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Telehealth Market worth $140.45 billion by 2030, growing at a CAGR of 17.72% - Exclusive Report by 360iResearch
Telehealth Market | 360iResearch
The Global Telehealth Market to grow from USD 44.80 billion in 2023 to USD 140.45 billion by 2030, at a CAGR of 17.72%.
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The telehealth market comprises a broad range of services and technologies designed to deliver virtual medical, health, and education services. Telehealth utilizes telecommunications and digital communication technologies to provide remote access to healthcare services, patient education, health administration, and public health practices. It includes telemedicine (clinical services), telemental health, telehomecare, teleconsultation, and mHealth (mobile health). Key drivers are the increasing need for accessible healthcare services, telecommunications and digital health technologies advancements, and the growing acceptance of remote health monitoring by patients and healthcare professionals. Furthermore, factors such as an aging population, the prevalence of chronic diseases, and the emphasis on providing cost-effective healthcare services while improving the quality of care are contributing to the increasing adoption of telehealth services. However, regulatory issues and concerns regarding data security and privacy stand at the forefront of impeding its adoption. Additionally, varying standards for reimbursement across regions and resistance to technology adoption from healthcare providers are notable hurdles the industry should address. Opportunities within telehealth are abundant and can be harnessed by adeptly navigating market drivers and mitigating the challenges. Innovations in AI and machine learning, integration of Electronic Health Records (EHRs), and expansion of broadband infrastructure, particularly in rural and underserved communities, offer considerable prospects for expansion. Moreover, collaboration between technology providers and healthcare institutions, along with supportive government policies, can further bolster the need for telehealth services.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Telehealth Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Telehealth Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Telehealth Market, highlighting leading vendors and their innovative profiles. These include Allscripts Healthcare Solutions, Inc., AMD Global Telemedicine Inc., American Well, Boston Scientific Corporation, Cerner Corporation, Cisco Systems, Inc., Doctor On Demand Inc., GE Healthcare, GlobalMed, Honeywell International Inc., Koninklijke Philips N.V., MDlive Inc., Medtronic PLC, Siemens Healthineers AG, and Teladoc Health, Inc..
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Market Segmentation & Coverage:
This research report categorizes the Telehealth Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Hardware, Services, and Software. The Software is projected to witness significant market share during forecast period.
Based on Deployment Mode, market is studied across On-Cloud and On-Premise. The On-Cloud is projected to witness significant market share during forecast period.
Based on End User, market is studied across Patient, Payer, and Provider. The Provider is projected to witness significant market share during forecast period.
Based on Application, market is studied across Tele-ICU, Teleconsultation, Teledermatology, Telepsychiatry, Teleradiology, and Telestroke. The Telestroke is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Telehealth Market, by Component
7. Telehealth Market, by Deployment Mode
8. Telehealth Market, by End User
9. Telehealth Market, by Application
10. Americas Telehealth Market
11. Asia-Pacific Telehealth Market
12. Europe, Middle East & Africa Telehealth Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Telehealth Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Telehealth Market?
3. What is the competitive strategic window for opportunities in the Telehealth Market?
4. What are the technology trends and regulatory frameworks in the Telehealth Market?
5. What is the market share of the leading vendors in the Telehealth Market?
6. What modes and strategic moves are considered suitable for entering the Telehealth Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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