Telehealth is defined as the use of telecommunications and information technologies to share information and provide clinical care, education, and public health and administrative services at a distance.
Albany, NY -- (SBWIRE) -- 04/19/2018 -- Increase in geriatric population, rise in prevalence of chronic diseases such as diabetes, cardiovascular diseases, and others, surge in demand for self-care devices/solutions, and technological advancement in medical imaging and mobile solution for health care are likely to drive the market during the forecast period. Increase in incidence of chronic conditions and adoption of mHealth solutions propel the telehealth market. Surge in demand for self-care devices/solutions such as mHealth and remote monitoring are expected to fuel the growth of the market during the forecast period.
The global telehealth market was valued at US$ 6.0 Bn in 2016 and is projected to expand at a CAGR of 13.0% from 2017 to 2025 to reach US$ 19.5 Bn by 2025.
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.
Global Telehealth Market: Key Segments
Based on component, the global telehealth market has been segmented into hardware, software and services. The software segment has been bifurcated into integrated and standalone. The services segment has been divided into real-time, store & forward, remote monitoring, and others. The market size and forecast for each of these sub-segment have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.
In terms of application, the global telehealth market has been segmented into radiology, cardiology, urgent care, remote ICU, psychiatry, dermatology, and others. Increasing research and development in mobile medical imaging systems and it's allow patients to take diagnostic images from smartphone and share it with the physician. This factor is responsible for the continuing dominance of the sub-segment.The market size and forecast for each of these sub-segment have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.
Based on end-user, the global telehealth market has been classified into payers, providers, patients, and others. Increase in adoption of technologically advanced products and advantages of heart rate monitors such as provision of real-time health data, thereby allowing patients to track heart rate from anywhere anytime and consult with doctors/physicians in case of emergency through there smartphones are projected to boost the growth of the telehealth market during the forecast period. The market size and forecast for each of these sub-segment have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year.
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Global Telehealth Market: Regional Outlook
Geographically, the global telehealth market has been segmented into five major regions and key countries in respective region: North America (U.S., Canada), Europe (U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (South Africa, GCC Countries, Israel, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries have been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. The research study also covers the competitive scenario in these regions.
Companies Mentioned in Report
The report also profiles major players in the global telehealth market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. The major players in this market are Teladoc, Inc., American Well, BioTelemetry, Inc., Medtronic, Aerotel Medical Systems Ltd., InTouch Technologies, Inc., Koninklijke Philips N.V., Honeywell International, Inc., GE Healthcare, and AMD Global Telemedicine, Inc.
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The global telehealth market has been segmented as below:
Global Telehealth Market Revenue, by Component
Store & Forward
Global Telehealth Market Revenue, by Application
Global Telehealth Market, by End-user
Global Telehealth Market Revenue, by Region
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa