Analysis of The Telemedicine Market in Asia-Pacific

  • ID: 3300557
  • Report
  • Region: Asia Pacific
  • 100 Pages
  • Frost & Sullivan
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Affordable Telemedicine Services Are Enabling Business Model Evolution
Telemedicine is not a new concept in healthcare; it has been practiced in the form of pilots and charitable projects for over a decade across Asia-Pacific countries. However, recent advancements in information and communication technologies have led to a significant decrease in the costs associated with telemedicine, spurring a sudden market boom. This study explores the revolution in technological, regulatory, and business models, which is driving telemedicine growth and adoption in the region.

Key Findings

- As identified through recent surveys across the telehealth industry, access to care is a key issue across the world. The key telehealth markets include telemedicine, remote monitoring, mobile health (mHealth), and wearables. Telehealth enables anytime-anywhere access to healthcare services, thus serving a pressing market need.

- Consumers as well as telehealth companies in developed countries agree that telemedicine is a core technology-based healthcare service that is in demand and is expected to generate high market returns in the near future. The major industry trends driving telemedicine adoption in North America include the availability of reimbursement, the adoption of standards and guidelines, technology improvements, and the increasing interest in specialized telemedicine consults.

- The Asia-Pacific (APAC) scenario is similar to Western countries in that governments and healthcare providers have acknowledged the needs and the benefits of telemedicine in the region. However, the lack of education and training, along with virtually absent industry standards, has hampered market development across most part of the region.

The key challenge is the lack of a sustainable business model because reimbursement mechanisms are under-developed and consumers are unable to pay.

- In 2014, the APAC telemedicine market generated a revenue of $ million. The market is expected to register a compound annual growth rate (CAGR) of % from 2014 to 2019, with a revenue estimate of $million in 2019.

- Japan and Australia-New Zealand (ANZ) represent developed markets while the largest opportunity lies in India and China. Across all APAC countries, the government offers direct and indirect incentives in the form of pilot projects, financing programs, guidelines and policies, and regulatory reforms, with various countries at different stages of the adoption curve.

- Although the cost of telemedicine technology is declining, direct-to-consumer models continue to be unaffordable for the masses and are generally offered as a premium service by healthcare providers. The most profitable target segments for technology vendors continue to be healthcare providers (both public and private) and government agencies.
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1. Executive Summary

Key Findings
Scope and Segmentation
Key Questions This Study Will Answer
Market Engineering Measurements
CEO’s Perspective
Executive Summary - 3 Big Predictions

2. Perspectives on Telemedicine

Market Background
Coordinated Continuum of Healthcare
Telemedicine is Seeing Convergence with the Other Major Segments in Connected Healthcare
Market Convergence Impact on Telemedicine’s Future
Solving the Access to Care Problem is a Key Driver for the Adoption of Global Telehealth
Telemedicine is a Key Component of Care Coordination and is Central to the Evolution of De-centralized Healthcare
Telemedicine Market Highlights
Key Trends Influencing the Market - North America
Key Trends Influencing the Market - APAC
Market Views - Telehealth Regional Comparison
Evolution Timeline of the Telemedicine Value Proposition
Current versus Future in Telemedicine
Market Segmentation

3. Drivers, Restraints, and Trends - Telemedicine Market

Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Market Impact of Top 10 Trends

4. Forecasts and Trends - Telemedicine Market

Market Engineering Measurements
Forecast Methodology
Forecast Assumptions and Definitions
Revenue Forecast
Revenue Forecast by Segment
Revenue Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
Regional Comparison Discussion
Pricing Analysis

5. Competitive Playbook

Competitive Market Structure
Current Practices and Unmet Needs
Strategies to Meet Market Needs
Telemedicine Services Business Models
Comparative Product Profiles of Leading Market Participants
Assessment of Mergers, Acquisitions, and Partnerships

6. Technology Vendors Segment Breakdown

Technology Vendors Segment Key Findings
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast Discussion

7. Service Providers Segment Breakdown

Service Providers Segment Key Findings
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast Discussion

8. ANZ Breakdown

Revenue Forecast
Market Analysis

9. ASEAN Breakdown

Revenue Forecast
Market Analysis

10. China Breakdown

Revenue Forecast
Market Analysis

11. India Breakdown

Revenue Forecast
Market Analysis

12. Japan Breakdown

Revenue Forecast
Market Analysis

13. South Korea Breakdown

Revenue Forecast
Market Analysis

14. Predictions for 2020

3 Big Predictions
Big Predictions Discussion
Legal Disclaimer

15. Appendix
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Key Questions This Report Answers

- Is the market growing, how long will it continue to grow, and at what rate?

- How does the market differ across various APAC countries?

- Is this an industry or a market? Will these companies/products/services continue to exist or will other
companies acquire them? Will the products/services become features in other markets?

- How will the structure of the market change with time? Is the market ready for acquisitions?

- Are the products/services offered today meeting customer needs or is additional development

- Are the vendors in the market ready to do it alone or do they need partnerships to take their
businesses to the next level?
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