Telehealth Market 2018 Outline | Growing at CAGR of 29.8% Till 2023 | Koninklijke Philips N.V., Medtronic, General Electric Company, Etc

Market Research Future published a research report on Global Telehealth Market and predicts that Global Telehealth Market is expected to grow at a healthy CAGR of 29.8% during the forecasted period. The Telehealth Market report is an expert analysis report explores the industry growth and report include market Analysis, Scope, Stake, Progress, Trends and forecast till 2023.

Telehealth or Telemedicine is the remote diagnosis and treatment of patient that is used to deliver the virtual medical and health support, and education services. It is used in various specialty such as dentistry, counselling, home health, chronic disease monitoring & management, disaster management, and professional education. Increasing aging population, growing possibility of the non-communicable diseases, especially, chronic diseases, for instance, cardiovascular & metabolic disorders, cancer, diabetes, Alzheimer disease, and other mental health problems drive the growth of the market. High healthcare expenditure and need for the technology improvement provide a push to the growth of the market.

The Global Telehealth Market is driven by increasing prevalence of chronic diseases, rising geriatric population, and continuous development in the healthcare technology; as per statistics, more than 50% of the total globe population have some or other chronic disease. Moreover, rapid development in the technology, increasing healthcare expenditure, and increasing need for the home based devices have fuelled the market growth.

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Key players of Telehealth Market

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).

Global Competitive Analysis of Telehealth Market

The continual delivery of customer value has enhanced the market value of the industry. The forecast for growth in the market appears to be promising through the forecast period. The growing levels of diversification in the industry, have permitted the companies to use many chances available in the industry. The market competitors are framing their plans for corporate strategy in a way can bring about the best value for growth in the current scenario, while also simultaneously improving their product’s value.

Regional analysis of Telehealth Market

On the regional basis the Global Telehealth Market is dominated by America owing to the presence of huge geriatric population and large number of people suffering from diabetes and other chronic respiratory diseases. Among all the regions in the world, the U.S. has been the first choice for the deployment of telehealth solutions due to established healthcare systems and technology advancement. It has gained a significant position in the global market with the increase in large numbers of telehealth services which target at wellness and fitness. Thus, these telehealth solutions help in cost reduction, saves time by reducing visits to physicians, and provides better healthcare systems. In Addition to this, well developed healthcare sector and high healthcare spending has contributed in the growth of the market.

Europe accounts for the second largest market for the Global Telehealth Market which is followed by Asia Pacific. The Germany is dominating the connected healthcare deployments in Europe, with different kinds of solutions being offered and services being delivered through varied means, from simple messages to much more complex apps.

Asia pacific has the fastest growth market due to the presence of rapidly developing economies like China and India. However, the Middle East and Africa has the least share in the market.

Industry Updates

May 2018 iCare Navigator which is an interactive patient engagement system that uses virtual health coaches trained by artificial intelligence (AI) to address the shortage of nurses has been launched recently by TeleHealth Services. With iCare Navigator, nurses are aided by virtual health coaches, so they can deal with more patients while refining patient engagement. Incorporation with the electronic medical record also permits providers to see more patients with chronic diseases.

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Segmentation of Telehealth Market

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 Brief Table of Contents of Telehealth Market

Chapter 1 Report Prologue

Chapter 2 Market Introduction

2.1 Introduction

2.2 Scope of Study

2.3 Research Objective

2.4 Assumptions & Limitations

Chapter 3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

Chapter 4 Market Dynamics

4.1 Drivers

4.2 Restraints

Chapter 5 Market Factor Analysis

5.1 Porter’s Five Forces Model

5.1.1 Bargaining Power Of Suppliers

TOC Continued….

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