Global Telehealth/Telemedicine Market Will Reach USD $12,105.2 million by 2023: Meticulous Research®

Telehealth/Telemedicine Market By Component (Service, Software, Device), Mode Of Delivery (On Premise, Web, Cloud), Application (Radiology, Cardiology, Primary/Urgent Care, ICU, Mental Health), End User (Physician, Payor, Patient) – Global Forecast To 2023

London, United Kingdom - September 6, 2018 /MarketersMedia/ —

Global telehealth & telemedicine market has shown strong growth pattern in recent years majorly due to improving health IT infrastructure, aging population & rising prevalence to chronic diseases, increasing awareness about benefits of telemedicine, favorable government initiatives & reforms/policies, and shortage of healthcare professionals. In addition to this emergence of mobile health (mHealth) and other wireless technologies in medical care, and emerging economic regions like Aisa Pacific & Latin America that offers lucrative opportunities in near future helps telehealth/telemedicine market grow further.

Meticulous Research® in its latest publication on Telehealth/Telemedicine Market states that the global telehealth/telemedicine market will increase at a CAGR of 23.0% from 2018 to 2023 to reach USD 12,105.2 million by 2023. Wherein, geographically, North America commanded the largest share of the global telehealth market in 2017. Dominance of this region is primarily accounted to the rising need to curb growing healthcare costs, government initiatives supporting adoption of telemedicine, growth in geriatric population and increasing prevalence of chronic diseases, shortage of healthcare professionals, focus on increasing healthcare access to underserved/rural populations, established healthcare IT infrastructure, funding for telehealth, and presence of several key players in this region.

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The report provides meticulous analysis of global telehealth/telemedicine market by segmenting it on the basis of component (services, software, and hardware), deployment model (web & cloud based, and on-premise), application (radiology, cardiac monitoring, primary/urgent care, neurophysiological monitoring, remote ICU, mental health, and others), and end user (healthcare providers, and healthcare payers). Among components, services dominate the global telehealth market. This is mainly due to increasing adoption of telehealth services by patients in remote/ rural areas, shortage of physicians, advancements in telecommunication and mobile technology, government policies supporting adoption of telehealth services, and rapidly growing demand for telebehavioral health and remote ICU services.

While among deployment model web and cloud based segment holds major share in this market due the benefits offered by this model such as storage flexibility, anywhere accessibility, cost effectiveness, easy scalability, disaster recovery, and automated software up gradations. In terms of application areas, radiology and cardiac monitoring segments are expected to dominate the telehealth market majorly due to increased population with chronic disorders. Healthcare providers have emerged as the major end user of telehealth/ telemedicine majorly due to the move toward value versus volume, emphasis on population health management, rising patient volume requiring care at home, need to reduce healthcare costs, growing geriatric population, increasing adoption of digital health technology, and growing availability of provider specific telehealth solutions.

The key players analyzed in the global telehealth/telemedicine market are Aerotel Medical Systems, AMD Global Telemedicine, Inc., American Well, Care Innovations (Intel Corporation and GE Healthcare), Cerner Corporation, Chunyu Doctor, Cisco Systems, Inc., Doctor on Demand, Honeywell Life Care Solutions, InTouch Technologies, Inc., MDLive Inc., Medtronic PLC, Philips Healthcare, Omron Corporation, Polycom, Inc., Sherpaa Health, Siemens Healthineers, SnapMD, Inc. Teladoc, Inc., Vidyo, Inc., Zipnosis, BioTelemetry, Inc, Welch Allyn, Inc., Lemonaid Health, Encounter Telehealth, and CareClix among others.

Browse in-depth Report on https://www.meticulousresearch.com/product/telehealth-telemedicine-market/

Key Topics Covered in This Report:

1. Introduction
2. Research Methodology
3. Executive Summary
4. Market insights
5. Telehealth Market, by Component
5.1. Introduction
5.2. Services
5.2.1. Remote Monitoring
5.2.2. Real-Time Interactions
5.2.3. Store-and-Forward Consultations
5.3. Software
5.3.1. Standalone Software
5.3.2. Integrated Software
5.4. Hardware
5.4.1. Monitors
5.4.2. Medical Peripheral Devices
5.4.2.1. Blood Pressure Monitors
5.4.2.2. Blood Glucose Monitors
5.4.2.3. Weighing Scales
5.4.2.4. Pulse Oximeters
5.4.2.5. Peak Flow Meters
5.4.2.6. ECG Monitors
5.4.2.7. Other Devices
6. Telehealth Market, by Deployment Model
7. Telehealth Market, by Application
8. Telehealth Market, by End User
9. Telehealth Market, by Geography
10. Competitive Landscape
11. Company Profiles (Business Overview, Financials, Product/Service Portfolio, Strategic Developments)
12 Appendix

Key questions answered in the report-

- Which are the high growth market segments in terms of component, deployment model, application, end users, and -region/countries?
- What was the historical market for telehealth solutions across the globe?
- What are the market forecasts and estimates for the period 2018-2023?
- What are the major drivers, restraints, opportunities, and challenges in the global telehealth market?
- Who are the major players in the global telehealth market?
- How is the competitive landscape and who are the market leaders in the global telehealth market?
- What are the recent developments in the global telehealth market?
- What are the different strategies adopted by the major players in the global telehealth market?
- What are the geographical trends and high growth regions/ countries?
- Who are the local emerging players in the global telehealth market and how do they compete with the global players?

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About Meticulous Research®

Meticulous Research® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicated market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Meticulous Research® produces global reports and custom studies for North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa regions. These reports are used by our clients for marketing and strategic planning in various sectors.

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