Telehealth Market Growing at a CAGR of 14% by 2022 | Key Players – McKesson Corporation, Cerner Corporation, Medtronic Inc., GE Healthcare, Cisco Systems, Allscripts Healthcare Solutions etc

Telehealth is the combined use of medical devices and communication technologies to diagnose, analyze and monitor diseases and symptoms. The Telehealth industry makes use of telecommunication technologies to deliver health care, health information or health education at a distance. Also referred to as telemedicine, e-health or e-medicine, Telehealth is the overall term for the world of virtual care delivery as it encompasses a broad variety of technologies and tactics to deliver virtual healthcare solutions. Telehealth consulting services make it easier for patients to get a consultation from healthcare providers irrespective of their location. The global Telehealth Market is estimated to be valued at USD 25.30 billion in 2022, growing at a CAGR of 14% during 2014-2022.

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Some of the major players in the telematics market are:
McKesson Corporation, Cerner Corporation, Medtronic Inc., GE Healthcare, Cisco Systems, Allscripts Healthcare Solutions and Honeywell Life Care Solutions.

Key growth factors:
The incidence of chronic diseases requires continuity in treatment and care. Most patients are unable to make regular visits to hospitals because of their poor health conditions. So, the prevalence of chronic diseases serves as a major driver for the Telehealth market. Other key drivers are the emergence of mobile health hubs, advancement of healthcare technology and infrastructure and the expected growth in wearable technology.

Technology Segment:
Remote Patient Monitoring
mHealth
Video Telemedicine

The Application Segment:
Teledermatology
Teleradiology
Telecardiology
Telepathology
Others (Teleaudiology and Teleophthalmology)

Threats and key players:
Although the global Telehealth Market shows positive growth, it is not free from obstacles and challenges. Some of the critical threats are high installation charges of the Telehealth devices and Telehealth systems, lack of reimbursement policies, problems in practice regulations and licensing and lack of awareness of the technology spread.

Additionally, low internet penetration and lack of healthcare technology and infrastructure in some regions plays a significant role in restricting the expansion of global Telehealth solutions. Notably, most of the Middle Eastern and African countries face various infrastructural and economic challenges.

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What's covered in the report:

- Overview of the Global Telehealth Market

- Historical, current and forecast market size data for Global Telehealth Market, Remote Patient Monitoring, mHealth, Video Telemedicine, Teledermatology, Teleradiology, Telecardiology, Telepathology and Others sectors

- Historical, current and forecast regional (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) market size data for Global Telehealth Market, Remote Patient Monitoring, mHealth, Video Telemedicine, Teledermatology, Teleradiology, Telecardiology, Telepathology and Others sectors

- Telehealth market analysis consisting of telehealth services and telehealth devices-by value chain diagram

- Analysis of the primary drivers and challenges affecting the Global Telehealth Market, Remote Patient Monitoring, mHealth, Video Telemedicine, Teledermatology, Teleradiology, Telecardiology, Telepathology and Others sectors

- Analysis of the competitive landscape and profiles of major companies operating in the market

- Market Trends in Global Telehealth Market

Reasons to buy this report:

1. Get a broad overview of the Global Telehealth systems which would help in further telehealth research
2. Get region-specific drivers and challenges affecting the Global Telehealth Market.
3. Device market-entry strategies by understanding the driving factors of the market
4. Get relevant company profiles and start-up company profiles

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