The Asia-Pacific telehealth market is projected to reach $176.63 billion by 2030.

 


Meticulous Research®, a leading global market research firm, recently published a detailed report titled Asia-Pacific Telehealth Market by Component [Hardware (Peripheral Devices, Monitor), Software (Cloud, On-premise), Services (Real-time, Remote Monitoring)] Application (Radiology, Cardiology, Psychiatry) End User (Provider, Payer, Patient) - Forecast to 2030.

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The report forecasts that the Asia-Pacific telehealth market will grow significantly, reaching an estimated value of $176.63 billion by 2030, with a compound annual growth rate (CAGR) of 24.2% throughout the forecast period. This growth is fueled by several factors, including a shortage of healthcare professionals, favorable government policies, rising awareness of telehealth benefits, and the growing geriatric population suffering from chronic conditions. The increasing adoption of digitalization and innovations like telerobots, artificial intelligence (AI), and virtual assistants are also expected to enhance the market. However, potential limitations such as technological difficulties, regulatory issues, security concerns, and privacy challenges may pose obstacles to the market's growth.

Key Market Players

The report identifies major companies shaping the Asia-Pacific telehealth market, such as Aerotel Medical Systems (Israel), Cerner Corporation (U.S.), Medtronic plc (Ireland), Koninklijke Philips N.V. (Netherlands), AMD Global Telemedicine (U.S.), Cisco Systems (U.S.), Doctor On Demand (U.S.), MDlive (U.S.), Siemens Healthineers (Germany), Teladoc Health (U.S.), Zipnosis (U.S.), F. Hoffmann-La Roche (Switzerland), Tunstall Group (U.K.), ClearArch (U.S.), and Resideo Technologies (U.S.).

Market Segmentation and Future Trends

The Asia-Pacific telehealth market is divided into various components, applications, and end users. The major components include Services (Real-time, Store-and-forward, Remote Monitoring), Hardware (Peripheral Devices like Blood Glucose Monitors, Blood Pressure Monitors, Pulse Oximeters, ECG Monitors, etc.), and Software (Cloud-based and On-premise). Key applications of telehealth services span Psychiatry, Radiology, Cardiology, Primary Care, Dermatology, and Remote ICU, while the main end users are Healthcare Providers, Patients, and Healthcare Payers.

The services segment is predicted to hold the largest market share in 2024, driven by the growing need for teleconsultations and remote monitoring services, particularly due to the region’s aging population and rising prevalence of chronic illnesses. Telehealth services provide enhanced healthcare outcomes by offering patients and providers greater convenience, improved efficiency, and more accessible care, which boosts their widespread adoption.

In terms of application, the psychiatry sector is expected to lead the market in 2024. The demand for telepsychiatry services has surged as mental health becomes a more significant focus, particularly after the COVID-19 pandemic, which highlighted the importance of remote mental health services. Telepsychiatry provides essential services such as therapy, counseling, and medication management, making it a critical tool for improving mental healthcare access.

Regional Outlook

China is projected to dominate the Asia-Pacific telehealth market by 2024, owing to its advanced healthcare infrastructure, strong government support for digital healthcare initiatives, and the widespread use of new technologies such as electronic health records (EHRs) and telehealth platforms. China’s leadership in this space is also due to its massive adoption of digital tools by healthcare professionals, with over 90% using telehealth or similar digital platforms to enhance patient care.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/asia-pacific-telehealth-market-5715

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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