Ventilators Market to be Worth $13.23 Billion by 2031

 

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

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