The report on the Asian healthcare payer IT market defines and segments the concerned market in Asia with analysis and forecast of revenue. This market was valued at $1,561.0 million in 2013 and is estimated to reach $2,066.0 million by 2018, at a CAGR of 5.8% from 2013 to 2018.
Asia is recognized as one of the fastest-growing markets in healthcare payer IT, and is expected to grow at the highest CAGR among other regions. Healthcare organizations in Asia are actively moving towards digitization to ensure patient safety and care, and to streamline the entire workflow system in large healthcare enterprises. Healthcare payer IT accounted for the largest share (72.3%) of the Asian payer IT market in 2013 and is estimated to reach $15,04.0 million by 2018, at a CAGR 5.9% from 2013 to 2018.
Japan is the largest market for payer IT in Asia; India and China will be the two fastest-growing countries in this market. The market in Japan is likely to grow due to the upsurge in lifestyle diseases such as obesity, heart attack, stroke, cancer, and depression. Government initiatives such as the ‘e-Japan policy’, ‘new IT reform strategy’, and ‘iJapan strategy 2015’, along with the rise in aging population are encouraging the adoption of payer IT systems in hospitals to effectively manage patient flow, lower hospital operational expenditure, and improve the quality of services.
In Asia, the need for HCIT solutions is booming in order to overcome critical issues regarding medication errors such as adverse effects of drugs, fragmented healthcare delivery, rise in cost of healthcare, and lack of trained staff. These are accelerating the demand for non-clinical IT solutions such as workflow management solutions and administrative solutions.
The Asian healthcare payer IT market is segmented and forecasted on the basis of components and deployments. Components comprise hardware, software, and services. Deployments include on-premise, cloud-based, and web-based. The market is further segmented and forecasted on the basis of major countries, to include Japan, China and India. The market is also analyzed on the basis of end users.
Some of the leading players in the Asian healthcare payer IT market are Oracle (U.S.), Aspect Software (U.S.), Cerner Corporation (U.S.), Avaya Inc. (U.S.), and Infor (U.S.).
The report on the healthcare payer IT market in Asia also includes the market share, value chain analysis, and market metrics such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of key players in the market. The details of segment and country-specific shares, news and deals, mergers & acquisitions, segment-specific pipeline products, product approvals, and product recalls of major companies are also covered in the report.
1.1 Introduce the Market
1.2 Objective of the study
1.3 Market Definition and Scope of the study
1.3.1 Market Definition
1.3.2 Areas covered
1.3.3 Markets Covered
1.5 Research Methodology
1.5.1 Secondary sources
1.5.2 Primary Sources
1.5.3 Market estimation methodology (Top-down, bottom-up, data triangulation.)
1.5.4 Macro indicators for the study
1.7 List of Acronyms
2 Market Overview