Telehealth Market – Worldwide Key Players - Koninklijke Philips N.V. (the Netherlands), Medtronic (Ireland), General Electric Company (UK), McKesson Corporation (US)

These are the times of solutions on your fingertips and the healthcare sector is no exception of this growing trend. Telehealth also called as telemedicine uses advances in communication technologies to deliver healthcare services such as diagnosis, education, consultation, and others. The global teleheatlh market is anticipated to deliver a healthy CAGR growth of 29.8% during the forecasted period.

Market Trends

August, 2017 - Expansion of community health and greater support and initiatives by governments is expected to be the latest trend. For example, the U.S. is expected to launch major initiatives such as the telehealth program for veteran’s healthcare for mental healthcare and suicide prevention. The statement of VA Secretary David Shulkin speaks much. He stated “the goal of the program is to provide better healthcare for veterans even in rural areas. He also said “existing telehealth programs provide care to more than 700,000 veterans per year, which will be expanded by the latest program.”

Get a sample report at https://www.marketresearchfuture.com/sample_request/900 .

Key players of Global Telehealth Market:

Siemens Healthcare Private Limited, GlobalMedia Group, LLC, Koninklijke Philips N.V., InTouch Technologies, Inc., Medtronic, McKesson Corporation, General Electric Company, Care Innovations, LLC., Cerner Corporation, AMD Global Telemedicine, Inc.,

Market Dynamics of Global Telehealth Market:

Ease of access, lower delivery costs, expansion of healthcare reach and development of technology are the critical drivers of the market. The greater comfort afforded by the leverage of the technologies coupled with greater cost effectiveness and efficiency due to technological gains adds to the attractions of telehealth. The cost of delivery is also reduced due to the lesser travel time needed and the lower number of face to face appointments afforded by the technology. Lower servicing costs per new customer due added to an existing platform, improvements in analytics, remote management, generates services at much reduced costs to the patients. Growing adoption of mobile devices is expected to result in faster market growth. The falling divide for smartphone ownership between developing and developed economies will also favor the market due to the huge unmet needs in these regions. Smartphone ownership rates in emerging and developing nations climbed from a median of 21% in 2013 to a whopping 37% in 2015.

The explosive growth of chronic diseases, rising geriatric population, increasing healthcare expenditure, growing adoption of smart devices, are other factors driving the market. Technological convergence is expected to benefit the market as evident in the growing smartphone telehealth apps.

Restraints

Lack of awareness, poor communication infrastructure in developing regions, issues with bandwidth is the critical constraints on the market. The telehealth services also use

However, and unavailability or less availability of the required infrastructure in many parts of the world including the underdeveloped Asian and African regions may slow the growth of the market. Telehealth uses open systems and is multiplatform creating concerns for information and identity security. Thus encryption has emerged as the single most unmet need of the market.

More inquire at https://www.marketresearchfuture.com/enquiry/900 .

Segmentation of Global Telehealth Market:

Component - software, hardware (monitors, medical devices, and others), and others. Monitors are sub-segmented into blood pressure monitors, blood glucose monitors, ECG monitors, and others

Types - on-premises, web based, and cloud based

End users - hospitals & clinics, pharmaceutical companies, and others

Regional Analysis of Global Telehealth Market:

The global telehealth market is ruled by America owing to presence of large global players, greater demand due to developed infrastructure, established healthcare systems, rapid uptake of technology and concerns over healthcare costs.

the presence of huge geriatric population and large number of people suffering from diabetes and other chronic respiratory diseases.

Europe takes the second position for the global telehealth market led by Germany, France and others. The Scandinavian nations such as Norway, Finland and inceland are booming markets due to greater digital literacy and scarcity of trained manpower.

Europe is followed by Asia Pacific which is also expected to generate the fastest growth owing to the rapidly developing economies like China and India. However Japan dominates the Asia Pacific region in 2016. The Middle East and Africa are expected to generate moderate growth and are expected to be led by the gulf economies of UAE, Saudi Arabia, Qatar and others.

About us
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Market Research Future
P: +1 646 845 9312
W: www.marketresearchfuture.com
sales@marketresearchfuture.com

This release was published on openPR.