Market
Scenario:
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.
The
global telehealth market is driven by increasing prevalence of chronic
diseases, rising geriatric population, and continuous development in the
healthcare technology; as per statistics, more than 50% of the total globe
population have some or other chronic disease. Moreover, rapid development in
the technology, increasing healthcare expenditure, and increasing need for the
home based devices have fuelled the market growth. However, lack of
awareness 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.
The
global teleheatlh market is expected to grow at a healthy CAGR of 29.8% during
the forecasted period.
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.
Regional
analysis
On the
regional basis the global telehealth market is dominated by America owing to
the presence of huge geriatric population and large number of people suffering
from diabetes and other chronic respiratory diseases. Among all the regions
in the world, the U.S. has been the first choice for the deployment of
telehealth solutions due to established healthcare systems and technology
advancement. It has gained a significant position in the global market with the
increase in large numbers of telehealth services which target at wellness and
fitness. Thus, these telehealth solutions help in cost reduction, saves time by
reducing visits to physicians, and provides better healthcare systems. In Addition to this, well
developed healthcare sector and high healthcare spending has contributed in the
growth of the market. Europe accounts for the second largest market for the
global telehealth market which is followed by Asia Pacific. The Germany is
dominating the connected healthcare deployments in Europe, with different kinds
of solutions being offered and services being delivered through varied means,
from simple messages to much more complex apps. Asia pacific has the fastest
growth market due to the presence of rapidly developing economies like China
and India. However, the Middle East and Africa has the least share in the
market.
Key
players
Some of
the major players in the global telehealth market
are Koninklijke Philips N.V. (the Netherlands), Medtronic (Ireland),
General Electric Company (UK), McKesson Corporation (US), Care Innovations,
LLC. (US), Cerner Corporation (US), GlobalMedia Group, LLC (US), Siemens
Healthcare Private Limited (US), AMD Global Telemedicine, Inc. (US), InTouch
Technologies, Inc. (US).
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Detailed
Table of Contents:
Chapter 1. Report Prologue
Chapter 2. Market
Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research
Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor
Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
5.1.2 Bargaining Power Of Buyers
5.1.3 Threat Of New Entrants
5.1.4 Threat Of Substitutes
5.1.5 Intensity Of Rivalry
...Continued
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