ASEAN & Japan Digital Advertising in Pharma and Medical Equipment Market TOC
Growth Drivers
Growing Penetration of Mobile Phones- Southeast Asia were expected to have about 320 million smartphone users by 2022, and that figure would continue to grow until 2026. Any type of advertising that appears on devices either of those as smartphones and tablet computers is referred to as mobile advertising. Companies could use SMS text ads or banner ads that are placed on mobile websites to advertise on these devices. Additionally, company could also advertise their product on social media. Hence, owing to the large number of people using smartphones, it has become easy for pharma and medical equipment company to advertise their products.
Surge in Social Media User - India has about 447 million active social media users, or around 30% of the country's total population. Approximately 98% of these (about 444 million) use their mobile phones to access social media.
Growth in Pharma and Medical Equipment Company - In an effort to lure Japanese pharmaceutical and medical device manufacturers to India, the Indian government has urged them to establish businesses in Gujarat, Telangana, Andhra Pradesh, Himachal Pradesh, and Goa. According to estimates, Japanese businesses would invest about 26 Million in this industry.
Upsurge of Users on Email - About 3 billion people use email every day. As a result, the vast majority of email marketers incorporate mobile-friendly communications into their marketing plans.
Growth in Internet User - In Japan, there were around 114 million internet users in 2021. This figure was anticipated to climb to roughly 115 million internet users by 2026.
Challenges
Base Year |
2022 |
Forecast Year |
2023-2033 |
ASEAN Market CAGR |
10.85% |
Japan Market CAGR |
10.68% |
ASEAN Base Year Market Size (2022) |
USD 0.50 Billion |
Japan Base Year Market Size (2022) |
USD 1.52 Billion |
ASEAN Forecast Year Market Size (2033) |
USD 1.57 Billion |
Japan Forecast Year Market Size (2033) |
USD 4.62 Billion |
Regional Scope |
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Author Credits: Radhika Pawar
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