Press release
Connected Health Market Emerging Technology and Innovations by Top Key Leaders –Medtronic, Cerner Corporation, Tunstall Healthcare, AMD Global Telemedicine, Philips Healthcare, Cisco Systems
and technological advancement and market trends in the future. Further to get in-depth view of Market competitive landscape and Size, Global Connected Health Market study is segmented by Application/ end users [For a full, detailed list, view our report]. Geographically, this report study is segmented into several key Regions such as Americas, APAC, EMEA & The report, Connected Health Market in sector 2025, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.The telehealth market is estimated to grow at a CAGR of 15.7% during the forecast period from 2018 to 2025. The market for telehealth is estimated to reach US$ 52,897.2 Mn in 2025.
MARKET INTRODUCTION
Telehealth is a technique of exchanging data from a patient at home to healthcare professional for getting assistance in monitoring and diagnosing. Telehealth allows the healthcare practitioner to easily offer their services on consultation, care management, diagnosis, and self-management services using information & communication technologies (ICT). These services are being offered through various mode of delivery such as on-premise, web-based, and cloud-based.
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Telehealth Market key benefits:
• On the basis of source, the bacteria segment held the major share of the market in 2018
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
• Some of the key Companies Operating in the Market Include Medtronic, Cerner Corporation, Tunstall Healthcare, AMD Global Telemedicine, Inc., Philips Healthcare, Cisco Systems, Inc., Aerotel Medical Systems Ltd., Honeywell Life Care Solutions, Medvivo Group Ltd., American Well among others
MARKET SCOPE
Growing aging population, increase in number of chronic diseases, and increasing demand for home monitoring devices are the major drivers which are likely to aid the growth of telehealth market. Rising technological advancements and enhancing demand for home monitoring solutions are likely to add new opportunities for this market in the coming years.
MARKET SEGMENTATION
In our study, we have segmented the telehealth market by product, type, mode of delivery and end user. Based on product, global telehealth market is segmented as integrated and standalone. Based on type, the market is segmented into software, hardware and services. The mode of delivery segment is classified as on-premise, cloud-based and web-based. In the basis of end user the global market of telehealth is segmented into patients, prayers and healthcare providers. Geographically, the market for telehealth is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South and Central America (S&CAM).
REGIONAL FRAMEWORK
The market is further examined by evaluating the market on basis of five strategic regions worldwide as North America, Europe, Asia Pacific, Middle East and Africa, and South America. North America has largest market share of the global telehealth market, by geography. This largest share can be attributed to government initiatives, investments made by the major companies, conferences held for the awareness regarding telehealth, technological advancements in the field of telehealth, and higher acceptance by the consumers. However, in Asia Pacific, China has a well-defined telehealth systems present in its healthcare systems also the EHR systems are adopted by various providers. The high growth of this region can be attributed to increasing geriatric population and growing technological advancements that enable mobile telehealth in rural and urban areas.
The report segments the global Telehealth market as follows:
Global Telehealth Market – By Product
• Integrated
• Standalone
• Global Telehealth Market – By Type
• Software
• Hardware
• Services
Global Telehealth Market – By Mode of Delivery
• On-Premise
• Web-Based
• Cloud-based
Global Telehealth Market – By End Users
• Healthcare providers
• Payers
• Patients
Global Telehealth Market – By Geography
• North America
U.S.
Canada
Mexico
• Europe
UK
Germany
France
• Asia Pacific (APAC)
Japan
China
India
• Middle East & Africa (MEA)
Turkey
South Africa
UAE
Saudi Arabia
• South & Central America (SCAM)
Brazil
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