Asia Pacific Mobile Health (mHealth) Market Outlook 2031:
The Asia Pacific mobile health (mHealth) market size was valued at USD 13.56 Billion in 2022 and is projected to reach USD 95.50 Billion by 2031, expanding at a CAGR of 24.22% during the forecast period 2023 - 2031. The growth of the market is attributed to rising demand for remote delivery of healthcare services.
mHealth offers the benefit of remote monitoring of patients with electronic communication. The combination of current innovation has enabled availability of tele-consulting with video-conferencing tools. This aids healthcare professionals in monitoring the patients in real time with certain health conditions.
The telemedicine services include a wireless communication system, which improves the safety of the patients and practitioners. Consequently, with the expanding geriatric population, the quantity of individuals experiencing chronic neurological sicknesses such as Alzheimer's, Dementia has generously expanded, which has increased the requirement for compelling health tracking solutions.
Asia Pacific Mobile Health (mHealth) Market Trends, Drivers, Restraints and Opportunities
- Increasing prevalence of chronic diseases, especially among geriatric population, is driving the market growth.
- Rapid growth in the adoption of mobile health services among the aging population is expected to boost the mHealth market growth.
- Expanding awareness regarding remote patient monitoring is spurring the development of the market.
- Rising penetration of digitization in the healthcare industry is anticipated to fuel the growth of the market.
- The ongoing episode of the COVID-19 pandemic has increased the dependence of mHealth services owing to social distancing norms.
- Mobile health as a cost-effective platform for diagnosis and treatment is projected to spur market growth in the coming years.
- Data security issues of mHealth services can hinder the growth of the market.
- Government initiatives to promote the adoption of mHealth in Asia Pacific is likewise expected to create lucrative opportunities during the forecast period.
Scope of the Asia Pacific Mobile Health (mHealth) Market Report
The report on the Asia Pacific mobile health (mHealth) market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Mobile health (mHealth) Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Service Types (Monitoring Services, Diagnostic Services, Treatment Services, Wellness and Fitness Solutions, and Others), Device Types (Blood Glucose Monitors, Cardiac Monitors, Hemodynamic Monitors, Neurological Monitors, Respiratory Monitors, Body and Temperature Monitors, Remote Patient Monitoring Devices, and Others), and Stakeholders (Mobile Operators, Healthcare Providers, Application/Content Players, and Others)
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Geography Scope
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India, China, South Korea, Japan, and Rest of Asia Pacific
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Cisco Systems Inc; Medtronic PLC; Philips Healthcare; Johnson & Johnson; and Samsung Healthcare Solutions.
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Mobile Health (mHealth) Market Segment Insights
Wellness and fitness solutions segment is anticipated to constitute a key market share
On the basis of service types, the market is segregated into monitoring services, diagnostic services, treatment services, wellness and fitness solutions, and others. The wellness and fitness solutions segment is projected to expand at a considerable CAGR during the forecast period. Rising health consciousness and increasing variety of fitness applications are major factors driving the market growth.
Blood glucose monitors segment is estimated to account for a significant market share.
Based on device types, the Asia Pacific mobile health (mHealth) market is divided into blood glucose monitors, cardiac monitors, hemodynamic monitors, neurological monitors, respiratory monitors, body and temperature monitors, remote patient monitoring devices, and others.
The blood glucose monitors segment is estimated to account for a significant market share during the forecast period. Advancement and development in the industry due to rising diabetes incidence is propelling the market segment growth.
Mobile operators segment is expected to grow at a rapid pace
In terms of stakeholders, the market is divided into mobile operators, healthcare providers, application/content players and others. The mobile operators segment is estimated to account for a significant share of the market owing to the improvements in network infrastructure, growth in the usage of 4G and 5G technologies, and an increase in the number of mobile users.
The market in India is estimated to exhibit a robust CAGR
On the basis of geography, the Asia Pacific mobile health (mHealth) market is segregated into India, China, South Korea, Japan, and Rest of Asia Pacific. India is anticipated to account for a major market share due to rising penetration of Internet and presence of various companies providing remote healthcare services.
Segments
The Asia Pacific mobile health (mHealth)market has been segmented on the basis of
Service Types
- Monitoring Services
- Diagnostic Services
- Treatment Services
- Wellness and Fitness Solutions
- Others
Device Types
- Blood Glucose Monitors
- Cardiac Monitors
- Hemodynamic Monitors
- Neurological Monitors
- Respiratory Monitors
- Body and Temperature Monitors
- Remote Patient Monitoring Devices
- Others
Stakeholders
- Mobile Operators
- Healthcare Providers
- Application/Content Players
- Others
Geography
- India
- China
- South Korea
- Japan
- Rest of Asia Pacific
Key Players
Competitive Landscape
Key players competing in the Asia-Pacific mobile health (mHealth) market are Cisco Systems Inc; Medtronic PLC; Philips Healthcare; Johnson & Johnson and Samsung Healthcare Solutions.
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