The size of the Asia Pacific eHealth market was valued at USD 3404 million in 2023 and is estimated to be growing at a CAGR of 18.13% and worth 7832 million by 2028.
The expansion of IoT and technological innovations increased the desire for mobile technology and the Internet. In addition, the rising demand for population health management is propelling the Asia Pacific eHealth market. As a result, lifestyle-related illnesses such as hypertension and diabetes are expected to rise over the forecast period. Furthermore, remote recording and exchanging medical records are possible due to patient-centered care and the growing digitization of products and services.
The Asia Pacific eHealth market is primarily driven by mHealth applications and telemedicine services that allow patients to monitor various health metrics from the comfort of their own homes. They also enable doctors and patients to communicate more quickly and directly and record and share medical records remotely, removing the need to visit a hospital. The eHealth market is undergoing a paradigm shift due to shifting regulatory requirements in the healthcare business. Because eHealth tools effectively meet mandated care quality goals while lowering costs, demand from many stakeholders is projected to rise in the future years.
Increased public awareness of eHealth and expanding acceptance among healthcare professionals, together with evidence of the efficacy of adopting this technology, are expected to propel this rapidly growing industry. In addition, the APAC eHealth market is increasing due to an increase in government initiatives to use eHealth solutions and services and an increase in the need to manage regulatory compliance using eHealth solutions, a large population base, and an increase in the number of chronic diseases.
To some extent, a scarcity of qualified specialists impedes growth. Furthermore, patients' concerns about the security of their data and the need to meet security standards for data protection are other vital factors restricting the expansion of the eHealth industry.
This research report on the Asia Pacific eHealth market has been segmented and sub-segmented into the following categories:
The Asia-Pacific eHealth market is expected to rise significantly during the forecast period. One of the key drivers of market expansion is the fast digitalization of healthcare infrastructure in emerging markets like India and China. Many doctors see healthcare IT solutions as time-consuming task that interferes with patient interactions. As customers increasingly use online healthcare services, the size of the Japanese market is predicted to rise at a special rate.
The Chinese eHealth market accounted for a considerable share of the APAC market in 2022 and is expected to grow at a promising CAGR during the forecast period owing to the increasing number of government programs and policies that encourage the development of advanced and technologically advanced healthcare facilities.
The Indian eHealth market is anticipated to showcase a notable CAGE during the forecast period owing to increased investments from the Indian government in favor of healthcare IT and infrastructural development.
The Japanese market is another promising regional market for eHealth in Asia-Pacific. It is projected to hold a considerable share of the APAC market in the coming years. The Honebuto Plan, which allows people to get medical care online, was introduced in Japan. In addition, the pharmacist's act for remote medicine prescriptions, the medical practitioners' act for telediagnosis, gene testing, and other services, and the act on the use of telecommunications technology in document preservation for electronic medical records, among others, are now well-established laws and regulations in Japan. In the country, medical app-assisted treatments are increasing at a consistent rate. The pharmacist's act, the medical practitioner's act, and DNA testing are instances of stringent rules and laws in Japan that encourage the use of virtual healthcare.
KEY MARKET PARTICIPANTS:
Companies playing a noteworthy role in the APAC eHealth market are Boston Scientific Corp., IBM, Motion Computing Inc., GE Healthcare, Epocrates Inc., Telecare Corp., CompuMed, Medisafe, SetPoint Medical, Doximity, Lift Labs, Proteus Digital Health and Apple.
The eHealth market in the Asia-Pacific was valued at USD 3404 in 2023.
China accounted for the major share of the APAC eHealth market in 2022.
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