Malaysia Telemedicine Market Size & Outlook, 2023-2030
Malaysia telemedicine market, 2018-2030 (US$M)
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Malaysia telemedicine market highlights
- The Malaysia telemedicine market generated a revenue of USD 1,848.6 million in 2023 and is expected to reach USD 6,515.4 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 19.7% 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 1,848.6 million |
| Market revenue in 2030 | USD 6,515.4 million |
| Growth rate | 19.7% (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, Malaysia accounted for 1.6% 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 |
|---|
Malaysia 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 51.79% in 2023. Horizon Databook has segmented the Malaysia telemedicine market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Sunway Medical Centre in Malaysia launched a telemedicine command center in January 2021, which operates on a 24*7 basis and patients can either call in, email, or reach out through social media platforms.
Moreover, in April 2021, Malaysia’s telemedicine service provider DOC2US partnered with AIA Malaysia, an insurance company, for providing virtual health services and wellness programs for the insurance company’s corporate and individual customers. Such initiatives are expected to boost the market growth.
Popular telemedicine platforms in Malaysia include Doctor On Call, RingMD, Teleme, and u2doc. The country also has favorable regulations for practicing and adopting telemedicine platforms, which is expected to boost the market growth during the forecast period.
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Our clientele includes a mix of telemedicine market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Malaysia telemedicine market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia telemedicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia telemedicine market size, by component, 2018-2030 (US$M)
Malaysia Telemedicine Market Outlook Share, 2023 & 2030 (US$M)
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