Asia-Pacific Patient Engagement Technology Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Component (Services, Hardware, and Software), Therapeutic Area (Fitness, Chronic Diseases, Women’s Health, and Others), Delivery Mode (Cloud-Based and On-Premises), Application (Health Management, Financial Health Management, Home Healthcare Management, and Others), and End User (Patients, Payers, Providers, and Others)
The APAC patient engagement technology market is expected to grow from US$ 3,969.78 million in 2022 to US$ 11,446.62 million by 2028; it is estimated to grow at a CAGR of 19.3% from 2022 to 2028.
The key market players are adopting various strategies to support the market growth. The joint initiatives taken by government bodies of APAC countries and market players are driving the market growth across the region. For instance, in September 2021, T-Systems, a part of Deutsche Telekom AG, teamed with Google Cloud to build and supply sovereign cloud services to businesses, healthcare providers, and the public. The two companies collaborated to create a broad range of next-generation sovereign cloud solutions and infrastructure. This aided in the extension of services into new geographies. Further, IBM and Wipro collaborated in June 2020 to help Wipro clients to embark on a seamless and secure hybrid cloud journey. Wipro will develop hybrid cloud products as part of this partnership to assist businesses in migrating, managing, and transforming mission-critical workloads and applications while maintaining security across public and private cloud and on-premises IT environments. Similarly, Harris Computer Systems' Healthcare group acquired Uniphy Health Systems LLC, a highly regarded clinical communication and collaboration platform, in May 2019. The company's clinical software solution offerings expanded through Uniphy's platform, with greater care coordination and physician and patient involvement. Such initiatives will boost the market growth in the coming years.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC patient engagement technology market at a notable CAGR during the forecast period.
APAC Patient Engagement Technology Market Revenue and Forecast to 2028 (US$ Million)
APAC Patient Engagement Technology Market Segmentation
The APAC patient engagement technology market is segmented based on component, therapeutic area, delivery mode, application, end user, and country. Based on component, the APAC patient engagement technology market is segmented into services, hardware, and software. The software segment dominated the market in 2022. Based on therapeutic area, the APAC patient engagement technology market is segmented into fitness, chronic diseases, women’s health, and others. The chronic diseases segment dominated the market in 2022. Based on delivery mode, the APAC patient engagement technology market is bifurcated into cloud-based and on-premises. The cloud-based segment dominated the market in 2022. Based on application, the APAC patient engagement technology market is segmented into health management, financial health management, home healthcare management, and others. The health management segment dominated the market in 2022. Based on end user, the APAC patient engagement technology market is segmented into patients, payers, providers, and others. The providers segment dominated the market in 2022. Based on country, the APAC patient engagement technology market is categorized into China, India, Japan, South Korea, Australia, and the Rest of APAC. Further, China dominated the market in 2022.
AdvancedMD, Inc.; Allscripts Healthcare, LLC; athenahealth, Inc. (Veritas Capital); Cerner Corporation; Epic Systems Corporation; McKesson Corporation; and Orion Health Group of Companies are among the leading companies in the APAC patient engagement technology market.
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