Telehealth Market Outlook | Reflect Impressive Growth Rate 29.8% of CAGR with International Top Players – Philips, Medtronic, McKesson Co During 2018 - 2023

Telehealth or telemedicine is a mode of delivering health care services to patients by using communication technologies to facilitate the diagnosis, treatment, consultation, education care management, and others. Telehealth acts as a bridge to improve the relationship between patient and healthcare providers as well as for improving patient satisfaction & behavioural changes by providing healthcare guidance and treatment. It provides self-management and caregiver’s support to the patients. Telehealth is used to monitor the chronic diseases as well as to monitor disease from home.

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There are tremendous benefits offered by the telehealth solutions. Some of these include improved access to the patients; telehealth can allow us to provide healthcare services to the patients situated in distant locations. It also allows physicians & doctors to expand their reach and services beyond their clinics. Telehealth services have also proved to be cost effective with increased efficiency through better management of chronic diseases. And also it reduces the travel time for the patients which further reduced costs for the patients. All these advantages have attracted healthcare services providers to adopt telehealth technologies and the demand for the same has been on the rise ever since.

Telehealth Market - Key Players
Some of the major players in the global telehealth market are Koninklijke Philips N.V. (the Netherlands), Medtronic (Ireland), General Electric Company (UK), McKesson Corporation (US), Care Innovations, LLC. (US), Cerner Corporation (US), GlobalMedia Group, LLC (US), Siemens Healthcare Private Limited (US), AMD Global Telemedicine, Inc. (US), InTouch Technologies, Inc. (US).
Koninklijke Philips N.V., headquartered in the Netherlands, focused on electronics and healthcare. The company manufactures a number of telehealth devices used in hospital and at home. Some of the major telehealth softwares developed by the company: eICU Outreach Program, eCareManager, eCareCoordinator.
Medtronic, headquarters in Dublin, Ireland, is a medical device company. The company is one of the world's largest standalone medical technology developers. In 2017, Medtronic Care Management Services (MCMS) awarded a national contract from the U.S. Department of Veterans Affairs (VA) for Home Telehealth Technologies.

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Telehealth Market - Regional Analysis
America account for the largest market share in the global telehealth market on the account of increasing prevalence of chronic diseases and well-developed technology. Europe is the second leading market in the global the global telehealth market, which is followed by Asia Pacific. Asia Pacific is the fastest growing telehealth market. As per statistics, more than 55% of diabetic patients in the world live in Asia Pacific region. China and India is the growing market for telehealth. Rapidly increasing diabetic & obese population, development in healthcare sector, and increasing digitalization in healthcare industries have created a major market for the telehealth. The Middle East & Africa holds the least share in global telehealth market.

Telehealth Market - Segmentation
The global telehealth market is segmented on the basis of components, types, and end users.
On the basis of component, the market is segmented into hardware, software, and others. Hardware is further segmented into monitors, medical devices, and others. Monitors are further segmented into blood glucose monitors, blood pressure monitors, ECG monitors, and others.
On the basis of types, the market is segmented into web based, on-premises, and cloud based. On the basis of end users, the market is segmented into hospitals & clinics, pharmaceutical companies, and others.

Some of Major Table of Contents for Telehealth Market Research Report- Global Forecast till 2023
1 Report Prologue
2 Market Introduction
2.1 Introduction
2.2 Scope of Study
2.3 Research Objective
2.4 Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
4 Market Dynamics
Continued…

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