Press release
Telehealth Market 2018: Growth and Projections by Dominated Players Cerner Corporation, GE Healthcare, Honeywell, Siemens, Cisco, SnapMD, Tunstall Healthcare, McKesson, Medtronic And Others-Forecast 2024
Telehealth Market
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The Global Telehealth Market has accounted for USD 3.1 billion in 2016 and is expected to reach USD 18.3 billion by 2024, growing at a CAGR of 24.6% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The Global Telehealth/Telemedicine Market, By Hardware (Telehealth Monitors, Monitoring Devices), By Software (Standalone, Integrated), By Services (Remote, Real Time, Store and Send), By Deployment (Web Based, Cloud Based, On Premise), By End-User (Healthcare Payers, Healthcare Providers, Patients), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) — Trends and Forecast to 2024.
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Major Market Competitors of Global Telehealth Market
• Cerner Corporation,
• GE Healthcare,
• Honeywell Life Care Solutions,
• Vitaphone GmbH,
• Siemens Healthcare,
• Cisco Systems, Inc.,
• SnapMD, Inc.
• Tunstall Healthcare
• McKesson Corporation,
• Ergotron, Inc.,
• Medtronic, Inc.,
• InstaMD,
• The Medvivo Group,
• Philips Healthcare,
• USARAD Holdings, Inc.,
• Robert Bosch Healthcare,
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Market Segmentation of Global Telehealth Market
The Telehealth Market is categorized on the basis of hardware, software, services, deployment, end user, and geography.
The market, by hardware, is categorized into
• telehealth monitors and
• monitoring devices
The monitoring devices sub segment is further classified by device type into
• blood pressure meters,
• blood glucose meters,
• weight scale,
• pulse oximeters,
• peak flow meters,
• ECG monitors and other devices
The software market is further segmented into
• integrated and
• standalone software
The services market is further segmented into remote monitoring, real-time, and store and send. Based on deployment, the market is categorized into web-based, on premise, and cloud-based.
The market by end user is segmented into
• providers,
• payers, and
• patients
Based on region, the market is divided into North America, Europe, Asia-Pacific, and Middle East & Africa, and South America.
Based on geography, the Telehealth market is segmented into 5 geographical regions,
• North America,
• Europe,
• Asia-Pacific,
• South America and rest of the world
The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. U.S. is expected to dominate the market due to the rising pool of elderly population and chronic disease patient pool. Telehealth will help to U.S. healthcare model to shift from episodic model to dynamic continuous monitoring, leading to betterment of healthcare
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