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Key Findings

•The Australian healthcare information technology (IT) market is expected to grow at a compound annual growth rate (CAGR) of x % between 2013 and 2020, reaching an estimated market value of $ x billion by 2020.
•Australian governments as well as healthcare providers are enthusiastic about investing in technology, but want to ensure that technology investments lead to improvements in care quality and efficiency, rather than becoming a burden for clinicians.
•The majority of healthcare IT spending is concentrated on mid- to large-sized hospitals, primarily in the public sector, involving replacing legacy solutions with more advanced systems.
•New South Wales, Victoria, and Queensland have traditionally been the highest spenders on health technology, and this trend is expected to continue over the next five years.

Scope and Segmentation

•Healthcare information technology covers a plethora of systems and solutions that have a common end goal—to improve the quality of healthcare while reducing cost. For the purpose of this report, the healthcare IT market consists of software, solutions, and maintenance services but does not include hardware.
•Examples of healthcare IT solutions in scope are hospital information systems (HIS), including revenue management, financial management, human resource management, customer relationship management, knowledge management, and supply chain management systems; clinical applications, including laboratory information systems (LIS), radiology information systems (RIS), picture archiving, and communication systems (PACS); and electronic medical records (EMR), electronic health records (EHR), computerized physician order entry (CPOE), clinical decision support (CDSS), and patient portals.
•Healthcare providers include primary care centres, general practitioners (GPs), secondary care centers, mental institutions, and tertiary hospitals.
•Market scope does not include software and solutions used by pharmacies and insurance organizations.

Demographic Profile

Key Takeaway: Shifts in the demographic profile have had a profound impact on the healthcare system in Australia.
Demographic Challenges in Australia
•Between 1994 and 2014, the proportion of people above 65 years of age in Australia increased from x % to x %. However, the working age population percentage (those between 15 and 64) remained fairly constant during the same period.
•The aging population in Australia presents an economic burden because it will negatively impact labor productivity and labor participation in the next three decades. It will further add costs in the form of increased healthcare spending, aged care and pensions.
•Incidence of chronic diseases like coronary heart disease (CHD), diabetes, obesity, and chronic obstructive pulmonary disease (COPD) are on the rise with diseases like obesity costing $ x billion annually in 2008 to 2009.

Healthcare Expenditure

Key Takeaway: Cost of healthcare in Australia is not just an economic concern; it has become a political issue involving introduction of radical policy measures.
Key Takeaway: Healthcare expenditure is funded by the commonwealth and state governments, private insurers, individuals, and other non-government sources through a complex system.

State of Healthcare Expenditure in Australia
•There has been a decline in public healthcare spending in 2012 to 2013, as reported by the Australian Institute of Health and Welfare. Federal government spending experienced a real decrease of x % over the previous year in the same period.
•On the other hand, out-of-pocket spending has increased in the same period, raising many political debates around healthcare funding in the country.
•Capital expenditure includes spending on purchase of and investment into fixed assets, while recurrent expenditure includes spending on wages, salaries, day-to-day operations, purchase of goods and services and utilization of fixed assets.
•Recurrent expenditure accounts for x % of total health expenditure and has been increasing steadily over the past decade. Capital expenditure, which includes investment in technology, has not increased significantly in the past decade.
•New South Wales increased healthcare spending by x % in 2013 while Victoria increased spending by x % in the same year. All other states did not experience a marked difference in healthcare expenditure.

Table Of Contents

Analysis of Healthcare IT Spending in Australia : An Already Sophisticated Market is Driving Innovation by Vendors
Executive Summary 3
Healthcare Industry Overview 7
Healthcare IT Market Overview 13
Competitive Playbook 17
Total Healthcare IT Market ---
• Drivers and Restraints 23
• Forecast and Trends 31
• Demand Analysis 39
Emerging Companies to Watch 42
The Last Word 48
The Frost and Sullivan Story 53

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