Asia Pacific Digital Health and Wellness Market Outlook, 2030
The Asia Pacific Digital Health and Wellness Market was valued at USD 59.59 billion in 2023 , driven by rise in consumer interest.
- Bonafide Trust
- 30-01-2024
- Pages : 150
- Figures : 64
- Tables : 36
- Region : Asia-Pacific
- Category : Consumer Goods & Services
- Services
According to publisher, Here is the booming landscape of Asia Pacific Digital Health and Wellness Market.
The Asia Pacific (APAC) digital health and wellness market is experiencing phenomenal growth, driven by a confluence of factors. This report provides a concise overview of this dynamic market.
Market Insights
Market size: The APAC digital health market was valued at USD 59.59 billion in 2023 and is projected to reach a staggering USD 252.01 billion by 2030, reflecting a CAGR of 23.1%.
Rising consumer interest: A Bain & Company survey found that 85% of APAC consumers prioritize proactive health and wellness management, indicating a growing demand for digital solutions.
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Download SampleMarket Dynamics
Key drivers:
Increasing smartphone penetration: Easy access to health apps and telehealth services is fueling market growth.
Growing geriatric population: The rising elderly population creates a demand for remote monitoring and chronic disease management solutions.
Government initiatives: Supportive policies promoting digital healthcare infrastructure and telehealth adoption are significant factors.
Rising chronic diseases: The prevalence of diabetes, heart disease, and other chronic conditions necessitates digital tools for management and prevention.
Challenges:
Data privacy and security concerns: Building trust with consumers regarding data usage is crucial.
Uneven internet access: Bridging the digital divide in rural areas is essential for inclusive growth.
Regulatory hurdles: Navigating varying regulatory frameworks across APAC countries can be complex.
Market Segments
By Technology:
Telehealth: Virtual consultations with doctors are gaining traction, exemplified by platforms like Practo in India and Ping An Good Doctor in China.
Mobile health (mHealth): Fitness trackers like Xiaomi Mi Band and health apps like MyFitnessPal are widely popular.
Wearable technology: Smartwatches like Apple Watch and fitness trackers are increasingly used for health monitoring.
By Service:
Remote patient monitoring: Enables continuous monitoring of chronic conditions, like AliveCor's EKG monitor.
Mental health and wellness: Apps like Calm and Headspace provide meditation and mindfulness exercises.
Medication adherence: Platforms like MyMeds remind users to take medications on schedule.
Regional Analysis
China is a leading market due to government support, high internet penetration, and a large tech-savvy population.
India is experiencing rapid growth due to rising disposable incomes, increasing smartphone adoption, and government initiatives like Ayushman Bharat.
Developed economies like Singapore and Australia have a mature digital health ecosystem with a focus on innovation.
Key Developments
Strategic partnerships: Collaborations between tech companies, healthcare providers, and insurers are driving innovation. For instance, Alibaba Health's partnership with Tencent to offer AI-powered healthcare services.
Mergers and acquisitions: Consolidation is accelerating as companies seek to expand their reach and offerings. For example, Teladoc Health's acquisition of Livongo, a chronic disease management company.
Competitive Landscape
The market is characterized by a mix of established healthcare providers, tech giants, and digital health startups.
Leading players include Ping An Good Doctor (China), Practo (India), Teladoc Health (US), Alibaba Health (China), and AIA (Hong Kong).
Conclusion
The APAC digital health and wellness market presents a wealth of opportunities. Overcoming challenges like data privacy and ensuring equitable access will be crucial for sustained growth. This dynamic market holds immense potential to transform healthcare delivery and empower individuals to take charge of their well-being.
