asia pacific market poised for electronic medical record growth

AsiaAsia--Pacific Market Poised for Electronic Pacific Market Poised for Electronic Medical Records GrowthMedical Records Growth

Can Your Organization Identify the Relevant OpportunitiesCan Your Organization Identify the Relevant Opportunities

Natasha GulatiNatasha Gulati

Senior Industry Analyst, Healthcare

Frost & Sullivan, Asia-Pacific

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Today’s Presenter

Natasha GulatiSenior Industry Analyst, HealthcareFrost & Sullivan, [email protected]

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• Natasha specializes in identifying client needs and matching them with the company’s

capabilities; designing suitable value proposition for the client.

• Her expertise lie in designing and conducting research projects based on qualitative

and quantitative studies with various small-sized local and global teams.

• She has showcased project proficiency in the Pharmaceuticals and Healthcare sectors

and has worked with clients across Food & Beverage, Automotive, Chemicals and Oil &

Gas industries over several years.

Agenda

Market Overview

Forecasts and Trends – Total EMR and EHR Market in APAC

Competitive Landscape – Total EMR and EHR Market in APAC

Mega Trends and Industry Convergence Implications

CEO’s Perspective

Next Steps

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MARKET OVERVIEW

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Three Big Frost & Sullivan Predictions

1Governments across APAC are expected to spend an estimated $794.6 million toward EMR and EHR programs by 2018.

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Source: Frost & Sullivan analysis.

2Public and private sectors gearing up for a massive shortage of medical and health IT professionals.

3 Humanizing EMR and EHR systems will be the next disruptive technology.

Core Benefits of an EMR and EHR

Complete view of the patient‘s medical

history

Improved data storage and accessibility

Improved patient management

Reduction in medical errors

Benefits of an EMR or EHR Solution, APAC, 2012

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EMR and EHR benefits extend from individual to community

Cost reduction for both patients and

providers

Availability of larger volumes of organized

data

More efficient and effective healthcare deliveryMore efficient and effective healthcare delivery

Market Overview - Segmentation

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Note: All figures are rounded. The base year is 2012. Source: Frost & Sullivan analysis.

Evaluation Criteria for Purchasing an EMR and EHR System

Price range

Total EMR and EHR Market: Evaluation Criteria for an EMR or EHR Solution, APAC, 2012

1

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Service delivery model

Practice size commonly

served

System functionalities

and applications

Medical areas covered

2

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Key Government Organizations and Associations

HIMSS Analytics® Asia

Asia Pacific Association for

Medical Informatics

• iDA Singapore• Japan Association for Medical Informatics (JAMI)

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• Japan Association for Medical Informatics (JAMI)• Taiwan Association for Medical Informatics (TAMI)• Malaysian Health Informatics Association (MHIA)• China Medical Informatics Association (CMIA)• Informatics for Traditional and Chinese Medicine (i-TCM)• Chinese Medical and Biological Informatics• Health Informatics Society of Australia• Asia eHealth Information Network (AeHIN)

Government and non-profit organizations are involved in the advancement of healthcare IT (HIT) to varying degrees across APAC countries. Their roles range from establishing data definitions, building and auditing infrastructure to driving adoption.

HIMSS Analytics EMRAMSM Stage 6 and 7 Hospitals in APAC

Seoul National University Bundang Hospital

Total EMR and EHR Market: EMRAMSM Stage 6 and 7 Hospitals, APAC, 2012

1.Chang An Hospital2.Shengjing Hospital of China

Medical University3.Yantai Yuhuangding Hospital

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Stage 7

Stage 6

1.KK Women’s & Children’s Hospital

2.National University Hospital3.Singapore General Hospital4.Tan Tock Seng Hospital

Prince Court Medical Center

1.Max Super Specialty Hospital, East Wing

2.Max Super Specialty Hospital, West Wing

Source: HIMSS Analytics® Asia.

Forecasts and Trends – Total EMR and EHR Market in APAC

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EMR and EHR Market in APAC

Total EMR and EHR Market - Revenue Forecast

Key Takeaway: The APAC market for EMR and EHR is poised for steady growth throughout 2012–2019.

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Total EMR and EHR Market - Percent Revenue Forecast by Region

2019

2012

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*Rest of APAC includes India, China, Hong Kong, Bangladesh, Vietnam, New Zealand, Taiwan, and the Philippines.


Competitive Landscape – Total EMR and EHR Market in APAC

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EMR and EHR Market in APAC

Competitive Analysis—Market Share

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* A list of “Other” companies can be found in the appendix. For details on EMRAM Stages click here. Note: All figures are rounded. The base year is 2012. Source: Frost

& Sullivan analysis.

Megatrends and Industry Convergence Implications

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Convergence Implications

Decentralization of Healthcare Delivery

Social Media

Personalized Healthcare

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TechnologyAccess

WellnessPrograms

Patients today have more access to health information than ever before. This leads to a patient base that is taken personal responsibility of their health and demanding more from their physicians.

Impact of ASEAN Integration

Benefits of AEC to EMR and EHR Vendors

Challenges for EMR and EHR Vendors

1. Access to new markets2. Access to technological developments taking place in and best practices from other countries

3. Access to skilled labor4. Increased bargaining power in the

1. HIE laws, data definitions, and protocols are markedly different amongst APAC countries. Developing solutions for a unified market needs to be preceded by standardization by a regional or global authority, such as,

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4. Increased bargaining power in the global market, particularly when trying to penetrate the U.S. and European markets

5. Opportunities for large-scale projects due to consolidation in the industry.

regional or global authority, such as, AeHIN.

2. Regionalization could hurt the interest of small local vendors and niche participants, as they may not be able to compete with larger firms.

CEO’s Perspective

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CEO’s Perspective

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Health information exchange across countries is the stepping stone towards integration of healthcare delivery across APAC

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Governments across APAC are expected to spend an estimated $794.6 million on EMR and EHR programs by 2018

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3

Public and private sectors are gearing up for a massive shortage of medical and health IT professionals

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Effective EMR and EHR can relieve margin pressures, drive revenue growth, and improve quality of care delivery

5Humanizing EMR and EHR systems will be the next disruptive technology


Poll question

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Questions and Answers section

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section

Next Steps

� Request for a complimentary executive summary of the EMR and HER Market in Asia-Pacific.

� Request a proposal for our Growth Partnership Services or Growth Consulting Services to support you and your team to accelerate the

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Consulting Services to support you and your team to accelerate the growth of your company. ([email protected] )

� Register for Frost & Sullivan’s GIL Community Newsletter and keepabreast of innovative growth opportunities. It’s complimentary!(www.frost.com/news)

EMR and EHR Market in Asia-Pacific Research Service

With insights on emerging technology and market trends as well as the competitive

landscape.

Qualitative Data

• Demand analysis and buying behavior

• Pricing analysis

• Technology trends

• Analysis of market drivers and restraints

• Country-wise chapters

• Impact of megatrends

Quantitative Data

• APAC market size and forecasts

• APAC market size by hospital and ambulatory

segment

• APAC market shares by revenue

• Government investment towards EMR and

EHR systems

2525

• Impact of megatrendsEHR systems

• Country-wise market size, forecasts and split

by hospital and ambulatory segments across

7 countries

To get a complimentary executive summary To get a complimentary executive summary of this research service, email of this research service, email

[email protected]@frost.com

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