The Telehealth Market Report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Telehealth Industry Report covers the present scenario and the growth prospects of the Telehealth Market for 2021. The research was conducted using an objective combination of primary and secondary information including inputs from key participants in the Telehealth industry.
The major factors driving the growth of the telehealth market are the rise in the aging and chronically ill population, the shortage of physicians in the U.S., uneven physician distribution worldwide, improvement in telecommunication infrastructure, technological advancements, rising healthcare costs, and awareness on the benefits of tele-health.
The report ‘’Telehealth Market By Component (Hardware (Blood Glucose Meters), Software (Integrated), Services (Remote Monitoring, Real-Time Interactions)), End User (Providers, Patients) & By Delivery Mode (On Premise, Web, & Cloud) – Trends & Global Forecast To 2020 “ analyzes and studies the Key market drivers, opportunities, Trends, Regional Outlook, Market Segmentation and challenges in the developing nations
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In telehealth market growing demands from consumers for improved healthcare quality and greater value are forcing healthcare providers and payers to deliver optimized outcomes. In addition, while the number of hospital admissions is rising globally, healthcare infrastructure is not growing at a similar pace, which has added to the burden on healthcare systems. In order to overcome these challenges and meet consumer expectations, healthcare providers are increasingly adopting telehealth market solutions that enable them to provide improved healthcare at reduced costs.
“The software segment will be fastest-growing component segment.”
Over the years, the healthcare industry has recognized that traditional approaches to patient care, quality assurance, and cost management are inefficient in the face of emerging challenges. Therefore, telehealth market solutions will be among the priorities on the investment list of healthcare organizations seeking to streamline the telehealth process and ensure effective cost management.
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Based on services, the remote monitoring segment is expected to be the largest. However, the real-time interaction segment will be fastest-growing component segment. Based on the mode of delivery, the web-based solutions segment is expected to dominate the telehealth market. However, cloud-based solutions will be the fastest-growing delivery mode.
Asia-Pacific is expected to grow at the highest CAGR during 2015 to 2020.
The high growth of the Asia-Pacific region can be attributed to the growing medical tourism industry, rapidly growing healthcare industry in India, increasing number of HCIT programs and rising prevalence of chronic diseases in Australia, and increasing funding for telehealth in Australia.
The major players in the global telehealth market includes:
- Cerner Corporation (U.S.)
- GE Healthcare (U.K.)
- Honeywell Life Care Solutions (U.S.)
- McKesson Corporation (U.S.)
- Medtronic, Inc. (U.S.)
- Medvivo Group (U.K.)
- Philips Healthcare (Netherlands)
- Robert Bosch Healthcare (U.S.)
- Siemens Healthcare (Germany)
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The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on product portfolios and services offered by the top 11 major players in the telehealth market. The report analyzes telehealth across regions.
• Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the telehealth market.
• Market Development: Comprehensive information about lucrative emerging markets.
• Market Diversification: Extensive information about new products and services, untapped geographies, recent developments, and investments in the telehealth market.
• Competitive Assessment: In-depth assessment of strategies, products, and services of leading players in the telehealth market.
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