Asia-Pacific Mobile Health Market | Forecast 2023

Asia-Pacific Mobile Health Market

Asia-Pacific Mobile Health Market Overview:

The Asia-Pacific mobile health market is expected to record positive CAGR in 2018-2023 the forecast period . The market is developing and is expected to account for significant future revenues due to rising awareness among people and favorable regulatory regulations specific to the quality and feasibility of mobile-based medical devices.

Increased Smartphone and Tablet Use:

From tablets to wearables, mobile device use has increased on the market, and healthcare suppliers are no exception. Approximately 80 percent of physicians are using smartphones. Healthcare professionals use of mobile devices converted many elements of clinical practice. It has resulted to fast growth of medical software applications apps for these platforms. Mobile phones and applications offer many advantages to healthcare practitioners, most notably enhanced access to point-of-care instruments, showed support for better clinical decision-making and enhanced patient results. In 2014, it was estimated that around 60% of smartphone owners used their mobile phones to search for health information. Mobile applications are currently being created with HIPAA compliance. HIPAA-compliant developed apps make private practices, hospitals, and other healthcare systems implement mobile devices without major regulatory complications. The rise in mobile and tablet usage drives the Asia-Pacific mobile health market.

In addition, variables such as public knowledge of the potential advantages of healthcare management, enhanced need for point-of-care diagnosis and therapy, and concentrate on personalized medicine and patient-centered strategy are driving development in the Asia-Pacific mobile health industry.

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Issues of Data Security:

Rapid technological advances in mHealth research generate opportunities and challenges, including creating scalable systems capable of collecting unprecedented amounts of data and conducting interventions while protecting research participants privacy and safety. In 2015, most top data breaches involved third-party cybersecurity threats. The 1996 Health Insurance Portability and Accountability Act HIPAA compliance remains a key issue in mobile device security. Until security and privacy are assured, physician use of apps remains limited, hampering market growth. Additionally, strict regulatory policies for mobile health applications are expected to curb market growth.

Asia-Pacific Anticipated More Growth Than Other Regions:

Asia-Pacific is anticipated to experience the greatest development rate during the forecast period owing to increasing people s knowledge of illnesses and elevated market penetration of mobile platforms in the region. Countries like China and Japan were recognized as prospective emerging markets in Asia-Pacific owing to elevated R&D investments.

Asia-Pacific Mobile Health Market Key Developments:

June 2017 Johnson & Johnson purchased Actelion.

Asia-Pacific Mobile Health Market Key Players:

Apple, Vodafone, Qualcomm Life, Cardionet, Inc., Medtronic, Inc., Philips Healthcare, and Samsung Electronics Co. Ltd, among others.

Reasons to Purchase Asia-Pacific Mobile Health Market Report:

In advanced and emerging economies, current and future Asia-Pacific Mobile Health Market perspective. Analysis of multiple market views with Porter s five-force analysis. Segment expected to dominate the market. Regions expected to experience the highest development in the prediction era. Identify the recent trends, market shares and strategies of significant market players. 3-Month Analyst Support and Market Estimate Excel.

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