Asia-Pacific eHealth Market will grow at a CAGR of 26.6% by 2029

Asia-Pacific eHealth market is supportive and aims to reduce the progression of the disease. Data Bridge Market Research analyses that Asia-Pacific eHealth market will grow at a CAGR of 26.6% from 2022 to 2029.

Asia-Pacific eHealth market is driven by factors such as the increased prevalence of chronic diseases, increased technological advancements in eHealth, increased demand for telehealth, and increasing government initiatives supporting eHealth solutions and services. Healthcare expenditure has increased across developed and emerging countries, which is expected to create a competitive advantage for manufacturers to develop new and innovative eHealth products. Additionally, the surge in healthcare expenditure and increase in the prevalence of chronic diseases positively affect the eHealth market. However, the high treatment cost restricts patients from accommodating high-quality and practical solutions. Henceforth, the high cost of professional eHealth services harms the cost of the overall market. Therefore, the use of telehealth affects the market's growth as patients prefer the self-monitoring of disease by telehealth devices is influencing the market.

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A relatively new kind of healthcare delivery assisted by electronic procedures and communication is called eHealth (sometimes spelled eHealth). The word is used in various ways because it encompasses "nearly anything linked to computers and medicine," not just "Internet medicine" as it was originally defined at the time. Some contend that it can be used interchangeably with the term "health informatics," which they define as including all electronic and digital health processes. In contrast, others define it more specifically as Internet-based healthcare. It can also comprise mHealth, or m-Health, links and applications on mobile devices.

The usage of numerous digital technologies is expected in eHealth. For instance, the internet enables eHealth users to correspond via email with medical experts, access medical records, look up health information, and conduct person-to-person text, audio, and video exchanges.

Drivers

Increase in the prevalence of chronic diseases
With the rising economic growth, people are more interested in long-term health and wellness. Diabetes patients need devices to monitor their sugar levels, check pregnancy, increase the demand for pregnancy strips, and monitor blood pressure. There is a growing demand for devices such as blood glucose monitors, sphygmomanometers, and others. Home healthcare management service helps manage chronic diseases such as diabetes, heart failure or chronic obstructive pulmonary disease (COPD), and cancer. Its service includes nursing service, hospice service, and medication dispensing.

Chronic diseases, including cancer and cardiovascular disease, are increasing in Asia-Pacific. Below are some of the chronic diseases increasing, due to which the demand for home healthcare services has increased as it will provide day-to-day treatment to those suffering from chronic diseases. As a result of the sedentary lifestyle of people, the prevalence of lifestyle-associated disorders such as hypertension and diabetes shows the rise nowadays. Thus, the rising prevalence of chronic diseases with the growing integration of healthcare data with portable devices is expected to demand proper health management, leading to the anticipated increasing demand for e-health services in the Asia-Pacific eHealth market in the forecast period.

Rise in the technological advancements in eHealth
Devices based on new technologies such as big data, analytics, and cloud-based services help store patients' data. This data is accessible to patients and doctors, where the patient can check his treatment history from anywhere and at any time. Mobile App facilitates the relationship between doctors and patients. A patient can check for the doctors and medical status and even access the doctor's information at any time. Moreover, increasing technological advancements in eHealth devices with advanced features have resulted in proper management for patients and doctors, which is anticipated to boost the Asia-Pacific eHealth market growth.

Visiting a hospital and further undergoing treatment is quite an expensive procedure. To avoid repeated visits to hospitals, the company manufactures devices with advanced technology, which helps in improving the quality of life of patients, thus boosting the growth of the Asia-Pacific eHealth market.

Recent Development

In August 2022, Boston Scientific Corporation announced the acquisition of Obsidian, Inc., which developed the Gel Embolic Material technology and was a privately held company. In addition, the U.S. FDA has approved the GEM technology, and this acquisition will help Boston Scientia Corporation grow its business.
Key Market Competitors Covered in the Report

Epocrates Inc
Telecare Corporation
MEDISAFE
Set Point Medical
IBM
Doximity, Inc
GE Healthcare
Cerner Corporation
Allscripts
McKesson Corporation
Koninklijke Philips N.V
Siemens Healthineers
Optum, Inc
Epic Systems Corporation
Athenahealth
Cisco Systems
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