$176.63 Billion Value Forecast for Asia-Pacific Telehealth Market by 2030

 

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

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5715

According to the latest research from Meticulous Research®, the Asia-Pacific telehealth market is anticipated to reach $176.63 billion by 2030, exhibiting a CAGR of 24.2% throughout the forecast period. The market's expansion is driven by factors such as the shortage of healthcare professionals, supportive government policies, an aging population with chronic conditions, advancing digitalization, and increased awareness of telehealth benefits. Additionally, innovations like telerobots and advancements in artificial intelligence and virtual assistants are expected to present substantial growth opportunities. Despite these prospects, challenges including technical issues, security concerns, regulatory hurdles, and patient privacy issues may moderate market growth.

Key Players

Prominent players in the Asia-Pacific telehealth market include Aerotel Medical Systems (Israel), Cerner Corporation (U.S.), Medtronic plc (Ireland), Koninklijke Philips N.V. (Netherlands), AMD Global Telemedicine, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Doctor On Demand, Inc. (U.S.), MDlive Inc. (U.S.), Siemens Healthineers AG (Germany), Teladoc Health, Inc. (U.S.), Zipnosis, Inc. (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Tunstall Group (U.K.), ClearArch, Inc. (U.S.), and Resideo Technologies Inc. (U.S.)

Asia-Pacific Telehealth Market: Future Outlook

The Asia-Pacific telehealth market is categorized 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 report also assesses industry competitors and their market share at the national level.

Among the components analyzed, the services segment is projected to hold the largest market share in 2024. This dominance is attributed to the widespread use of telehealth services such as teleconsultation and telemonitoring, driven by the aging population, rising prevalence of chronic diseases, and growing acceptance of telehealth solutions. Additionally, factors like enhanced specialist care access, reduced healthcare costs, improved health outcomes, and increased satisfaction among doctors and patients further support this segment’s growth.

Regarding applications, psychiatry is expected to capture the largest share in 2024. The rapid adoption of telepsychiatry as an efficient tool for mental health treatment is a significant factor. The COVID-19 pandemic and the shortage of psychiatric care have accelerated the use of telepsychiatry for evaluations, therapy, education, and medication management.

In terms of end users, healthcare providers are expected to dominate the market in 2024 due to rising demand for convenient care amidst a shortage of medical professionals.

Geographically, China is forecasted to lead the Asia-Pacific telehealth market in 2024. The country’s high adoption of new imaging technologies, improving healthcare infrastructure, and a strong focus on healthcare digitalization contribute to its market leadership. China surpasses other Asian countries in digital healthcare adoption, with over 90% of health professionals using digital tools like EHRs and telehealth, supported by government initiatives.

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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