Telehealth Services Market in ASEAN Market Size

ASEAN Telehealth Service Market Analysis

The Telehealth Services Market in ASEAN Industry is expected to grow from USD 2.30 billion in 2024 to USD 6.53 billion by 2029, at a CAGR of 23.24% during the forecast period (2024-2029).

Telehealth is the delivery of healthcare services using technology in the diagnosis, treatment, and prevention of disease or injuries, research, evaluation, and education for healthcare providers and their communities.

In the current ASEAN market, The Telehealth Service Market is anticipated to witness a proliferation in the coming years backed by an increase in the biotechnology industry in the country. The rapid urbanization in the country is leading to an increased demand for best-in-class infrastructure in the residential domain along with a rise in the demand for premium infrastructural Types. The increase in the healthcare costs, a spur in the technological innovations in the healthcare sector, and efforts to find a resolution to address the accessibility issues of the healthcare sector in remote areas which have been a perennial problem in the developing economies across the countries are expected to ramp up double-digit growth prospects for the ASEAN telehealth market in the coming timeframe and offer bountiful opportunities to the potential industrial makers of the product and the to-be-investors to register significant growth in the coming timeframe.

It's common to find a few competing telehealth platforms in one country, as some platforms have started serving in Telehealth Services Market along with their primary business industry. The use of mHealth in ASEAN countries has increased exponentially in the last decade as it is one of the fastest-growing markets for the digital economy. The diversity in telehealth and telemedicine practice across countries calls for uniformity in guidelines and standards. Payers, regulators, and policymakers have been referring to guidelines and legislations, especially if telemedicine were integrated into existing policies and standard care. The telehealth guidelines in ASEAN, as the region shares common social and economic conditions, are having a very progressive impact on the region's Telehealth Service Market. Advances in digital technology have expanded mobile health (mHealth) applicability from providing health care in remote communities.

The COVID-19 pandemic further underscores the need for digital health services in ASEAN. Given the spread of the pandemic and the largescale lockdown measures imposed by governments in response, digital health services helped alleviate the pressure on medical resources and minimize the amount of persontoperson contact that is required for treatment. Initiatives were made by the Indonesian, Malaysian, and Philippine governments to foster the use of telemedicine amid the pandemic. The COVID-19 pandemic has spurred the growth of telemedicine from telephone consultations to a spectrum of ICT applications. The diversity in telemedicine practice across countries calls for uniformity in guidelines and standards