Asia-Pacific AI in healthcare market is estimated to grow significantly at a CAGR of 52.3% during the forecast period. The major countries which will contribute in the market include China, India and Japan. China is the biggest market for AI market. The artificial intelligence in Asia-Pacific region is largely driven by the investment from the private technology company towards artificial intelligence development owing to the availability of economical workforces coupled with large volume and broad range of data generated by the users of mobile internet and various applications.
The Asia-Pacific region has a potential market due to the increasing R&D and investments by big pharmaceutical companies in life science research coupled with harnessing innovation. In addition, increasing demand for integrated healthcare system and growing investment from healthcare IT companies as well as increasing geriatric population pool serve as the motivating factors for the growth of the market in the Asia-Pacific region.
The market is segmented on the basis of offering, end-user industry, and application. Based on offering, the market is divided into software & services and hardware. Based on the end-user industry, the market is segmented into hospitals & healthcare facilities, personal care, and biotechnology & pharmaceutical companies. Further, on the basis of application, the market is segmented into diagnosis, biomarker, virtual nursing assistance, remote monitoring of patients, drug discovery, and ai-enabled hospital care. On the basis of country, the market covers the analysis of China, India, Japan, and Rest of Asia-Pacific.
Japanese companies are planning tap medical market of India with funding and technological solutions, aiming at making healthcare more accessible. Japanese venture capital firms such as Spiral Ventures and India Japan Partnership Fund LLP are funding local health tech startups. In addition, these firms are exploring investment opportunities in healthcare industry.
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Market Segmentation
Asia-Pacific AI in Healthcare Market by Offering
- Hardware
- Software & Services
Asia-Pacific AI in Healthcare Market by End-User Industry
- Hospitals & Healthcare Facilities
- Personal Care
- Biotechnology & Pharmaceutical Companies
Asia-Pacific AI in Healthcare Market by Application
- Diagnosis
- Biomarker
- Virtual Nursing Assistance
- Remote Monitoring of Patients
- Drug Discovery
- Ai-Enabled Hospital Care
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