Table of Contents
- 1 Introduction 8
- 1.1 Industry Definition and Research Scope 8
- 1.1.1 Industry Definition 8
- 1.1.2 Research Scope 9
- 1.2 Research Methodology 12
- 1.2.1 Overview of Market Research Methodology 12
- 1.2.2 Market Assumption 13
- 1.2.3 Secondary Data 13
- 1.2.4 Primary Data 13
- 1.2.5 Data Filtration and Model Design 14
- 1.2.6 Market Size/Share Estimation 15
- 1.2.7 Research Limitations 16
- 1.3 Executive Summary 17
- 2 Market Overview and Dynamics 20
- 2.1 Market Size and Forecast 20
- 2.1.1 Impact of COVID-19 on World Economy 21
- 2.1.2 Impact of COVID-19 on the Market 25
- 2.1.3 Impact of Russia-Ukraine Conflict 27
- 2.1.4 Impact of Israel-Palestine War 29
- 2.2 Major Growth Drivers 31
- 2.3 Market Restraints and Challenges 36
- 2.4 Emerging Opportunities and Market Trends 39
- 2.5 Porter’s Fiver Forces Analysis 43
- 3 Segmentation of Asia Pacific Market by Product 47
- 3.1 Market Overview by Product 47
- 3.2 Hardware 49
- 3.2.1 Smartwatches 52
- 3.2.2 Smart Earwear/Hearables 53
- 3.2.3 Smart Jewelry 54
- 3.2.4 Smart Patches 55
- 3.2.5 Head-mounted Displays 56
- 3.2.6 Health & Fitness Trackers 57
- 3.2.7 Smart Clothing 58
- 3.2.8 Smart Implantables 59
- 3.2.9 Other Wearables 60
- 3.3 Solutions 61
- 3.3.1 eHelath 62
- 3.3.2 mHelath 63
- 4 Segmentation of Asia Pacific Market by Category 64
- 4.1 Market Overview by Category 64
- 4.2 Digital Health 66
- 4.3 Digital Wellness 67
- 5 Segmentation of Asia Pacific Market by Connectivity 68
- 5.1 Market Overview by Connectivity 68
- 5.2 Cellular Network 70
- 5.3 Near Field Communication (NFC) 71
- 5.4 Bluetooth Technology 72
- 5.5 Wi-Fi Network 73
- 5.6 Other Connectivity Types 74
- 6 Segmentation of Asia Pacific Market by End User 75
- 6.1 Market Overview by End User 75
- 6.2 Hospitals & Clinics 77
- 6.3 Ambulatory Surgical Centers (ASCs) 78
- 6.4 Homecare & Individuals 79
- 6.5 Other End Users 80
- 7 Segmentation of Asia Pacific Market by Age Group 81
- 7.1 Market Overview by Age Group 81
- 7.2 Pediatric 83
- 7.3 Adults 84
- 7.4 Geriatric 85
- 8 Segmentation of Asia Pacific Market by Distribution Channel 86
- 8.1 Market Overview by Distribution Channel 86
- 8.2 Online Stores 88
- 8.3 Specialty Stores 89
- 8.4 Department Stores 90
- 8.5 Hypermarket 91
- 8.6 Other Distribution Channels 92
- 9 Asia-Pacific Market 2023-2033 by Country 93
- 9.1 Overview of Asia-Pacific Market 93
- 9.2 Japan 96
- 9.3 China 99
- 9.4 Australia 101
- 9.5 India 103
- 9.6 South Korea 105
- 9.7 Rest of APAC Region 107
- 10 Competitive Landscape 109
- 10.1 Overview of Key Vendors 109
- 10.2 New Product Launch, Partnership, Investment, and M&A 112
- 10.3 Company Profiles 113
- Agamatrix, Inc. 113
- AirStrip Technologies Inc. 115
- Altopax 116
- Amelia Virtual Care 117
- Apple, Inc. 118
- At&T, Inc. 119
- Athenahealth, Inc. 120
- BigHealth 121
- Calm 122
- Cerner Corporation 123
- Cisco Systems, Inc. 124
- CogniFit 125
- CuraLinc Healthcare 126
- Epitel 127
- Fitbit, Inc. 128
- FranklinCovey 129
- Ginger 130
- Global Kinetics 131
- Headspace 132
- HealthUnlocked 133
- Healthy Hero 134
- Ihealth Labs, Inc. 135
- Koa Health 136
- Koninklijke Philips N.V. 137
- Medtronic plc 138
- Misu 139
- MyndYou 140
- OxfordVR 141
- Psycurio 142
- Qualcomm Technologies, Inc. 143
- Rani Therapeutics 144
- Samsung 145
- Talkspace 146
- Teladoc Health, Inc. 147
- Twill 148
- Vivify Health 149
- RELATED REPORTS 150
Table 1. Snapshot of Asia Pacific Digital Health and Wellness Market in Balanced Perspective, 2023-2033 18
Table 2. World Economic Outlook, 2024-2036 22
Table 3. World Economic Outlook, 2022-2024 24
Table 4. Scenarios for Economic Impact of Ukraine Crisis 28
Table 5. Scenarios for Economic Impact of Israel-Palestine War 29
Table 6. World Health Spending by Region, $ bn, 2013-2020 35
Table 7. Main Product Trends and Market Opportunities in Asia Pacific Digital Health and Wellness Market 39
Table 8. Asia Pacific Digital Health and Wellness Market by Product, 2023-2033, $ mn 47
Table 9. Categories and Types of Wearables 50
Table 10. Asia Pacific Digital Health and Wellness Market: Hardware by Wearable, 2023-2033, $ mn 51
Table 11. Asia Pacific Digital Health and Wellness Market: Solutions by Type, 2023-2033, $ mn 61
