Meticulous Research®, a prominent global market research firm, has released a 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.’

According to the latest report by Meticulous Research®, the Asia-Pacific telehealth market is anticipated to reach $176.63 billion by 2030, growing at a compound annual growth rate (CAGR) of 24.2% throughout the forecast period. This growth is primarily driven by factors like a shortage of healthcare professionals, supportive government policies, a rising elderly population with chronic conditions, increasing digitalization, and growing awareness of telehealth benefits. Moreover, advancements such as telerobots, artificial intelligence, and virtual assistants are expected to create further growth opportunities. However, challenges like technical issues, security breaches, regulatory hurdles, and concerns about patient privacy and confidentiality might dampen market expansion to some degree.
Key Players
The prominent players identified in the Asia-Pacific telehealth market include Cerner Corporation (U.S.), Aerotel Medical Systems (1998) Ltd. (Israel), Koninklijke Philips N.V. (Netherlands), AMD Global Telemedicine, Inc. (U.S.), Medtronic plc (Ireland), Cisco Systems, Inc. (U.S.), Doctor On Demand, Inc. (U.S.), MDlive Inc. (U.S.), Siemens Healthineers AG (Germany), Zipnosis, Inc. (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Tunstall Group (U.K.), ClearArch, Inc. (U.S.), Teladoc Health, Inc. (U.S.), and Resideo Technologies Inc. (U.S.)

Asia-Pacific Telehealth Market: Future Outlook
The Asia-Pacific telehealth market is categorized into several segments based on components such as services (including real-time, store-and-forward, and remote patient monitoring), hardware (encompassing medical peripheral devices like blood glucose monitors, blood pressure monitors, etc., monitors, telemedicine kiosks, and carts), and software (web & cloud-based, on-premises). It also considers applications like psychiatry, radiology, cardiology, primary care, dermatology, remote ICU, among others, and end users including healthcare providers, patients, payers, and others. The report further examines industry rivals and assesses their market presence on a country level.

Among all the components studied in the report, in 2023, the services segment is forecasted to hold the dominant position in the Asia-Pacific telehealth market. This significant share is driven by the extensive utilization of telehealth services, such as teleconsultation and telemonitoring. Factors contributing to this include the growing elderly population, higher incidence of chronic illnesses, and increased acceptance and understanding of telehealth solutions. Furthermore, the segment's growth is propelled by enhanced access to specialized healthcare, cost savings, better health outcomes, improved healthcare system efficiency, and heightened satisfaction among both doctors and patients.

Among all the applications studied in the report, in 2023, the psychiatry segment is projected to hold the majority share in the Asia-Pacific telehealth market. Telepsychiatry is increasingly embraced as a valuable tool for enhancing accessibility, quality, and efficiency in mental healthcare. Factors such as a scarcity of primary psychiatric services and the impact of the COVID-19 pandemic have accelerated the adoption of telepsychiatry services. Psychiatrists utilize telemedicine to offer a wide range of services like those provided in traditional settings, encompassing psychiatric assessments, individual and group therapy, family counseling, patient education, and medication management.

Among all the end users studied in the report, in 2023, the healthcare providers segment is anticipated to hold the highest proportion of the Asia-Pacific telehealth market. This significant share is driven by increasing demand for convenient healthcare services, coupled with a shortage of medical professionals.
Among all the countries studied in the report, in 2023, China is projected to hold the dominant share of the Asia-Pacific telehealth market. This is primarily due to factors like widespread adoption of advanced imaging technologies, ongoing enhancements in healthcare infrastructure, and an increasing emphasis on digitalizing healthcare services. China stands out in the region for its leadership in digital healthcare, with over 90% of its healthcare professionals embracing digital health tools such as electronic health records (EHRs) and telehealth. The Chinese government plays a pivotal role in driving this adoption.

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Key questions answered in the report:
• Which segments are experiencing notable growth in the market based on components, applications, end users, and countries?
• What was the past performance of the telehealth solutions market in the Asia-Pacific region?
• What are the projected market figures and estimations for the period spanning from 2023 to 2030?
• What are the key factors fuelling growth, hindering progress, presenting obstacles, and offering potential advantages in the Asia-Pacific telehealth market?
• Who are the prominent participants in the Asia-Pacific telehealth market?
• What does the competitive scenario look like in the Asia-Pacific telehealth market, and which companies stand out as leaders?
• What are the latest advancements or updates observed in the Asia-Pacific telehealth market?
• What approaches are employed by the key players in the Asia-Pacific telehealth market?
• What are the patterns observed in different regions and which countries are experiencing notable growth in the Asia-Pacific telehealth market?

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