South East Asia Telehealth Market to be Worth $20.3 Billion by 2030

South East Asia Telehealth Market by Component [Hardware (Peripheral Devices, Monitor), Software (Cloud, On-premises), Services (Real-time, Remote Monitoring)], Application [Radiology, Cardiology, Psychiatry], End User [Provider, Patient] - Forecast to 2030

Meticulous Research^®—leading global market research company, published a research report titled, ‘South East Asia Telehealth Market by Component [Hardware (Peripheral Devices, Monitor), Software (Cloud, On-premises), Services (Real-time, Remote Monitoring)], Application (Radiology, Cardiology, Psychiatry), End User {Provider, Patient} - Forecast to 2030.'

According to this latest publication from Meticulous Research^®, the South East Asia telehealth market is projected to reach $20.3 billion by 2030, at a CAGR of 18.6% during the forecast period. The growth of the South East Asia telehealth market is mainly attributed to the increasing adoption of telehealth solutions, increasing investments in healthcare IT infrastructure, favorable government initiatives for telehealth services, and the rising geriatric population, along with the increasing prevalence of chronic diseases. However, limitations such as technical difficulties, security breaches, regulatory barriers, and physical examinations of telehealth and privacy and data security concerns are restraining the growth of this market. Furthermore, the implementation of telemedicine with several programs and broadband penetration for greater coverage of healthcare services is expected to offer better growth opportunities for market expansion.

Key Players

The key players profiled in the South East Asia telehealth market are Doctor Anywhere Pte Ltd. (Singapore), Cerner Corporation (U.S.), Koninklijke Philips N.V. (Netherlands), Cisco Systems, Inc. (U.S.), Siemens Healthineers AG (Germany), F. Hoffmann-La Roche Ltd (Switzerland), Resideo Technologies Inc. (U.S.), MaNaDr Pte Ltd. (Singapore), Medtronic plc (Ireland), SATA CommHealth (Singapore), DoctorOnCall (Malaysia), Grab Holdings Inc. (Singapore), ClicknCare (Malaysia), and MyDoc Pte. Ltd. (Singapore).

South East Asia Telehealth Market: Future Outlook

The South East Asia telehealth market is segmented based on 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 study also evaluates industry competitors and analyzes their market share at the country level.

Among all the components studied in the report, in 2023, the services segment is expected to account for the largest share of the South East Asia telehealth market. The large market share of this segment is attributed to the increasing adoption and utilization of telehealth services like teleconsultation and telemonitoring, the increasing geriatric population, and the growing prevalence of chronic diseases. Moreover, increased access to specialist care, reduced expenses & healthcare costs, improved health outcomes, increased healthcare efficiencies, and increased doctor & patient satisfaction contributed to the segment’s large share.

Among all the applications studied in the report, in 2023, the psychiatry segment is expected to account for the largest share of the South East Asia telehealth market. The acceptance of telepsychiatry is rising rapidly as an efficient and effective tool for improving access, quality, and efficiency in mental health treatment. The shortage of primary psychiatric care and the outbreak of the COVID-19 pandemic have led to greater adoption of telepsychiatry services. Psychiatrists use telemedicine to provide many of the same services they would provide in person, including psychiatric evaluations, individual therapy, group therapy, family therapy, patient education, and medication management. Thus, such factors are contributing to the largest share of the market’s growth.

Among all the end users studied in the report, in 2023, the healthcare providers segment is expected to account for the largest share of the South East Asia telehealth market. Factors contributing to the large market share of this segment are the rise in demand for convenient care and the dearth of medical professionals.

Among all the countries studied in the report, in 2023, Indonesia is expected to account for the largest share of the South East Asia telehealth market. Factors such as the higher healthcare expenditure per capita, rising implementation of universal healthcare programs, rising geriatric population, growing government investments in healthcare, and increasing focus on integrating digital technology into healthcare services contribute to the large market share of this segment.

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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 South East Asia?
What are the market forecasts and estimates for 2023–2030?
What are the major drivers, restraints, challenges, and opportunities in the South East Asia telehealth market?
Who are the major players in the South East Asia telehealth market?
What is the competitive landscape of the South East Asia telehealth market, and who are the market leaders?
What are the recent developments in the South East Asia telehealth market?
What strategies are adopted by the major players in the South East Asia telehealth market?
What are the geographical trends and high-growth countries?

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