Market Research Report
ASIA PACIFIC INTERNET OF THINGS (IOT) IN HEALTHCARE MARKET FORECAST 2018-2026
|Published by||Inkwood Research||Product code||628604|
|Published||Content info||87 Pages
Delivery time: 2-3 business days
|ASIA PACIFIC INTERNET OF THINGS (IOT) IN HEALTHCARE MARKET FORECAST 2018-2026|
|Published: April 23, 2018||Content info: 87 Pages||
The Asia Pacific Internet of Things (IoT) in healthcare market is the fastest evolving region at 30.29% of CAGR throughout the years 2018 to 2026. Aging population, increasing healthcare expenditure, government policies in healthcare sector are the major factors driving the IoT in healthcare market in Asia Pacific region.
According to UN-ESCAP, Asia Pacific accounts for around 60% of the world's total geriatric population in 2016 and is expected to evolve significantly by 2050. Rising aging population augments the probability of chronic & infectious diseases. This would drive the demand for better healthcare management & treatment services, which in turn, will increase the demand for the IoT devices in the healthcare sector. The countries present in the region are Japan, Australia, China, South Korea, India, and rest of APAC. China is the leading country in the region in the year 2017, and India is developing at the fastest growing CAGR during the forecasting years. In addition, Malaysia, Japan, and Singapore are particularly affecting the growth of the market in the Asia Pacific region. Furthermore, initiatives taken by the governments of Australia and Japan are boosting the demand for IoT in healthcare market in the region.
The dominating players in the APAC region are Koninklijke Philips N.V, Microsoft Corporation, Stanley Healthcare, Cisco Systems Inc., Apple Inc., Qualcomm Incorporated, Medtronic Inc., Honeywell Life Care Solutions, St. Jude Medical Inc. (Acquired by Abbott Laboratories), Google Inc., Intel Corporation, Proteus Digital Health, Inc., Sap Se, and GE Healthcare.