Telehealth Market Size, Share, Trends Analysis, Growth Opportunities & Industry Forecast Research Report, 2020-2027

June 21 21:48 2021
The Global Telehealth Market is experiencing significant growth over the forecast period. This is attributed to continuous technological advancements in the telecommunication sector, the rising number of incidences of the shortage of physicians, and the growing need to expand healthcare access.

The augmenting requirement to enlarge healthcare access, the rising presence of chronic diseases and conditions, coupled with the ongoing technological improvements in the telecommunication sector, are the drivers accelerating the growth of the global telehealth market size. Also, the increasing number of initiatives taken by the government to promote the acceptance of telehealth is fuelling the market growth. With the surging prevalence of shortage of physicians, there has been a boost in the worldwide demand for telehealth. These factors together will strengthen the market share.

The widespread outbreak of the COVID-19 crisis has led to the vigorous demand for teleconsultants across several countries. The growing focus to maintain social distance and stay at home has stimulated government, hospitals, e-pharmacies, and companies to choose telemedicine to reduce the spread of the virus. Numerous telemedicine players have experienced a rise in demand for online doctor consultations because of the awareness resulted from the spread of the virus, thereby fuelling the market growth.

Request for a FREE Sample Report of Global Telehealth Market:

On the basis of component, the software & service segment is predicted to witness a faster CAGR over the forecast period. This is owing to the growing acquisition of telehealth solutions across the world. Additionally, the spread of the coronavirus pandemic is generating a hike in demand for telehealth software and services to avoid visiting clinics and hospitals physically.

Based on the end-user, the provider is expected to grow at a higher CAGR during the forecast period. The rising adoption of remote monitoring in old aged and chronically ill patients, accompanied by expanding the number of developments in the telehealth monitoring devices and growing the tele-specialty services proposed by providers, are the factors driving the market growth.

Based on application, the teleradiology segment is predicted to lead the market the telehealth market during the forecast period. This is because the intensifying imaging practices and escalating adoption of teleradiology by the healthcare providers are further boosting the market growth.

On the basis of the regional coverage, North America is anticipated to dominate the market over the forecast period. This is attributed to the augmenting incidences of chronic conditions, growing need to reduce healthcare spending, and rising geriatric population. Moreover, the increase in favorable policies and regulations by the government, along with the storage of educated and trained healthcare professionals, will bolster the market growth.

Various notable players operating in the market include Medtronic PLC, Honeywell Life Care Solutions, AMD Global Telemedicine Inc., Philips Healthcare, Tunstall Healthcare, Care Innovations, Globalmedia Group LLC, Cerner Corporation, Cisco Systems Inc., Medvivo Group Ltd., and Aerotel Medical Systems Ltd., among others.

Know more about the Global Telehealth Market:

The telehealth market is segmented into component, application, mode of delivery, end-user, and regions. Based on the component, the market has been segmented into software & services and hardware. Based on the application, the market has been segmented into teleradiology, telepsychiatry, telestroke, teleicu, teledermatology, teleconsultation, and other applications. Based on the mode of delivery, the market has been segmented cloud-based mode of delivery and on-premise mode of delivery. Based on the end-user, the market has been segmented into providers, payers, patients, and other end-users.

Telehealth Market Segmentation:

Global Telehealth Market by Component:

  • Software & services
    • Remote patient monitoring software and devices
    • Real-time interaction software & services
    • Store-and-forward software & services
    • Hardware
      • Medical peripheral devices
        • Blood pressure monitors
        • Blood glucose meters
        • Weight scales
        • Pulse oximeters
        • Peak flow meters
        • ECG monitors
        • Other devices
        • Monitors

Global Telehealth Market by Mode of Delivery:

  • Cloud-based
  • On-Premise

Global Telehealth Market by Application:

  • Teleradiology
  • Tele-consultation
  • Tele-ICU
  • Tele-stroke
  • Tele-psychiatry
  • Tele-dermatology
  • Others

Global Telehealth Market by End-user:

  • Providers
  • Payers
  • Patients
  • Others

Global Telehealth Market by Region:

  • North America Telehealth Market (Option 1: As a part of the free 25% customization)
    • North America Market by Component
    • North America Market by Mode of Delivery
    • North America Market by Application
    • North America Market by End-User
    • United States Telehealth Market
    • Canada Telehealth Market

 

  • Europe Telehealth Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Component
    • Europe Market by Mode of Delivery
    • Europe Market by Application
    • Europe Market by End-User
    • UK Telehealth Market
    • Germany Telehealth Market
    • France Telehealth Market
    • Spain Telehealth Market
    • Rest of Europe Telehealth Market

 

  • Asia-Pacific Telehealth Market (Option 3: As a part of the free 25% customization)
    • Rest of Europe Telehealth Market
    • Asia-Pacific Market by Component
    • Asia-Pacific Market by Mode of Delivery
    • Asia-Pacific Market by Application
    • Asia-Pacific Market by End-User
    • China Telehealth Market
    • India Telehealth Market
    • Japan Telehealth Market
    • Rest of APAC Telehealth Market

 

  • RoW Telehealth Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Component
    • RoW Market by Mode of Delivery
    • RoW Market by Application
    • RoW Market by End-User
    • Brazil Telehealth Market
    • South Africa Telehealth Market
    • Saudi Arabia Telehealth Market
    • UAE Telehealth Market
    • Rest of world (remaining countries of the LAMEA region) Telehealth Market

Our Other Relevant Reports :

  1. Telemedicine Market

  2. Nutraceuticals Market

 

About GMI Research

GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: Send Email
Phone: Europe: +353 1 442 8820, U.S: +1 860 881 2270
City: Dublin
Country: Ireland
Website: https://www.gmiresearch.com

  Categories: