Global Telehealth Market is expected to reach USD XX Billion by 2026 from USD 3.70 Billion in 2019 at CAGR of XX % (Detailed analysis of the market CAGR is provided in the report).
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Telehealth Market
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Telehealth enhances patient care and satisfaction by improving the relationship between patients and the healthcare provider. Telehealth provides physicians the ability to treat their patients from medical facilities, hospitals, or from other places of work including their own homes or even during vacation as long as they are connected through the Internet. Telehealth is a tool to manage health education services, doctor-patient consultations, enabling medical practitioners to evaluate and diagnose patients, monitoring of vital signs in their medical facilities.
Global Telehealth Market is segmented by component, mode of delivery, end user, and geography. The component segment is classified as software, hardware, and services. Service segment is expected to register the highest growth in the forecast period. Increasing adoption of remote monitoring solutions by patients in remote rural areas, technological advancements in telecommunication is expected to drive service segment growth.
Mode of a Delivery segment is divided as web-based, cloud-based and on-premises. On-premises sub segment is estimated to hold the largest market share in the forecast period. Issues related to data security and customization feature of this delivery mode will result into the increasing share of on-premises segment market. The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East Africa, and Latin America.
Increase in prevalence of chronic diseases such as diabetes, cardiovascular diseases, and others, the surge in demand for self-care devices/solutions are trending the overall Telehealth market. Legality, privacy, and security concerns may hamper market growth. APAC is going to emerge as one of the higher growth regions in the forecast period followed by North America and Europe. Favorable initiatives for the adoption of telepathology in China, and low doctor-patient ratio and high internet penetration in India will fuel the Global Telehealth Market in the APAC region.
Global Telehealth Market Key Highlights:
• Assessment of market definition along with the identification of key players and an analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints, and challenges for this market during the forecast period
• Complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition companies involved value chain
• Global Telehealth Market analysis and comprehensive segmentation with respect to the component, mode of delivery, end user, and geography to assist in strategic business planning
• Global Telehealth Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East Africa, Latin America, and their key regions
Global Telehealth Market Research Methodology
Research methodology used in this report contains various secondary sources including directories such as Brazilian Council of Telemedicine Telehealth, The Home Healthcare Nurses Association, Association of Telehealth Service Providers (ATSP), Home Telehealth Remote Monitoring SIG, Center for Telehealth e-Health Law, and The University of Kansas Center for Telemedicine Telehealth (KUCTT). Hoovers, Bloomberg, and Factiva are some of the sites that are being referred to gain insights about Global Telehealth Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Global Telehealth Market globally.
Key Players in the Global Telehealth Market Are:
• Vidyo, Inc.
• Intouch Health
• American Well
• AMD Global Telemedicine, Inc.
• Aerotel Medical Systems Ltd.
• Globalmedia Group, LLC
• Medvivo Group Ltd.
• Cisco Systems, Inc.
• Cerner Corporation
• Care Innovations (A Subsidiary of Intel Corporation)
• Tunstall Healthcare
• Medtronic PLC
• Philips Healthcare
• Teladoc, Inc.
• BioTelemetry, Inc.
• InTouch Technologies, Inc.
• Koninklijke Philips N.V.
• Honeywell International, Inc.
• GE Healthcare
• Grandrounds Inc
Global Telehealth Market Key Target Audience:
• Venture Capitalists, Private Equity Firms, And Startup Companies
• Healthcare Institutions/Providers
• Healthcare IT Service Providers
• Market Research and Consulting Firms
• Healthcare Insurance Companies/Payers
• Accountable Care Organizations
• Community Centers
• Medical Device Manufacturers
• Telehealth Resource Centers
• Government Bodies And Healthcare Associations/Institutions
Scope of the Global Telehealth Market: Inquire before buying
Research report categorizes the Global Telehealth Market based on component, mode of delivery, end user, and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Global Telehealth Market with key developments in companies and market trends.
Global Telehealth Market, By Component:
Global Telehealth Market, By Mode of Delivery:
Global Telehealth Market, By Application:
• Urgent Care
• Remote ICU
Global Telehealth Market, By End User:
Global Telehealth Market, By Region:
• North America
• Asia Pacific
• Middle East Africa
• South America
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