Telehealth Market Grow at a CAGR of 23.2% During the Forecast Period 2017-2025: Medtronic plc, Koninklijke Philips N.V., McKesson Corporation, Tunstall Healthcare Group Ltd, AMD Global Telemedicine, Inc.

The use of digital technologies to deliver health education, medical care, and public health services by connecting multiple users from distinct locations is known as telehealth. This includes technology-enabled health care services, telemedicine, and services such as monitoring, assessment, communications, education, and prevention. Additionally, it also involves a wide range of videoconferencing, health information, telecommunications, and digital image technologies. The virtual technology and telecommunications are used in telehealth to deliver health care facilities outside of tradition healthcare facilities.

According to a new study published by Polaris Market Research the global Telehealth market is anticipated to reach USD 16.7 billion by 2025.

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Top Key Player:-

- Medtronic plc
- Koninklijke Philips N.V.
- McKesson Corporation
- Tunstall Healthcare Group Ltd.
- AMD Global Telemedicine, Inc.
- Medvivo Group Ltd., Vidyo, Inc.
- Care Innovations
- LLC, Cisco Systems, Inc.
- General Electric Company
- Honeywell Life Care Solutions.

The telehealth includes virtual health care, where elderly or chronically ill patients are given medical guidance as well as treatment in certain procedures by residing home. The use of telehealth made easy accessibility of medical tools and guidelines for both professionals as well as patients in terms of diagnosis and patient care.

The global telehealth market is segmented on the basis of component, mode of delivery, end user, and by region. By component, the global telehealth market is further segmented into three major categories, including hardware, software, and services. On the basis of component, the services segment accounted major share in the global telehealth market. The services segment is further segmented into three major types, real-time interactions, remote monitoring, and store-and-forward consultations. The growing awareness and acceptance of remote monitoring solutions, and increasing technological advancement in telecommunication is the key factor responsible for high share of telehealth services in the telehealth industry. The hardware segment by component is further segmented into two types, medical peripheral devices, and monitors. The software segment is further segmented into, standalone software and integrated software’s. The software segment in the telehealth industry is expected to grow at high CAGR during the forecast period. The software is the important tool of telehealth systems. They work as an interface between the database and end users.

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By mode of delivery the global telehealth market is further segmented into, web-based, cloud-based, and on premises delivery system.
By end user, the global telehealth market is further segmented into providers, payers, patients, and others.

On the basis of region, the telehealth industry is further segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America is estimated to account major share in the global telehealth industry in 2017. The continuous increasing in telehealth funding and government support for telehealth in the region is the one of key factor responsible for growth of the market. The Asia Pacific is expected to register high CAGR during forecast period, owing to growing economy, and rising healthcare expenditure in that region.

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Rising geriatric population, continuous technological advancements, and rising prevalence of life threatening diseases are some major factors responsible for the growth of global telehealth market. The increasing geriatric population increases the demand for health care checkup at home. Thus, telehealth provides easy connectivity of patient and doctors, and offers easy accessibility of quality-care to the chronically ill patients.

About us Polaris Market Research

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