Albany, NY -- (SBWire) -- 04/25/2019 --Global Telehealth Market: Overview

This report studies the current as well as future prospects of the global telehealth market. Stakeholders of this report include companies and intermediaries engaged in the manufacture and commercialization of various telehealth products, software, and services as well as new players planning to enter this market. This report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments and sub-segments considered within the scope of the study. This section also provides the overall information and data analysis of the global telehealth market with respect to the leading market segments based on major components, significant applications, key end-users, and regions.

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The telehealth market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on component, application, end-user, and region. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. Additionally, the section comprises competitive matrix and company profiles with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by region and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global telehealth market.

Services Dominates the Global Telehealth Market

The report offers detailed segmentation of the global telehealth market based on component, application, and end-user. In terms of component, the services segment is poised to account for leading share of the global telehealth market during the forecast period from 2017 to 2025. Increase in adoption of remote monitoring solutions by patients in remote rural areas are the factors likely to drive the services segment during the forecast period. The software segment is anticipated to expand at a comparatively higher growth rate than the hardware segment in terms of revenue during the forecast period owing to continuous innovations in software by major players.

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Radiology to be Major Application of Telehealth

The radiology segment is projected to account for high share of the global telehealth market during the forecast period. The segment is likely to expand at a CAGR of 13.0% from 2017 to 2025. Telehealth technology and services enable knowledge and resource sharing between rural and urban areas in minimum time duration. Moreover, consistent evolution in information and communication technologies, effective image transfer, consultation and reporting, and scarcity of radiologists across the globe are the factors expected to drive the segment from 2017 to 2025. Cardiology is another key application of telehealth and is anticipated to account for 19.0% market share by 2025. Increase in prevalence of cardiovascular diseases such as heart diseases and stroke are the factors likely to drive the segment during the forecast period. According to the World Health Organization, cardiovascular diseases accounted for an estimated 17.7 million deaths in 2015, representing 31% of all global deaths. Of these, an estimated 7.4 million were due to coronary heart disease and 6.7 million were due to stroke.

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