Meticulous Research® has published a new report titled, ‘Asia-Pacific Telehealth Market by Component [Hardware (Peripheral Devices, Monitors), Software (Cloud-based, On-premise), Services (Real-time, Remote Monitoring)] Application (Radiology, Cardiology, Psychiatry) End User (Provider, Payer, Patient) - Forecast to 2030.’

According to the latest insights from Meticulous Research®, the Asia-Pacific telehealth market is expected to reach $176.63 billion by 2030, growing at a CAGR of 24.2% over the forecast period. This growth is fueled by factors such as a shortage of healthcare professionals, supportive government policies, an aging population with chronic conditions, increased digitalization, and growing awareness of telehealth benefits. Innovations like telerobots and advancements in artificial intelligence and virtual assistants are projected to drive further market growth. However, challenges such as technical difficulties, security issues, regulatory barriers, and concerns about patient privacy may temper market expansion.

Key Players

Key players in the Asia-Pacific telehealth market include Aerotel Medical Systems (Israel), Cerner Corporation (U.S.), Medtronic plc (Ireland), Koninklijke Philips N.V. (Netherlands), AMD Global Telemedicine, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Doctor On Demand, Inc. (U.S.), MDlive Inc. (U.S.), Siemens Healthineers AG (Germany), Teladoc Health, Inc. (U.S.), Zipnosis, Inc. (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Tunstall Group (U.K.), ClearArch, Inc. (U.S.), and Resideo Technologies Inc. (U.S.)

Asia-Pacific Telehealth Market: Future Outlook

The Asia-Pacific telehealth market is segmented by Component [Services {Real-time (Synchronous), Store-and-forward (Asynchronous), Remote Patient Monitoring} Hardware {Medical Peripheral Devices (Blood Glucose Monitors, Blood Pressure Monitors, Weighing Scales, Pulse Oximeters, Peak Flow Meters, ECG Monitors, Other Devices), Monitors, Telemedicine Kiosks, Telemedicine Carts} Software {Web & Cloud-based, On-premise}, Application {Psychiatry, Radiology, Cardiology, Primary Care, Dermatology, Remote ICU, Other Applications}, End User {Healthcare Providers, Patients, Healthcare Payers, Other End Users}], and Country. The report also includes a competitive analysis and market share data at the country level.

In 2024, the services segment is projected to hold the largest market share in the Asia-Pacific telehealth sector. This is attributed to the high utilization of telehealth services such as teleconsultation and telemonitoring, driven by an aging population, increased prevalence of chronic diseases, and growing adoption of telehealth solutions. The segment benefits from enhanced access to specialist care, reduced healthcare costs, improved health outcomes, and higher satisfaction for healthcare providers and patients.

Among applications, psychiatry is expected to lead the market in 2024. The rapid adoption of telepsychiatry as an effective tool for mental health care is a significant factor. The COVID-19 pandemic and a shortage of psychiatric care have accelerated the use of telepsychiatry for evaluations, therapy, and medication management.

For end users, healthcare providers are anticipated to dominate the market in 2024, driven by increasing demand for convenient care and a shortage of medical professionals.

On a country basis, China is forecasted to be the leading market in the Asia-Pacific region in 2024. China’s significant adoption of new imaging technologies, improvements in healthcare infrastructure, and a strong focus on digital health contribute to its leading position. The country’s advanced digital healthcare landscape, with over 90% of health professionals using digital tools and substantial government support, reinforces its market dominance.

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Key questions answered in the report:

  • What are the high-growth market segments based on component, application, end user, and country?
  • What was the historical market for telehealth solutions in Asia-Pacific?
  • What are the market forecasts and estimates for 2024–2030?
  • What are the major drivers, restraints, challenges, and opportunities in the Asia-Pacific telehealth market?
  • Who are the major players in the Asia-Pacific telehealth market?
  • What is the competitive landscape of the Asia-Pacific telehealth market, and who are the market leaders?
  • What are the recent developments in the Asia-Pacific telehealth market?
  • What strategies are adopted by the major players in the Asia-Pacific telehealth market?
  • What are the geographical trends and high-growth countries?

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