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Healthcare Information Technology Market in Australia
Frost & Sullivan, Dec 2010, Pages: 82
This Market Engineering research service has been developed to address the dynamics of healthcare information technology in Australia. The market is divided into two sub segments including administrative and clinical healthcare IT. This research service presents the key findings of Australian healthcare information technology market. It provides insight and forecast of market size. This research service also discusses market trends, market drivers, market restraints, technology trends and Australian government initiatives. The study completes with a section on IT ranking, covering 6 main parameters
Research Overview
This Frost & Sullivan research service titled Healthcare Information Technology Market in Australia covers the Australian healthcare information technology market, examining drivers and restraints for growth, technology developments, government initiatives, as well as demand and geographical trends. It also offers an analysis of the competitive situation, key strategic recommendations, and future outlook. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: patient related, financial, resource management, and clinical.
Market Overview
Encouraging Government Policies Help the Australian Healthcare IT Market Grow at a Compound Annual Growth Rate of 10.3 Percent
Bolstered by strong government backing in the form of supportive policies and initiatives, healthcare IT adoption in Australia will continue to post a double-digit compound annual growth rate (CAGR). The government is committed to the development of applications and technologies needed to deliver the best e-health systems that can improve infrastructure, interoperability, and the electronic health records (EHR) segment. “For example, local governments have various e-health programs such as Healthelink while the central government has created the National E-Health Transition Authority (NEHTA) to address e-health standards and infrastructural requirements,” says the analyst of this research. “Furthermore, there are other strong commitments by the central government, such as the deployment of a national broadband network, which will help enhance connectivity between patients, healthcare providers, and the government.”
The rapidly aging population and higher incidence of chronic diseases have placed increasing demands on healthcare services, spawning a need for higher investments in core clinical applications. Furthermore, hospitals in Australia are eager to hike healthcare IT usage to achieve higher efficiency and enhance patient safety and care, which will, in turn, result in higher profitability. “Market participants offer various applications and technologies that enable healthcare providers to conduct comprehensive examinations and avoid misdiagnosis,” notes the analyst. The concentration of population in the metros has caused a scarcity of healthcare providers and infrastructure in the rural areas, which has prompted the government to encourage the use of telemedicine. This favorable environment has fostered active competition in the market, attracting a healthy mix of both local and foreign participants. While the multinationals have intensive industry and market expertise, small and medium Australian companies can leverage their flexibility and ability to provide customized products and services to make the most of the vast market opportunities.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Patient related
- Financial
- Resource management
- Clinical
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