South East Asia Telehealth Market to be Worth $20.3 Billion by 2030

 Meticulous Research®, a renowned global market research firm, released a report titled, ‘South East Asia Telehealth Market by Component [Hardware (Peripheral Devices, Monitor), Software (Cloud, On-premises), Services (Real-time, Remote Monitoring)], Application (Radiology, Cardiology, Psychiatry), End User {Provider, Patient} - Forecast to 2030.'

Based on the latest report by Meticulous Research®, the telehealth market in Southeast Asia is anticipated to achieve a value of $20.3 billion by 2030, with a compounded annual growth rate (CAGR) of 18.6% throughout the forecast period. This growth is primarily fueled by factors such as the increased adoption of telehealth solutions, augmented investments in healthcare IT infrastructure, supportive governmental initiatives for telehealth services, and the growing elderly population coupled with a rise in chronic diseases. However, challenges like technical hurdles, security breaches, regulatory obstacles, and limitations regarding physical examinations and privacy concerns are impeding market expansion. Nonetheless, the implementation of telemedicine through various initiatives and improved broadband penetration for broader healthcare service coverage are poised to provide promising opportunities for market growth.

Key Players

The prominent players highlighted in the South East Asia telehealth market include Doctor Anywhere Pte Ltd. (Singapore), Cerner Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), Cisco Systems, Inc. (U.S.), Siemens Healthineers AG (Germany), F. Hoffmann-La Roche Ltd (Switzerland), Resideo Technologies Inc. (U.S.), MaNaDr Pte Ltd. (Singapore), Medtronic plc (Ireland), SATA CommHealth (Singapore), DoctorOnCall (Malaysia), Grab Holdings Inc. (Singapore), ClicknCare (Malaysia), and MyDoc Pte. Ltd. (Singapore).

Southeast Asia Telehealth Market: Future Outlook

The segmentation of the South East Asia telehealth market is based on various factors including 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 Medical Peripheral Devices), Monitors, Telemedicine Kiosks, Telemedicine Carts}, Software {Web & Cloud-based Software, On-premise Software}, Application {Psychiatry, Radiology, Cardiology, Primary Care, Dermatology, Remote ICU, Other Applications}, End User {Healthcare Providers, Patients, Healthcare Payers, Other End Users}, and Country. Additionally, the study assesses industry competitors and examines their market shares on a country level.

Among all the components studied in the report, in 2023, the services segment is projected to hold the predominant portion of the Southeast Asia telehealth market. This dominance is linked to the rising acceptance and usage of telehealth services such as teleconsultation and telemonitoring, alongside the expanding elderly demographic and the surge in chronic illnesses. Furthermore, factors such as enhanced specialist care accessibility, lowered healthcare expenditures, improved health results, heightened healthcare efficiencies, and elevated levels of satisfaction among both doctors and patients have all contributed to the segment's significant market share.

Among all the applications studied in the report, in 2023, it is anticipated that the psychiatry segment will hold the largest portion of the Southeast Asia telehealth market. Telepsychiatry is increasingly being recognized as an effective tool for enhancing access, quality, and efficiency in mental health care. The scarcity of primary psychiatric services and the onset of the COVID-19 pandemic have accelerated the adoption of telepsychiatry services. Psychiatrists utilize telemedicine to offer a wide array of services typically provided in-person, including psychiatric evaluations, individual and group therapy, family counseling, patient education, and medication management. These factors collectively contribute to the significant growth and dominance of this segment in the market.

Among all the end users studied in the report, in 2023, it is projected that the healthcare providers segment will hold the largest portion of the Southeast Asia telehealth market. This is primarily attributed to the increasing demand for accessible healthcare services and the shortage of medical professionals.

Among all the countries studied in the report, by 2023, Indonesia is anticipated to hold the largest portion of the Southeast Asia telehealth market. This is influenced by several factors, including higher healthcare expenditure per capita, increased adoption of universal healthcare initiatives, a growing elderly demographic, augmented government investments in healthcare, and a heightened emphasis on incorporating digital technology into healthcare services.

