South East Asia Telehealth Market Predicted to Hit $20.3 Billion by 2030

 

Meticulous Research®, a leading global market research company, has published 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.'

According to this latest publication from Meticulous Research®, the South East Asia telehealth market is projected to reach $20.3 billion by 2030, growing at a CAGR of 18.6% during the forecast period. The market growth is primarily driven by the increasing adoption of telehealth solutions, growing investments in healthcare IT infrastructure, favorable government initiatives, and a rising geriatric population along with the increasing prevalence of chronic diseases. However, challenges such as technical difficulties, security breaches, regulatory barriers, and privacy concerns are limiting market growth. Despite these challenges, the implementation of telemedicine programs and broadband penetration are expected to offer significant growth opportunities.

Key Players

The key players 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 South East Asia 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 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. The study also evaluates industry competitors and analyzes their market share at the country level.

In 2023, the services segment is expected to account for the largest share of the South East Asia telehealth market. This is attributed to the increasing adoption and utilization of telehealth services such as teleconsultation and telemonitoring, an aging population, and the rising prevalence of chronic diseases. Moreover, improved access to specialist care, reduced healthcare costs, improved health outcomes, and increased healthcare efficiency are contributing to the segment’s growth.

The psychiatry segment is expected to hold the largest market share in 2023, driven by the rising acceptance of telepsychiatry as an efficient tool for improving mental health treatment. The shortage of primary psychiatric care and the impact of the COVID-19 pandemic have accelerated the adoption of telepsychiatry services. Psychiatrists are using telemedicine to provide evaluations, therapy, patient education, and medication management.

The healthcare providers segment is expected to hold the largest market share in 2023, driven by the demand for convenient care and the shortage of medical professionals.

Among the countries studied, Indonesia is expected to hold the largest market share in 2023. Factors such as higher healthcare expenditure per capita, implementation of universal healthcare programs, an aging population, government investments in healthcare, and a focus on digital technology integration are contributing to this growth.

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

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 South East Asia?
  • What are the market forecasts and estimates for 2023–2030?
  • What are the major drivers, restraints, challenges, and opportunities in the South East Asia telehealth market?
  • Who are the major players in the South East Asia telehealth market?
  • What is the competitive landscape of the South East Asia telehealth market, and who are the market leaders?
  • What are the recent developments in the South East Asia telehealth market?
  • What strategies are adopted by the major players in the South East Asia telehealth market?
  • What are the geographical trends and high-growth countries?

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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