Asia Pacific Digital Health Market Growth, Size, Trends, Share, Revenue, Scope and Future Outlook
Asia Pacific Digital Health Market Size– By Technology, By Component- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: HLCA2407 | Pages: 1 - 156 | Formats*: |
| Category : Healthcare | |||
Asia Pacific Digital Health Market Introduction and Overview
According to SPER Market Research, the Asia Pacific Digital Health Market is estimated to reach USD 235.05 billion by 2033 with CAGR of 22.9%.
The report includes an in-depth analysis of the Asia Pacific Digital Health Market, including market size and trends, product mix, applications, and supplier analysis. The integration of electronic communications and information technologies with different healthcare operations is known as digital health. Telehealth, medical wearables, digital healthcare systems like EMR and EHR medical apps, healthcare analytics, and many more are examples of digital health services. The user's overall healthcare experience, illness management, and patient care are all intended to be improved by this approach.
- May 2020: The year saw the development of "Monal 2020," a remote health monitoring system, by the All India Institute of Medical Sciences (AIIMS) in collaboration with Electronics Corp. of India Ltd. (ECIL), a division of the Department of Atomic Energy (DAE).
- November 2021: A Singaporean business called Doctor Anywhere purchased Doctor Raksa, one of Thailand's biggest telemedicine platforms. Offerings include electronic medical summaries, online doctor and pharmacist consultations, e-prescriptions, and prescription refills were provided to more than a million users on this platform.
Market Opportunities and Challenges
A growing number of people with chronic illnesses and encouraging government attempts to create digital healthcare platforms are some of the key factors expected to propel market growth over the projected years. Furthermore, the region's market is anticipated to rise at a faster rate due to the quickly expanding healthcare IT infrastructure and the rising need for remote patient monitoring services. Additionally, the industry is expanding due to the increasing use of cell phones and the internet. Furthermore, a lot of patients used telehealth platforms for remote diagnosis and treatment as a result of the lockdown and travel ban, which is expected to propel the market throughout the forecast periods. The big population that lives in rural areas is also expected to assist the growth of the industry by requesting virtual healthcare services.
One of the main things impeding the growth of the digital health services market is the high prices involved. Furthermore impeding market expansion is a shortage of qualified personnel to handle patient data and administer and manage the software between healthcare providers and providers. Other significant concerns in the digital health market in the APAC area include data security and privacy. Fraud and unauthorized users abuse the information that is kept in the application and sends it to the healthcare provider, which has a detrimental effect on the expansion of the market. For digital health enterprises, navigating the various regulatory regimes across many nations in the Asia Pacific area can be challenging. Complying with several regulatory standards and regulations can be difficult and time-consuming.
Market Competitive Landscape
Massive potential are created for the market players by the region's aging population as well as the rising number of internet and smartphone users. Key business tactics used by industry participants include developing new products with enhanced functionality and offering services at a reduced cost. In addition, a growing number of start-ups in the industry and a rise in key players' collaboration and acquisition activities are anticipated to propel the market in the upcoming years. Some of major players are Apple Inc., AT&T, Allscripts, Google Inc., Orange, Qualcomm Technologies, Inc., MQure, Cerner Corporation, McKesson Corporation, Epic Systems Corporation and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Technology, By Component |
| Regions covered | Australia, China, India, Japan, South Korea, Singapore |
| Companies Covered | Apple Inc., AT&T, Allscripts, Google Inc., Orange Qualcomm Technologies, Inc., MQure, Cerner Corporation, McKesson Corporation, Epic Systems Corporation and various others |
COVID-19 Impact on Asia Pacific Digital Health Market
The number of coronavirus cases increased, which led to a decline in in-person health consultations and an increase in demand for virtual consultations. This contributed to the COVID-19 pandemic's increased use of digital health. Governmental campaigns to encourage the adoption of mobile applications for remote health management during the pandemic also contributed to the market's expansion. The COVID-19 pandemic has led to an increase in the use of telehealthcare services in the region due to government-imposed lockdowns and limitations on social movement. Telehealth's primary services include mental health, prescription drug and pharmacy services, and specialized consulting services. Furthermore, a lot of patients used telehealth platforms for remote diagnosis and treatment as a result of the lockdown and travel ban, which is expected to propel the market throughout the forecast periods.
