Global Telehealth Market 2020 Detail Analysis focusing on Key Players like Giffen Solutions, Inc., Capsule Technologies, Inc., Chiron Health, Cisco

Telehealth-the use of portable equipment, including audio physician trips and distant customer monitoring instruments-expands the scope of doctors and service suppliers beyond traditional clinical environments. Telehealth allows a steady connection between nurses and caregivers, and provides suppliers with a continuous flow of real-time patient wellness information. Telehealth facilities leverage technology to provide long-distance health-related education to improve customer results. Telehealth facilities can be provided through a multitude of techniques, including telecommunications, remote patient monitoring instruments such as portable technology, live video chat, digital data transmission, and portable safety (mHealth) applications for mobile devices.

Global telehealth market is registering a healthy CAGR of 22.67% in the forecast period of 2019-2026. This rise in the market can be attributed to the increasing elderly population, growing occurrence of chronic diseases and developments in telecommunication structure. Few of the major market competitors currently working in the global telehealth market are Giffen Solutions, Inc., Capsule Technologies, Inc., Chiron Health, Cisco, Biotricity, A&D company, Limited, OSI Systems, Inc., Biotronik, Koninklijke Philips N.V., AMD Global Telemedicine, Inc., Global Media Group, Inc., BioTelemetry, Inc., Resideo Technologies, Inc., Masimo., eVisit Telemedicine Solution, edgeMED Healthcare, INTeleICU, iMDsoft, InTouch Technologies, Inc., AirStrip Technologies., American Well, among others.

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Global Telehealth Market By Component (Services, Software, and Hardware), Mode of Delivery (Web-Based Delivery Mode, Cloud-Based Delivery Mode, and On-Premise Delivery Mode), End User (Providers, Payers, Patients, and Other End Users), and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026

Market Drivers

Increase in the elderly population is contributing to the growth of the market
Growing occurrence of chronic diseases is boosting the growth of the market
Developments in telecommunication structure is driving the growth of the market
Need for accessible possible treatments due to increasing medical costs is propelling the growth of the market

Market Restraints

Legality, secrecy, and security concerns is restricting the growth of the market
Narrow compensations in the U.S. is hindering the growth of the market
Slight or little alertness of telemedicine among developing country is hampering the growth of the market

Segmentation:

By Component

Services
Remote Monitoring
Real-Time Interactions
Store-And-Forward Consultations
Software
Integrated Software
Standalone Software
Hardware
Monitors
Medical Peripheral Devices
Blood Pressure Monitors
Blood Glucose Meters
Weight Scales
Pulse Oximeters
Peak Flow Meters
Ecg Monitors
Other Medical Peripheral Devices

By Mode of Delivery

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

By End User

Providers
Payers
Patients
Other End Users

By Geography

North America
Europe
Asia-Pacific
South America
Middle East and Africa
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Key Developments in the Market:

In April 2019, Best Buy joined partnerships with TytoCare, an Israeli-based telehealth firm, to deliver TytoHome equipment solely on the best buy page and in selected shops in Minnesota. For $300, Best Buy clients can now buy a portable evaluation tool that allows remote diagnosis of medical problems such as ear infections, fever, allergies, lower respiratory infections, and rashes, and advise the primary care physician at any moment, anyplace. This cooperation allowed businesses to launch an advanced item in the industry.

In January 2019, VRHealth announced the implementation of the first telehealth-VR medical system, which contains applications specifically intended for customers to use at home. VRHealth participates in AARP Innovation Labs. With this cooperation with AARP, VRHealth resides at the AARP Innovation Lab and integrates the key characteristics of its item into Alcove VR's Health and Wellness segment, a virtual reality service that allows households to communicate regardless of cost, moment or movement limitations.

Competitive Analysis:

Global telehealth market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of telehealth market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report

Current and future of global telehealth market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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