The Asia Pacific mHealth market is expected to observe impressive growth over the forecast period due to the increasing prevalence of chronic diseases, especially among geriatric population.
The Asia Pacific mHealth market is expected to observe impressive growth over the forecast period due to the increasing prevalence of chronic diseases, especially among geriatric population. As per a report by the United Nations, several APAC countries including Australia, China, and Japan have a growing elderly population, which is anticipated to increase in number over the coming years. Consequently, with the increasing geriatric population, the number of people suffering from chronic neurological illnesses like Alzheimer’s, Dementia has substantially increased, creating a need for effective health tracking solutions.
Meanwhile, various initiatives undertaken by regional governments have also boosted the growth of mHealth industry in APAC. With rising government initiatives and investments, there has been rise in launch of new smartphones across APAC, this is likely to increase the adoption of mHealth services among users. Additionally, the growing trend of using smart wearable devices among patients and health-conscious population will greatly impact the market positively.
According to reports, the APAC mHealth market is expected to surpass a valuation of $99.4 billion by 2026.
Below are three key trends that are likely to majorly influence APAC market expansion over the coming years.
Rising adoption of smart wearable devices
Wearable devices segment is likely to witness lucrative growth of around 41.5% over the forthcoming time period. The projected growth can be ascribed to the increasing need for monitoring conditions such as blood pressure, and diabetes among others. As per the National Institute of Health, India and China are two of the world’s most populated nations, with nearly 150 million patients who are suffering from diabetes.
Due to the rising prevalence of diabetes, the need for daily health monitoring has significantly increased the demand for these wearable devices. In fact, the use of smart wearable medical devices or smartphone-based medical devices have become essential tools in promoting the overall health.
Access sample pages of this report, “Asia Pacific mHealth Market Size By End-use (Physicians, Patients, Insurance Companies, Research Centers, Pharmacies, Biopharmaceutical Companies, Government, Tech Companies), By Platform (Mobile Apps {Wellness Management [Diet and Nutrition, Lifestyle and Stress, Exercise and Fitness], Health Condition Management [Disease Specific, Medication Reminders, Women’s Health and Pregnancy, Healthcare Providers/Insurance]}, Wearable Devices {Fitness Devices, Blood Glucose Monitors, Cardiac Monitors, Neurological Monitors, Respiratory Monitors, Body & Temperature Monitors}), By Application (Communication and Training, Education and Awareness, Diagnostics and Treatment, Disease and Epidemic Outbreak Tracking, Remote Data Collection, Remote Monitoring), Industry Analysis Report, Regional Outlook (China, India, Japan, Australia, South Korea, Singapore, New Zealand, Indonesia, Thailand), Application Potential, Competitive Market Share & Forecast, 2020– 2026” in detail along with the table of contents (ToC) @
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Increasing use of mHealth services by physicians
In terms of end-use, physicians segment will witness substantial growth over the coming years. In 2019, the segment held a valuation of approximately $2,792.9 million. This growth is ascribed to growing use of mobile devices by physicians which is resulting into the transformation of clinical practices in various facets of healthcare across APAC. The use of mHealth technology significantly elevates access point-of-care tools in order to ensure enhanced patient outcomes with better decision making.
Moreover, populations residing in far off locations have also increased their access to various mHealth services owing to the increasing adoption of mHealth technologies by physicians. This is allowing physicians to effectively facilitate their services across remote locations with the help of technology.
Rising adoption of mHealth services in China
On the geographical front, China mHealth market, in 2019, accounted for a valuation of approximately $2.3 billion and is further projected to grow substantially over the forthcoming years. This anticipated growth is ascribed to the growing elderly population and increasing incidence of chronic disorders. Various initiatives undertaken by government mainly to expand mHealth services in China has substantially increased the number of mHealth users.
With the ongoing COVID-19 outbreak, the use of various mHealth devices and apps has substantially increased among consumers. In addition, increasing investments on digital healthcare with a well-developed IT infrastructure has further increased the adoption of mHealth facilities.
Samsung Healthcare Solutions, Johnson & Johnson, Omron Healthcare, Inc., Medtronic PLC, Cisco Systems Inc., Philips Healthcare and AT&T among many others are some of the key players operating in the market.
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