We are monitoring the impact of COVID-19 on APAC IoT Healthcare Market Get in touch with us for detailed analysis Know More
Pulished Date April, 2021
ID: 11447
Share on
Share on

APAC IoT Healthcare Market Research Report – Segmented By Component, Application, End-User & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) – Industry Size, Share, Trends & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 11447
Pages: 100

APAC IoT Healthcare Market Size (2021 to 2026)

The APAC IoT Healthcare Market size is forecasted to be growing at a CAGR of 31.24% between 2021 to 2026.

The APAC IoT health market growth is primarily driven by factors such as IoT growth in the Healthcare industry, focusing on active patient participation and patient-centric care. The rising adoption of cost control measures in the healthcare sectors and the faster development of high-speed network technologies for IoT connectivity drive the APAC IoT healthcare market. Besides, an increase in IoT usage in healthcare allows for better medication treatment, resulting in increased demand growth. Furthermore, factors such as the rise in the number of chronic diseases and the need for more advanced medical care services are pushing businesses to implement new technology, such as online patient tracking. Technology allows for the practical observation of patients in environments other than conventional hospital settings, such as rural areas or homes.

Several advantages, such as increased chronic condition control, medical outcomes, and decreased pressure on healthcare services, drive innovative remote patient tracking systems. IoT technology bridges the gap between digital and physical data sources of data in the healthcare sector by monitoring behavior in real-time. Technologies based on IoT infrastructure aim to change the nature of telehealth networks to increase access to digitalized healthcare systems. Other factors, such as a rise in the number of digital health programs initiated by governments in emerging markets, are expected to drive market growth. Growing funding and investments in advanced technologies by the government and private organizations are more likely to contribute to market share. On the other hand, rising smartphone proliferation and the adoption of high-speed networking and connectivity solutions are projected to boost market growth.

However, the IoT healthcare market is hindered by strict regulatory guidelines. Infrastructure development issues in the healthcare sectors in underdeveloped countries in the APAC region impede the market growth. The IoT in the healthcare sector requires significant investments for renovation, which are out of reach for developing countries and limit the demand of the APAC IoT healthcare market. The market's main concern is that IoT is costly and complex, expected to restraint market growth. 

Impact of COVID-19 APAC IoT healthcare market:

The emergence of COVID-19 has shown a positive impact on the APAC IoT healthcare market growth. The rapid expansion of COVID-19 across Asian countries has penetrated the entire healthcare industry. The recent SARS-COV-2 has prompted IoT healthcare solution providers to respond quickly to meet the rising demand for high-quality virus protection services. 

Pharmaceutical companies and drug makers, vaccine developers are coming up with COVID-19 vaccines for hospitals and COVID-19 treatment centers. Telehealth, remote patient monitoring, and interactive medicine, and inpatient monitoring are expected to gain momentum during this pandemic period. The COVID-19 outbreak has increased demand for wearable devices that track health and fitness records, location and can be integrated with instruments such as laptops and smartphones. However, the market is expected to have better growth due to the increased adoption of health and fitness; there will be further purchases of in-stock wearables for real-time health monitoring.

This research report on the APAC IoT Healthcare market has been segmented into the following categories:

By Component:

  • Medical Device
  • Systems & Software
  • Service
  • Connectivity Technology

By Application:

  • Telemedicine
  • Workflow Management
  • Connected Imaging
  • Medication Management

By End-User:

  • Hospitals
  • Surgical Centers and Clinics
  • Clinical Research Organizations (CRO)
  • Government and Defense Institutions
  • Research and Diagnostic Laboratories Energy

By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

Geographically, the APAC region has seen significant growth in the global IoT healthcare market in the recent past. During the forecast period, APAC is expected to have the highest CAGR among all regions. In the APAC regional market, the healthcare industry is experiencing rapid growth due to the adoption of cutting-edge technologies such as the internet of things and machine learning, among others. As per the reports, it is estimated that the APAC region holds more than 50% of the world's population. The Major players in the market are China, India, and Japan, which are contributing to the largest regional market share.

In APAC, the Chinese market is expected to play a dominating role during the forecast period. It is anticipated to offer promising opportunities for the development of IoT in healthcare solutions. China utilizes information-intensive IoT technologies to meet the healthcare service demand and contribute to the regional market share.

The Indian market is one of the promising countries in the APAC market and is predicted to be the fastest-growing among all APAC nations. Favorable reimbursement programs, growing internet, and smartphone penetration, and investment and funding influence market growth. In recent years, rapidly spreading viruses and a shortage of medical personnel have prompted the government to take quick steps to adopt advanced technologies like IoT, blockchain, machine learning, and artificial intelligence.

Japan is most likely to register a healthy growth rate in the APAC IoT in the healthcare market. The major factors such as improved access to high-speed internet and the implementation of favorable government regulatory policies are the significant factors contributing to the growth of the internet of things in the healthcare market in this region.

KEY MARKET PLAYERS:

Companies that are expected to play a leading role in the APAC IoT Healthcare market during the forecast period are SAP SE, Koninklijke Philips N.V., CISCO Systems Inc., IBM Corporation, GE Healthcare, Microsoft, Qualcomm Life, Inc., Honeywell Life Care Solutions, Diabetizer Gmbh & Co. Kg, Proteus Digital Health, Adheretech Inc., Apple Inc.

