Press release
Telehealth Market Share 20216 Industry Size CAGR Value Top Manufacturers Growth Prospects Sales Size and Forecast to 2025
The telehealth market was valued at US$ 17,289.9 million in 2017 and it is projected to reach US$ 52,897.2 million in 2025; it is expected to grow at a CAGR of 15.7% from 2016 to 2025.The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. The growth of the global telehealth market is attributed to the increasing prevalence of cardiovascular disease, home monitoring for the treatment and reducing cost for the chronic treatments. However, cyber threat and rise in data security and tricky policies and reimbursement rules are the major factor hindering the market growth.
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Companies Profiled in this report includes:
• Medtronic
• Cerner Corporation
• Tunstall Healthcare
• AMD Global Telemedicine, Inc.
• American Well
• Philips Healthcare
• Aerotel Medical Systems Ltd.
• Honeywell Life Care Solutions
• Medvivo Group Ltd.
• Cisco Systems, Inc.
Based on mode of delivery, the global telehealth market is segmented into on-premise, web-based, and cloud- based. The web-based delivery mode held the largest market share in 2017. However, the cloud- based segment is estimated to grow at the fastest rate during the forecast period. Rising adoption of cloud based technology by telehealth providers to save patient data and allow access of data to other providers offer lucrative opportunities for the growth of cloud- based segment.
The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement.
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The report segments global telehealth market as follows:
By Product
• Integrate
• Standalone
By Type
• Hardware
• Software
• Services
By Mode of Delivery
• On-Premise
• Web-Based
• Cloud-Based
By End- User
• Patients
• Payers
• Healthcare Providers
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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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