Telehealth Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025-Growing demand for advanced healthcare facilities coupled with increase in chronic disorders is likely to grow the automated test equipment market.
Telehealth Market is valued at USD 7.6 Billion in 2018 and expected to reach USD 17.8 Billion By 2025 with the CAGR of 12.9% over the forecast period.
Telehealth is a mode of providing healthcare services to the patient by using communication technology which further promote the diagnosis, consultation and providing better healthcare facilities to the patient. Telehealth also bridges the gap between patient and healthcare professional and improve satisfaction of patient. Telehealth offer various benefits over the conventional method such as it provide improved access of the distant patient condition, cost effective and better management of chronic disorder such as cancer, cardiovascular disorders and others.
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Telehealth Market report is segmented on components, services, application, and end use and by regional & country level. Based upon components, Telehealth market is segmented into hardware and software. On the basis of services, Telehealth market is segmented into Real-time, Forward and Store, Remote Monitoring. Based upon application, Telehealth market is classified into Radiology, Psychiatry, Urgent Care, Cardiology, Remote ICU, and Dermatology. On the basis of End Use, the Telehealth market is classified into Providers, Payers, and Patients
The regions covered in this Telehealth market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Telehealth market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Telehealth Market Reports–
Some major key players for Telehealth market are AMD Global Telemedicine, Biotelemetry, Honeywell Life Care Solutions, Teladoc Health, American Well, Philips Healthcare, Global Media Group, InTouch Technologies, and Medtronic among others.
On 20th June 2017, Life Care Solutions announced the launch of LifeStream 5.2, the latest version of its industry-leading, FDA-cleared telehealth software. Building upon a 15-year track record of innovation in delivering digital health technologies for healthcare systems, payers, employers, home health agencies, and patients, the newest version of LifeStream from Life Care Solutions enables clinicians to remotely monitor chronically ill patients, improving their quality of care and clinical outcomes, while reducing healthcare costs.
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Increase in the research and development activities coupled with increase in chronic disorders are expected to fuel the telehealth market.
There are various factors contribute the growth of telehealth market over the period of time. One of the major factors is increase in chronic disorder which involves the constant monitoring of the patient which has given rise to the increased use of wearable devices. Furthermore, Increase in research and development activities are also expected to support the growth of telehealth market. Due to increased demand of advanced healthcare infrastructure and growing investment in research and development activities are expected to fuel the growth of telehealth market. Moreover, increase in geriatric population is also expected to drive the growth of telehealth market due to the constant monitoring of the elderly health and chronic disorders. Increase in technological advancement is expected to create numerous opportunities however, lack of data privacy and safety coupled with legal barriers are expected to hamper the growth of telehealth market.
North America is expected to dominate the Telehealth Market.
North America accounts for the major market share over the forecast period which was mainly contribute by the developed countries such as U.S., Canada and others. Due to the increased adoption of advanced healthcare facilities and trained staff. Europe is expected to be the second largest telehealth market followed by North America. Due to increase in research and development activities coupled with increased investment by major players. Asia Pacific is expected to be the fastest growing region over the forecast period due to the presence of developing economies such as India, China and others. Increased adoption of advanced technology coupled with increased geriatric population and increase in healthcare expenditure is expected to support the growth of Telehealth market. Latin America, Africa and Middle East regions are expected to develop moderately over the forecast period.
Key Telehealth Market Reports –
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
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Telehealth Market Segmentation –
- Store and Forward
- Remote Monitoring
- Urgent Care
- Remote ICU
By End Use
By Regional & Country Analysis:
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
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