Research and Markets (http://www.researchandmarkets.com/research/85e7a2/healthcare_informa) has announced the addition of Frost & Sullivan’s new report “Healthcare Information Technology Market in Southeast Asia” to their offering. This research service titled Healthcare Information Technology Market in Southeast Asia analyzes the markets in Thailand, Malaysia, and Singapore. The study provides an in-depth analysis of the market drivers and restraints, industry trends, and competitive environment in addition to the challenges and issues faced by market participants. In this research, Frost & Sullivan’s expert analysts thoroughly analyze the following segments: administrative and clinical healthcare IT (HIT).
The HIT Market in Southeast Asia Grows in Leaps and Bounds as Quality of Medical Services Improves
Over the last few decades, opportunities have been proliferating in the HIT market in Southeast Asia. The market has been growing at a furious pace. Singapore is the market leader with a clear vision for a well-integrated electronic records system. Malaysia and Thailand, on the other hand, are adopting healthcare IT but at a less aggressive pace. There is a growing demand for improved healthcare services from the rising middle class that has high purchasing power. Moreover, the phenomenon of medical tourism is encouraging healthcare service providers to market themselves better to cater to this segment. Numerous private healthcare service providers in the three countries are using state-of-the-art facilities and treatments to lure medical tourists. In 2009, the Southeast Asian healthcare IT market was valued at $103.8 million.
It is expected to witness a compound annual growth rate (CAGR) of 11.6 percent from 2009 to 2016 and reach $223.9 million in 2016. This revenue makes up for software licensing. The high economic growth in these regions is fuelling growth in the market, and heavy emphasis is being placed on improving the infrastructure to allow better foreign direct investment, notes the analyst of this research service. All three nations are quickly ascending the steep learning curve that is part of IT development, through the continuous implementation of efficient and sustainable systems in their healthcare settings.
Southeast Asian countries are quite receptive to new technological products, provided they will benefit the healthcare service provider or country as a whole and are cost effective. Lately, many IT companies are expanding aggressively in these countries. Apart from treatment in Southeast Asia being competitively priced, there are a number of alternative therapies, which are not available in western countries, provided in this region. Moreover, an increase in affordable transportation and availability of tourism-friendly infrastructure in all three countries has caused a boom in medical tourism. Foreign patients are expecting medical records to be digitalized in these Asian countries.
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
Key Topics Covered:
1. Executive Summary
2. Research Objective and Methodology
3. Southeast Asia
4. Healthcare Information Technology Market Overview
5. Healthcare Information Technology Market Engineering Measurements
6. Market Dynamics
7. Healthcare Information Technology Market Analysis
11. Strategic Recommendations
12. Appendix: Country IT Ranking, Analysis, and List of Abbreviations
13. Decision Support Databases
14. About Frost & Sullivan
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