openPR Logo
Press release

COVID-19 ANALYSIS TELEHEALTH MARKET

08-21-2020 01:24 PM CET | Health & Medicine

Press release from: Transparency Market Research

Telehealth Market: Overview
The telehealth market is riding on the wave of growth. This is because telehealth is no longer an option, but a necessity due to the increasing dangers of COVID-19. The crisis is serving as an opportunity for the telehealth market to grow at a rapid pace. During this uncertain COVID-19 pandemic, telehealth serves as a boon. With a large populace forced to stay at home due to the lockdowns imposed to flatten the curve of the SARS-CoV-2 pandemic, telehealth technology plays an important role for routine clinical follow-ups and treatment.

Competitors and key players in the telehealth market are coming up with technologies and innovations that are crucial in finding new ways to communicate with various patients to adjust to unprecedented times. Technological improvements related to smartphones and enhanced internet connectivity can also have a positive influence on the telehealth market.


Request Sample Of Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=41591

The post-lockdown scenario is also of great importance for the telehealth market. Novel technologies will sprout up to reduce visits of the patients to the clinic. Long queues outside the clinic or hospital for consulting with the doctor should be avoided in the post-COVID-19 world, especially for the elderly, who are in the constant need for clinical advice and treatment. Telehealth technologies will also protect clinicians and healthcare professionals from the transmission of the virus. Hence, telehealth technologies will prove to be of great benefit, eventually leading to an increase in the growth rate of the telehealth market.

The global telehealth market is predicted to expand at a CAGR of 13% across the forecast period of 2017 to 2025 and was valued at US$ 6bn in 2016. The telehealth market is growing at a rapid rate and expects to continue to do the same throughout the forecast period. Consistent government support for the telehealth market through acts like the Health Insurance Portability and Accountability Act of 1996 protects patient privacy, which further gives a push to the telehealth market toward growth.


Request the Coronavirus Impact Analysis on this Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=41591

telehealth market

Cardiology Segment to Account Promising Growth
Based on the application, the telehealth market is classified into radiology, remote ICU, dermatology, psychiatry, and cardiology. The cardiology segment is proving to be a stellar growth generator for the telehealth market. This can be attributed to the rising prevalence of cardiovascular diseases as well as cutting-edge technological innovations taking place in the telehealth market. Cardiac Insight Inc. launched Heart@Home ECG Test Kit to address the telehealth demands of the cardiology segment. It consists of Cardea SOLO Sensor, which the patient wears for a brief period and the results are then mailed to the clinician. The clinician then carries out the diagnosis and creates an ECG report within a time frame of just 5 minutes.

Investors and key players are also showing interest in cardiology telehealth platforms. Optum Ventures recently led an $8.2 million Series A funding to Heartbeat Health, a data-based cardiology platform. Such funding can also bring the cardiology segment in the telehealth market to the forefront. Transparency Market Research predicts the cardiology segment to acquire nearly 19 percent share contribution to the telehealth market across the forecast period.


The psychiatry segment is also expecting a successful run in the forecast period as isolation and social distancing have taken a toll on the mental health of numerous individuals across the globe. In addition, the COVID-19 infected patients also need psychological help to overcome the stress and depression faced due to fear and panic. To avoid direct contact with a COVID-19 patient, telehealth technology is a great option to provide psychiatric help. Furthermore, assisting individuals who are at home through telehealth technology fulfills all the conditions for preventing the spread of SARS-CoV-2. Thus, the telehealth market looks forward to exponential growth from this segment as well.

Buy this Research Report Now – https://www.transparencymarketresearch.com/checkout.php?rep_id=41591<ype=S

North America to Emerge as a Star Contributor for Growth of Telehealth Market
Regional segments in the telehealth market are Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. North America seems to dominate the telehealth market and will continue its dominating streak throughout the forecast period. The U.S. has the largest number of COVID-19 cases in the world. Hence, the need for telehealth technology is of utmost importance to the region as the need for home healthcare is considerably rising. In addition, merger and acquisitions by key players to strengthen their position in the region is also proving to be a growth generator for the telehealth market.