  1. Introduction                                 
    1. Market Definition                    
    2. Study Deliverables                  
    3. Base Currency, Base Year and Forecast Periods                          
    4. General Study Assumptions                
  2. Research Methodology                                           
    1. Introduction                               
    2. Research Phases                      
      1. Secondary Research           
      2. Primary Research 
      3. Econometric Modelling      
      4. Expert Validation  
    3. Analysis Design                         
    4. Study Timeline                          
  3. Overview                                       
    1. Executive Summary                
    2. Key Inferences                         
    3. Epidemology                              
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    
    1. Market Drivers                          
    2. Market Restraints                    
    3. Key Challenges                         
    4. Current Opportunities in the Market                              
  5. Market Segmentation                                              
    1. Component                
      1. Introduction           
      2. Medical Device      
      3. Systems & Software           
      4. Service      
      5. Connectivity Technology   
      6. Y-o-Y Growth Analysis, By Component       
      7. Market Attractiveness Analysis, By Component     
      8. Market Share Analysis, By Component       
    2. Application                 
      1. Introduction           
      2. Telemedicine         
      3. Work Flow Management  
      4. Connected Imaging             
      5. Medication Management 
      6. Y-o-Y Growth Analysis, By Application         
      7. Market Attractiveness Analysis, By Application       
      8. Market Share Analysis, By Application        
    3. End User                      
      1. Introduction           
      2. Hospitals  
      3. Surgical Centers and Clinics              
      4. Clinical Research Organizations (CRO)         
      5. Government and Defense Institutions       
      6. Research and Diagnostic Laboratories Energy          
      7. Y-o-Y Growth Analysis, By End User            
      8. Market Attractiveness Analysis, By End User           
      9. Market Share Analysis, By End User             
  6. Geographical Analysis                                              
    1. Introduction                               
      1. Regional Trends    
      2. Impact Analysis     
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Component
        3. By Application
        4. By End User
      4. Market Attractiveness Analysis     
        1. By Geographical Area
        2. By Component
        3. By Application
        4. By End User
      5. Market Share Analysis      
        1. By Geographical Area
        2. By Component
        3. By Application
        4. By End User
    2. APAC                       
      1. Introduction           
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
      7. Rest of APAC
  7. Strategic Analysis                                       
    1. PESTLE analysis                         
      1. Political     
      2. Economic 
      3. Social         
      4. Technological         
      5. Legal          
      6. Environmental       
    2. Porter’s Five analysis                              
      1. Bargaining Power of Suppliers        
      2. Bargaining Power of Consumers    
      3. Threat of New Entrants     
      4. Threat of Substitute Products and Services              
      5. Competitive Rivalry within the Industry     
  8. Market Leaders' Analysis                                        
    1. SAP SE
      1. Overview 
      2. Product Analysis   
      3. Financial analysis  
      4. Recent Developments       
      5. SWOT analysis       
      6. Analyst View          
    2. Koninklijke Philips N.V.
    3. CISCO Systems Inc.
    4. IBM Corporation
    5. GE Healthcare
    6. Microsoft
    7. Qualcomm Life, Inc.
    8. Honeywell Life Care Solutions
    9. Diabetizer Gmbh & Co. Kg
    10. Proteus Digital Health
    11. Adheretech Inc.
    12. Apple Inc.
  9. Competitive Landscape                                           
    1. Market share analysis                            
    2. Merger and Acquisition Analysis                       
    3. Agreements, Collaborations and Joint Ventures                         
    4. New Product Launches                         
  10. Market Outlook and Investment Opportunities                                         
  11. Appendix                                           
    1. List of Tables       
    2. List of Figures                
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and also identify the regions that are still untapped.
  • The segment-level analysis in terms of by component, by application, by region, along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis, and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies, and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. APAC IoT Healthcare Market, By Region, From 2021 to 2026 (USD Billion)
  2. APAC IoT Healthcare Market, By Component, From 2021 to 2026 (USD Billion)
  3. APAC Medical Device Market, By Region, From 2021 to 2026 (USD Billion)
  4. APAC Systems & Software Market, By Region, From 2021 to 2026 (USD Billion)
  5. APAC Service Market, By Region, From 2021 to 2026 (USD Billion)
  6. APAC Connectivity Technology Market, By Region, From 2021 to 2026 (USD Billion)
  7. APAC IoT Healthcare Market, By Application, From 2021 to 2026 (USD Billion)
  8. APAC Telemedicine Market, By Region, From 2021 to 2026 (USD Billion)
  9. APAC Workflow Management Market, By Region, From 2021 to 2026 (USD Billion)
  10. APAC Connected Imaging Market, By Region, From 2021 to 2026 (USD Billion)
  11. APAC Medication Management Market, By Region, From 2021 to 2026 (USD Billion)
  12. APAC IoT Healthcare Market, By End User, From 2021 to 2026 (USD Billion)
  13. APAC Hospitals Market, By Region, From 2021 to 2026 (USD Billion)
  14. APAC Surgical Centres and Clinics Market, By Region, From 2021 to 2026 (USD Billion)
  15. APAC Clinical Research Organizations (CRO) Market, By Region, From 2021 to 2026 (USD Billion)
  16. APAC Government and Défense Institutions Market, By Region, From 2021 to 2026 (USD Billion)
  17. APAC Research and Diagnostic Laboratories Energy Market, By Region, From 2021 to 2026 (USD Billion)
  18. APAC Market, By Region, From 2021 to 2026 (USD Billion)

Please wait. . . . Your request is being processed

Related Reports

LICENCE TYPE

$ 1234 3335

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample