Asia Pacific Digital Health Market Size, Share & Trends Analysis Report By Technology (Tele-healthcare, mHealth, Healthcare Analytics), By Component (Hardware, Services), By Region (China, Australia), And Segment Forecasts, 2023 - 2030

Report Overview

The Asia Pacific digital health market size was valued at USD 54.5 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 21.80% from 2023 to 2030. The increasing consumer base for remote healthcare consultation, growing investments in digitalization of healthcare institutions, and rising number of chronic and infectious disease patient populations are some of the major factors anticipated to drive the market growth. In addition, the growing adoption of virtual healthcare services and increasing internet penetration are also expected to accelerate the market growth in this region. Furthermore, the increasing number of COVID-19 cases in Asia Pacific accelerated the adoption of digital health platforms for remote healthcare services.

This, in turn, is anticipated to boost the market growth over the coming years. For instance, according to the United Nations Office for the Coordination of Humanitarian Affairs (OCHA), the total number of COVID-19 cases is projected to rise to over 74.1 million in the Asia Pacific by the end of January 2022. Moreover, the growing adoption of the internet and smartphones in the Asia Pacific region accelerated the scope of using medical, health & fitness applications, which, in turn, is anticipated to boost the market growth. For instance, according to the World Bank Data, the percentage of individuals using the internet in South Asia increased from 18.78% in 2018 to 35.33% in 2019.

In addition, the large population living in remote locations are also seeking virtual healthcare services, which is further anticipated to support the market growth. Furthermore, increasing awareness about telehealth services and the growing demand for low-cost remote patient monitoring services are expected to propel the market over forecast years. The growing prevalence of several chronic and infectious disorders in Asia Pacific and the increasing geriatric population, prone to several old age disorders, are also predicted to drive the adoption of remote healthcare services. For instance, in 2021, the Integrated care for chronic diseases in Asia Pacific countries report by the WHO reported that about one-fourth of the population in this region will be 60 years old by 2050.

The WHO also predicted a 20% increase in death due to non-communicable diseases in the year between 2010 to 2020. Therefore, the urgent need for continuous care using digital platforms to manage and treat non-communicable diseases is further supporting the market growth. In addition, the growing adoption of clinical information systems in the form of telehealth and electronic medical records to deliver real-time care and self-management support is also anticipated to support the market growth over the coming years. Moreover, this kind of platform eliminates the need for an in-person consultation and reduces the hassles of scheduling appointments, which, in turn, reduces unnecessary costs and care expenses, thereby driving the market growth.

Furthermore, an increase in healthcare digitalization activities and growing government initiatives in the field of remote patient monitoring are also expected to propel the growth of the market over the coming years. For instance, the Indian Government launched National Telemedicine Service or eSanjeevaniOPD in April 2020, which completed about 1.2 crore teleconsultations by September 2021. In addition, increasing promotion by the government and non-government organizations for the use of telehealth, telecare, and remote patient monitoring services for long-term care services is also expected to accelerate the market growth over the forecast years in Asia Pacific.

The growing unprecedented public health crisis COVID-19 pandemic has catalyzed digital healthcare platform adoption in the region. Rapid infection of COVID-19 and the risk of virus transmission among the patients and medical professionals also increased the demand for remote healthcare service adoption. In addition, the government-imposed lockdown and shut down in the populated countries, such as India and China, reduced the face-to-face healthcare consultation and increased the virtual consultation services adoption, propelling the market growth during the COVOD-19 pandemic.

COVID19 Asia Pacific Digital Health Market Impact: an increase of 21.7% market growth between 2020 and 2021

Moreover, rapid technological advancements and government initiatives to promote digital health consultation and telecommunication also enhanced the market growth in 2020. For instance, in February 2020, the Chinese government launched a “close contact detector” application that gives information about the near person who has been suspected or confirmed of having the virus. Furthermore, increasing initiatives by the healthcare institutions for the digitalization of health systems has also supported the market growth.

Technology Insights

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. Moreover, the benefits of using telehealth platforms, such as lowering the risk of communicable disease transmission, lower service cost, and remote diagnosis and management of several chronic disorders, in which, face-to-face interaction of patient and provider is not required are also expected to fuel the segment growth.

Component Insights

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. Increasing government support to develop new products for remote patient monitoring will also accelerate the segment growth. For instance, in 2020, All India Institute of Medical Sciences (AIIMS) associated with Electronics Corp. of India Ltd. (ECIL), under the Department of Atomic Energy (DAE), and developed ‘Monal 2020’, a remote health monitoring solution.

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. Moreover, the growing number of smartphone users, improvisation of healthcare IT infrastructure, and increasing penetration of the internet are anticipated to fuel the segment growth over the forecast period.

Regional Insights

China accounted for the largest revenue share of over 27.7% in 2022 owing to the increased smartphone and internet penetration. In addition, the increasing burden of chronic diseases, the growing elderly population, and rising awareness about the usage of remote healthcare services will drive the adoption of digital health platforms in China. Moreover, the COVID-19 pandemic coupled with the growing digitalization of healthcare institutions will also boost the market growth over the coming years. The fastest growth rate is expected from South Korea, followed by Australia during the forecast period.

This is owing to the rapid digital transformation of the healthcare system and increasing government initiatives. In addition, growing awareness among individuals about the use of digital platforms for their health records to manage diseases further supported the market growth. For instance, according to the department of health annual report 2020-21, about 22.97 million Australians have a My Health Record (MHR) system, which provides greater control of an individual’s health information, anywhere and at any time. There is an increase of 8% in MHR users since 2019-20, which tracks information on immunizations, medications, and allergies.

Key Companies & 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. Key business strategies adopted by market players include new product development with improved functionality and providing lower-cost services. Furthermore, increasing collaboration & acquisition activities by key players and the growing number of startups in the market are expected to drive the market over the coming years. For instance, in 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. Some of the prominent players 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. 

Asia Pacific Digital Health Market Report Scope

Asia Pacific Digital Health Market Segmentation

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2030. For the purpose of this study, Grand View Research, Inc. has segmented the Asia Pacific digital health market report on the basis of technology, component, and region:

• Technology Outlook (Revenue, USD Million, 2016 - 2030)

  • Tele-healthcare

    • Tele-care

      • Activity Monitoring

      • Remote Medication Management

    • Telehealth

      • LTC Monitoring

      • Video Consultation

  • mHealth

    • Wearables

      • BP Monitors

      • Glucose Meters

      • Pulse Oximeters

      • Sleep Apnea Monitors

      • Neurological Monitors

      • Activity Trackers/ Actigraphs

    • mHealth Apps

      • Medical Apps

      • Fitness Apps

    • Services

      • mHealth Service, By Type

        • Monitoring Services

          • Independent Aging Solutions

          • Chronic Disease Management & Post-Acute Care Services

        • Diagnosis Services

        • Healthcare Systems Strengthening Services

        • Others

      • mHealth Services, By Participants

        • Mobile Operators

        • Device Vendors

        • Content Players

        • Healthcare Providers

  • Healthcare Analytics

  • Digital Health Systems

    • EHR

    • E-Prescribing Systems

• Component Outlook (Revenue, USD Million, 2016 - 2030)

  • Software

  • Hardware

  • Services

• Regional Outlook (Revenue, USD Million, 2016 - 2030)

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Singapore

    • Australia