Healthcare Industry in Russia - IT Market Assessment

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					Healthcare Industry in Russia
      Regional Sector Profile - 2008
                                    Table of Contents


1. Introdu cti on ............................................................................. 3
2. IT Spending & Forecast ............................................................... 4
3. Market Segmentati on .................................................................. 5
4. IT Sal es Opportunities ................................................................ 6
5. Market Trends ........................................................................... 7
6. IT Sal es Dri vers ........................................................................ 8
7. IT Market Growth Barri ers ........................................................... 9
8. Health care IT Vendors .............................................................. 10
  8.1 Au riga In c. ......................................................................... 10
  8.2 Carestream Health In c. ......................................................... 11
  8.3 iSoft ................................................................................. 12
  8.4 Philips Health care ................................................................ 13
  8.5 Si emens Health care ............................................................. 14
Oth er Reports in This Seri es .......................................................... 15




                                      List of Exhibits

Exhibit 2.1: Market Siz e and Forecast for th e Health care IT In du stry in Ru ssia
2008- 2012 (in $ million) ................................................................. 4
Exhibit 3.1: Ru ssia Heal th care IT In du stry Spend Segmen tation – 2008 .... 5
Exhibit 4.1: IT Sales Opportu nity in th e Ru ssian Health care In du stry ........ 6
                                                          Healthcare Industry in Russia - 2008




1. Introduction
Russia accounts for the maximum number of hospitals in the European region, and is the
largest healthcare market in Eastern and Central Europe. Increase in the aging population
and lifestyle diseases in Russia have compelled the healthcare sector to revamp its medical
service delivery system. The healthcare sector in Russia is thus focusing on providing
sustainable and personalized healthcare to its citizens. It is also directing its efforts towards
strengthening the primary healthcare services and developing preventive healthcare. In
addition, the country is also aspiring to improve the quality of care and increase the
availability of healthcare services throughout the country.


Medical institutions in Russia are realizing the need for Healthcare IT applications for saving
time, maintaining records, and providing efficient services. The growth of the Healthcare IT
market over the years has been supported by the public sector through various initiatives,
to construct an effective health system. Some of the initiatives are: implementation of
national program 'Health', allocation of funds for restructuring the existing IT infrastructure
of government owned hospitals/clinics, etc.


Healthcare organizations are spending on IT in the areas of: consulting services, electronic
health records, specialized information systems (such as Radiology and Cardiology
Information Systems), enterprise networking features, and enterprise-wide integration.
Healthcare IT is also being used in the areas of Personal Health Systems for providing point
of care diagnosis and monitoring facilities. However, it is estimated that in 2009, the
Healthcare IT market in Russia would be affected by the global spending slowdown. In
addition, the IT uptake by the Healthcare sector would be hindered by the reduction in
government funds for the medical services.


Russia is one of the preferred destinations for IT Outsourcing services, and the emerging
demand for Healthcare Outsourcing would also benefit the IT market. The Russian
government plans to implement a Unified Information System for Health services in the
near future, to be at par with the Western European countries. Apart from this, health
models, emphasizing on interoperability, could possibly be rolled out as a part of the
continued e-Russia initiative (which includes Telemedicine and distance learning for health
professionals), with the collective efforts of the public and private healthcare organizations.




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                                                         Healthcare Industry in Russia - 2008




2. IT Spending & Forecast
According to TechNavio, the IT spending by the Healthcare Industry in Russia is forecast to
reach $687.1 million in 2012 from $434.7 million in 2008; thus, growing at a CAGR of 12.1
percent (Exhibit 2.1). The growth rate is expected to decline to 5 percent in 2009 in
comparison to 15 percent growth in 2008. However, the figure will again reach a value of 19
percent (year-on-year growth) by 2012.

Exhibit 2.1: Market Size and Forecast for the Healthcare IT Industry in Russia 2008-2012 (in $
million)

            800
				
DOCUMENT INFO
Description: Russia accounts for the maximum number of hospitals in the European region, and is the largest healthcare market in Eastern and Central Europe. Increase in the aging population and lifestyle diseases in Russia have compelled the healthcare sector to revamp its medical service delivery system. The healthcare sector in Russia is thus focusing on providing sustainable and personalized healthcare to its citizens. It is also directing its efforts towards strengthening the primary healthcare services and developing preventive healthcare. In addition, the country is also aspiring to improve the quality of care and increase the availability of healthcare services throughout the country. The report forecasts the IT spending of the Russian Healthcare Industry for the period 2008-2012. It discusses the market segmentation of this industry based on the IT spending, and also highlights the IT sales opportunity in the Healthcare Industry in Russia. Further, it also discusses the market trends that characterize this industry. The key growth drivers and barriers of the Healthcare Industry in Russia, and profiles of some of the key vendors operating in this industry are also covered in this report.
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