The global telehealth market is expected to grow at substantial rate in the near future. The rise in the geriatric population, increased demand for affordable treatment and growing prevalence of chronic diseases are the key factors which are propelling the growth of the telehealth market. In addition, the technological advancements such as in telecommunication infrastructure will further help the market to grow at a substantial rate during the forecast period.
On the basis of component, services segment held the largest share in 2016 in telehealth market owing to the rise in the adoption rate of remote monitoring solution by patients majorly from rural areas. On the other hand, software segment is expected to grow at the highest rate during the forecast period as software solutions help the doctors connect to their patients through video, audio or chat. In addition, these software solutions can transmit digital images like in radiology or dermatology for diagnosis.
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North America holds the largest market share in the global telehealth market. United States is the key country in the region which accounts for the maximum amount of market share in the North America telehealth market owing to a number of factors such as favourable government policies and regulations, shortage of trained and educated healthcare professionals, increasing prevalence of chronic diseases and rise in the aging population. On the other hand, Asia-Pacific is expected to grow at the highest rate during the forecast period.
This research report on telehealth market provides in-depth analysis of the global telehealth market based on component, mode of delivery and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for telehealth market. The report also analyses the competitive landscape and the major player and their market share in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.
The report also profiles the major companies active in this field, including AMD Global Telemedicine Inc., Philips Healthcare, Medtronic PLC, Honeywell Life Care Solutions, Tunstall Healthcare, Care Innovations, Cerner Corporation, Cisco Systems Inc., Medvivo Group Ltd., Globalmedia Group LLC, Aerotel Medical Systems Ltd.
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Key questions this research would answer: • Is the telehealth market growing? How long will it continue to grow and at what rate? • What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future? • What are the regional revenue and forecast breakdowns? What are the regional hotspots for growth in the telehealth market? • What are the various components and how they are poised to grow?
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