Meticulous Research®, a prominent global market research company, recently unveiled its latest 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 projects that the Asia-Pacific telehealth market will reach a valuation of $176.63 billion by 2030, expanding at a CAGR of 24.2% over the forecast period. The major driving forces behind this growth include the shortage of healthcare professionals, favorable government policies, the increasing elderly population, a rising number of chronic diseases, and enhanced digitalization efforts. In addition, innovations such as telerobots, AI, and virtual assistants are anticipated to create new growth opportunities. Despite this positive outlook, the market faces certain challenges, such as technical issues, regulatory obstacles, and concerns related to patient privacy and security, which may limit its full growth potential.
Key Industry Players
The report highlights key players in the Asia-Pacific telehealth market, including companies like 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 Outlook and Segmentation
The Asia-Pacific telehealth market is categorized into several components, including Services (Real-time, Store-and-forward, Remote Monitoring), Hardware (Medical Peripheral Devices such as Blood Glucose Monitors, Blood Pressure Monitors, ECG Monitors, and others), Software (Cloud-based and On-premise), Applications (Psychiatry, Radiology, Cardiology, Primary Care, Dermatology, Remote ICU), and End Users (Healthcare Providers, Patients, Healthcare Payers, and others).
Among these, the services segment is expected to dominate the market in 2024, driven by the widespread use of telehealth services like teleconsultations and telemonitoring. This is further accelerated by the aging population and the increasing burden of chronic diseases in the region. Additionally, telehealth services offer benefits such as improved access to specialists, reduced costs, and greater patient satisfaction.
On the application side, the psychiatry segment is projected to account for the largest share of the market in 2024. The adoption of telepsychiatry services is increasing due to the ongoing mental health crisis, exacerbated by the COVID-19 pandemic. These services are enabling psychiatrists to provide remote consultations, therapy, and medication management more efficiently, expanding access to mental health services for patients.
Country-Level Analysis
Geographically, China is expected to lead the Asia-Pacific telehealth market in 2024. China's investment in healthcare infrastructure, adoption of advanced imaging technologies, and strong government support for healthcare digitalization are key factors contributing to its leadership in the region. Over 90% of healthcare professionals in China have embraced digital health tools, showcasing the country’s commitment to integrating telehealth solutions into its healthcare system.
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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