The Asia Pacific Healthcare Technology Management Market is expected to witness market growth of 11.4% CAGR during the forecast period (2022-2028).
In the medical industry, care providers are employing a range of new technology, including a slew of software tools, to manage their expanding administrative duties and boost coding productivity. Incorrect or delayed diagnosis is one of the most significant areas for improvement in the healthcare business. Medical algorithms that can evaluate various data sources at the same time and assist detect lethal illnesses like chronic obstructive pulmonary disease (COPD) or diabetes with serious complications earlier and more accurately than ever before are among the emerging trends in healthcare.
Doctors are scientists that appreciate being shown tangible proof, and today's best-in-class risk adjustment software uses complicated medical algorithms to correlate clinical material already within the patient's chart with disease suspects presented by the program. Healthcare tech tools that emphasize and link to the source paperwork in the patient chart simplify the evidence, making it easier for doctors to grasp, why the computer is suspecting an illness.
China's early reaction to coronavirus sickness in 2019 included the use of digital healthcare technology (COVID-19). Existing literature have analysed and discussed actual digital health innovations from a technological standpoint, but policy mechanisms' contributions to the formation of the COVID-19 digital health ecosystem have been overlooked.
The contexts and major mechanisms behind China's quick deployment of digital health initiatives in response to COVID-19, as well as chronicle and share the lessons learned. For international companies, medical equipment constitute the most active and strategically vital healthcare sales industry. Imported medical equipment dominate the high-end and technology-heavy segments, while indigenous items lead the low- to mid-market segments.
Public hospitals continue to be the primary purchasers of medical devices. According to the National Health Commission's Chinese-language website, China will have 35,394 hospitals by 2020, with over 7.1 million beds and 3.32 billion patient visits. Public hospitals contributed 71.4 percent of hospital wards and 84 percent of patient visits among them.
The China market dominated the Asia Pacific Healthcare Technology Management Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $4,098.6 million by 2028. The Japan market is anticipated to grow at a CAGR of 10.7% during (2022 - 2028). Additionally, The India market is expected to experience a CAGR of 12% during (2022 - 2028).
Based on Type of Services, the market is segmented into Maintenance & Repair, Integrated Software Platform, Cyber Security, Capital Planning, Quality & Regulatory Compliance, Labor Management, and Supply Chain (Procurement). Based on Facility Type, the market is segmented into Acute care facility, Post-Acute Care Facility, and Non-Acute care Facility. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co., ABM Industries, Inc., Siemens Healthineers AG, Koninklijke Philips N.V., Sodexo S.A., Crothall Healthcare, Inc., TriMedx, LLC, Agility, Inc., Renovo Solutions, and JANNX Medical Systems, Inc.
In the medical industry, care providers are employing a range of new technology, including a slew of software tools, to manage their expanding administrative duties and boost coding productivity. Incorrect or delayed diagnosis is one of the most significant areas for improvement in the healthcare business. Medical algorithms that can evaluate various data sources at the same time and assist detect lethal illnesses like chronic obstructive pulmonary disease (COPD) or diabetes with serious complications earlier and more accurately than ever before are among the emerging trends in healthcare.
Doctors are scientists that appreciate being shown tangible proof, and today's best-in-class risk adjustment software uses complicated medical algorithms to correlate clinical material already within the patient's chart with disease suspects presented by the program. Healthcare tech tools that emphasize and link to the source paperwork in the patient chart simplify the evidence, making it easier for doctors to grasp, why the computer is suspecting an illness.
China's early reaction to coronavirus sickness in 2019 included the use of digital healthcare technology (COVID-19). Existing literature have analysed and discussed actual digital health innovations from a technological standpoint, but policy mechanisms' contributions to the formation of the COVID-19 digital health ecosystem have been overlooked.
The contexts and major mechanisms behind China's quick deployment of digital health initiatives in response to COVID-19, as well as chronicle and share the lessons learned. For international companies, medical equipment constitute the most active and strategically vital healthcare sales industry. Imported medical equipment dominate the high-end and technology-heavy segments, while indigenous items lead the low- to mid-market segments.
Public hospitals continue to be the primary purchasers of medical devices. According to the National Health Commission's Chinese-language website, China will have 35,394 hospitals by 2020, with over 7.1 million beds and 3.32 billion patient visits. Public hospitals contributed 71.4 percent of hospital wards and 84 percent of patient visits among them.
The China market dominated the Asia Pacific Healthcare Technology Management Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $4,098.6 million by 2028. The Japan market is anticipated to grow at a CAGR of 10.7% during (2022 - 2028). Additionally, The India market is expected to experience a CAGR of 12% during (2022 - 2028).
Based on Type of Services, the market is segmented into Maintenance & Repair, Integrated Software Platform, Cyber Security, Capital Planning, Quality & Regulatory Compliance, Labor Management, and Supply Chain (Procurement). Based on Facility Type, the market is segmented into Acute care facility, Post-Acute Care Facility, and Non-Acute care Facility. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co., ABM Industries, Inc., Siemens Healthineers AG, Koninklijke Philips N.V., Sodexo S.A., Crothall Healthcare, Inc., TriMedx, LLC, Agility, Inc., Renovo Solutions, and JANNX Medical Systems, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type of Services
- Maintenance & Repair
- Integrated Software Platform
- Cyber Security
- Capital Planning
- Quality & Regulatory Compliance
- Labor Management
- Supply Chain (Procurement)
By Facility Type
- Acute care facility
- Post-Acute Care Facility
- Non-Acute care Facility
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co.
- ABM Industries, Inc.
- Siemens Healthineers AG
- Koninklijke Philips N.V.
- Sodexo S.A.
- Crothall Healthcare, Inc.
- TriMedx, LLC
- Agility, Inc.
- Renovo Solutions
- JANNX Medical Systems, Inc.
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Asia Pacific Healthcare Technology Management Market by Type of Services
Chapter 5. Asia Pacific Healthcare Technology Management Market by Facility Type
Chapter 6. Asia Pacific Healthcare Technology Management Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- General Electric (GE) Co.
- ABM Industries, Inc.
- Siemens Healthineers AG
- Koninklijke Philips N.V.
- Sodexo S.A.
- Crothall Healthcare, Inc.
- TriMedx, LLC
- Agility, Inc.
- Renovo Solutions
- JANNX Medical Systems, Inc.
Methodology
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