Telehealth Market, by Component (Software & Services, RPM, Real-Time), Application (Teleradiology, Telestroke, TeleICU), Hardware (Glucose Meters), End-User (Provider, Payer, patient), Delivery (On-Premise, Cloud) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Telehealth Market Overview
The global telehealth market size is projected to reach USD 192 billion by 2026 at a CAGR of 38% from USD 39 billion in 2021 during the forecast period 2021-2028.
Telehealth delas with the usage of digital and communication technology in the healthcare. This tends to allow the user to access the facility of healthcare sitting at home. Some common uses of telehealth are remote doctor patient consultation better known as telemedicine, ECG, monitoring of vital signs and symptoms.
Shortage of physicians along with the supporting governmental policies and the technological advancements are some of the factors that have supported long-term expansion for Telehealth Market.
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The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Greater opportunity has been offered to the sector owing to the pandemic conditions.
Telehealth Market Regional Analysis
North America is expected to be the largest market during the forecast period. With the greater prevalence of chronic conditions and the need to reduce the expenditure on healthcare led to the expansion of market in the region.
Telehealth Market Competitive Landscape
Key Players
- Koninklijke Philips N.V.
- Medtronic
- GE Healthcare
- Cerner Corporation
- Siemens Healthineers
- Cisco Systems, Inc.
- Teladoc Health Inc.
- American Well
- AMC Health
- MDLive
- Doctor on Demand
- Medvivo Group Ltd
- Asahi Kasie Corporation
- Iron Bow Technologies
- Telespecialists Llc
- GlobalMed
- MedWeb
- IMediplus Inc.
- Vsee
- Chiron Health
- Zipnosis
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Telehealth Market Recent Developments
- In 2020, Philips came up with a new product, the Avalon CL Fetal and Maternal Pod and Patch for remote monitoring.
- In 2020, Koninklijke Philips join hand with American Telemedicine Association (ATA) so as to increase the adoption of telehealth across acute, post-acute, and home care settings.
Reasons to Acquire in the Telehealth Market
- Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
- Gain authentic and granular data access for Telehealth market so as to understand the trends and the factors involved behind changing market situations
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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Frequently Asked Questions
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