)
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Asia Pacific healthcare it market highlights
- The Asia Pacific healthcare it market generated a revenue of USD 1,404.6 million in 2021.
- The market is expected to grow at a CAGR of 7.7% from 2022 to 2030.
- In terms of segment, finance and billing was the largest revenue generating function in 2021.
- Inventory and material management is the most lucrative function segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 1,404.6 million |
| Market revenue in 2030 | USD 2,736.8 million |
| Growth rate | 7.7% (CAGR from 2021 to 2030) |
| Largest segment | Finance and billing |
| Fastest growing segment | Inventory and material management |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Inventory and material management, Supply chain and logistics management, Patient relationship management, Finance and billing |
| Key market players worldwide | Koninklijke Philips NV, McKesson Corp, Veradigm Inc, Carestream Health - HCIS business, EMDS, Athenahealth |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 23.3% of the global healthcare it market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,736.8 million by 2030.
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Healthcare IT Market Scope
Healthcare IT Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific healthcare it market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to healthcare it market will help companies and investors design strategic landscapes.
Finance and billing was the largest segment with a revenue share of 33.25% in 2021. Horizon Databook has segmented the Asia Pacific healthcare it market based on inventory and material management, supply chain and logistics management, patient relationship management, finance and billing covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is the fastest-growing regional market, with high demand for healthcare IT services, owing to increase in government spending on healthcare. Furthermore, the demand for healthcare IT systems has been increasing, as they enable efficient management of clinical, financial, and administrative aspects of hospitals.
n addition, increase in healthcare expenditure in developing Asian countries & improvement in healthcare infrastructure, owing to growth in adoption of advanced technology to streamline hospital workflow & cut down medical costs, are the key drivers of demand for IT-based healthcare solutions in this region.
Moreover, several government initiatives and supportive programs are also boosting the adoption of such technologies. For instance, in Australia, the state as well as federal government support healthcare IT at their level.
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Target buyers of Asia Pacific healthcare it market databook
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Our clientele includes a mix of healthcare it market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific healthcare it market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific healthcare it market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific healthcare it market size, by country, 2018-2030 (US$M)
Asia Pacific Healthcare IT Market Outlook Share, 2021 & 2030 (US$M)
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