Telehealth Market Competitive Analysis 2019: Medtronic, Cerner Corporation, Tunstall Healthcare, American Well

The Telehealth market report gives strength to organization and helps to make better decisions for steering the business on the right track. This research study helps the customer understand the various drivers and restraints impacting the market during the forecast period. To succeed in this competitive market place, businesses must look for a better solution to refine their business strategies. The data collected for generating this report is checked and validated by the market experts for the readers and end users. This report offers broader perspective of the market place with its comprehensive market insights and analysis.

Competitive analysis has been carried out in the Telehealth market report for the major players in the market, which supports businesses take better moves for enhancing their product and sales. Explicit and state-of-the-art information have been presented in this Telehealth market report which helps Healthcare IT industry to be knowledgeable about the types of consumers, consumer’s demands and preferences

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.

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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.

The market is witnessing a potential growth rate during the previous years and is expected to witness similar trend in the coming years. Additionally, major players in the market are engaged in research and development activities. These players have been upgrading their product portfolio by applying for approvals as well as launching new products. For instance, in November, 2017, Medtronic plc with the Medtronic Care Management Services (MCMS) business launched the advanced and latest telehealth solutions for supporting the U.S. Department of Veterans Affairs (VA) for Home Telehealth Devices and Services.

Key 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).

The market for telehealth is well established in North America region, especially in the US. The market is expected to witness growth at a rapid rate in Asia-Pacific region during the forecast period. 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.

Key Players: Global Telehealth Market

The major players operating in the market of telehealth 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.

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Objective of the Report

The key findings and recommendations highlight crucial progressive industry trends in the Telehealth Market, thereby allowing players to develop effective long term strategies

To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market

To analyze strategies/developments such as collaborations, agreements, partnerships, mergers and acquisitions, and product launches and developments in the Telehealth market

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Telehealth market.

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Telehealth Market

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

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This release was published on openPR.