Global “Telehealth Market” (2019-2024) research report analysed the current state in the definitions, classifications, applications and industry chain structure. The Telehealth Market report also focuses on the development trends as well as history, competitive landscape analysis, and key regions in the international Telehealth Industry.
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Telehealth Market Manufactures:
About Telehealth:
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. The web/cloud-based segment held a large share due to the wide preferability, whereas the on-premise segment is projected to be the fastest-growing due to the increasing awareness among hospital management. The radiology segment held a major share owing to the increased use of telehealth technology in the radiology field, whereas the cardiology segment predicted the fastest growing owing to the rise in cardiovascular diseases. Hospitals and clinics segment held a major share due to the increasing number of hospitals employing the use of telehealth software, whereas the diagnostic clinics segment is expected to be the fastest-growing segment due to the increasing propensity to telehealth services. The Global Telehealth Market is expected to register a CAGR of 22.74% to reach 16,173.8 Million by 2024. Telehealth is the use of digital information and communication technologies to access healthcare services at a distance for the management of health. Telehealth connects patients to fundamental healthcare services through remote monitoring, video conferencing, electronic consultations, and wireless communications. Factors such as the increasing incidence of chronic diseases, the rise in geriatric population, and the shortage of physicians are the major drivers driving the market growth. Nevertheless, privacy and security concerns and strict government rules for telehealth services could hinder market growth during the forecast period.
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Market segmentation
Global Telehealth Market has been segmented by Component, Mode of Delivery, by Application, by Region. By component the market has been segmented into Services (categorized into Remote Monitoring, Real-Time Interactions and Store-and-Forward Consultations, Hardware), Monitoring Devices (sub-categorized into Stationary and Wearable), Medical Peripherals ( subcategorized into Blood Pressure Monitors, ECG Monitors, Pulse Oximeters, Blood Glucose Meters, Peak Flow Meters, Otoscopes and Others) and Software ( that has been sub categorized into Integrated Software and Standalone Software). Based on Mode of Delivery the Global Telehealth Market has been segmented into Web/Cloud-Based and On-Premise. Based on Application the Global Telehealth Market has been categorized into Radiology, Cardiology, Primary Care, Neurophysiology and Others).
Regional analysis
Geographically, the global telehealth market has been divided into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is estimated to dominate the global telehealth market. This may be attributed to the increasing adoption of telehealth services in the US. For instance, in 2016, Kaiser Permanente, an integrated managed care conglomerate based in California, conducted more consultations almost than in person, i.e., nearly 52% of 110 million doctor visits were via online portals, virtual visits, or apps. The Europe market for telehealth is expected to become the second largest market. The paradigm shift toward a more orderly and ongoing healthcare monitoring is projected to be the main factor for the growth of the market extensively. Italy held a share of 12.4% in the Western Europe telehealth market in the year 2018. Asia-Pacific estimated to be the fastest-growing region in the global market due to the rise in the geriatric population, an increasing incidence of chronic diseases, and a shortage of technical personnel. The Middle East and Africa is forecast to witness a steady increase due to the limited access and healthcare affordability among the population.
No.of Pages: 206
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Some major points from Table of Content:
Market Dynamics
Market Inhibitors
Global Telehealth Market, By Technology
Global Telehealth Market, By Application
Global Telehealth Market, By Product
Regional Market Analysis
Company Profiles
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To view the original version on The Express Wire visit Telehealth Market 2019 by Size, Manufacturers, Regions, Type and Application, Forecast to 2024