Telehealth Market Analysis - 2019 - 2028
Telehealth is a form of digitalized healthcare facility used to perform monitoring tests and to record live patient data for testing the various parameters such as vital signs, cardiac events, respiratory, neurology, and other indications or for general physician consultation. It is used to improve accessibility to healthcare services through digital consultations or remote monitoring. The market for telehealth is projected to grow at a significantly high CAGR of around 17.06% over the forecast period, i.e., 2021-2028. Moreover, the market accounted for a market value of about USD 31,193.46 million in 2019 and is anticipated to grow further by 2028 as a result of the rising demand for advanced diagnostics across the world during this period.
The market for telehealth market is segmented by deployment, by component, by mode of delivery, by application, by end user and by region. On the basis of application, the market is segmented into radiology, cardiology, neurology, orthopedics, pediatrics, general physician applications and others. According to the Centers for Disease Control and Prevention (CDC), an estimated 6 in 10 adults in the United States suffer from chronic diseases and around 4 out of 10 people have two or more such disorders. The segment for cardiology is estimated to lead the market over the next few years on the back of rise in cardiovascular disorders across the globe which is generating a high demand for frequent physician consultations and services such as cardiac telemetry for frequent monitoring.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The telehealth market is anticipated to hold the largest share in North America and is estimated to further grow in the next few years. The growth in this region can be attributed to the rising investments towards healthcare by government and private entities to ensure high quality healthcare at numerous healthcare facilities. On the other hand, the market in Europe is anticipated to grow on the back of increasing innovation in healthcare and medical treatment methods, resulting in a rising demand for effective monitoring products in the region.
Some of the key industry leaders in the global telehealth market are Teladoc Health, Aerotel Medical Systems, AMD Global Telemedicine, InTouch Technologies Inc., Vidyo, Siemens Healthineers AG, Medtronic, Resideo Technologies, Inc., Cerner Corporation, Philips Healthcare and Aerotel Medical Systems.
Telehealth is a form of digitalized healthcare facility used to perform monitoring tests and to record live patient data for testing the various parameters such as vital signs, cardiac events, respiratory, neurology, and other indications or for general physician consultation. It is used to improve accessibility to healthcare services through digital consultations or remote monitoring. The market for telehealth is projected to grow at a significantly high CAGR of around 17.06% over the forecast period, i.e., 2021-2028. Moreover, the market accounted for a market value of about USD 31,193.46 million in 2019 and is anticipated to grow further by 2028 as a result of the rising demand for advanced diagnostics across the world during this period.
The market for telehealth market is segmented by deployment, by component, by mode of delivery, by application, by end user and by region. On the basis of application, the market is segmented into radiology, cardiology, neurology, orthopedics, pediatrics, general physician applications and others. According to the Centers for Disease Control and Prevention (CDC), an estimated 6 in 10 adults in the United States suffer from chronic diseases and around 4 out of 10 people have two or more such disorders. The segment for cardiology is estimated to lead the market over the next few years on the back of rise in cardiovascular disorders across the globe which is generating a high demand for frequent physician consultations and services such as cardiac telemetry for frequent monitoring.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The telehealth market is anticipated to hold the largest share in North America and is estimated to further grow in the next few years. The growth in this region can be attributed to the rising investments towards healthcare by government and private entities to ensure high quality healthcare at numerous healthcare facilities. On the other hand, the market in Europe is anticipated to grow on the back of increasing innovation in healthcare and medical treatment methods, resulting in a rising demand for effective monitoring products in the region.
Some of the key industry leaders in the global telehealth market are Teladoc Health, Aerotel Medical Systems, AMD Global Telemedicine, InTouch Technologies Inc., Vidyo, Siemens Healthineers AG, Medtronic, Resideo Technologies, Inc., Cerner Corporation, Philips Healthcare and Aerotel Medical Systems.
Table of Contents
Global Telehealth Market2. Assumptions And Acronyms3. Research Methodology4. Executive Summary - Global Telehealth Market6. Key Market Opportunities8. Impact Of Covid-19 On Telehealth And Overall Healthcare Industry9. Common Business Model For Telehealth10. Epidemiology Analysis13. Strategic Recommendations
1. Introduction
5. Market Dynamics
7. Telehealth -Risk Analysis
11. Telehealth Market Outlook
12. Competitive Structure
Companies Mentioned
- Teladoc Health
- Aerotel Medical Systems
- AMD Global Telemedicine
- InTouch Technologies Inc.
- Vidyo
- Siemens Healthineers AG
- Medtronic
- Resideo Technologies Inc.
- Cerner Corporation
- Philips Healthcare
- Aerotel Medical Systems
