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

The Asia-Pacific Telehealth Market is projected to reach $176.63 billion by 2030, at a CAGR of 24.2% from 2024 to 2030. Telehealth refers to the use of digital information and communication technologies, such as computers and mobile devices, to access and manage healthcare services remotely. Telehealth involves delivering healthcare, health education, and health information services through remote technologies. Telehealth has several benefits, including reduced unnecessary hospitalizations, medical treatment wait times, and significant financial savings. It allows patients and physicians to engage over great distances and provide care, counseling, reminders, education, intervention, monitoring, and remote admissions. Telehealth involves videoconferencing, transmission of still images, e-health, remote monitoring of vital signs, continuing medical education, and nurse call centers. Both primary and specialized care providers benefit from telehealth because it allows them to broaden their reach and treat patients everywhere there is an Internet connection.

The key factors driving the Asia-Pacific telehealth market are the shortage of healthcare professionals, favorable government policies and initiatives, the increasing geriatric population coupled with the rising chronic diseases, and increasing digitalization and rising awareness about the benefits of telehealth. Furthermore, the development of telerobots and the use of artificial intelligence and virtual assistance are expected to offer immense growth opportunities for market expansion. However, limitations such as physical examinations, technical difficulties, regulatory barriers, security breaches of telehealth, and patient privacy and confidentiality issues are expected to restrain the growth of this market to some extent. In addition, reluctance to migrate from conventional systems and the possibility of misdiagnosis are the major challenges to the market’s growth.

Limitations of Telehealth Restrain the Growth of the Asia-Pacific Telehealth Market

The use of live video communications technology was not enough for comprehensive medical care until recently. Most patients and clinicians now have easy access to high-quality video-conferencing technology. A virtual visit, however, may not be sufficient for some physicians to diagnose or treat a patient. Although virtual treatment can be quite successful for many minor disorders, physicians may be hesitant to undertake an examination over video chat. Some patients may consider this as a reason to schedule an in-person session rather than a virtual one. During telemedicine sessions, providers must rely on patient self-reports. This may require physicians to ask more questions to obtain their complete health history. If a patient fails to mention an important symptom that was visible during in-person therapy, treatment may be affected.

Some telehealth skeptics fear that it would disrupt the continuity of care, claiming that online interactions are impersonal and harmful because the virtual physician lacks the benefit of a detailed history and physical examination to aid diagnosis and treatment. Thus, the lack of health standards compared to the traditional health system might hinder the growth of this market to some extent.

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Use of Artificial Intelligence (IT) and Virtual Assistance Creates an Opportunity to Market’s Growth

Artificial intelligence (AI) is broadening the scope of telemedicine technology to include radiology, pathology, dermatology, and psychiatry, among other fields. Artificial intelligence-driven smart solutions, including care-assistive apps and prediction algorithms, allow for more than just remotely evaluating patients' diagnostic needs. They help healthcare professionals (HCPs) reduce workloads by automatically translating prescriptions into Electronic Health Records (EHRs) and generating medical reports, particularly in times of crisis.

Furthermore, healthcare professionals can use AI-enabled EHRs to increase data interoperability and improve remote patient monitoring. AI-based networking models can shorten the time it takes to find specialists, reducing patient waiting times. Clinicians at the Los Angeles County Department of Health Services, for instance, reduced visits to specialized care providers by more than 14,000 by introducing telemedicine examinations for diabetic retinopathy at the department’s security net facilities.

AI-enabled healthcare chatbots are also gaining traction in Southeast Asia. These bots can chat with people in the virtual plane, answering their questions, educating them about sickness symptoms, and assisting them in scheduling appointments with doctors. It also allows healthcare professionals to verify a patient's medical history, perform remote diagnoses, and create digital prescriptions. For instance, In February 2021, Bot MD (Singapore) received funding of USD 5 million for its AI-based clinical assistant. This technology is designed to work as a chatbot to assist in clinical questioning by the doctor.

Thus, the use of artificial intelligence and virtual assistants in the field of telemedicine is creating growth opportunities for the players operating in this market.

Key Findings in the Asia-Pacific Telehealth Market Study:

In 2024, the Services Segment is Expected to Account for the Largest Share of the Market

Among all the components, in 2024, the services segment is expected to account for the largest share of the market. The large share of this segment is attributed to the increasing utilization of telehealth services in remote/rural areas, shortage of physicians and specialists, increasing remote patient monitoring for chronic diseases, and growing adoption and awareness about telehealth solutions.

In 2024, the Psychiatry Segment is Expected to Account for the Largest Share of the Market

Among all the applications, in 2024, the psychiatry segment is expected to account for the largest share of the market. The large uptake of telehealth in the psychiatry segment can be attributed to the shortage of primary psychiatric care and the outbreak of the COVID-19 pandemic. Telepsychiatry services have proven efficient and effective in improving access, quality, and efficiency in mental healthcare, contributing to its rapid adoption.

In 2024, the Healthcare Providers Segment is Expected to Account for the Largest Share of the Market

Among all the end users, in 2024, the healthcare providers segment is expected to account for the largest share of the market. The large share of this segment is attributed to factors such as the high demand for convenient healthcare, the dearth of medical professionals, advanced telehealth infrastructure in hospitals, and an increase in the focus and availability of provider-specific telehealth solutions.

China: Largest Share of the Asia-Pacific Telehealth Market

China is expected to account for the largest share of the Asia-Pacific telehealth market. The growth in this market is attributed to the shortage of healthcare professionals, rising adoption of telehealth services due to the COVID-19 crisis, uneven regional distribution of healthcare services, rising digitalization and internet penetration, and improving government rules and regulations.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by major market players in the last three to four years. The key players profiled in the Asia-Pacific telehealth market report are Aerotel Medical Systems Ltd. (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.).

Scope of the Report:

Asia-Pacific Telehealth Market, by Component

• Overview
• 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     

Asia-Pacific Telehealth Market, by Application

• Overview
• Psychiatry
• Radiology
• Cardiology
• Primary Care
• Dermatology
• Remote ICU
• Other Applications
  (Note: Other applications comprise nutrition, nursing, pharmacy, dentistry, audiology, neurology, rehabilitation, pathology, and surgery)

Asia-Pacific Telehealth Market, by End User

• Overview
• Healthcare Providers
• Patients
• Healthcare Payers
• Other End Users
  (Note: Other end users comprise government bodies and employer groups)

Asia-Pacific Telehealth Market, by Country/Region

• China
• Japan
• India
• Australia
• South Korea
• New Zealand
• Southeast Asia
• Rest of Asia-Pacific

Key questions answered in the report: