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Analysts forecast a doubling of healthcare IT market in APAC countries
Posted on August 21st, 2009 No commentsFrost & Sullivan estimates the Health Information Technology market by revenue in 2008, in APAC (Southeast Asia, China, Japan and Australia) was close to USD5.04 billion with an annual growth rate (CAGR) of 11.8 percent from 2005-2008. Although the APAC healthcare IT market represents currently only 2.1 percent of the total healthcare market, it is very likely that the figure could double if not triple that in the next 10 years, according to Frost and Sullivan analysts.
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Analysts forecast a doubling of healthcare IT market in APAC countries
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