Asia Pacific Digital Health Market Competition by Manufacturers 2030

Asia Pacific Digital Health Market Growth & Trends

The Asia Pacific digital health market size is expected to reach USD 260.7 billion by 2030 and is expected to expand at a CAGR of 21.80% over the forecast period, according to a new report by Grand View Research, Inc. Growing chronic disease patient population, and favorable government initiatives to develop digital healthcare platforms are some of the major factors anticipated to drive the market growth over the forecast years. In addition, rapidly growing healthcare IT infrastructure and increasing demand for remote patient monitoring services are also expected to boost the market growth in the region. Moreover, the growing penetration of smartphones and the internet is supporting the market growth.

China Digital Health Market size, by technology, 2020 - 2030 (USD Billion)

Asia Pacific Digital Health Market Segmentation

Grand View Research, Inc. has segmented the Asia Pacific digital health market on the basis of technology, component, and region:

Based on the Technology Insights, the market is segmented into Tele-healthcare, mHealth, Healthcare Analytics, Digital Health Systems.

  • The telehealthcare segment dominated the market with the highest revenue share of 45.5% in 2022 due to the increased adoption of telehealth and telecare service platforms for remote patient monitoring. Asia Pacific is a highly populated region with a rising number of communicable and non-communicable disease patients. However, there is a growing trend among patients, due to COVID-19, to gain access to a medical professional without stepping out of home, which is anticipated to boost the segment growth. In addition, government support to use telehealthcare platforms and changing regulations in favor of reimbursement of telemedicine are supporting the segment growth. The rising number of smartphone users with awareness to use health apps for self-diseases management is also propelling the segment growth.
  • In addition, the telehealthcare segment is also anticipated to grow at the fastest CAGR during the forecast period owing to the growing preference for remote patient monitoring services through telehealth platforms by physicians and the patients. Increasing awareness among patients suffering from chronic disorders to use telehealth platforms for long term and self-care is also anticipated to drive the segment growth over the forecast years.

Based on the Component Insights, the market is segmented into Software, Hardware, and Services.

  • The hardware component segment accounted for the highest revenue share of 41.6% in 2022 owing to the rapid digitalization of healthcare systems. In addition, the increasing commodification of digital health hardware, such as computing platforms, sensors, wearables, and the growing focus of the service providers on enhancing their digital health consumer base is anticipated to drive the segment growth.
  • However, the software segment is expected to register the fastest CAGR over the forecast years. This growth rate can be credited to the increasing availability of healthcare software and the rapid development of software for health management. In addition, the growing digitalization activities of healthcare institutions coupled with the increasing adoption of apps among patients, providers, and insurance payers are anticipated to boost the segment growth over the forecast years.

Asia Pacific Digital Health Regional Outlook

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Australia

Market Share Insights

  • November 2021: Doctor Anywhere, a Singapore-based company, acquired Doctor Raksa, one of the largest telemedicine platforms in Thailand. This platform served over a million customers with offerings, such as electronic medical summaries, online doctor and pharmacist consultations, e-prescriptions, and prescription refills.

Key Companies Profile & Market Share Insights

The growing geriatric population along with an increasing number of internet and smartphone users in the region creates immense opportunities for the market players.

Some of the prominent players operating in the Asia Pacific digital health market include,

  • Cerner Corp.
  • Allscripts
  • Apple, Inc.
  • Telefonica S.A.
  • McKesson Corp.
  • Epic Systems Corp.
  • QSI Management, LLC
  • AT&T
  • Vodafone Group
  • Airstrip Technologies
  • Google, Inc
  • Samsung Electronics Co. Ltd
  • HiMS
  • Orange
  • Softserve
  • Qualcomm Technologies, Inc.
  • MQure
  • Computer Programs and Systems, Inc.
  • Vocera Communications
  • IBM Corp.
  • Cisco Systems, Inc.

Order a free sample PDF of the Asia Pacific Digital Health Market Intelligence Study, published by Grand View Research.

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