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Healthcare Information Technology Market in Southeast Asia

  • Publication Date:April 2011
  • Publisher:Frost & Sullivan
  • Product Type: Report
  • Pages:152

Healthcare Information Technology Market in Southeast Asia

This market engineering research service has been developed to address the dynamics of healthcare information technology in Thailand, Singapore, and Malaysia. The market is divided into subsegments that include administrative and clinical healthcare IT. This research study presents the key findings for the Southeast Asian healthcare information technology market. It provides insights and forecasts market size. This research service also discusses market trends, drivers, and restraints, technology trends and Southeast Asian government initiatives. The study concludes with a section on IT ranking, covering six main parameters.

This Frost & Sullivan 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).


Market Overview

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) of11.6 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.

Security Concerns Cloud Market Prospects

The volume of healthcare data has been growing exponentially, and issues surrounding security have been gaining greater significance. Thus, there is a heightened need for the secure management and storage of historical and current medical data of patients through data-archiving techniques for future reference. Addressing this challenge is likely to affect cost-control measures at a hospital level. Apart from this, the lack of central government funding for HIT has restricted its adoption in government healthcare facilities. The central governments of all three countries may consider HIT as an expense rather than an investment. Singapore and Malaysia have shown considerable improvement in terms of HIT spending in the last few years, though not on a robust scale. Limited knowledge about applications of information technology in the healthcare-provider space also restrains the total market.

“In terms of the competitive landscape, there are few strong local competitors in the healthcare IT market,” says the analyst. “However, vendors are doing well, as some healthcare service providers prefer local vendors.” Foreign vendors have an edge, with strong product and healthcare industry expertise. Many of the local vendors have partnerships with foreign vendors, especially since local vendors lack experience with healthcare-related products. Governments in Southeast Asian countries are encouraging partnerships, to benefit from a spillover effect on technology and healthcare expertise.

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

    Administrative HIT
    Clinical HIT

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

8. Thailand
   8.1 Healthcare Industry Overview
   8.2 Healthcare Information Technology Market Overview
   8.3 Thailand Healthcare IT Standards and Regulatory Framework
   8.4 Thailand Stimulus Package and Budget
   8.5 Healthcare Information Technology Market Engineering Measurements
   8.6 Market Dynamics
   8.7 Healthcare Information Technology Market Analysis

9. Malaysia
   9.1 Healthcare Industry Overview
   9.2 Healthcare Information Technology Market Overview
   9.3 Malaysia Healthcare IT Standards and Regulatory Framework
   9.4 Malaysia Stimulus Package and Budget
   9.5 Healthcare Information Technology Market Engineering Measurements
   9.6 Market Dynamics
   9.7 Healthcare Information Technology Market Analysis

10. Singapore
   10.1 Healthcare Industry Overview
   10.2 Healthcare Information Technology Market Overview
   10.3 Singapore Healthcare IT Standards and Regulatory Framework
   10.4 Singapore Stimulus Package and Budget
   10.5 Healthcare Information Technology Market Engineering Measurements
   10.6 Market Dynamics
   10.7 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

List of Figures
Healthcare Industry: Healthcare Resources (Southeast Asia), 2009
Total Healthcare Information Technology Market: Impact of Top Four Industry Challenges (Southeast Asia), 2010-2016
Total Healthcare Information Technology Market: Market Drivers Ranked in Order of Impact (Southeast Asia), 2010-2016
Total Healthcare Information Technology Market: Market Restraints Ranked in Order of Impact (Southeast Asia), 2010-2016
Total Healthcare Information Technology Market: Revenue Forecasts (Southeast Asia), 2009-2016
Healthcare Industry: Healthcare Resources (Thailand), 2009
Total Healthcare Information Technology Market: Revenue Forecasts (Thailand), 2009-2016
Healthcare Industry: Healthcare Resources (Malaysia), 2009
Healthcare Industry: Healthcare Service Provider Profile (Malaysia), 2009
Total Healthcare Information Technology Market: Revenue Forecasts (Malaysia), 2009-2016
Healthcare Industry: Healthcare Resources (Singapore), 2009
Total Healthcare Information Technology Market: Revenue Forecasts (Singapore), 2009-2016
Information Technology Ranking (World), 2009
IT Potential Based on the Existing Infrastructure (World), 2009
Government Interest in ICT Development (World), 2009
Decision Support Database: Foreign Direct Investments (World), 2004-2014
Decision Support Database: Personal Disposable Income (World), 2004-2014
Decision Support Database: Total Population (World), 2004-2014
Decision Support Database: Total Imports (World), 2004-2014
Decision Support Database: Gross National Income (World), 2004-2014

