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

 

Meticulous Research®, a prominent global market research firm, has released a study 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.’

According to this report, the South East Asia telehealth market is anticipated to achieve a value of $20.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 18.6% throughout the forecast period. The expansion of the South East Asia telehealth market is primarily driven by the increasing adoption of telehealth solutions, augmented investments in healthcare IT infrastructure, supportive governmental initiatives promoting telehealth services, and a growing elderly population coupled with rising chronic disease prevalence. However, challenges such as technical complexities, security vulnerabilities, regulatory hurdles, limitations in conducting physical examinations via telehealth, and concerns regarding privacy and data security are hindering market growth. Additionally, the introduction of telemedicine initiatives alongside broadband expansion for broader healthcare service coverage is expected to create new avenues for market expansion.

Key Players

The major companies featured 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).

South East Asia Telehealth Market: Future Outlook

The telehealth market in South East Asia is categorized into segments including Services (Real-time/Synchronous, Store-and-forward/Asynchronous, Remote Patient Monitoring), Hardware (Medical Peripheral Devices such as Blood Glucose Monitors, Blood Pressure Monitors, Weighing Scales, Pulse Oximeters, Peak Flow Meters, ECG Monitors, and other devices, Monitors, Telemedicine Kiosks, Telemedicine Carts), Software (Web & Cloud-based Software, On-premise Software), Application (Psychiatry, Radiology, Cardiology, Primary Care, Dermatology, Remote ICU, and other applications), End User (Healthcare Providers, Patients, Healthcare Payers, and other end users), and Country. The report also assesses competitors in the industry and examines their market positions at the national level.

Among all the components studied in the report, by 2023, the services segment is projected to hold the predominant portion of the South East Asia telehealth market. This significant share is driven by the rising adoption of telehealth services such as teleconsultation and telemonitoring, the expanding elderly population, and the increasing prevalence of chronic illnesses. Additionally, factors such as enhanced access to specialist healthcare, cost savings in healthcare expenses, improved health outcomes, enhanced healthcare operational efficiencies, and increased satisfaction among doctors and patients have all contributed to the segment's substantial market presence.

Among all the applications studied in the report, in 2023, the psychiatry segment is projected to dominate the South East Asia telehealth market. The increasing acceptance of telepsychiatry as a reliable and effective tool for enhancing access, quality, and efficiency in mental health care is a key driver. The shortage of primary psychiatric services and the impact of the COVID-19 pandemic have accelerated the adoption of telepsychiatry services. Psychiatrists utilize telemedicine to deliver a wide range of services previously conducted in person, including psychiatric assessments, individual and group therapy sessions, family counseling, patient education, and medication management. These factors collectively contribute to the significant growth and leadership of the psychiatry segment in the market.

Among all the end users studied in the report, by 2023, the healthcare providers segment is anticipated to hold the primary portion of the South East Asia telehealth market. This significant share is driven by increasing demand for accessible healthcare services and the shortage of medical professionals in the region.

Among all the countries studied in the report, in 2023, Indonesia is projected to dominate the South East Asia telehealth market. This is primarily due to factors such as higher per capita healthcare spending, increased adoption of universal healthcare initiatives, a growing elderly population, enhanced government investments in healthcare infrastructure, and a heightened emphasis on integrating digital technologies into healthcare delivery. These elements collectively contribute to Indonesia securing the largest market share in the region.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5729ss

Key questions answered in the report:

  • Which market segments show rapid growth based on component, application, end user, and country?
  • What has been the historical performance of telehealth solutions in South East Asia?
  • What are the market projections and forecasts for the period 2023–2030?
  • What are the primary drivers, challenges, constraints, and opportunities in the South East Asia telehealth market?
  • Who are the key players in the South East Asia telehealth market?
  • How competitive is the landscape of the South East Asia telehealth market, and which companies are leading?
  • What are the recent advancements in the South East Asia telehealth market?
  • What strategies are employed by major players in the South East Asia telehealth market?
  • What are the regional trends and countries experiencing substantial growth?

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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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