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MARKET OUTLOOK
Triton’s report on the Asia-Pacific digital transformation in healthcare market estimated the market to advance at a CAGR of 29.27% through the years 2021-2028. South Korea, India, China, Japan, ASEAN countries, Australia & New Zealand, and Rest of Asia-Pacific shape the market in the region.
Japan is witnessing rapid growth in the geriatric population, creating several challenges for the healthcare sector. This has resulted in the government concentrating on the digital healthcare system to overcome these challenges. Moreover, telemedicine and mobile applications are observed as major components for digital health across the country. Here, patients can easily connect with physicians online, eliminating travel and waiting time for patients. Additionally, virtual reality has helped healthcare professionals to understand how different diseases affect patients. Such developments are opening new avenues for the digital transformation in healthcare market within Japan.
On the other hand, the development of IoT, wearable technology, and smart devices have enhanced the IT sector in India. Moreover, more people are opting for smartphones to access health information, which is adding to the reviewed market’s growth. Furthermore, the advent of pandemic enhanced the demand for digitalization in the healthcare industry. Other than this, the government has introduced new policies to encourage the adoption of telemedicine. This growth is likely to support the development of the healthcare sector, simultaneously driving the digital transformation in healthcare market on a growth path across India.
COMPETITIVE OUTLOOK
The major companies in the digital transformation in healthcare market include Cognizant Technology Solutions, Alphabet Inc (Google), Wipro Ltd, HCL Technologies Ltd, Philips Healthcare, International Business Machines Corporation (IBM), and Medtronic Plc.
ASIA-PACIFUS$ 1,500