November 11, 2020
According to the research report titled ‘Asian Telemedicine Market A? Analysis By Modality Type, Application, End-User, By Region, By Country (2020 Edition) : Market Insights, Covid -19 Impact, Competition and Forecast (2020-2025)’ available with Market Study Report, Asian telemedicine market was worth USD 5884.31 million in 2019 and is projected to record a healthy CAGR of 9.8% during 2020-2025.
Factors such as rising geriatric population, technological advancements in telecommunication sector, growing prevalence of communicable diseases, and increasing number of healthcare start-ups are augmenting the growth of Asian telemedicine market.
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Deployment of stringent lockdown measures amidst the COVID-19 pandemic coupled with growing concerns regarding the contraction of the Coronavirus in hospitals have impelled the demand for virtual healthcare services, which in turn is fostering the overall market expansion. Moreover, affordable and convenient mechanisms of the product while consulting healthcare professionals is also stimulating the Asian telemedicine market outlook.
Based on application reach, Asian telemedicine market share from the teleradiology segment is anticipated to witness substantial expansion through 2025. Lack of radiologists in semi-urban and rural areas coupled with escalating demand for radiology, owing to the facility of remotely accessing diagnostic reports are fostering the growth of the segment.
With regards to end-use terrain, the hospital facilities segment is set to grow significantly over the forecast period, owing to surging demand for telemedicine platforms in hospitals for efficient data management.
Moving on to modality type, the store-and-forward segment is predicted to reflect the largest share in Asian telemedicine market over 2020-2025.
The country-level bifurcation of the market comprises of Thailand, Philippines, Vietnam, Malaysia, Indonesia, Singapore, South Korea, India, Japan, and China.
Leading companies that define the Asian telemedicine industry trends are Ping An Good Doctor, WhiteCoat, MyDoc Private Limited, Doctor On Call Private Limited, Doctor Raksa Co., Ltd., Pte Ltd., Halodoc ID, Doctor2u, and Doc2us.