Telehealth Market – Industry Analysis and Forecast (2017-2024) _ by Component (Software, Hardware and Services), by Mode of Delivery (Web-based, Cloud-Based and On-Premises), by End User and by Geography.
Telehealth enhances patient care and satisfaction by improving relationship between patients and healthcare provider. Telehealth provides physician’s 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.
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It is expected to grow from USD 3.0 Billion in 2016 to USD 16.23 Billion by 2024, at a CAGR of 23.5% between 2017 and 2024.
Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the component, mode of delivery, end user, and geography to assist in strategic business planning.
Increase in prevalence of chronic diseases such as diabetes, cardiovascular diseases, and others, surge in demand for self-care devices/solutions are trending. Legality, privacy, and security concerns may hamper the market growth.
On-premises Segment is anticipated to register highest growth rate in the Telehealth Market during the forecast period:
On-premises sub segment is estimated to hold the largest market share in forecast period. Issues related to data security and customization feature of these delivery mode will result into increasing share of on-premises segment market.
APAC is expected to register high growth rate in the Telehealth Market during the forecast period:
APAC is anticipated to hold substantial market share over forecast period. Favourable 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 APAC region.
Scope of the Report:
By Component: Software, Hardware and Services
By Mode of Delivery: Web-based, Cloud-Based and On-Premises
By End User: Providers, Payers, Patients and Other End User
By Geography: North America, Europe, Asia Pacific, Middle East, Africa and Latin America
Some of the key players operating in the Telehealth Market include
• 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
• Honeywell Life Care Solutions (A Honeywell International, Inc. Company)
• Medtronic PLC
• Philips Healthcare.