Telehealth Market Research Report

 

Growth Opportunities in the global telehealth market look promising over the next six years. The growing prevalence of chronic diseases and conditions and the increasing need to expand healthcare access are the key factors driving the growth of the global telehealth market.

Introduction of the Telehealth Market:

Telehealth refers to facilitating and delivering health education, health care, and other health related services through remote technologies. It uses digital information and communication technologies such as smart devices and computers to access health care services and effectively controls your health. The benefit of using this service is that people can take guidelines and other relevant medical information while sitting at their homes only.

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Telehealth Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The global telehealth market is expected to witness strong demand during the forecast period. The growing prevalence of chronic diseases and conditions and the increasing need to expand healthcare access, followed by constant technological advancements in the telecommunication sector, are major factors surging the growth of the telehealth market size. Furthermore, the increasing government initiatives to encourage telehealth adoption, which will enhance the demand of the telehealth market share in terms of revenue during the forecast period. There has been an upsurge in demand for the telehealth market globally due to the increasing number of incidences of the lack of physicians. All these factors are creating various growth opportunities for the market.

The emergence of COVID-19 across the globe has positively influenced the demand for teleconsultations around various economies. With the growing focus on maintaining social distance and staying at home, the e-pharmacies, governments, hospitals, and companies are motivated to opt for telemedicine to reduce the spread of the virus. Due to increasing coronavirus awareness caused by the virus outbreak, several telemedicine organizations have witnessed an upsurge in demand for online doctor consultations. All these factors are fuelling the telehealth market growth.

Based on the region, the North American region is projected to dominate the market during the forecast period due to the increasing geriatric population, the growing prevalence of chronic conditions, and the rising need to decrease healthcare expenditure. In addition to this, there has been an increase in the demand of the US telehealth market due to the growing number of favorable government policies and regulations, along with the storage of trained and educated healthcare professionals.

Key Players of the Global Telehealth Market:

·        Medtronic PLC

·        Honeywell Life Care Solutions

·        AMD Global Telemedicine Inc.

·        Philips Healthcare

·        Tunstall Healthcare

·        Care Innovations

·        Globalmedia Group LLC

·        Cerner Corporation

·        Cisco Systems Inc.

·        Medvivo Group Ltd.

·        Aerotel Medical Systems Ltd.

Telehealth Market Segmentation:

Segmentation by Component:

·        Software & services

o    Remote patient monitoring software and devices

o    Real-time interaction software & services

o    Store-and-forward software & services

·        Hardware

o    Medical peripheral devices

§   Blood pressure monitors

§   Blood glucose meters

§   Weight scales

§   Pulse oximeters

§   Peak flow meters

§   ECG monitors

§   Other devices

o    Monitors

Segmentation by Mode of delivery:

·        Cloud-based

·        On-Premise

Segmentation by Application:

·        Teleradiology

·        Tele-consultation

·        Tele-ICU

·        Tele-stroke

·        Tele-psychiatry

·        Tele-dermatology

·        Others

Segmentation by End-User:

·        Providers

·        Payers

·        Patients

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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