Telehealth Market | 2021 Size, Growth, Share, Cap, Regional Analysis With Global Industry Forecast To 2027, is latest report on Global Telehealth Industry, published by “Fortune Business Insights”. According to this report Global Telehealth Market to rise at healthy Compound Annual Growth Rate and will reach USD 559.52 billion by 2027. Telehealth Market for Telehealth is segmented By Type (Products and Services), By Application (Telemedicine, Patient Monitoring, Continuous Medical Education, and Others), By Modality (Real-time (Synchronous), Store-and-forward (Asynchronous), and Remote Patient Monitoring), By End User (Hospital Facilities, Homecare, and Others), and Regional Forecast, 2020-2027
Key Companies and Manufacturers Covered:
The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight.
- American Well
- Teladoc Health
- Doctor On Demand
- Dictum Health, Inc
- InTouch Technologies, Inc.
- MDLIVE Inc.
- Encounter Telehealth
- SnapMD, Inc.
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Global Telehealth Market Highlights:
The Telehealth Market report offers an in-depth analysis of the Telehealth industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Telehealth market concentration, and maturity analysis is elaborated in this report.
The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Telehealth Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.
The technological advancements in telehealth products and services have fuelled the demand for telehealth services across the world. The advent of user-friendly systems has contributed to a high demand, which in turn has led to an increase in the global telehealth market value in recent years. In 2019, InTouch announced the launch of a fully integrated end-to-end virtual platform aimed at providing enhanced patient care solutions. ‘Solo’ was a flexible platform integrated with services such as enhanced emergency care solutions, direct-to-patient, and direct-to-customer, which in turn will contribute to the growth of the global telehealth market in the coming years.
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- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Company Collaborations Are Proving Chief Growth Drivers
Due to the increasing demand, telehealth market companies are adopting collaborative strategies with the aim of expanding business on a global scale. Furthermore, leading companies in the telehealth industry are focusing on mergers and acquisitions to gain competitive strength. Companies are trying to incorporate modern industrial concepts with a view to gain more end users. Fortune Business Insights expects market collaborations will help companies generate substantial telehealth market revenue.
In April 2018, American Well acquired Avizia Limited with the aim of strengthening its position among the companies in the telehealth industry. American Well’s acquisition of Avizia will help the company take a big leap in the telehealth market, owing to the exceptional portfolio of telehealth services bolstered by Avizia. The report includes company mergers, similar to American Well’s latest acquisition and signifies the impact of such M&As on the global telehealth market.
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Tangible Benefits of Telemedicine to Boost the Market
Telehealth refers to a healthcare delivery system that is not limited by distance between the doctor and patient. The expansion of the telehealth market size is premised on the host of advantages that telehealth market services offer and growing awareness of these benefits. They are very visible benefits and has already led to positive outcomes. For example, according to a study published in Medicine Journal of Australia, effective telemedicine provision has reduced hospital readmission by 24% and has brought down mortality by 20%. Moreover, telemedicine care helped patients save close to 19% of what they would have spent on inpatient care. The National Institutes of Health (NIH) in the US states that telehealth has noticeably positive impact on the mental and physical health of patients. For example, the NIH estimates that emergence of telehealth services has led to around 38% reduction in hospital admissions. Lastly, telehealth can help governments in underdeveloped countries to provide quality healthcare to the rural population in these regions.
