Asia-Pacific Region Leads the Worldwide mHealth Market by Touching Lives

For more than a decade healthcare has remained a major challenge in developing nations. In spite several developments particularly in medical technologies and rise in income levels, healthcare sector continuous to change cost – effectiveness, complexities and access worldwide. Research analysts at Allied Market Research eyeing the growth rate, share, size and key trends in the mHealth market say developing countries such as Indian, China, Australia, Japan and rest of Asia primarily encounter challenges when offering healthcare access to citizens. An article published in Forbes indicated that 2014 was an exciting year for the sector and much depended on the type of stakeholder an individual was. This article shows that healthcare spending in the APAC region was valued at $ 1.34 trillion in 2013. It says that the sector is likely to garner $ 2.21 trillion by 2018. 

mHealth Market Answers Major Healthcare Problems 

Mobile technology is poised to occupy a significant position in the healthcare sector. Today, mobile access has become highly ubiquitous globally when compared to healthcare access. Developed markets have already observed mobile penetration over 100 percent. A study carried out by PwC reveals that mobile penetration in the APAC region was expected to increase by 98 percent in 2014. Also, the advent of smartphones and 3G and 4G networks have offered a notable shift in the use of mobile platform for offering healthcare services. Thus feasibility of mobile devices backing healthcare services is higher than before. Mobile health that uses devices and mobile communication for attaining health results is at an inflection point. 

Advent of Mobile Technology Brings Transition in Home Care 

Penetration of mobile technology across different countries in the Asia – Pacific nations is over 100 percent. These nations include Australia, Cambodia, Thailand, South Korea and Malaysia among others. Smartphone penetration in countries like South Korea is more with Singapore occupying a second place. The technology has further become highly ubiquitous to lay a foundation that facilitates monitoring at home. 

Today, developing nations such as Australia and Japan are sanctioning funds for retirement village. Additionally, Countries including Malaysia and Singapore have finally taken a lead when it comes to constructing facilities for aged care. Overall environment in the APAC region now is favorable for mHealth. 

Growing Physician Acceptance of mHealth Market 

The acceptance mHealth services by physicians would be a major enabler in the Asia. Furthermore, this is likely to scale up the sector as medical practitioners would further facilitate adoption rate through recommendations. These solutions can not only boost capabilities of healthcare providers and aid treat many patients. 

Moreover, the solution will also aid in enhancing efficiency of medical practitioners and other providers and empowering them to treat, diagnose as well as monitor people by overcoming the hurdles faced by traditional methods. This will free up a physician’s time and resources and enable his treat his patient who need more attention. Thus, mHealth also help higher value cases. Physicians practicing in Asia – Pacific region are confident that mobile heath can provide greater visibility when it comes to periodic data and encourage constant patient communication to boost the efficacy of a treatment. 

Report titled “mHealth Asia-Pacific Market - Opportunities and Forecasts, 2014 – 2020” published by Allied Market Research takes a closer look at the overall market status. As per the study the mHealth market in the APAC region is likely to garner $ 2.3 billion by 2020. Apart from this, researcher conducting the study highlights that the sector would register a CAGR of 35.8 percent by the same year. Stakeholders looking for relevant data on the business performance across Asia would find the report worth their time and investment. 

 

 

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