Telehealth Services Market - Industry Forecast and Analysis 2023
Albany, NY -- (SBWIRE) -- 11/11/2016 -- Modern world is shifting from the age old concept of conventional medical treatment to technologically well-equipped treatment services. Thus the concept of telehealth services is gaining attention. In telehealth service there is an exchange of remote data between the patient at home and their doctor(s) to assist in diagnosis and monitoring patients with long term ailments. Among other techniques it includes fixed or mobile home units to measure, analyze and monitor body temperatures, blood pressure, sugar level and various other vital parameters for clinical evaluation at a remote location by using phones or wireless medium. Telehealth services have increase awareness among the individuals about their own health assisting both the patients and the doctors. Telehealth is advantageous in a way that it reduces the number of patient visits, thus saving time and also is a very cost effective service and thus can be availed by a large number of population.
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Doctors and clinicians, by this service can constantly monitor and guide the patient about their long term ailment, ultimately reducing the mortality rate. Moreover, it has also lead to drastic decrease in incidences of emergency admission. This has changed the perception of conventional medical practice, which forms the major driver for the market. Telehealth is not only restricted to long term ailments, but also has a wide range of applications like dentistry, counselling, physical and occupational therapy, disaster management and consumer and professional education.
The global telehealth services market is growing owing to the rising adoption of these services by a large number of people suffering from long term ailments. Patients are opting for telehealth services as they reduce the number of doctor visits, thus saving both time and money. Telehealth services have helped reduce the mortality rate and the incidences of emergency admission to some extent. Today, telehealth is being used for disaster management, dentistry, consumer and professional education, counselling, and physical and occupational therapy, thus boosting the telehealth services market. However, the high installation cost of telehealth systems may hamper the growth of the global telehealth services market.
The global telehealth services market is segmented on the basis of end user, type, application, and geography. Clinical and non-clinical are sub-segments of the type segment. Clinical uses comprise diagnosis of disease, disease management, advice on prevention from diseases, promoting good health, and using telephonic medium to deal with emergency situations. Non-clinical uses of telehealth services include distance education, movement of patient and remote admission, research programs on telehealth services, health data management, and providing online information.
On the basis of application, the market is segmented into dermatology, cardiology, gynecology, neurology, and orthopedics. The global telehealth services market is segmented on the basis of end user into telehome, telehospital, assisted living, worried well living, and facility. On the basis of geography, the telehealth services market is segmented into Latin America, North America, Asia Pacific, Europe, and Rest of the World.
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Key players operating in the global telehealth services market, which have been included in the report for the purpose of study are: LifeWatch AG, Allscripts Healthcare Solutions, Inc., McKesson Corporation, CARDIOCOM, LLC, Polycom, Inc., F. Hoffmann-La Roche Ltd., AMD Global Telemedicine, Inc., Cisco Systems, InTouch Technologies, Inc., Philips Healthcare and Honeywell HomMed LLC.