APAC set for fastest growth in population health management market

Spending on EHRs and EMRs is expected to boost the sector’s expansion.

The Asia Pacific region is expected to experience the fastest growth in the population health management market until 2033, with the global sector projected to reach $161.6b at a compound annual growth rate of 16.9%.

A Straits Research report revealed that the region’s expansion is primarily driven by the increasing geriatric population in countries such as Japan, China, and India, who are more prone to chronic diseases.

“This will compel the government and healthcare providers to offer better care at low prices without putting financial pressure on patients,” it said.

Meanwhile, spending on electronic health records (EHR) and electronic medical records (EMR) in APAC is expected to bolster market growth. For instance, Australia invested about $1.26b in EHR and EMR implementation in 2018.