Detailed Table of Content:
1 Market Overview
1.1 Telehealth Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
188.8.131.52 United States Market States and Outlook (2020-2026)
184.108.40.206 Canada Market States and Outlook (2020-2026)
220.127.116.11 Mexico Market States and Outlook (2020-2026)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
18.104.22.168 Germany Market States and Outlook (2020-2026)
22.214.171.124 France Market States and Outlook (2020-2026)
126.96.36.199 UK Market States and Outlook (2020-2026)
188.8.131.52 Russia Market States and Outlook (2020-2026)
184.108.40.206 Italy Market States and Outlook (2020-2026)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
220.127.116.11 China Market States and Outlook (2020-2026)
18.104.22.168 Japan Market States and Outlook (2020-2026)
22.214.171.124 Korea Market States and Outlook (2020-2026)
126.96.36.199 India Market States and Outlook (2020-2026)
188.8.131.52 Southeast Asia Market States and Outlook (2020-2026)
1.4.4 South America, Middle East and Africa
184.108.40.206 Brazil Market States and Outlook (2020-2026)
220.127.116.11 Egypt Market States and Outlook (2020-2026)
18.104.22.168 Saudi Arabia Market States and Outlook (2020-2026)
22.214.171.124 South Africa Market States and Outlook (2020-2026)
126.96.36.199 Turkey Market States and Outlook (2020-2026)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
3 Global Telehealth Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
3.1 Global Telehealth Sales and Market Share by Manufacturer (2017-2018)
3.2 Global Telehealth Revenue and Market Share by Manufacturer (2017-2018)
3.3 Market Concentration Rate
3.3.1 Top 3 Telehealth Manufacturer Market Share in 2018
3.3.2 Top 6 Telehealth Manufacturer Market Share in 2018
3.4 Market Competition Trend
4 Global Telehealth Market Analysis by Regions
4.1 Global Telehealth Sales, Revenue and Market Share by Regions
4.1.1 Global Telehealth Sales and Market Share by Regions (2020-2028)
4.1.2 Global Telehealth Revenue and Market Share by Regions (2020-2028)
4.2 North America Telehealth Sales and Growth Rate (2020-2028)
4.3 Europe Telehealth Sales and Growth Rate (2020-2028)
4.4 Asia-Pacific Telehealth Sales and Growth Rate (2020-2028)
4.5 South America Telehealth Sales and Growth Rate (2020-2028)
4.6 Middle East and Africa Telehealth Sales and Growth Rate (2020-2028)
5 North America Telehealth by Country
5.1 North America Telehealth Sales, Revenue and Market Share by Country
5.1.1 North America Telehealth Sales and Market Share by Country (2020-2028)
5.1.2 North America Telehealth Revenue and Market Share by Country (2020-2028)
5.2 United States Telehealth Sales and Growth Rate (2020-2028)
5.3 Canada Telehealth Sales and Growth Rate (2020-2028)
5.4 Mexico Telehealth Sales and Growth Rate (2020-2028)
8 South America Telehealth by Country
8.1 South America Telehealth Sales, Revenue and Market Share by Country
8.1.1 South America Telehealth Sales and Market Share by Country (2020-2028)
8.1.2 South America Telehealth Revenue and Market Share by Country (2020-2028)
8.2 Brazil Telehealth Sales and Growth Rate (2020-2028)
8.3 Argentina Telehealth Sales and Growth Rate (2020-2028)
8.4 Colombia Telehealth Sales and Growth Rate (2020-2028)
9 Middle East and Africa Telehealth by Countries
9.1 Middle East and Africa Telehealth Sales, Revenue and Market Share by Country
9.1.1 Middle East and Africa Telehealth Sales and Market Share by Country (2020-2028)
9.1.2 Middle East and Africa Telehealth Revenue and Market Share by Country (2020-2028)
9.2 Saudi Arabia Telehealth Sales and Growth Rate (2020-2028)
9.3 Turkey Telehealth Sales and Growth Rate (2020-2028)
9.4 Egypt Telehealth Sales and Growth Rate (2020-2028)
9.5 Nigeria Telehealth Sales and Growth Rate (2020-2028)
10 Telehealth Market In Developing Countries
11 South America Telehealth Market Analysis by Countries
12 Competitive Landscape
13 Industry Outlook
13.1 Market Driver Analysis
13.1.2 Market Restraints Analysis
13.1.3 Market Trends Analysis
13.2 Merger, Acquisition and New Investment
13.3 News of Product Release
14 Global Telehealth Market Forecast
15 New Project Feasibility Analysis
15.1 Industry Barriers and New Entrants SWOT Analysis
15.1.1 Porter’s Five Forces Analysis
15.1.2 New Entrants SWOT Analysis
15.2 Analysis and Suggestions on New Project Investment
Fortune Business Insights follows a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country level is derived from the most credible published sources and through interviews with the right stakeholders.
Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.
Reasons to Purchase this Report:
- Estimates Telehealth Market trends with SWOT analysis.
- Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players.
- Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion.
- Market dynamics and opportunities for growth for players in the near future.
- Competitive landscape describing the market revenue shares of key players.
- Market segmentation analysis that deals with quantitative and qualitative research, discussing the influence of policy-based and economical aspects.
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