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Asia Pacific Healthcare Iot Security Market Forecast 2021-2026

The Asia Pacific healthcare IoT security market is predicted to record a CAGR of 23.57%, over the forecast years of 2021 to 2026. The digitization of healthcare infrastructure, the penetration of the internet, the increasing use of mobile data, and the rising trend of using smart wearables, are accredited to the region's market growth.

The Asia Pacific healthcare IoT security market growth is analyzed by evaluating China, Australia & New Zealand, South Korea, China, Thailand, Indonesia, India, Japan, and the rest of the Asia Pacific. Thailand is acknowledged as one of the highly competitive destinations for affordable and high-quality care, worldwide. For instance, healthcare costs in Thailand are nearly one-fifth of the expenses across Europe and the United States. Moreover, the International Healthcare Research Center positioned Thailand's medical tourism industry as sixth, globally, in 2016. The ranking was based on the destination's appeal and medical tourism prices.
On the other hand, Singapore launched a scheme in order to label smart devices with their respective cybersecurity ratings. Presently, the Cybersecurity Labelling Scheme, introduced by the Cyber Security Agency (CSA), Singapore, is voluntary and available for smart home hubs as well as wi-fi routers. The CSA is projected to mandate the scheme for all internet of things (IoT) devices, primarily depending on the response. The CSA would also waive the labels' application fees for a year, till October 2021, to encourage further adoption. Therefore, these factors are set to propel the market growth, during the forecast period.

Some of the distinguished companies operating in the region's market include, Trend Micro Inc, IBM Corporation, Intel Corporation, Microsoft Corporation, etc.

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Asia Pacific Healthcare Iot Security Market Forecast 2021-2026
Published By :Inkwood Research
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