Asia Pacific Digital Health Market Size, Share & Trends Analysis Report By Technology (Tele-healthcare, mHealth), By Component (Software, Hardware, Services), By Application, By End-use, By Country, And Segment Forecasts, 2024 - 2030

Asia Pacific Digital Health Market Size, Share & Trends Analysis Report By Technology (Tele-healthcare, mHealth), By Component (Software, Hardware, Services), By Application, By End-use, By Country, And Segment Forecasts, 2024 - 2030

Asia Pacific Digital Health Market Growth & Trends

The Asia Pacific digital health market size is expected to reach USD 252.01 billion by 2030, registering a CAGR of 23.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Several factors, such as mHealth app providers, strong domestic digital health market for telehealthcare platform developers, e-prescription systems, and wearable device manufacturers, drive market growth. Moreover, the healthcare industry exhibits high growth potential for IT due to supportive government initiatives across the region. The growing trend of preventive healthcare & the rise in funding for mHealth startups are other factors boosting market growth. Digital health tools, such as remote patient monitoring (RPM), allow healthcare providers to keep track of their patient's health status without requiring them to visit healthcare facilities physically.

This innovative approach provides greater access to healthcare services, especially for people living in remote areas or those with mobility issues. In addition, RPM encourages patients to monitor their health actively, ultimately promoting self-management and engagement. For instance, CareMonitor, a digital healthcare software company in Australia, offers remote patient monitoring apps, community eMR, hospital in the home, chronic disease management apps, and perioperative care apps. The integration of wearable devices in healthcare has revolutionized how people monitor their health. With fitness trackers and smartwatches, individuals can continuously monitor vital signs, physical activity, and other health metrics. This real-time data gives people the power to control their health and allows healthcare professionals to offer tailored preventive care.

For instance, in September 2023, Sompo, an insurance provider, collaborated with TytoCare, an Israeli telehealth startup to deploy the AI-based remote medical device for nursing care services of the elderly. Furthermore, government initiatives to promote global digitalization in the healthcare sector are significantly propelling the market’s growth. For instance, in the 2022 budget session, the Indian Government introduced a digital health ecosystem as part of the Ayushman Bharat Digital Health Mission (ABDM). Moreover, the growing adoption of digital health solutions, such as telemedicine, mHealth, and telehealth solutions, to enable physical interactions among physicians and the patient population supports industry growth. For instance, MyDoc, a telehealth platform in Singapore, witnessed a 272% growth from January 2019 to January 2021.

Asia Pacific Digital Health Market Report Highlights

• The telehealthcare segment accounted for the largest share in 2023 due to the rising geriatric population and increased need for RPM services
• The services segment dominated the market in 2023 owing to the high demand for services, such as system integration, training & education, maintenance & support, and consulting
• The diabetes segment accounted for the highest revenue share of the overall market in 2023 and is projected to retain the leading position growing at the fastest CAGR from 2024 to 2030
• The patient segment held the largest market share in 2023 due to the high preference for telehealth and mHealth applications among the population

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