Key Target Audience:
- Healthcare Providers and Professionals
- Health Tech Companies
- Insurance Companies and Payers
- Patients and Caregivers
- Research and Academic Institutions
- Patients Advocacy Groups
- IT and Tech Service Providers
- Public Health Organizations
- Medical Device Manufacturers
Our in-depth analysis of the Asia Pacific Digital Health Market includes the following segments:
| By Technology: |
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| By Component: |
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| By Region: |
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Key Topics Covered in the Report:
- Asia Pacific Digital Health Market Size (FY’2023-FY’2033)
- Overview of Asia Pacific Digital Health Market
- Segmentation of Asia Pacific Digital Health Market By Technology (Telecare, Telehealth, mHealth wearables, mHealth apps, mHealth services, Healthcare analytics, Digital health systems)
- Segmentation of Asia Pacific Digital Health Market By Component (Software, Hardware, Services)
- Statistical Snap of Asia Pacific Digital Health Market
- Expansion Analysis of Asia Pacific Digital Health Market
- Problems and Obstacles in Asia Pacific Digital Health Market
- Competitive Landscape in the Asia Pacific Digital Health Market
- Impact of COVID-19 and Demonetization on Asia Pacific Digital Health Market
- Details on Current Investment in Asia Pacific Digital Health Market
- Competitive Analysis of Asia Pacific Digital Health Market
- Prominent Players in the Asia Pacific Digital Health Market
- SWOT Analysis of Asia Pacific Digital Health Market
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Asia Pacific Digital Health Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia Pacific Digital Health Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Pacific Digital Health Market
7. Asia Pacific Digital Health Market, By Technology (USD Million)
7.1. Asia Pacific Digital Health Market Value Share and Forecast, By Technology, 2023-20337.2. Digital health systems7.3. Healthcare analytics7.4. mHealth apps7.5. mHealth services7.6. mHealth wearables7.7. Telecare7.8. Telehealth
8. Asia Pacific Digital Health Market, By Component (USD Million)
8.1. Asia Pacific Digital Health Market Value Share and Forecast, By Component, 2023-20338.2. Hardware8.3. Services8.4. Software
9. Asia Pacific Digital Health Market Forecast, 2019-2033 (USD Million)
9.1. Asia Pacific Digital Health Market Size and Market Share
10. Asia Pacific Digital Health Market, By Technology, 2019-2033 (USD Million)
10.1. Asia Pacific Digital Health Market Size and Market Share By Technology (2019-2026)10.2. Asia Pacific Digital Health Market Size and Market Share By Technology (2027-2033)
11. Asia Pacific Digital Health Market, By Component, 2019-2033 (USD Million)
11.1. Asia Pacific Digital Health Market Size and Market Share By Component (2019-2026)11.2. Asia Pacific Digital Health Market Size and Market Share By Component (2027-2033)
12. Asia Pacific Digital Health Market, By Region, 2019-2033 (USD Million)
12.1. Asia Pacific Digital Health Market Size and Market Share By Region (2019-2026)12.2. Asia Pacific Digital Health Market Size and Market Share By Region (2027-2033)12.3. China12.4. Japan12.5. India12.6. South Korea12.7. Singapore12.8. Australia
13. Company Profile
13.1. AT&T13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. AirStrip Technologies13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Apple Inc.13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Allscripts13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Cerner Corporation13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Epic Systems Corporation13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. McKesson Corporation13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Qualcomm Technologies, Inc.13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments15.20 Others
16 List of Abbreviations
17 Reference Links
18 Conclusion
19 Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia Pacific Digital Health Market size is USD 235.05 Billion from 2023 to 2033.
Asia Pacific Digital Health Market Segment is Covered By Technology, By Component
The Asia-Pacific region is anticipated to have the highest market share in Asia Pacific Digital Health Market.
The key players in the market include Companies Covered Apple Inc., AT&T, Allscripts, Google Inc., Orange Qualcomm Technologies, Inc., MQure, Cerner Corporation, McKesson Corporation, Epic Systems Corporation and various others
A growing number of people with chronic illnesses and encouraging government attempts to create digital healthcare platforms are some of the key factors expected to propel market growth over the projected years.
Asia Pacific Digital Health Market is projected to reach USD 235.05 Billion by 2033, growing at a CAGR of 22.9% during the forecast period.
Asia Pacific Digital Health Market grew in market size from 2023. The Market is expected to reach USD 235.05 Billion by 2033, at a CAGR of 22.9% during the forecast period.
Asia Pacific Digital Health Market CAGR of 22.9% during the forecast period.
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