Asia Pacific Telehealth Market Size & Outlook, 2023-2030
Asia Pacific telehealth market, 2018-2030 (US$M)
Related Markets
Asia Pacific telehealth market highlights
- The Asia Pacific telehealth market generated a revenue of USD 30,508.6 million in 2023.
- The market is expected to grow at a CAGR of 27.5% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 30,508.6 million |
| Market revenue in 2030 | USD 167,192.3 million |
| Growth rate | 27.5% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Oracle Corp, Siemens Healthineers AG ADR, Medtronic PLC, Teladoc Health Inc, American Well Corp Ordinary Shares - Class A, Evernorth, Doctor On Demand, Global Med Technologies |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 30.2% of the global telehealth market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 167,192.3 million by 2030.
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Telehealth Market Scope
Telehealth Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific telehealth market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to telehealth market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 47.14% in 2023. Horizon Databook has segmented the Asia Pacific telehealth market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to grow at a rapid pace over the forecast period owing to increasing penetration of smartphones & smart wearable devices and rising adoption of digital health services.
Medical devices companies are increasingly collaborating with software developers to develop various monitoring and diagnostic applications, enabling the population to easily communicate with physicians. Emerging economies such as Malaysia and Thailand are also encouraging the development of low-cost mobile technology.
Rising demand for remote patient monitoring and other telehealth services owing to increase in government spending on healthcare is expected to propel growth of the remote patient monitoring devices market in Asia Pacific.
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Target buyers of Asia Pacific telehealth market databook
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Our clientele includes a mix of telehealth market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific telehealth market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific telehealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific telehealth market size, by country, 2018-2030 (US$M)
Asia Pacific Telehealth Market Outlook Share, 2023 & 2030 (US$M)
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