Table 12. Asia Pacific Digital Health and Wellness Market by Category, 2023-2033, $ mn 64
Table 13. Asia Pacific Digital Health and Wellness Market by Connectivity, 2023-2033, $ mn 68
Table 14. Asia Pacific Digital Health and Wellness Market by End User, 2023-2033, $ mn 75
Table 15. Asia Pacific Digital Health and Wellness Market by Age Group, 2023-2033, $ mn 81
Table 16. Asia Pacific Digital Health and Wellness Market by Distribution Channel, 2023-2033, $ mn 86
Table 17. APAC Digital Health and Wellness Market by Country, 2023-2033, $ mn 94
Table 18. Japan Digital Health and Wellness Market by Product, 2023-2033, $ mn 98
Table 19. Japan Digital Health and Wellness Market by End User, 2023-2033, $ mn 98
Table 20. Japan Digital Health and Wellness Market by Age Group, 2023-2033, $ mn 98
Table 21. China Digital Health and Wellness Market by Product, 2023-2033, $ mn 100
Table 22. China Digital Health and Wellness Market by End User, 2023-2033, $ mn 100
Table 23. China Digital Health and Wellness Market by Age Group, 2023-2033, $ mn 100
Table 24. Australia Digital Health and Wellness Market by Product, 2023-2033, $ mn 102
Table 25. Australia Digital Health and Wellness Market by End User, 2023-2033, $ mn 102
Table 26. Australia Digital Health and Wellness Market by Age Group, 2023-2033, $ mn 102
Table 27. India Digital Health and Wellness Market by Product, 2023-2033, $ mn 104
Table 28. India Digital Health and Wellness Market by End User, 2023-2033, $ mn 104
Table 29. India Digital Health and Wellness Market by Age Group, 2023-2033, $ mn 104
Table 30. South Korea Digital Health and Wellness Market by Product, 2023-2033, $ mn 106
Table 31. South Korea Digital Health and Wellness Market by End User, 2023-2033, $ mn 106
Table 32. South Korea Digital Health and Wellness Market by Age Group, 2023-2033, $ mn 106
Table 33. Digital Health and Wellness Market in Rest of APAC by Country/Region, 2023-2033, $ mn 108
Table 34. Agamatrix, Inc.: Company Snapshot 113
Table 35. Agamatrix, Inc.: Business Segmentation 114
Table 36. Agamatrix, Inc.: Product Portfolio 114
Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2023-2033 17
Figure 4. Asia Pacific Digital Health and Wellness Market, 2023-2033, $ mn 20
Figure 5. Impact of COVID-19 on Business 25
Figure 6. Primary Drivers and Impact Factors of Asia Pacific Digital Health and Wellness Market 31
Figure 7. Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million 34
Figure 8. World Population 65 and Over, % of Total Population, 1950-2060 34
Figure 9. Primary Restraints and Impact Factors of Asia Pacific Digital Health and Wellness Market 36
Figure 10. Investment Opportunity Analysis 40
Figure 11. Porter’s Fiver Forces Analysis of Asia Pacific Digital Health and Wellness Market 43
Figure 12. Breakdown of Asia Pacific Digital Health and Wellness Market by Product, 2023-2033, % of Revenue 48
Figure 13. Asia Pacific Addressable Market Cap in 2024-2033 by Product, Value ($ mn) and Share (%) 48
Figure 14. Asia Pacific Digital Health and Wellness Market by Product: Hardware, 2023-2033, $ mn 49
Figure 15. Asia Pacific Digital Health and Wellness Market by Wearable: Smartwatches, 2023-2033, $ mn 52
Figure 16. Asia Pacific Digital Health and Wellness Market by Wearable: Smart Earwear/Hearables, 2023-2033, $ mn 53
Figure 17. Asia Pacific Digital Health and Wellness Market by Wearable: Smart Jewelry, 2023-2033, $ mn 54
Figure 18. Asia Pacific Digital Health and Wellness Market by Wearable: Smart Patches, 2023-2033, $ mn 55
Figure 19. Asia Pacific Digital Health and Wellness Market by Wearable: Head-mounted Displays, 2023-2033, $ mn 56
Figure 20. Asia Pacific Digital Health and Wellness Market by Wearable: Health & Fitness Trackers, 2023-2033, $ mn 57
Figure 21. Asia Pacific Digital Health and Wellness Market by Wearable: Smart Clothing, 2023-2033, $ mn 58
Figure 22. Asia Pacific Digital Health and Wellness Market by Wearable: Smart Implantables, 2023-2033, $ mn 59
Figure 23. Asia Pacific Digital Health and Wellness Market by Wearable: Other Wearables, 2023-2033, $ mn 60
Figure 24. Asia Pacific Digital Health and Wellness Market by Product: Solutions, 2023-2033, $ mn 61
Figure 25. Asia Pacific Digital Health and Wellness Market by Solutions: eHelath, 2023-2033, $ mn 62
