APAC Healthcare IT Consulting Market

APAC Healthcare IT Consulting Market Size (2023 to 2028)

The APAC healthcare IT consulting market is forecasted to grow at a promising CAGR from 2023 to 2028.

The growing adoption of digitalization in the healthcare sector across APAC to address the rising number of chronic disease cases among the population of the APAC region majorly drives the APAC healthcare IT consulting market. In India, nearly 21% of the elderly population is afflicted with at least one chronic disease, with hypertension and diabetes being the leading causes of mortality. To combat these challenges, the healthcare sector is embracing advanced technologies and state-of-the-art equipment for enhanced surgical procedures.

The rising incorporation of smart technology in the healthcare sector and the widespread utilization of eHealth and telemedicine further fuel the growth rate of the APAC healthcare IT consulting market. Telemedicine plays a crucial role in delivering remote healthcare services through video and audio calls, enabling efficient treatment provision. China's active engagement in digitization summits is contributing to the overall development of the APAC market.

The growing requirement for IT in the healthcare sector contributes to regional market growth. Information technology encompasses various tools and systems, and one such technology widely utilized in the healthcare sector is electronic health records (EHR). EHR facilitates the efficient storage of crucial patient data, including their name, disease type, allergies, medication details and previous medical reports. This comprehensive electronic health record data empowers healthcare providers to make informed clinical decisions, consequently enhancing the overall treatment process.

The ongoing advancements in healthcare IT consulting services fuel the growth rate of the APAC healthcare IT consulting market. The development of cutting-edge technologies such as artificial intelligence, machine learning, the Internet of Things and sensors is driving the APAC market growth. These technologies enable improved treatment outcomes, efficient storage of patient medical records, and more accurate diagnoses. Additionally, factors such as increased research and development, government support, and product developments and approvals further contribute to the market's progress in the Asia-Pacific region.

On the other hand, factors such as the high cost of complex projects, the lack of skilled professionals, the high cost of infrastructure facilities, the lack of data security and the high cost of consulting services hamper the growth of the healthcare IT consulting market in the Asia-Pacific region.

This research report on the APAC healthcare IT consulting market has been segmented and sub-segmented into the following categories:

By Type:

• HCIT Strategy and Project/Program Management
• Healthcare Application Analysis, Design, And Development
• HCIT Integration and Migration
• HCIT Change Management
• Healthcare/Medical System & Security Set-Up and Risk Assessment
• Healthcare Enterprise Reporting and Data Analytics Services
• Production Go-Live/Post Go-Live Support
• Healthcare Business Process Management
• Regulatory Compliance
• Others Consulting Services

By End-User:

• Healthcare Providers
  • Hospitals, Physician Groups, and IDNs
  • Ambulatory Care Centers
  • Home Healthcare Agencies, Nursing Homes, And Assisted Living Facilities
  • Diagnostic and Imaging Centers
  • Other End Users (Pharmacies and Diagnostic & Pathological Laboratories)
• Healthcare Payers
  • Private Payers
  • Public Payers
• Other End Users

By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

The Asia Pacific region held a substantial share of the global market in 2023 and is expected to grow at a promising CAGR during the forecast period. China led the healthcare IT consulting market in the Asia-Pacific region in 2022 and is predicted to grow at a healthy CAGR during the forecast period owing to the increasing number of advancements in the healthcare sector and growing awareness about healthcare IT consulting. The strengthening relationships between hospitals and IT consulting organizations and increasing initiatives from the Chinese government to adopt consulting services for improved healthcare facilities. The rising presence of IT consulting organizations, an increasing number of coronavirus cases and patient populations compelled hospitals to seek IT consulting services to manage medical equipment and prevent the spread of the virus boosting the Chinese market growth.

Countries such as India and Japan are predicted to account for a considerable share of the APAC market during the forecast period due to the increased investments by healthcare organizations and clinics. In Japan, IT infrastructure management has gained prominence, with select companies offering consulting services tailored to specific hospital requirements and languages. The rising number of job vacancies in the IT consulting sector in Japan serves as a driving force for market progress. Furthermore, the integration of facilities in hospitals and clinics supports the development of the market.

KEY MARKET PLAYERS:

A few of the prominent companies operating in the APAC healthcare IT consulting market profiled in this report are Epic Systems Corporation, General Electric, Koninklijke Philips N.V., Cerner Corporation, Cisco, Cognizant, Genpact, Allscripts Healthcare, LLC, Atos SE, HCL Technologies Limited, Hexaware Technologies, Infor, IBM Corporation, Deloitte Touche Tohmatsu Limited, Accenture, Infosys Limited, Larsen & Toubro Limited, Microsoft, Mckesson Corporation, Ntt Data, Inc., Oracle, Sap SE, Tata Consultancy Services Limited and Wipro Limited.