Impact of COVID-19 on Telehealth Market Analysis And Growth Opportunities 2030 - Cerner Corporation, Tunstall Group, Vidyo, Inc., Medvivo Group

According to Study, Telehealth is distributing healthcare services with the help of telecommunication technologies and virtual technology. This saves time of the physicians and also offers quick medical services to the patients. This technology helps patients with chronic illnesses to get early treatment and guidance if required.

Market Industry Reports (MIR) has published a new report titled "Telehealth Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2030." According to the report, the global telehealth market was estimated to account for over US$ 5.7 billion in 2019. It is anticipated to grow at a CAGR of ~24% from 2019 to 2030.

Top Key Players:

Cerner Corporation,
Tunstall Group,
Vidyo, Inc.,
Medvivo Group Ltd,
Aerotel Medical Systems Ltd,
American Well,
Resideo Technologies,
Inc.,
Medtronic,
Koninklijke Philips N.V., and Cisco among others.

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Scope of Report:

The significant market growth can be attributed to the growing geriatric population followed by several benefits offered by telehealth. Moreover, the increasing prevalence of various chronic diseases and improvements in telecommunication infrastructure in emerging countries are anticipated to boost market growth further, over the forecast period. The rate of adoption of telehealth is gradually increasing, especially in the field of radiology, cardiology, and online consultation, further augmenting market growth. Extensive research & development activities by major companies and universities across the globe to introduce new technologies with maximum safety & precision are expected to contribute significantly to market expansion.

In April 2019, InTouch Technologies, Inc. announced the launch of Solo, an end-to-end fully integrated care platform, which is suitable for different user types in healthcare setting. Solo is a flexible platform integrated with services such as enhanced emergency care solutions, direct-to-patient, and direct-to-customer.

The increasing prevalence of chronic diseases along with rising healthcare expenditures and the high adoption rates of health IT infrastructure to support telehealth initiatives are expected to further boost market growth. According to the National Center for Biotechnology Information, chronic diseases are among the most prevalent and costly health conditions in the U.S. Approximately 45% or 133 million Americans suffer from at least one chronic disease and the number is growing. This is expected to propel growth of the telehealth market.

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For Comprehensive Understanding of Market Dynamics Regional Analysis:

North America is estimated to account for the highest CAGR in the telehealth market over the forecast period. Rising healthcare expenses, upcoming regulatory policies, rising prevalence of chronic diseases, shortage of physicians, implementation of the Affordable Care Act (ACA), and increasing funds for telehealth will boost market growth. For instance, in February 2018, U.S. President Donald Trump signed the Bipartisan Budget Act of 2018 (BBA) that impacts major changes for telehealth policies in Medicare by incorporating policies from the Senate's Creating High-Quality Results and Outcomes Necessary to Improve Chronic (CHRONIC) Care Act. The U.S. represents one of the largest markets for telehealth followed by Canada in the North America region.

Table of Content:

GLOBAL TELEHEALTH MARKET - ANALYSIS & FORECAST, BY COMPONENT
Services
Software
Hardware
GLOBAL TELEHEALTH MARKET - ANALYSIS & FORECAST, BY MODE OF DELIVERY
Web-Based
Cloud-Based
On-Premise
7. GLOBAL TELEHEALTH MARKET - ANALYSIS & FORECAST, BY END USER

Providers
Payers
Patients
Other End Users

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This release was published on openPR.