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telehealth market Is Expected To Grow At A CAGR Of 15.7% From 2016 To 2025

07-26-2023 04:03 PM CET | Health & Medicine

Press release from: The Insight Partners

Global telehealth market

Global telehealth market

The telehealth industry has been expanding steadily. One of the main drivers of the market's expansion is the rising incidence of ailments like gastrointestinal disorders, neurological disorders, cancer, and diabetes. Worldwide, the burden of chronic diseases is quickly increasing as a result of dietary pattern changes and an increase in sedentary behavior. The World Health Organization (WHO) estimates that diabetes, obesity, and cardiovascular illnesses account for about half of all deaths worldwide caused by chronic diseases. The demand for medications is being sparked by the rising prevalence of chronic diseases, which is further fueling the expansion of the telehealth sector.

The study includes information on competition analysis including market structure, market share by major players, player positioning, top winning tactics, competitive dashboard, and company evaluation quadrant. All significant companies' full profiles have also been provided. The market structure is fragmented, with many different players holding the lion's share of the market share. High market growth and a fragmented market structure draw many companies to the business, but some of them may be deterred from doing so by the market's high level of brand recognition.

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Key Companies:

• Medtronic
• Cerner Corporation
• Tunstall Healthcare
• AMD Global Telemedicine, Inc.
• Philips Healthcare
• Cisco Systems, Inc.
• Aerotel Medical Systems Ltd.
• Honeywell Life Care Solutions
• Medvivo Group Ltd.

Regional Analysis:

Based on geography, the telehealth market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. North America telehealth market has been analysed based on three major countries - the US, Canada, and Mexico. The US is estimated to hold the largest telehealth market share during the forecast period. The growth of telehealth market in the US is attributed to the various market players, and a dynamic scenario has been established. It has transformed the dynamics of telehealth in the region.

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The growth in North America is characterized by companies engaged in partnerships, collaborations, acquisitions, mergers, and product launches to innovate in the telemedicine market, driving growth in the forecast period. For instance, in April 2021, Inova Health System offered an FDA-approved telemedicine option for remote neuromodulation of deep brain stimulation (DBS) patients being treated for Parkinson's disease and essential tremors.

This telehealth market report details recent developments, trade laws, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market laws, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic information. Contact The Insight Partners for an Analyst Brief to learn more about the telehealth market. Our staff can assist you in making an informed choice to expand your market.

The nation part of the research also lists specific market-impacting variables and domestic market regulation changes that have an affect on the market's present and future tendencies. When giving prediction analysis of the nation data, it also takes into account the presence and accessibility of global brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

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Market Trends:

Currently, there are fewer gaps in the delivery and use of telehealth services around the world due to an increase in the use of smartphones and high-speed internet services. This is one of the main driving forces behind the market expansion, along with the flourishing healthcare sector. The increased demand to track health and wellness in order to virtually manage chronic conditions is also having a favorable impact on the market. In addition, the market is expanding because to the rising demand for telehealth, which enables patients to schedule appointments, monitor consultations and prescriptions, and store healthcare information over the course of treatment.

Key Benefits For Stakeholders

• SWOT analysis of major brands, highlights weaknesses, strengths, opportunities and threats. The data proves effective for business owners planning on designing their marketing and branding strategies.
• Region wise business performance discussed in the telehealth market research report would be valuable for enterprises planning to explore new areas.
• The market research report provides an integrated information on the major drivers, restraints and opportunities influencing the telehealth industry growth, during the forecast.
• The study further drills down to produce data volume by components, end customers and demography.
• The report not only examines the market dynamics but also takes a closer look at the growth rate and industrial chain structure.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Ankit Mathur
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About The Insight Partners:

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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