More Trending Reports by Transparency Market Research – https://www.prnewswire.com/news-releases/global-radiation-therapy-market-to-reach-us-8-6-bn-by-2026–product-approvals-to-drive-growth-transparency-market-research-300998453.html

Contact

Transparency Market Research,

90 Sate Street, Suite 700,

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release COVID-19 ANALYSIS TELEHEALTH MARKET here

News-ID: 2118586 • Views:

More Releases from Transparency Market Research

Global Insulation Monitoring Devices Market Expected to Reach 5,652.31 Thousand …
Transparency Market Research, a leading market intelligence firm, has published a comprehensive report on the "Insulation Monitoring Devices Market," providing insights into the industry's growth, trends, and forecasts. According to the report, the global insulation monitoring devices market is projected to reach 5,652.31 thousand units by 2027, with a Compound Annual Growth Rate (CAGR) of 5.42% from 2019 to 2027. The market is poised for substantial growth, driven by increasing demand
Eye Care Surgical Devices Market Expected to Reach US$ 10.7 Billion by 2031 with …
The global eye care surgical devices market is poised for significant growth and transformation in the coming years, driven by technological advancements, increasing prevalence of eye disorders, and rising demand for minimally invasive surgical procedures. This article provides a comprehensive overview of the market, including its size, segmentation, regional analysis, key developments, market drivers and challenges, trends, future outlook, key study points, competitive landscape, and how to access comprehensive market
Automotive Alloy Wheels Market Set to Reach US$ 44.2 Billion by 2031, with an 8. …
The automotive alloy wheels market stands at the cusp of significant growth and transformation as it continues to witness escalating demand and technological advancements. This article delves into the various facets of the market, including its size, segmentation, regional analysis, drivers and challenges, trends, future outlook, key study points, competitive landscape, and how to access comprehensive market research reports. Market Overview The global automotive alloy wheels market was valued at US$ 20.2
Car E-hailing Market Outlook 2031 Foresees Exceeding US$ 148.41 Billion by 2031, …
The car e-hailing market, a segment within the broader transportation industry, has witnessed remarkable growth in recent years, driven by the increasing demand for convenient and efficient urban mobility solutions. Here's a comprehensive overview of the car e-hailing market, including its size, segmentation, regional analysis, market drivers and challenges, trends, future outlook, key market study points, competitive landscape, and how to access valuable market research reports. Market Overview The global car e-hailing

All 5 Releases


More Releases for America

Waterproof Labels Market Outlook, Supportive Judgments | SATO America, LANGGUTH …
Report Ocean recently published a new report on the Global Waterproof Labels Market. The study has an in-depth analysis of the forecast period from 2021-2025. The report reveals a comprehensive picture of the Waterproof Labels Market situation, taking into consideration all major trends, market dynamics, and competitive factors. Additionally, the report contains key statistics concerning the Waterproof Labels Market situation of the leading key players, key market trends, and potential
Textiles Market Analysis Report, Regional Outlook - Europe, North America, South …
Adroit Market Research has announced the addition of the “Global Textiles Market Size Status and Forecast 2025”, The report classifies the global Textiles in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Textiles Speaker market, analyzes and researches the Textiles Speaker development status and forecast in Europe, North America, Central America, South America, Asia Pacific
Blow Molding Machinery Market Analysis Report, Regional Outlook - Europe, North …
Adroit Market Research has announced the addition of the “Global Blow Molding Machinery Market Size Status and Forecast 2025”, The report classifies the global Blow Molding Machinery in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth. This report studies the global Blow Molding Machinery Speaker market, analyzes and researches the Blow Molding Machinery Speaker development status and forecast in Europe,
Global Gaucher Disease Market 2018 Covering North America, South America, Europe
Gaucher Disease Market Summary The Global Gaucher Disease Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The key players are continuously focusing on expanding their geographic reach and broadening their customer base, in order to expand their product portfolio and come up with new advancements. Gaucher Disease market size to maintain the average annual growth
Epigenetics Market by End Users, and by Geography North America, Latin America, …
Increasing research to study the epigenetics of the genome (study called epigenomics) is expected to boost growth of the epigenetics market over the forecast period. Genome-wide epigenetic studies play an important role in the diagnostics of human diseases. Moreover, implementation of epigenetics for oncology research is estimated to propel the growth of epigenetics market. For instance, Constellation Pharmaceuticals, in April 2018, invested US$ 100 million for development of cancer epigenetics
Spas and Beauty Salons Market - South America, Central America and North America …
Consumers’ changing perception towards personal care coupled with continuous strive to improve general well-being are generating a positive impact on the spas and beauty salons industry. Growing consumer need to improve personal appearance and well-being has increased the demand for wellness solutions. Spa centers and beauty salons, in order to meet the increasing demand for unique spa and beauty services, are constantly striving to improve their services by focusing on