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

As per Meticulous Research®’s latest data, the Asia-Pacific telehealth market is projected to grow to $176.63 billion by 2030, at a CAGR of 24.2% during the forecast period. The growth is attributed to several factors, including the shortage of healthcare professionals, favorable government policies, an aging population with chronic diseases, rising digitalization, and increased awareness of telehealth benefits. Innovations such as telerobots and advancements in AI and virtual assistants are also expected to enhance market growth. However, technical difficulties, security issues, regulatory challenges, and concerns about patient privacy may pose constraints.

Key Players

Major 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 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 provides insights into industry competitors and their market share at the country level.

In 2024, the services segment is expected to dominate the Asia-Pacific telehealth market. This is due to the high demand for services such as teleconsultation and telemonitoring, driven by the aging population, increasing prevalence of chronic diseases, and growing adoption of telehealth solutions. Benefits like better access to specialist care, cost savings, improved health outcomes, and enhanced satisfaction for healthcare providers and patients are key factors contributing to this segment’s growth.

Among the applications, psychiatry is expected to hold the largest market share in 2024. Telepsychiatry is increasingly recognized as an effective tool for improving mental health care access and quality. The COVID-19 pandemic and a shortage of psychiatric services have accelerated the adoption of telepsychiatry for evaluations, therapy, and medication management.

In terms of end users, healthcare providers are expected to lead the market in 2024, driven by the rising demand for convenient care and the shortage of medical professionals.

Geographically, China is anticipated to dominate the Asia-Pacific telehealth market in 2024. The country’s substantial adoption of new imaging technologies, improvements in healthcare infrastructure, and strong emphasis on digital health contribute to its market leadership. China’s advanced digital healthcare landscape, with over 90% of health professionals using digital tools and significant government backing, solidifies its position.

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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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