According to a research report titled ‘Asian Telemedicine Market: 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 valued at USD 5884.31 million in 2019 and is anticipated to register a compound annual growth rate of 9.8% during 2020-2025.
 

Report findings state that convenience and affordability of consulting healthcare professionals online is enabling massive growth in the Asian telemedicine industry. The COVID-19 pandemic has also boosted telemedicine industry remuneration owing to restricted movement of people, and stigma of visiting hospitals for fear of infection.
 

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Moreover, rising geriatric population and increasing prevalence of communicable diseases will augmenting the market outlook. Parallelly, advancements in telecommunication technology will make telemedicine more accessible and cost effective, hence stimulating Asian telemedicine industry valuation.
 

On the basis of modality, the industry is classified into store-and-forward (asynchronous), and real-time (synchronous). Of these, store-and-forward segment is expected to account for the largest market share during the forecast period.
 

Moving on to application ambit, the industry is classified into telepathology, tele dermatology, teleradiology, and telepsychology among others. Teleradiology is reckoned to generate significant revenues for Asian telemedicine market by the year 2025, as it enables radiologists to access diagnostic reports remotely. Also, lack of radiology labs in semi-urban and rural areas will promote teleradiology in the ensuing years.
 

Elaborating on end user spectrum, Asian telemedicine marketplace is categorized into homecare, and hospital facilities. As per the report, hospital facilities segment is poised to grab a major chunk of the market in the forthcoming years, on account of efficient data management facilitated by telemedicine platform.
 

Based on geographical terrain, countries like South Korea, Philippines, Malaysia, Singapore, Indonesia, Vietnam, Thailand, Japan, China and India are scrutinized in the report to comprehend the industry dynamics.
 

Key contenders in Asian telemedicine market sphere are Ping An Good Doctor, Doc2us®, WhiteCoat Holdings Pte. Ltd., Doctor2u (BP Healthcare Group), MyDoc Pte. Ltd., Halodoc, Good Doctors Medical Clinic, Doctor Anywhere Pte. Ltd., DoctorOnCall, and Doctor Raksa Co. Ltd.