Telehealth Market Koninklijke Philips N.V., Medtronic, Tunstall Healthcare Group, McKesson Corporation Includes Major Key Players

Coherent Market Insights has announced the addition of the “Telehealth Market Size Status and Forecast 2026”, The report classifies the global Telehealth Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Telehealth Market Speaker market, analyzes and researches the Telehealth Market Speaker development status and forecast in North America, Europe, Asia Pacific, Latin America and Rest of the World. This report focuses on the top players in global market, like Medvivo Group, AMD Global Telemedicine, Vidyo, Cisco Systems, Care Innovations, Honeywell Life Care Solutions.

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Increasing prevalence of chronic disease with rising healthcare expenditures and high adoption of health IT infrastructure to support telehealth initiatives are also expected to further boost growth of the telehealth market. Veterans Health Administration (VHA) - the largest integrated health care system in the U.S. uses multiple types of telehealth interventions, which provides both routine and targeted care management services. The 2017 finding from Centers for Medicare and Medicaid Services (CMS), stated that telehealth and telemedicine payments increased by 28% and claims increased by 33% in 2016, over the year 2015. However, lack of trained professionals in remote areas, privacy and information security concerns, and low availability of telecommunication bandwidth are the major factors adversely affecting growth of the telehealth market.

Telehealth market Taxonomy:

On the basis of component, the global telehealth market is segmented into:
Hardware
Software
Services

On the basis of mode of delivery type, the global telehealth market is segmented into:
On-premise
Cloud based

On the basis of end-user, the global telehealth market is segmented into:
Telehealth Providers
Patients
Other end-users

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According to the 2016 Broadband Progress Report from Federal Communications Commission, around 40% of rural Americans still lack access to broadband Internet. Furthermore, according to the 5G Readiness Survey 2017, by Ericsson AB, 78% respondents of IT decision makers from all major verticals including healthcare have accelerated their plans to incorporate 5G into their IT infrastructure.

Increased adaptation of telehealth will significantly decrease the dependency on hospitals, and enable accessibility to proper healthcare services from home. A report published in March 2017, by NTCA-The Rural Broadband Association stated that, telemedicine could save thousand dollars per year in healthcare and community costs, thereby, reducing significant cost spent on transportation, medical facility, labor wages, and lab cost.

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This release was published on openPR.