LOC:
Total Healthcare Information Technology Market: Healthcare Information Systems’ Components (Southeast Asia), 2009
Total Healthcare Information Technology Market: Market Drivers and Restraints (Southeast Asia) , 2010-2016
Healthcare Industry: Trends (Southeast Asia), 2009
Total Healthcare Information Technology Market: Existing and Future Levels of Adoption of Healthcare IT Systems (Southeast Asia), 2009-2016
Total Healthcare Information Technology Market: Market Engineering Measurements (Southeast Asia), 2009
Total Healthcare Information Technology Market: Revenue Forecasts (Southeast Asia), 2009-2016
Total Healthcare Information Technology Market: Percent of Revenues by Segment (Southeast Asia), 2009
Total Healthcare Information Technology Market: Percent of Revenues by Sub-segment (Southeast Asia), 2009
Healthcare Industry: Trends (Thailand), 2009
Total Healthcare Information Technology Market: Existing and Future Levels of Adoption of Healthcare IT Systems (Thailand), 2009-2016
The Main Strategic Development Programs for ICT are Listed Below (Thailand), 1996-2010
Total Healthcare Information Technology Market: Market Engineering Measurements (Thailand), 2009
Total Healthcare Information Technology Market: Market Drivers (Thailand), 2010-2016
Total Healthcare Information Technology Market: Restraints (Thailand), 2010-2016
Total Healthcare Information Technology Market: Healthcare Information Systems’ Components (Southeast Asia), 2009
Total Healthcare Information Technology Market: Market Drivers and Restraints (Southeast Asia), 2010-2016
Healthcare Industry: Trends (Southeast Asia), 2009
Total Healthcare Information Technology Market: Existing and Future Levels of Adoption of Healthcare IT Systems (Southeast Asia), 2009-2016
Total Healthcare Information Technology Market: Market Engineering Measurements (Southeast Asia), 2009
Total Healthcare Information Technology Market: Revenue Forecasts (Southeast Asia), 2009-2016
Total Healthcare Information Technology Market: Percent of Revenues by Segment (Southeast Asia), 2009
Total Healthcare Information Technology Market: Percent of Revenues by Sub-segment (Southeast Asia), 2009
Healthcare Industry: Trends (Thailand), 2009
Total Healthcare Information Technology Market: Existing and Future Levels of Adoption of Healthcare IT Systems (Thailand), 2009-2016
The Main Strategic Development Programs for ICT are Listed Below (Thailand), 1996-2010
Total Healthcare Information Technology Market: Market Engineering Measurements (Thailand), 2009
Total Healthcare Information Technology Market: Market Drivers (Thailand), 2010-2016
Total Healthcare Information Technology Market: Restraints (Thailand), 2010-2016
Total Healthcare Information Technology Market: Market Engineering Measurements (Singapore), 2009
Total Healthcare Information Technology Market: Market Drivers (Singapore), 2010-2016
Total Healthcare Information Technology Market: Restraints (Singapore), 2010-2016
Total Healthcare Information Technology Market: Revenue Forecasts (Singapore), 2009-2016
Total Healthcare Information Technology Market: Percent of Revenues by Segment (Singapore), 2009
Total Healthcare Information Technology Market: Percent of Revenues by Sub-segment (Singapore), 2009
Total Healthcare Information Technology Market: Opportunity Assessment (Singapore), 2010-2016
Total Healthcare Information Technology Market: Opportunity Assessment (Southeast Asia), 2010-2016
Total Healthcare Information Technology Market: Future Outlook (Southeast Asia), 2000, 2010, and 2015

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