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Healthcare Industry in Australia - IT Market Assessment

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The Healthcare IT sector of Australia, being one of the developed markets, has seen a positive growth owing to the introduction of advanced IT products and services. Australian Healthcare IT sector comprises healthcare organizations (hospitals, nursing homes, diagnostic centers, dental hospitals, clinics, etc.), persons (doctors, dentists, nurses, and other caregivers), and health insurance providers. The Australian Healthcare IT market has been shifting from being a hospital focused market to a patient focused market. IT solutions such as enterprise software solutions, hospital management, and clinical management systems have been implemented successfully, and are now accepted by the Australian healthcare providers. Further, Australia being one of the progressive nations in the eHealth sector, has provided efficient avenues for storage, retrieval, and management of healthcare information. Also, owing to rising of aging population, remote healthcare services such as patient monitoring devices and telemedicine have been deployed to a large extent. The report forecasts the IT spending of the Australian Healthcare Industry for the period 2008-2012. It discusses the segmentation of this Industry based on technology, and also highlights the market trends and challenges that characterize the industry. Further, it discusses the key growth drivers and barriers of the Healthcare Industry in Australia, and profiles some of the key vendors operating in the Healthcare Industry in Australia.

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									Healthcare Industry in Australia
       Regional Sector Profile - 2008
                                                                                       Re por t H ea der
                                                         Healthcare Industry in Australia - 2008




                                    Table of Contents

In trodu cti on ................................................................................. 4
2. IT Spending and Forecast ............................................................ 5
3. Market Trends ........................................................................... 6
  3.3. Tel emedicin e Indu stry ........................................................... 6
4. Market Segmentati on by Techn ol ogy Type ....................................... 8
5. Growth Drivers ........................................................................ 10
  5.1 Collaborati on and Integration of Health care In formation .............. 10
  5.2 Enh an cing Mobility of In formation ........................................... 10
  5.3 Redu cing Operational Costs ................................................... 10
  5.4 Empowered Cu stomers .......................................................... 10
6. Growth Barriers ....................................................................... 11
  6.1 Skill Workforce Sh ortage ....................................................... 11
  6.2 Di stributi on probl ems ........................................................... 11
  6.3 Pri vacy an d Secu rity of Data .................................................. 11
  6.4 Limited Bu dgets .................................................................. 11
7. K ey Vendors ........................................................................... 12
  7.1 Baxter Internation al In c. ....................................................... 12
  7.2 Health Commu nication Network .............................................. 13
  7.3 IBA Health Group Limited ...................................................... 14
  7.4 Philips Health care ................................................................ 15
  7.5 Toumaz Techn ology Limited ................................................... 16
Oth er Reports in This Seri es .......................................................... 17




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                                                        Healthcare Industry in Australia - 2008




                                     List of Exhibits
Exhibit 2.1: Au stralian Health care IT Spen ding an d Forecast 2 008- 2012
(In $ million) ............................................................................... 5
Exhibit 4.1: IT Market Segmen tati on by Techn ol ogy Type for Australian
Heal th care Indu stry – 2008 ............................................................. 8
Exhibit 4.2: IT Market Segmen tati on by Techn ol ogy Type for Australian
Heal th care Indu stry – 2012 ............................................................. 9




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                                                    Healthcare Industry in Australia - 2008




Introduction
The Healthcare IT sector of Australia, being one of the developed markets, has seen a
positive growth owing to the introduction of advanced IT products and services. Australian
Healthcare IT sector comprises healthcare organizations (hospitals, nursing homes,
diagnostic centers, dental hospitals, clinics, etc.), persons (doctors, dentists, nurses, and
other caregivers), and health insurance providers.


The Australian Healthcare IT market has been shifting from being a hospital focused market
to a patient focused market. IT solutions such as enterprise software solutions, hospital
management, and clinical management systems have been implemented successfully, and
are now accepted by the Australian healthcare providers. Further, Australia being one of the
progressive nations in the eHealth sector, has provided efficient avenues for storage,
retrieval, and management of healthcare information. Also, owing to rising of aging
population, remote healthcare services such as patient monitoring devices and telemedicine
have been deployed to a large extent.


The Healthcare IT market in Australia is now focusing on the provision of standardization
and enhancement of data security through encouragement and establishment of mandate
procedures being followed for IT solutions.




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                                                        Healthcare Industry in Australia - 2008




2. IT Spending and Forecast
According to TechNavio, IT spending by the Healthcare Industry in Australia is forecast to
reach $2,746.8 million in 2012 from $2,080 million in 2008; thus, growing at a CAGR of 7.2
percent over the forecast period (exhibit 1.1). The growth from 2007 to 2008 was at 4
percent, after which a dip in the growth to 2 percent is estimated owing to the recession in
the year 2009. A rise in the growth rate to 8 percent is forecast in the years 2010 and 2011,
with a further increase to 11 percent in 2012.

Exhibit 2.1: Australian Healthcare IT Spending and F
								
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