Global Telehealth Market Forecast to 2028
Emergen Research's latest market research report, titled Global Telehealth Market, provides estimated market size and shares, latest industry trends, global market growth rates, key drivers and opportunities, constraints, product segmentation, and major market players. Cost structure, market size, competitive landscape, product portfolio and specifications, and company profiles.
The global telehealth market size reached USD 70.5 Billion in 2020 and is expected to register a revenue CAGR of 29.2% during the forecast period, according to latest analysis by Emergen Research.The global telehealth market size reached USD 70.5 Billion in 2020 and is expected to register a revenue CAGR of 29.2% during the forecast period, according to latest analysis by Emergen Research.
Some of the key reasons driving the market's revenue growth are rising healthcare costs and the incidence of chronic disorders. Further propelling market growth include a large rise in government spending on the healthcare information technology (HCIT) sector and a growing commitment from major firms to bringing innovation to digital diagnostics. Furthermore, it is anticipated that future expansion will be profitable due to ongoing developments in medical diagnostic technology.
Patients now have greater demand for telemedicine consultations as a result of the COVID-19 pandemic. Through its various projects and efforts, Apollo TeleHealth, for instance, has recorded a tripling of the demand for teleconsultations since the COVID-19 lockdown began in March 2020. The telehealth market is expanding as a result of several factors.
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Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
Koninklijke Philips N.V., Medtronic, GE Healthcare, Cerner Corporation, Siemens Healthineers, Cisco Systems, Inc., Teladoc Health Inc., American Well, AMC Health, MDLive, Doctor on Demand, and Medvivo Group Ltd
Market Dynamics:
The report offers insightful information about the market dynamics of the Telehealth market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Telehealth market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Telehealth market.
Radical Highlights of the Telehealth Market Report:
- Comprehensive overview of the Telehealth market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and RD advancements on the Telehealth market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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Telehealth Market Segmentation:
Market Overview:
The report bifurcates the Telehealth market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Type Outlook (Revenue, USD Billion; 2018–2028)
- Tele-Home
- Tele-Hospital
Component Outlook (Revenue, USD Billion; 2018–2028)
- Services
- Remote Patient Monitoring
- Store-and-forward
- Live Video-Conferencing
- Mobile Health
- Software
- Integrated Software
- Standalone Software
- Hardware
- In-home Messaging Device
- Video Telemonitor
- Interactive Voice Response (IVR)
- Medical Peripheral Devices
- Blood Pressure Monitors
- Blood Glucose Monitors
- Weighing Scales
- Pulse Oximeters
- Peak Flow Meters
- ECG Monitors
- Other Devices
- Services
Deployment Model Outlook (Revenue, USD Billion; 2018–2028)
- Web Cloud-based
- On-premises
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the Telehealth Market report is an exhaustive database that will help readers formulate lucrative strategies. The Telehealth Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Telehealth market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Telehealth with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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