The APAC digital health monitoring market is expected to grow at a CAGR of 37.6% from 2017 to 2024.The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Asia-Pacific (APAC) Digital Health Monitoring Market By Product Type (Devices (Blood Pressure Monitors, Blood Glucose Monitors, ECG, Oximeters, Peak Flow Monitors, Multi Parameter Monitors, Sleep Apnea Monitors, Neurological Monitors, Others), Software (Healthcare Apps, Chronic Disease Apps, Personal Health Apps, Others), Services (Remote Monitoring, Consultancy Services, Treatment Services, Fitness and Wellness Services, Others), By Country (China, India, Japan, South Korea, Singapore, Australia, Rest of APAC) – Trend and Forecast to 2024
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Digital health products are shifting the continuous monitoring market from healthcare professionals to consumers hence creating an entirely new market scope. The digital health monitoring market is helping the healthcare monitoring from diagnosis to predictive approach.
Consumers get control of the device and the continuous data management, provided with miniaturization, portability, its wireless component, noninvasive body sensors, and integration with the smartphone, decreasing the physician vists for regular check-ups. The big issue of this market is no reimbursement so for the manufacturers it’s a concern that who will the payer in this market, hence somewhat restraining the market growth.
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However with cheaper and more effective technologies coming in the market the constraint with reimbursements will be controlled.
The APAC digital health monitoring market is segmented based on product types into 3, namely digital health devices, digital health software and digital health services. The digital health devices market includes mobile devices and is further segmented into blood glucose monitors, ECG monitors, blood pressure monitors, oximeters, peak flow monitors, neurological monitors, sleep apnea monitors, multi parameter monitors, and others.
Blood glucose monitors is expected to grow at the highest CAGR due to the increasing prevalence and risk of diabetes in the APAC market expecially China and India.
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The digital health software market includes mobile apps for healthcare and is segmented into healthcare apps, chronic disease apps, personal health apps and others. Some of the major inclusions in this segment are weight loss apps, fitness tracking apps, aware and alert apps, diabetes maintenance apps, pregnancy apps, blood pressure monitoring apps, PHR apps among others.
The digital health services market includes remote monitoring, diagnosis and consultation services, fitness and wellness services, prevention services and others. The software and services market is propelled by the acceptance of android and ios phones in developing markets.
Based on geography the market is segmented into 7 countries, China, India, Japan, South Korea, Singapore, Australia and rest of APAC. Japan is expected to dominate the market, while China and Singapore are expected to be the growing with highest CAGR in the forecast period.
The players in this APAC digital health monitoring market are using mergers, acquisition and development of technology as penetration strategies. The report also includes new developments, future technological advancements, recent strategically decisions, expansions and product launches.
The key players in the digital health market are Medtronic, In c., Apple, Inc., Sanofi, Mobisante, Inc., AirStrip Technologies, Inc., AliveCor, Inc., LifeWatch AG, Nike Inc., Koninklijke Philips N.V., Johnson & Johnson, Jawbone, Omron Corporation, Withings, BioTelemetry Inc., athenahealth, Inc., AgaMatrix, Inc., iHealth Lab, Inc., AT&T, Qualcomm, Cerner Corporation, Diversinet, and Cisco, Inc. among others.
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