Pune, India -- (SBWire) -- 08/20/2018 --Global Telehealth Market report provides an in-depth insight into the Telehealth market covering a broad segmentation with types and its subtypes. The report comprises from macro overview of the market to micro details of the industry regarding the performance of prominent drivers and challenges, latest trends, industry forecast, SWOT analysis, Porter's five forces analysis, value chain analysis, revenue analysis and many another study. Telehealth Market provides extensive research about the market for entrepreneurs, directors, researchers, consultants, investors, business strategists, CEO's and all those who have any stake or are planning to foray into Telehealth market. Telehealth Market gives the comparative result between different competitors spread worldwide
The Global Telehealth Market has accounted for USD 3.1 billion in 2016 and is expected to reach USD 18.3 billion by 2024, growing at a CAGR of 24.6% in the forecast period 2017 to 2024.
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Some of the major players in this market are Cerner Corporation, GE Healthcare, Honeywell Life Care Solutions, McKesson Corporation, Ergotron, Inc., Medtronic, Inc., InstaMD, The Medvivo Group, Philips Healthcare, USARAD Holdings, Inc., Robert Bosch Healthcare, Vitaphone GmbH, Siemens Healthcare, Cisco Systems, Inc., SnapMD, Inc. and, Tunstall Healthcare among others.
Market Segments
The telehealth market is categorized on the basis of hardware, software, services, deployment, end user, and geography.
The market, by hardware, is categorized into
- Telehealth monitors and
- monitoring devices
The monitoring devices sub segment is further classified by device type into blood pressure meters, blood glucose meters, weight scale, pulse oximeters, peak flow meters, ECG monitors and other devices.
The software market is further segmented into integrated and standalone software.
The services market is further segmented into remote monitoring, real-time, and store and send.
Based on deployment, the market is categorized into
- web-based,
- on premise, and
- cloud-based
The market by end user is segmented into providers, payers, and patients.
Based on region, the market is divided into
- North America,
- Europe,
- Asia-Pacific, and
- Middle East & Africa, and
- South America
Based on geography the Telehealth market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. U.S. is expected to dominate the market due to the rising pool of elderly population and chronic disease patient pool. Telehealth will help to U.S. healthcare model to shift from episodic model to dynamic continuous monitoring, leading to betterment of healthcare.
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Global healthcare is under continuous threat of rising chronic conditions and shortage of healthcare professionals in all developed countries. Telehealth is expected to offer the solution to this threat, owing to advancements in mobile technology telehealth now can be applied in multiple provider type with maximum integration. As key components of telehealth clinical monitors, peripheral devices are expected to form the key ingredients in telehealth market. As per a recent survey in U.S., published in American Journal of Critical Care healthcare professional believe that telehealth-ICU's are improving the productivity of healthcare facilities. About 79% of the 1200 respondents agreed that telehealth improves patient care. In 2015, there were about 45 tele-ICU's that connect more 200 hospitals and 6,000 beds in the U.S.
Scope of Report:
- CAGR of the market during the forecast period 2018-2024
- Detailed information on factors that will accelerate the growth of the Telehealth in upcoming years
- Precise estimation of the global Telehealth size, share and its contribution to the Global Telehealth
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the Telehealth industry across various geographies such as the North America Europe, Asia-Pacific, South America and Middle East & Africa.
- A thorough analysis of the market's competitive landscape and detailed information on several vendors
- Comprehensive information about factors that will challenge the growth of Telehealth players.
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Global Telehealth Market in Depth Study of Using SWOT Analysis, Technology Developments, Key Statistics with Growing at a CAGR of 24.6% and Forecast by 2024
The report begins with a broad introduction of the Telehealth market and then drills deeper into specific segments such as application, regional markets, end-users, policy analysis, value chain structure, and emerging trends.