HEALTHCARE | Staff Reporter, Singapore

Security issues hold back APAC's healthcare analytics market

The market also faces hurdles from fragmented international relations.

Issues with security and confidentiality of information are holding back the growth of Asia Pacific's healthcare analytics market, which is projected to rise at a CAGR of 19.85% from 2020 to 2025, a report from Market Data Forecast revealed.

There has been a dramatic growth in healthcare analytics, which in turn will help in improving efficiency, accuracy and service delivery, resulting in better quality of patient care.

However, hurdles associated with creating an analytics network, a result of fragmented international political and economic relations, may act against the market's growth.

Also holding back growth are technological and cultural barriers, as well as a dearth of skilled workforce.

The market is projected to hit $4.42b by 2025. Asia Pacific accounts for only 7.5% of the global market in 2019 but is expected to witness the highest growth rate during the period.

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