Global Telehealth Market Comprehensive Research and influencing Business factors - Key Vendors are Cerner Corporation, GE, Honeywell, McKesson, Ergotron, Medtronic, InstaMD, Medvivo Group Ltd, Philips, Teladoc Health, American Well, BioTelemetry, Inc

For the Telehealth market, which will be the face of change for the Healthcare IT industry, the forecast period by 2025 is expected to be good. The number of users increases daily, increasing sales, import, export, income and CAGR values.

The SWOT analysis shows what the market drivers and restraints are for the Telehealth market. With segments attuned on the market’s size, growth rate and overall appeal of the market, the study provides company market share analysis to give a comprehensive overview of the key market players.
Furthermore, the report also comprises key maestro moves of the top market players including acquisitions and mergers, new product launch, agreements, partnerships, collaborations, and joint ventures, research and development, and regional expansion of major participants involved in the market on a global and regional basis.

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% by 2024.

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Key Players: Global Telehealth Market

Cerner Corporation, GE, Honeywell, McKesson, Ergotron, Medtronic, InstaMD, Medvivo Group Ltd, Philips, Philips Healthcare SL, USARAD Holdings Inc., Bosch, Bosch Healthcare Solutions GmbH, Vitaphone GmbH, Siemens, Siemens Healthineers, Cisco, Cisco Systems France, SnapMD, Tunstall Healthcare (UK), Tunstall Healthcare, Teladoc Health, American Well, BioTelemetry, Inc, Aerotel Medical Systems, InTouch Health, InTouch Technology Inc., AMD Global Telemedicine, Inc., and others.

Telehealth technology and services enable knowledge and resource sharing between rural and urban areas in minimum time duration. Moreover, consistent evolution in information and communication technologies, effective image transfer, consultation and reporting, and scarcity of radiologists across the globe are the factors expected to drive the segment by 2024.

“Rising incidences of chronic ailments along with hefty expenditure on healthcare activities are the key factors stimulating the demand for telehealth services, “says the author of this study. Apart from this, telecommunications sector is witnessing a paradigm shift through the launch of new technologies and this will enable massive expansion of telehealth market over the forthcoming years.

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Market Segmentation: Global Telehealth Market

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.

Global healthcare is under continuous threat of rising chronic conditions and shortage of healthcare professionals in all developed countries. Telehealth is expected to offer the solution to this threat, owing to advancements in mobile technology telehealth now can be applied in multiple provider type with maximum integration. As key components of telehealth clinical monitors, peripheral devices are expected to form the key ingredients in telehealth market. As per a recent survey in U.S., published in American Journal of Critical Care healthcare professional believe that telehealth-ICU’s are improving the productivity of healthcare facilities. About 79% of the 1200 respondents agreed that telehealth improves patient care. In 2015, there were about 45 tele-ICU’s that connect more 200 hospitals and 6,000 beds in the U.S.

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