WiseGuyReports.Com Publish a New Market Research Report On –“ Telehealth 2020 Global Market Net Worth US$ 16,173.8 Million Forecast By 2024”.
Telehealth could be used efficiently for the diagnosis, treatment, and supportive treatment of chronic diseases such as diabetes and cancer. Chronic diseases decrease a person’s quality of life, particularly if left undiagnosed or untreated. According to the data by the Government of Canada, in 2017, about 2.3 million people aged 12 and older have been diagnosed with diabetes. Additionally, according to the press release by Chiron Health published in June 2016, chronic diseases such as heart disease, stroke, cancer, depression, type 2 diabetes, obesity, and arthritis affected an estimated 117 million people in the Americas. Telehealth can be used to address increasing demand for healthcare services for cancer, diabetes, and other diseases in the developing regions. Thus, high incidence of such diseases are estimated to be driving market growth during the forecast period.
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Major Key Players Included are:-
The projected onlookers are Pharmaceutical companies, Research & development organizations and Academic institutes. Philips Healthcare (Netherlands), Cerner Corporation (US), Dialogue (Canada), Maple (Canada), Cisco Systems Inc. (US), and Livecare Health (Canada), Honeywell International Inc. (US), AMD Global Telemedicine Inc. (US), Siemens (Germany), Allscripts Healthcare Solutions (US), Boston Scientific Corporation (US), American Well (US), GlobalMed (US), Care Innovations LLC (US), InTouch Technologies Inc. (US), Medtronic PLC (Ireland), Right Health (Canada) are some of the major players in the global telehealth market.
The Telehealth market has always been identified as the most popular sector worldwide due to its usage. It has been in demand ever since its inception and has continued to be in demand. Several things have changed since the different products of the Telehealth market was introduced to the global market. These changes have only positively influenced its growth. The Telehealth market might be the first of its kind to have a positive growth ever since the beginning.
The growing popularity of Telehealth market gave rise to concerns about its future growth rate and a study was conducted recently to understand what fueled the growth of the Telehealth market. Factors such as rising demand for the products, technological advancement, investment into research and development and such are the drivers that are fueling the growth of the Telehealth market. The common annual growth rate of Telehealth market has been increasing steadily over the years and is expected to continue having a steady growth in the years to come.
Market segmentation is a part of any given research study. Segmenting a market into different groups helps understand the market better. It is also easier to study a smaller sample size rather than the market as a whole. For the purpose of the study, the Telehealth market was segmented into product type, end user, product usage, major players, manufacturing, and region. By region, the Telehealth market was segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Regional segmentation allowed to uncover various market influencers and how these influencers can be adopted into the marketing strategy. By segmenting the market based on the product type, it was easier to determine which products were more in demand and which ones needed attention. The manufacturing segment shed more light on the cost of manufacturing compared to the price of the product. By studying the manufacturing segment thoroughly, the necessary changes in the pricing strategies were made.
For the purpose of the study, the regions were further segmented into Germany, UK, France, Italy, Russia and Turkey and others in Europe; China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam in Asia Pacific; United States, Canada and Mexico in North America; Brazil and others in South America; Egypt and GCC countries in Middle East and Africa. It was found that Germany in Europe has always been the market leader, closely followed by Japan and China in Asia-Pacific. Most of the manufacturing took place in these regions with other regions such as India, United States, Canada and Middle Eastern countries following the lead. As per the study, Asia-Pacific will overtake Europe during the forecast period due to availability of resources.
The study was based on SWOT analysis which judges a market based on its strengths, weaknesses, opportunities, and threats. We used the SWOT analysis to study different products, companies that held a major share in the market, manufacturing cost versus pricing strategy, among other aspects. The study helped to understand the forces that influenced the Telehealth market and the strategies that needed to be adopted to ensure that the Telehealth market continues to experience growth in the years to come.
Table of Contents – Major Key Points
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Telehealth Market, by Component
7 Global Telehealth Market, by Mode of Delivery
8 Global Telehealth Market, by Application
9 Global Telehealth Market, by End User
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