The latest IDC report has revealed the forecast on Healthcare IT sector spending in the Asia Pacific region.
Healthcare IT sector spending in Asia Pacific is forecast to increase from $12.2 billion in 2019 to $14.9 billion by 2022, at a CAGR of 7 percent.
China and Australia account for 71 percent of the total IT spending in the Asia Pacific region.
Software and IT services are the core of healthcare digitalization and act as major drivers fuelling the Healthcare IT spending growth in the region.
Healthcare Payer segment is projected to adopt increased growth rate compared to that of Providers as it gets ready to tap the potential of technology.
While China tops in the healthcare IT spend, Singapore tops in the per Capita healthcare IT spending, followed by Australia.
“One of the major driving factors in the Asia Pacific region for investment in healthcare IT is to take the care delivery to the most remote patient, particularly in the populous and vast countries like China, India and Indonesia. This could be through a remote care solution via primary care centers and technological tools like 5G, IoT, AI and AR/VR,” said Manoj Vallikkat, research manager at IDC Asia Pacific Healthcare Insights.