Japan Telemedicine Market Size & Outlook, 2023-2030
Japan telemedicine market, 2018-2030 (US$M)
Related Markets
Japan telemedicine market highlights
- The Japan telemedicine market generated a revenue of USD 4,288.9 million in 2023 and is expected to reach USD 14,977.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 19.6% 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.
Telemedicine market data book summary
| Market revenue in 2023 | USD 4,288.9 million |
| Market revenue in 2030 | USD 14,977.0 million |
| Growth rate | 19.6% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Japan accounted for 3.7% of the global telemedicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China telemedicine market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 15,114.5 million by 2030.
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Telemedicine Market Scope
Telemedicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Japan 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 52.34% in 2023. Horizon Databook has segmented the Japan telemedicine market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
Government initiatives to expand usage of telemedicine platforms are expected to boost the market growth in Japan. For instance, during the COVID-19 pandemic, telemedicine platforms were made temporality available for patients.
In October 2020, the Ministry of Health, Labour and Welfare reached an agreement with the Minister of Digital Transformation and the Minister in charge of regulation reforms to make telehealth permanently available.
However, the Japan Medical Association has expressed its opposition toward the decision, which is expected to negatively impact the market growth to some extent. The telemedicine market in Japan is expected to exhibit lucrative growth over the forecast period.
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Target buyers of Japan 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 country-level data and insights on the Japan telemedicine market , including forecasts for subscribers. This country databook contains high-level insights into Japan telemedicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan telemedicine market size, by component, 2018-2030 (US$M)
Japan Telemedicine Market Outlook Share, 2023 & 2030 (US$M)
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