Meticulous Research® has unveiled a detailed 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.’
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According to the report by Meticulous Research®, the Asia-Pacific telehealth market is forecasted to achieve $176.63 billion by 2030, growing at a CAGR of 24.2% throughout the forecast period. The market growth is primarily driven by the shortage of healthcare professionals, government support, an aging population with chronic diseases, increasing digitalization, and heightened telehealth awareness. Innovations such as telerobots and advancements in AI and virtual assistants are expected to drive further growth. Nevertheless, challenges like technical issues, security breaches, regulatory constraints, and patient privacy concerns may moderate market expansion.
Key Players
Key participants 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 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 Devices), Monitors, Telemedicine Kiosks, Telemedicine Carts} Software {Web & Cloud-based, On-premise}, 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 offers a competitive landscape and market share analysis at the country level.
In 2024, the services segment is projected to hold the largest share of the Asia-Pacific telehealth market. This is due to the high usage of telehealth services such as teleconsultation and telemonitoring, driven by factors including an aging population, rising chronic disease prevalence, and increased telehealth adoption. Benefits such as improved access to specialist care, cost reduction, enhanced health outcomes, and greater satisfaction for healthcare providers and patients contribute to this segment’s growth.
Among the applications, psychiatry is expected to dominate in 2024. Telepsychiatry’s effectiveness in improving mental health care access and quality is leading to its increased adoption. The COVID-19 pandemic and a shortage of psychiatric care have accelerated the use of telepsychiatry for evaluations, therapy, and medication management.
For end users, healthcare providers are expected to lead the market in 2024 due to growing demand for convenient care solutions and a shortage of medical professionals.
In terms of countries, China is anticipated to have the largest market share in 2024. Factors such as extensive adoption of new imaging technologies, advancements in healthcare infrastructure, and a strong emphasis on digital health contribute to China’s market leadership. The country is a frontrunner in digital healthcare adoption, with over 90% of health professionals using digital tools and significant government support.
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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