Figure 26. Asia Pacific Digital Health and Wellness Market by Solutions: mHelath, 2023-2033, $ mn 63
Figure 27. Breakdown of Asia Pacific Digital Health and Wellness Market by Category, 2023-2033, % of Sales Revenue 65
Figure 28. Asia Pacific Addressable Market Cap in 2024-2033 by Category, Value ($ mn) and Share (%) 65
Figure 29. Asia Pacific Digital Health and Wellness Market by Category: Digital Health, 2023-2033, $ mn 66
Figure 30. Asia Pacific Digital Health and Wellness Market by Category: Digital Wellness, 2023-2033, $ mn 67
Figure 31. Breakdown of Asia Pacific Digital Health and Wellness Market by Connectivity, 2023-2033, % of Sales Revenue 69
Figure 32. Asia Pacific Addressable Market Cap in 2024-2033 by Connectivity, Value ($ mn) and Share (%) 69
Figure 33. Asia Pacific Digital Health and Wellness Market by Connectivity: Cellular Network, 2023-2033, $ mn 70
Figure 34. Asia Pacific Digital Health and Wellness Market by Connectivity: Near Field Communication (NFC), 2023-2033, $ mn 71
Figure 35. Asia Pacific Digital Health and Wellness Market by Connectivity: Bluetooth Technology, 2023-2033, $ mn 72
Figure 36. Asia Pacific Digital Health and Wellness Market by Connectivity: Wi-Fi Network, 2023-2033, $ mn 73
Figure 37. Asia Pacific Digital Health and Wellness Market by Connectivity: Other Connectivity Types, 2023-2033, $ mn 74
Figure 38. Breakdown of Asia Pacific Digital Health and Wellness Market by End User, 2023-2033, % of Revenue 76
Figure 39. Asia Pacific Addressable Market Cap in 2024-2033 by End User, Value ($ mn) and Share (%) 76
Figure 40. Asia Pacific Digital Health and Wellness Market by End User: Hospitals & Clinics, 2023-2033, $ mn 77
Figure 41. Asia Pacific Digital Health and Wellness Market by End User: Ambulatory Surgical Centers (ASCs), 2023-2033, $ mn 78
Figure 42. Asia Pacific Digital Health and Wellness Market by End User: Homecare & Individuals, 2023-2033, $ mn 79
Figure 43. Asia Pacific Digital Health and Wellness Market by End User: Other End Users, 2023-2033, $ mn 80
Figure 44. Breakdown of Asia Pacific Digital Health and Wellness Market by Age Group, 2023-2033, % of Revenue 82
Figure 45. Asia Pacific Addressable Market Cap in 2024-2033 by Age Group, Value ($ mn) and Share (%) 82
Figure 46. Asia Pacific Digital Health and Wellness Market by Age Group: Pediatric, 2023-2033, $ mn 83
Figure 47. Asia Pacific Digital Health and Wellness Market by Age Group: Adults, 2023-2033, $ mn 84
Figure 48. Asia Pacific Digital Health and Wellness Market by Age Group: Geriatric, 2023-2033, $ mn 85
Figure 49. Breakdown of Asia Pacific Digital Health and Wellness Market by Distribution Channel, 2023-2033, % of Revenue 86
Figure 50. Asia Pacific Addressable Market Cap in 2024-2033 by Distribution Channel, Value ($ mn) and Share (%) 87
Figure 51. Asia Pacific Digital Health and Wellness Market by Distribution Channel: Online Stores, 2023-2033, $ mn 88
Figure 52. Asia Pacific Digital Health and Wellness Market by Distribution Channel: Specialty Stores, 2023-2033, $ mn 89
Figure 53. Asia Pacific Digital Health and Wellness Market by Distribution Channel: Department Stores, 2023-2033, $ mn 90
Figure 54. Asia Pacific Digital Health and Wellness Market by Distribution Channel: Hypermarket, 2023-2033, $ mn 91
Figure 55. Asia Pacific Digital Health and Wellness Market by Distribution Channel: Other Distribution Channels, 2023-2033, $ mn 92
Figure 56. Breakdown of APAC Digital Health and Wellness Market by Country, 2023 and 2033, % of Revenue 94
Figure 57. Contribution to APAC 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%) 95
Figure 58. Digital Health and Wellness Market in Japan, 2023-2033, $ mn 97
Figure 59. Digital Health and Wellness Market in China, 2023-2033, $ mn 99
Figure 60. Digital Health and Wellness Market in Australia, 2023-2033, $ mn 101
Figure 61. Digital Health and Wellness Market in India, 2023-2033, $ mn 103
Figure 62. Digital Health and Wellness Market in South Korea, 2023-2033, $ mn 105
Figure 63. Digital Health and Wellness Market in Rest of APAC, 2023-2033, $ mn 107
Figure 64. Growth Stage of Asia Pacific Digital Health and Wellness Industry over the Forecast Period 109
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