Internet medical care will usher in the first year of 2020
The development of the global Internet medical market has been generally optimistic, because with the aging of the population, from medical video APP to various monitors, to various medical health-related Internet APP has long been growing. But is this nearly 50% annual growth rate still sustainable? The US market research firm Grand View Research (GVR) has been studying Internet medical trends for many years.
According to the latest research data from GVR, the Internet medical market will achieve explosive growth in just five years and reach a market value of nearly $50 billion by 2020. According to the report, “the increasing per capita health care expenditure makes it impossible for a large proportion of the population to afford medical services. Therefore, the demand for Internet medical services is expected to increase significantly in the next six years. In addition, the large area of ​​smartphones Popularization, the increase in 3G and 4G network users is also expected to increase the demand for telemedicine services. As the population ages and the incidence of diseases associated with lifestyle changes continues to grow, people are affordable and convenient. The demand for medical services will also become more urgent."
The report points out that Internet medical device designers and manufacturers are eager to bring a new wave of products to market, so supply will soon be synchronized with demand. In the short term, disease surveillance equipment will become the mainstay of the market (in 2012, the market revenue of such products is 1.2 billion US dollars), and the demand for other products will also heat up, which will help drive the market to achieve the expected growth.
Telemedicine is expected to fly
Of course, the development of the Internet medical market will not be smooth, security and privacy will be a problem that has to be solved on the way forward, but with the development of the market, these problems will no longer exist. The main findings of the report include:
Chronic disease management is the largest contributor to the disease surveillance services market, particularly in developed markets such as North America and Europe. The post-emergency treatment market accounted for 19.5% of total disease surveillance services revenue in 2012.
Diagnostic services are more prevalent in developing markets, and as this service becomes more prevalent, it is expected that access to this health care service will be more accessible to local people.
Mobile operators accounted for 48% of the overall market share in 2012, and most of their revenue comes from disease monitoring services such as independent aging solutions.
By 2020, the growth rate of the medical service provider market is expected to be lower than the global average growth rate, and its compound annual growth rate is expected to be about 45%. The report writes, “Users are more concerned about the effectiveness of reliability and regulatory support, and the ability of industry stakeholders to drive profitability is critical.â€
North America leads the global market, accounting for 33.5% of total market revenue in 2012. Its highest demand stems from monitoring services, which are increasingly demanding Internet medical solutions due to the increasing incidence of chronic diseases.
Higher per capita health care spending in developed markets is expected to be the main driver of regional economic growth. Driven by demand for affordable medical services, the Asia Pacific market is expected to be the fastest growing regional market, with a compound annual growth rate of approximately 49% from 2014 to 2020.
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