Published Date: 2021-08-24
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APAC Digital Health Market size is poised to surpass USD 74 billion by 2027, according to a latest forecast report by Graphical Research.
The rising geriatric population is one of the key driving factors for digital health growth in the Asia Pacific region. The era of wearable technology, telehealth, and online behavior tracking has the potential to improve the healthcare system. Over the long-term technologies like mobile apps, augmented reality (AR), online behavior tracking, etc. are predicted to advance the healthcare infrastructure and these technologies will become a part of daily routine. This will enable healthcare professionals to monitor the patient health, thereby improving the treatment outcome for elderlies.
The rising number of smartphone and internet users in the region is anticipated to drive the market in the future. Increasing incidence of chronic disease, rising cancer cases, and increasing spread of communicable diseases are predicted to encourage the growth of the digital health market. Moreover, high penetration of internet in countries such as Singapore, Japan, and growing use of health apps in developing economies of India and China will boost the market growth. However, regulatory restrictions in developing economics may hamper the growth of digital health during the forecast period.
Browse detailed statistical insights from the report, “Asia Pacific Digital Health Market Forecast 2027 By Technology [Tele-healthcare {Telecare (Activity Monitoring, Remote Medication Management), Telehealth (LTC Monitoring, Video Consultation)}, mHealth {Wearables (BP Monitors, Glucose Meter, Pulse Oximeter, Sleep Apnea Monitors, Neurological Monitors), Apps (Medical, Fitness)}, Health Analytics, Digital Health System (EHR, e-prescribing System)], By Component [Hardware, Software, Services], Research Report, Country Outlook (Japan, China, India, Australia, South Korea, Malaysia, Indonesia, Thailand, Singapore, Philippines), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1164/asia-pacific-digital-health-market
The mHealth segment will show a significant growth of 28.8% during the forecast period. The mHealth segment is further classified into wearables and apps. Wearable includes glucose meter, BP monitor, pulse oximeter, neurological monitors, sleep apnea monitors, and others. Wearable devices are anticipated to drive the market growth of digital health owing to increasing wealth among people and high technological advancement or innovation of these devices.
The software segment accounted for over 33.4% market share in 2020. The segmental growth of software is attributed to the rising number of healthcare startups in the region, high venture capital investment, and rising government initiatives. Software like electronic health records, online symptom tracking software’s and among others became very popular after the COVID-19 breakout. For instance, in April 2020, WebMD launched symptom checker software for people. The software became very popular and people adopted the new technology at a faster rate.
The China digital health market is expected to reach USD 22.3 billion by 2027. The high-country growth is attributable to rising government initiatives. China is investing hugely in big data, artificial intelligence, and other IT healthcare settings. Also, companies like Alibaba launched healthcare Cloud for providing AI computing power to analyze big data, screening large digital literature, and using supercomputers for innovation of new healthcare technology.
The APAC digital Health market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027, for the following segments:
Asia Pacific Market, By Technology
Asia Pacific Market, By Component
The above information has been provided for the following countries:
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