The telehealth market is experiencing significant growth as healthcare providers and patients increasingly adopt telecommunication technologies to improve patient care and satisfaction. By utilizing telehealth, physicians can treat their patients remotely from various locations, including medical facilities, hospitals, homes, or even during vacations, as long as they have internet connectivity. Telehealth encompasses health education services, doctor-patient consultations, evaluation and diagnosis of patients, and monitoring of vital signs in medical facilities.
A comprehensive industry analysis and forecast report titled "Global Telehealth Market - Industry Analysis and Forecast (2017-2024)" provides valuable insights into the market. The report examines the market's components, including software, hardware, and services, as well as the mode of delivery, such as web-based, cloud-based, and on-premises solutions. Furthermore, it explores various end users and geographies to aid in strategic business planning.
The telehealth market is projected to grow from USD 3.0 billion in 2016 to USD 16.23 billion by 2024, representing a compound annual growth rate (CAGR) of 23.5% between 2017 and 2024.
The report offers a detailed analysis of market definitions, key players, and their strategies. The market analysis includes a thorough segmentation based on components, modes of delivery, end users, and geography.
One of the key trends driving market growth is the increase in the prevalence of chronic diseases, such as diabetes and cardiovascular diseases. Additionally, there is a growing demand for self-care devices and solutions. However, the market may face challenges due to concerns related to legality, privacy, and security.
Within the telehealth market, the on-premises segment is expected to register the highest growth rate during the forecast period. This can be attributed to data security concerns and the customization features offered by on-premises delivery modes.
In terms of geography, the Asia Pacific (APAC) region is projected to witness a high growth rate in the telehealth market during the forecast period. APAC is expected to hold a substantial market share due to favorable initiatives promoting the adoption of telepathology in China. Additionally, countries like India, with a low doctor-patient ratio and high internet penetration, are likely to fuel the market growth in the APAC region.
The scope of the report encompasses an analysis based on components (software, hardware, and services), modes of delivery (web-based, cloud-based, and on-premises), end users (providers, payers, patients, and other end users), and geography (North America, Europe, Asia Pacific, Middle East, Africa, and Latin America).
Several key players operate in the telehealth market, including Vidyo, Inc., Intouch Health, American Well, AMD Global Telemedicine, Inc., Aerotel Medical Systems Ltd., Globalmedia Group, LLC, Medvivo Group Ltd., Cisco Systems, Inc., Cerner Corporation, Care Innovations (A Subsidiary of Intel Corporation), Tunstall Healthcare, Honeywell Life Care Solutions (A Honeywell International, Inc. Company), Medtronic PLC, and Philips Healthcare.
In conclusion, the global telehealth market is poised for significant growth as it continues to transform the healthcare industry by leveraging telecommunication technologies. With the potential to enhance patient care and satisfaction, telehealth presents numerous opportunities for healthcare providers and patients alike.
Comments
Post a Comment