Asia Pacific Digital Health Market Size 2020 - Industry Trends Report to 2026

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Asia Pacific Digital Health Market to hit 107.5
Bn by 2026 Graphical Research
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APAC Digital Health Market Size is estimated to
reach USD 107.5 Billion By 2026. Increasing
importance of digital health and technologies led
to increase in venture capital investment to a
great extent. For instance, Healthtech funding in
the Asia Pacific region reached USD 5.5 billion
in 2018 that was almost four times as compared to
the funding achieved in 2015. Countries such as
China, India and Southeast Asia were leading in
terms of signing healthtech in Asia Pacific
region. Such a steady amount of funding will make
digital health a stable market to invest in.
Furthermore, large number of investors are
showing interest in funding digital health
platforms and start-ups owing to immense growth
opportunities and favorable return-on-investment.
Therefore, increasing number of venture capital
investments will spur growth of APAC digital
health market in the future.   Furthermore, in
India, Indian Health Service (IHS) maintains an
EHR for IHS, Tribal, and Urban Indian health care
facilities. This EHR, called the Resource and
Patient Management System (RPMS), provides many
of its facilities access to decades of personal
health information and epidemiological data on
local populations. Such government initiatives
should propel the APAC digital health market
growth.   On the basis of technology, the APAC
digital health market is segmented into
tele-healthcare, mHealth, healthcare analytics
and digital health system. Digital Health system
segment accounted for about USD 7.0 billion in
2019 and is expected to show lucrative market
growth during the forecast time period. Super
specialty clinics and hospitals are using
healthcare informatic technologies such as
Electronic Health Record (EHR) and Radiology
Information System (RIS) that are integrated with
medical transcription IT solutions. These
technologies help to lessen the medical
documentation timelines and help invest greater
effort in diagnostic procedures. This will
increase the segment adoption that will in turn
impact the overall market growth.
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On the basis of components, the APAC digital
health market is segmented into hardware,
software and services. The software segment
accounted USD 4.7 billion in 2019 and is
anticipated to show steady pace of 33.2 CAGR
throughout the analysis time period. Owing to
technological advancements, growing software
applications and affordable cost associated with
these software applications will drive the
segmental growth. Furthermore, the cloud-based
solutions have leveraged significantly in
healthcare settings in the past few years. With
cloud-based solutions providing computing
potential and high data storage, hospitals could
benefit from strengthening data protection at
reduced cost. This will increase the adoption and
propel the segment growth. The China digital
health market accounted revenue of USD 3.9
billion in 2019 and is expected to show
significant growth over the forthcoming years.
High growth rate is due to rising disposable
income coupled with rising incidence of lifestyle
disorders such as diabetes and hypertension in
the country. Widespread adoption of new
technologies such as mobile devices, initiatives
by the Chinese government to assist eHealth to
meet long-standing inefficiencies will further
drive the market growth. Moreover, the government
has reduced barriers in e-commerce, that makes it
easier to register for online pharmacies and
drives market growth in China.   Major market
players operating in digital health industry are
BioTelemetry, Allscripts Healthcare, McKesson
Corporation, Koninklijke Philips, Cerner
Corporation, Cisco and Qualcomm among others.
These market players focusing on various business
strategies such as collaboration, geographic
expansion to strengthen their market position.
For instance, in March 2019 Abbott launched
digital service program in India. This launch
helped the patient in various healthcare needs
for treatment and awareness. The launched has
strengthen the companys geographical expansion.
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Segmentation of Asia Pacific Digital Health
Market APAC Digital Health Market, By
Technology, 2015-2026 (USD Million) Tele-healthcar
e Telecare Telehealth mHealth Wearable BP
monitors Glucose meter Pulse oximeter   Health
Analytics Digital health system Electronic health
records (EHR) e-prescribing system APAC Digital
Health Market, By Component, 2015-2026 (USD
Million) Hardware Software Services
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The above information is provided for the
following countries Asia Pacific China India Japa
n Australia Singapore Malaysia South
Korea Thailand Indonesia Philippines
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