The Global Telehealth Market is anticipated to develop at a wholesome CAGR of 29.8% during the forecasted period 2018-2023.
Key Players of Global Telehealth Market:
Some of the major players in the global telehealth market are Koninklijke Philips N.V. (the Netherlands), Medtronic (Ireland), General Electric Company (UK), McKesson Corporation (US), Care Innovations, LLC. (US), Cerner Corporation (US), GlobalMedia Group, LLC (US), Siemens Healthcare Private Limited (US), AMD Global Telemedicine, Inc. (US), InTouch Technologies, Inc. (US).
Market Overview:
Telehealth or telemedicine is a mode of delivering health care services to patients by using communication technologies to facilitate the diagnosis, treatment, consultation, education care management, and others. Telehealth acts as a bridge to improve the relationship between patient and healthcare providers as well as for improving patient satisfaction & behavioral changes by providing healthcare guidance and treatment. It provides self-management and caregiver’s support to the patients. Telehealth is used to monitor the chronic diseases as well as to monitor disease from home.
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There are tremendous benefits offered by the telehealth solutions. Some of these include improved access to the patients; telehealth can allow us to provide healthcare services to the patients situated in distant locations. It also allows physicians & doctors to expand their reach and services beyond their clinics. Telehealth services have also proved to be cost effective with increased efficiency through better management of chronic diseases. And also it reduces the travel time for the patients which further reduced costs for the patients. All these advantages have attracted healthcare services providers to adopt telehealth technologies and the demand for the same has been on the rise ever since.
The Global Telehealth Market is driven by increasing prevalence of chronic diseases, rising geriatric population, and continuous development in the healthcare technology; as per statistics, more than 50% of the total globe population have some or other chronic disease. Moreover, rapid development in the technology, increasing healthcare expenditure, and increasing need for the home based devices have fuelled the market growth. However, lack of awareness and unavailability or less availability of the required infrastructure in many parts of the world including the underdeveloped Asian and African regions may slow the growth of the market.
Regional Analysis:
America account for the largest market share in the global telehealth market on the account of increasing prevalence of chronic diseases and well-developed technology. Europe is the second leading market in the global the global telehealth market, which is followed by Asia Pacific. Asia Pacific is the fastest growing telehealth market. As per statistics, more than 55% of diabetic patients in the world live in Asia Pacific region.
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China and India is the growing market for telehealth. Rapidly increasing diabetic & obese population, development in healthcare sector, and increasing digitalization in healthcare industries have created a major market for the telehealth. The Middle East & Africa holds the least share in Global Telehealth Market.
Brief TOC
1 Report Prologue
2 Market Introduction
2.1 Introduction
2.2 Scope of Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
4.1 Drivers
4.2 Restraints
5 Market Factor Analysis
LIST OF TABLES
Table 1 Telehealth Industry Synopsis, 2017 – 2023
Table 2 Global Telehealth Market Estimates and Forecast, 2017 – 2023, (USD Million)
Table 3 Global Telehealth Market by Region, 2017 – 2023, (USD Million)
Table 4 Global Telehealth Market by Component, 2017 – 2023, (USD Million)
Table 5 Global Telehealth Market by Type, 2017 – 2023, (USD Million)
Table 6 Global Telehealth Market by End Users, 2017 – 2023, (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation for Global Telehealth Market
Figure 3 Segmentation Market Dynamics for Global Telehealth Market
Figure 4 Global Telehealth market Share, by Component 2016
Figure 5 Global Telehealth market Share, by Type 2016
Figure 6 Global Telehealth Market Share, by End Users, 2016
Figure 7 Global Telehealth Market Share, by Region, 2016
…TOC Continued
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