Asia Pacific Telemedicine Market Size & Outlook, 2023-2030
Asia Pacific telemedicine market, 2018-2030 (US$M)
Related Markets
Asia Pacific telemedicine market highlights
- The Asia Pacific telemedicine market generated a revenue of USD 30,381.5 million in 2023.
- The market is expected to grow at a CAGR of 19.5% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 30,381.5 million |
| Market revenue in 2030 | USD 105,769.5 million |
| Growth rate | 19.5% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Services |
| Key market players worldwide | Twilio Inc Class A, Teladoc Health Inc, Zoom Video Communications Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.4% of the global telemedicine 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 105,769.5 million by 2030.
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Telemedicine Market Scope
Telemedicine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific telemedicine 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 telemedicine market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 51.93% in 2023. Horizon Databook has segmented the Asia Pacific telemedicine market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific telemedicine market is segmented into Japan, India, China, Australia, South Korea, Singapore, and Malaysia. Developing healthcare infrastructure and increasing healthcare spending in emerging economies are also among factors expected to propel the growth in this region over the forecast period.
Furthermore, the market is driven by favorable government reforms and organizations that provide support to telemedicine. In addition, urgent need for development of new systems and replacement & advancement of medical infrastructure are anticipated to provide the market with lucrative growth opportunities over the forecast period.
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Target buyers of Asia Pacific telemedicine market databook
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Our clientele includes a mix of telemedicine 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 telemedicine market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific telemedicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific telemedicine market size, by country, 2018-2030 (US$M)
Asia Pacific Telemedicine Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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