Download Sample Report Here @ https://www.meticulousresearch.com/pressrelease/963/south-east-asia-telehealth-market-2030

Key questions answered in the report:

·         What are the market segments experiencing rapid growth based on component, application, end user, and country?

·         What was the past market size for telehealth solutions in Southeast Asia?

·         What are the projected market forecasts and estimations for the period spanning from 2023 to 2030?

·         What are the primary factors fueling growth, hindering progress, posing challenges, and presenting opportunities within the telehealth market in Southeast Asia?

·         Who are the key players in the telehealth market within Southeast Asia?

·         What is the competitive scenario in the telehealth market of Southeast Asia, and which companies are leading in this landscape?

·         What are the latest advancements or updates in the telehealth market specific to Southeast Asia?

·         What are the strategies employed by the key players operating in the telehealth market in Southeast Asia?

·         What are the regional patterns and countries experiencing notable growth trends within the telehealth market?

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

Comments

Post a Comment

Popular posts from this blog

The Power Players: 15 Influencing Micro-mobility Market Growth

  The newly published research report on   Micro-mobility Market Report   provides an in-depth comprehension of a rapidly growing market. It offers an extensive market outlook, covering all the major aspects such as Micro-mobility market share, size, trends, projected growth rate, and sales channels. Also, it examines the challenges, opportunities, and prospects for the market. An in-depth analysis of all the major market segments and regions has been provided in the report. Pictorial representations such as tables, graphs, and charts have also been used to help readers comprehend the information easily. Both quantitative and qualitative research methodologies have been used in the study to provide an in-depth market comprehension. It covers crucial information on supply chain challenges and how businesses can deal with them. The research report is a vital resource for stakeholders, investors, and anyone looking to develop effective marketing strategies and stay ahead of ...
Read more

Europe EV Battery Market - Opportunity Analysis And Industry Forecast (2022-2029)

  Meticulous Research®, a prominent market research firm, released a report titled " Europe EV Batteries Market  by Type (Li-ion, Ni-MH, SLA, Ultracapacitors, Solid-state Batteries), Capacity (<50 kWh, 51-100 kWh, 101-300 kWh, >300 kWh), Bonding Type (Wire, Laser), Form, Application, End User, and Country - Forecast to 2029" . The European EV battery market is projected to expand at a compound annual growth rate (CAGR) of 45.8% from 2022, reaching $94.41 billion by 2029 . This growth is primarily fueled by the rising global adoption of electric vehicles, falling battery prices, and the increasing localization of battery production. Additionally, the expanding use of battery-as-a-service presents lucrative growth opportunities for market participants. However, the market's growth may be somewhat hindered by a potential shortage in lithium mining capacity. Additionally, safety concerns related to EV batteries pose a significant challenge to the expansion of t...
Read more

Ventilators Market to be Worth $13.23 Billion by 2031

  Meticulous Research®, a prominent market research firm, released a report titled, ‘ Ventilators Market by Product (Instrument, Catheter, Mask, Tube) Mobility (Intensive Care, Portable) Interface (Invasive, Non-invasive) Age Group (Adult, Neonatal) Mode (Volume, Pressure, Dual) End User (Hospital, ASC, Home Care) – Global Forecast to 2031’. Meticulous Research® predicts that the ventilators market will expand to $13.23 billion by 2031 , growing at a compound annual growth rate (CAGR) of 8.3% between 2024 and 2031. This growth is fuelled by several factors, including the increased availability of intensive care units (ICUs) and ICU beds, higher rates of respiratory diseases, urbanization leading to increased pollution, a growing elderly population, and more instances of preterm births. Nonetheless, obstacles such as the expensive nature of ventilators and the preference for alternative oxygenation therapies hinder market advancement. Rising demand for therapeutic devices for ho...
Read more