Telehealth Market Growth Outlook with Industry Players Forecasts | Medtronic, Koninklijke Philips, McKesson Corporation, Tunstall Healthcare Group, AMD Global Telemedicine, Medvivo Group, Vidyo Inc, Care Innovations and Honeywell Life Care Solutions

The global telehealth (NGS) market at USD 3.1 Billion in 2017 which is anticipated to reach USD 16.7 Billion by 2025 growing at a CAGR of 23.5% according to the new study published by Polaris Market Research.

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Telehealth is defined as, a collection of methods to enhance public health, health care, and health education support and delivery using telecommunications technologies. The well designed telehealth systems helps to improve health care outcomes, especially chronic diseases such as Alzheimer's disease, asthma, and cancer. The telehealth not only saves the cost, but also reduces the congested amenities, and helps to make the health sector more resilient. The telehealth has made easy accessibility of medical tools and guidelines for patients and by providing early diagnosis and care of patients.

The global telehealth market is driven by rising geriatric population, continuous technological advancements, and rising prevalence of life threatening diseases. The increasing elderly population increases the demand for health care checkup at home, and thus, the telehealth provides easy connectivity of patient and doctors, and offers easy accessibility of quality-care for the chronically ill patients. Moreover, advancements in telecommunication infrastructure and increasing demand for cost effective and affordable treatment are further expected to propel the growth of telehealth market.

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Polaris Market Research provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the global Telehealth (NGS) Market, 2017-2025. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe.

Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. The North America is estimated to account major share in the global telehealth market in 2017. The Asia Pacific is expected to register high CAGR during the forecast period, owing to growing economy, and rising healthcare expenditure. The continuous growth in healthcare industry in Asia Pacific, and growing funding from Australian government in Australia for telehealth is expected to propel the growth of the market in the Asia Pacific.

Key Segmentation

As per the analysts of Polaris Market Research, the market is segmented as below:

By Component

o Hardware
Medical Peripheral Devices
Monitors

o Software

Standalone Software
Integrated Software

o Services

Real-Time Interactions
Remote Monitoring
Store-And-Forward Consultations

By Mode of Delivery

o Cloud-Based Delivery Mode
o Web-Based Delivery Mode
o On-Premise Delivery Mode

By End User

o Payers
o Providers
o Patients
o Others

Region

North America

U.S.
Canada
Mexico

Europe

Germany
UK
France
Italy
Rest of Europe

Asia-Pacific

China
India
Japan
Rest of Asia-Pacific

Latin America

Brazil
Rest of Latin America

Middle East and Africa

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Competitive Landscape and Key Vendors

The global Telehealth (NGS) Market is characterized by the presence of well-diversified global and local vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies and the product inventions, companies are innovating and introducing new customized products to cater the growing needs of the customers.

Leading Companies investigated in the Report are

• 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

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

Contact us

Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: neel@polarismarketresearch.com
Web: www.polarismarketresearch.com

This release was published on openPR.