Telehealth- a Market Worth Observing Growth: McKesson, Cisco Systems, GE Healthcare

Global Telehealth Market (2018-2023) is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Telehealth Market. Some of the key players profiled in the study are McKesson Corporation, Medtronic Inc., Cisco Systems, GE Healthcare, Allscripts Healthcare, Siemens Healthineers, LifeWatch AG, Philips Healthcare, Honeywell, Cerner Corporation.

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The telehealth market is witnessing a higher adoption rate owing to an increasing geriatric population, prevalence of chronic diseases, and higher government spending on healthcare. Telehealth has made it possible to provide better healthcare services by bridging the gap between doctors and patients. These factors are expected to drive the market, helping it expand at a CAGR of 14.1% during the 2017-2022 period.

Technology segment insights:

Remote patient monitoring (RPM) occupied a market share of 63% in 2017, being the most prevalent telehealth technology. Recent regulations in countries like the United States (U.S.), Canada, and the United Kingdom (U.K.), mandate the imposition of fines on readmission of patients within 30 days of discharge. These regulations, along with rising healthcare costs, are the significant drivers of RPM adoption. Mobile health (mHealth), having held a market share of 22% in the same year, shows a lot of promise in the wide distribution of medical information to both patients and medical practitioners. Video telemedicine accounted for a share of 15% in 2017.

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Application segment insights:

The adoption of teledermatology is the highest among the application segments, due to the high cost of specialty healthcare. This segment includes dermatology and makes available advanced imaging technologies. Close on its heels are teleradiology (25%) and telecardiology (24%). Telecardiology is driven by the higher prevalence of cardiac ailments across the world, and specific heart conditions like cardiac arrhythmia which require constant monitoring over a long period. Cancer patients need regular check-ups, which may not be possible for patients who stay far from hospitals. Teleradiology is a boon for these patients, allowing them to lead healthy lives.

Regional insights:

North America has exhibited the highest adoption of telehealth technologies and occupied approximately 49% of the global market in 2017. The region has stringent healthcare regulations, along with a high incidence of chronic diseases and steep healthcare expenses for employers, all of which resulted in the broader implementation of telehealth. Significant government investments in developing telehealth infrastructure have led to the growth of the market in Europe. Currently, the region accounts for a 33% market share. Asia-Pacific, Latin America, and the Middle East and Africa are nascent markets which are expected to exhibit high growth in the future.

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Key Answers Captured in Study are
Which geography would have better demand for product/services?
What strategies of big players help them acquire share in regional market?
Countries that may see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
How feasible is market for long term investment?
What opportunity the country would offer for existing and new players in the Telehealth market?
Risk side analysis involved with suppliers in specific geography?
What influencing factors driving the demand of Telehealth near future?
What is the impact analysis of various factors in the Global Telehealth market growth?
What are the recent trends in the regional market and how successful they are?

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Some extract from Table of Contents
• Overview of Global Telehealth Market
• Telehealth Size (Sales Volume) Comparison by Type (2019-2025)
• Telehealth Size (Consumption) and Market Share Comparison by Application (2019-2025)
• Telehealth Size (Value) Comparison by Region (2019-2025)
• Telehealth Sales, Revenue and Growth Rate (2019-2025)
• Telehealth Competitive Situation and Trends
• Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
• Analyze competitors, including all important parameters of Telehealth
• Global Telehealth Manufacturing Cost Analysis
• Marketing Strategy Analysis, Research Conclusions

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