Navigation Links
IT Budgets of Healthcare Organizations in Asia Pacific Region Expected to Grow, Regardless of the Economic Slowdown, says Frost & Sullivan

SINGAPORE, June 1 /PRNewswire/ -- While the economic slump has driven several companies to resort to strategic budget and cost-cutting initiatives, healthcare organizations are increasing their spending on healthcare information technology (IT) solutions and services to enhance healthcare delivery quality while addressing the issue of mounting healthcare costs.


New analysis from Frost & Sullivan, Healthcare Information Technology: CIO Insights, analyzes the trends in the IT budgets of hospitals and the drivers, barriers and challenges to IT investment in healthcare organizations. The study covers Southeast Asia (Singapore, Indonesia, Malaysia, Thailand and Philippines), Australia & New Zealand, India and China. The market earned revenues of over $5 billion in 2008 and this is estimated to reach $ 10 billion in 2012.

"Healthcare providers no longer consider IT solutions and services an unnecessary cost burden, but a critical value provider," says Frost & Sullivan consultant Dr. Pawel Suwinski. "In public and private hospitals, IT budgets are expected to increase from the year 2009 to 2011."

Spiraling healthcare costs, demand for better quality of healthcare, and rising labour shortage are some of the challenges faced by healthcare delivery organizations. Chief Information Officers (CIOs) and IT managers of hospitals realize that investments in healthcare IT solutions will lower medical errors and costs in the longterm. These factors are driving increased IT spending by healthcare providers.

On the other hand, public and private hospital CIOs' and IT managers' strategic IT investment plans are likely to be hampered by budget constraints and integration issues in the near future.

"Lack of industry standards in countries such as India and China is a major hindrance to the adoption of healthcare IT solutions," explains Dr. Suwinski. "It is important to have the appropriate standards for ease of information flow in the healthcare environment."

The future trend concerning healthcare IT adoption varies from country to country. For instance, in India, the focus is on replacing legacy systems. In Australia and Southeast Asia, hospitals have the basic administrative solutions in place and are now concentrating on adoption of clinical information systems and electronic medical records.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents. To join our Growth Partnership, please visit

    Emmie Kaur
    Corporate Communications -Healthcare, Asia Pacific
    DID: +603 6204 5913

    Jasminder Kaur
    Corporate Communications -Healthcare, Asia Pacific
    DID: +65 6890 0937

SOURCE Frost & Sullivan
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. MedTrust Online Completes Second Round of Financing, Releases Next Generation Search Engine for Oncology Utilizing Dell eHealthcare Architecture Framework
2. Skyscape's Mobile Healthcare Professional Community Crosses the 1 Million Mark
3. Beckman Coulter to Present at the 2009 Goldman Sachs Healthcare Conference
4. AUDIO from Medialink, Bayer Healthcare and Onyx Pharmaceuticals: Facts About Hepatitis
5. Citi Private Equity Executive Joins Water Street Healthcare Partners
6. Cenegenics Poses Challenge to Obama for Successful Healthcare Reform
7. The Year of Affordable Healthcare Brings Together San Francisco Community Groups to Tackle Healthcare Crisis
8. Carefx's Newest White Paper Illuminates Healthcare CIOs' Growing Role in Operations, Strategic Thinking and IT Project Decision Making
9. Darwin Appoints Becky Cox Vice President, Business Development, Healthcare
10. NCPO: Medication and Counseling Vital for Healthcare Reform, Implementation and Future Patient Care Improvements
11. Oregon Department of Human Services Selects APS Healthcare to Manage Expanded Statewide Medicaid Program
Post Your Comments:
(Date:11/24/2015)... ... ... American Family Care (AFC), the nation’s leading provider of urgent care and ... Metro Atlanta’s North Point Mall. The clinic is designed to test the concept of ... to operate through Dec. 24. , Holiday Pop-Up Clinic , Official Opening November 27, ...
(Date:11/24/2015)... ... , ... Cold Shoulder , LLC launched their Pro Vest, the latest version of their ... of $20,000 in under 10 hours. , The campaign, which will continue ... Vest to the market. , The PRO Vest provides consumers with a less expensive, one-size ...
(Date:11/24/2015)... ... November 24, 2015 , ... Sir Grout of ... the TrustDale certification. The award recognizes good companies for excellence in service and ... and grout, and hard surface restoration company earned this recognition after a thorough ...
(Date:11/24/2015)... ... ... Dr. Kevin Day, local family chiropractor in Warsaw , is hosting ... During the Indiana winter months, Vitamin D deficiency can lead to Seasonal Affective ... to help provide the tools needed to combat it this year! , “Stress kills ...
(Date:11/24/2015)... (PRWEB) , ... November 24, 2015 , ... ... engineer of patented products, announces Fragrance by Marcelle, a cosmetic invention which offers ... Perfume & Fragrance Manufacturing Market in the US is worth $3 billion annually," ...
Breaking Medicine News(10 mins):
(Date:11/24/2015)... Connecticut , November 24, 2015 ... of Acadiana has entered into a multi-year agreement ... imaging centers. This investment will provide the Breast Center ... --> Sectra (STO: SECT B) announces that ... agreement to deploy Breast Imaging PACS in its ...
(Date:11/24/2015)... Switzerland , November 24, 2015 ... Research of the University of Bern ... Clinical Nutrition of the Bern University Hospital "Inselspital" are ... to develop a novel generation artificial pancreas. Combining a ... insulin for diabetic patients with the unequalled accuracy of ...
(Date:11/24/2015)... 24, 2015  Figure 1, a free mobile-first network ... cases, has launched a new completely redesigned web version ... allows radiologists, who work primarily on a desktop, to ... with its radiologist user base, Figure 1 is hosting ... North America (RSNA) Annual Meeting. ...
Breaking Medicine Technology: