12152017Headline:

Asia-Pacific to Offer Significant Growth Opportunities for the Wireless Health Market in the Coming Years

Wireless health solutions and devices provide patients with access to their healthcare records and enable care teams to view information from their electronic health records (EHRs). Through wireless devices, patients can send and receive their health information to physicians or other care team members anytime, anywhere. Care teams can monitor patients’ data continuously, which is of specific importance in the case of elderly patients or patients suffering from chronic illnesses. Patients can also schedule appointments, request prescriptions, access lab results, and pay bills through wireless solutions and devices. Wireless health solutions also prove to be beneficial for providers and payers in terms of achieving workflow efficiencies.

The wireless health market is likely to witness highest growth in the Asia-Pacific region. Growth in the Asia-Pacific region can be attributed to factors such as increasing internet penetration, rising medical tourism, and increasing government initiatives for eHealth.

China and India are the two-most highly populated countries in the world. Due to changing lifestyle demographics in these countries, there is a high need of effective wireless health solutions for providing quality care to patients. Increasing consumerism in the healthcare industry and accelerated economic growth of countries in the region are also some of the key factors behind the increasing digitization of the healthcare industry in this region. In China, increasing venture funding activities are likely to transform the healthcare industry. In addition to this, growing adoption of mobile health solutions provides immense opportunities for market players in wireless healthcare in the country.

The adoption of wireless health solutions is on the rise in Japan due to increasing life expectancy and the large elderly population in the country. This increasing elderly population makes it increasingly difficult for providers and payers in the country to provide technological advancements in healthcare. Stakeholders in Japan are thus increasingly focusing on the healthcare IT market due to this increasing aged population. The government, health insurers, medical device companies, and cellular network operators are all actively involved in capitalizing on the opportunities in the expanding mobile healthcare market. Thus, the increasing elderly population and growing stakeholder developments drive the growth of the wireless health market in Japan.

India is estimated to grow rapidly after China during the forecast period. Increasing internet and mobile penetration is the biggest growth factor in India for the wireless health market.

However, the high cost of deployment of healthcare IT systems and shortage of in-house IT experts in hospitals are expected to hamper the adoption of wireless health solutions in the Asia-Pacific region.

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