Telehealth Market 2023 Leading Players | Siemens Healthcare, Medtronic, McKesson Co, Care Innovations

The Global Telehealth Market is anticipated to develop at a wholesome CAGR of 29.8% during the forecasted period 2018-2023.

Telehealth or telemedicine is a mode of delivering health care services to patients by using communication technologies to facilitate the diagnosis, treatment, consultation, education care management, and others. Telehealth acts as a bridge to improve the relationship between patient and healthcare providers as well as for improving patient satisfaction & behavioural changes by providing healthcare guidance and treatment. It provides self-management and caregiver’s support to the patients. Telehealth is used to monitor the chronic diseases as well as to monitor disease from home.

There are tremendous benefits offered by the telehealth solutions. Some of these include improved access to the patients; telehealth can allow us to provide healthcare services to the patients situated in distant locations. It also allows physicians & doctors to expand their reach and services beyond their clinics. Telehealth services have also proved to be cost effective with increased efficiency through better management of chronic diseases. And also it reduces the travel time for the patients which further reduced costs for the patients. All these advantages have attracted healthcare services providers to adopt telehealth technologies and the demand for the same has been on the rise ever since.

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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. The global telehealth market is highly fragmented with the presence of many local and international players. Whereas, local players are more focused on the cost reduction and innovation to ensure sustainability in the global market. On the other hand, the international players implemented growth strategies through collaborations and partnerships with the small players to expand their global market share.

Koninklijke Philips N.V., headquartered in the Netherlands, focused on electronics and healthcare. The company manufactures a number of telehealth devices used in hospital and at home. Some of the major telehealth softwares developed by the company: eICU Outreach Program, eCareManager, eCareCoordinator.

Medtronic, headquarters in Dublin, Ireland, is a medical device company. The company is one of the world's largest standalone medical technology developers. In 2017, Medtronic Care Management Services (MCMS) awarded a national contract from the U.S. Department of Veterans Affairs (VA) for Home Telehealth Technologies.

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Segmentation:

The global telehealth market is segmented on the basis of components, types, and end users.

On the basis of component, the market is segmented into hardware, software, and others. Hardware is further segmented into monitors, medical devices, and others. Monitors are further segmented into blood glucose monitors, blood pressure monitors, ECG monitors, and others.

On the basis of types, the market is segmented into web based, on-premises, and cloud based. On the basis of end users the market is segmented into hospitals & clinics, pharmaceutical companies, and others.

Key Questions Answered In This Report

What will the market size and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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