Australia Will Set the Standard for Asia’s Health Data Compliance Laws, predicts IDC Health Insights
Singapore and Hong Kong, December 1, 2011 – The Asia/Pacific region has shown dynamic growth in healthcare IT spending in the last year. However, the laws regarding data security, privacy and access have not been updated in the region. In fact, there are no laws specific to health records in most countries in the region. As Australia's personally controlled electronic health record (PCEHR) project develops, citizen’s health records will be taken out of the traditional, controlled environments. As such, there will be a need for clearer compliance laws pertaining to healthcare records. More insights will be revealed in a forthcoming IDC Health Insights report, “Asia/Pacific Healthcare 2012 Top 10 Predictions”, which presents the major trends that will impact healthcare IT investments across Asia/Pacific in 2012.
"Australia has been leading the region in per capita healthcare IT spending. It has also made attempts to upgrade the compliance laws around health information. But, as the full potential of its nationwide ehealth initiatives unfolds, there will be a greater need to upgrade and fine-tune these laws. IDC Health Insights envisage that Australia will demonstrate to the region the significance of healthcare-specific compliance laws in the coming year", says Sash Mukherjee, Senior Market Analyst, IDC Health Insights Asia/Pacific.
The Asia/Pacific region is marked by its lack of homogeneity. However, the overall market for healthcare IT has been vibrant the last year, and hopes abound that the trend will continue. As the hype around nation-wide electronic health record (EHR) settles, countries in the region will evaluate their individual health digitization needs, and choose to address them in different and unique ways.
One theme that will be common to almost all countries in the region is healthcare mobility. Mobility will be utilized for improvements in patient safety, point-of-care access to patient information, as well as clinical decision support. Expenditure on mobility will also manifest itself through investments in telemedicine for remote care and mobile applications for personal health management.
“Clinicians, as well as IT administrators, are aligned in their demands for EHR/EMR implementations, data management tools, security solutions and integrated analytics," continues Mukherjee. “Technology vendors are encouraged to collaborate with the right vendor partners, as well as with the healthcare providers, in order to find creative and innovative solutions to the unique technological and business needs of the industry. Healthcare providers, on the other hand, will need to take into account their size, budget and resources before investing in IT projects."
Drawing from the latest research and internal brainstorming sessions amongst IDC's Health Insights regional and country analysts, the following are the top 10 Predictions for healthcare providers in 2012 for the Asia/Pacific region. These top 10 predictions represent major trends with either the most significant financial impact or long-term market impact across the Asia/Pacific region.
1. The overall market for healthcare IT will remain vibrant even amidst fears of economic downturn
2. Medical tourism will prompt IT investments in emerging markets
3. Australia will lead the region into setting clearer healthcare specific compliance laws
4. Despite hype, most Asia/Pacific countries will not attempt nation-wide healthcare records systems
5. Best-of-breed Customer Information Systems (CIS) solutions will see increased investments
6. Concerns of data security breach will drive "hybrid security" investments
7. National broadband policies will revive telemedicine initiatives
8. The 2.0 revolution will drive market for healthcare applications
9. Business and clinical intelligence will become actionable
10. Data management and storage will be the key impetus for cloud adoption in healthcare
For more information about this report, “Asia/Pacific Healthcare 2012 Top 10 Predictions” (forthcoming), please contact Sheryl Fuertez at +65-6829-7758 begin_of_the_skype_highlighting +65-6829-7758 end_of_the_skype_highlighting or sfuertez @idc.com. To set up an interview with Sash Mukherjee, contact Lay Fang Tan at email@example.com.
About IDC’s Predictions
IDC’s annual Predictions in Asia/Pacific draws upon the latest IDC research and a worldwide brainstorming exercise among IDC’s 1000+ analysts. This was followed by an extensive regional review to weigh in on key industry events, user trends, vendor strategies and economic measures that promises to uniquely define the technology trends that would impact and drive the market in Asia/Pacific for 2012. Across the globe, following the release of IDC’s global top ten predictions, IDC’s geographic, technology and industry teams will be releasing their own specific predictions in the coming months. For more information, visit www.idc.asia/microsites/predictions/2012.
About IDC Health Insights
IDC Health Insights assists health businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the payer, provider and life sciences industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc-hi.com, email firstname.lastname@example.org, or call 508-935-4445 begin_of_the_skype_highlighting 508-935-4445 end_of_the_skype_highlighting. Visit the IDC Health Insights Community at http://idc-insights-community.com/health.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. For more than 46 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.