Global Telehealth Market Size study, by Delivery (Web Based, Cloud Based, On-Premise), End User (Providers, Patients, Payers, Other End Users), Component (Services, Software, Hardware, Others) and Regional Forecasts 2020-2026
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Product Code:
RP-ID-10321992 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
200 -
Category:
Healthcare & Pharmaceuticals -
Publisher:
Pub-ID-14
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
Translate Report
Global Telehealth Market is valued approximately USD 321.14 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 17.3% over the forecast period 2019-2026.Telehealth involves the use of digital information and communication technologies as mobile devices, to access health-related services and solutions. . Further, two healthcare experts can share information of specific case of a patient over telephone ongoing with a robotic surgery between healthcare centers located at a different location on the globe. The Telehealth market is primarily driven owing to surging number of surgeries occurring among both the male and female population, rising number of chronic diseases, favorable government steps & initiatives towards telemedicine and rising rate of aging population. The rising number of chronic diseases fuels the rate of patient’s treatment and diagnosis that paves the way towards the development and growth of the telehealth market. For Instance: According to the International Agency for Research on Cancer (IARC), in 2018, there were around 17.0 million new cancer cases and 9.5 million cancer deaths registered throughout the world. Also, the global burden of cancer is expected to grow to almost 27.5 million new cancer cases and 16.3 million cancer deaths by 2040. Thus, this results in the development of a telehealth intervention which is positively influencing the development and growth of telehealth market. However, low success rate in minimizing outpatient attendance impedes the growth of the market over the forecast period of 2020-2026.
The regional analysis of global Telehealth market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the surging number of surgeries along with favorable steps taken by governments towards providing telehealth solutions. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rising number of chronic diseases along with rising aging population would create lucrative growth prospects for the Telehealth market across Asia-Pacific region.
Major market player included in this report are:
Philips Healthcare
Medtronic PLC
Honeywell Life Care Solutions
Tunstall Healthcare
Care Innovations
Cerner Corporation
Cisco Systems, Inc
Medvivo Group Ltd
AMD Global Telemedicine, Inc
Intouch Health
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Delivery:
Web Based
Cloud Based
On-Premise
By End-User:
Providers
Patients
Payers
Other End-Users
By Component:
Services
Software
Hardware
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 20198
Forecast period – 2020 to 2026
Target Audience of the Global Telehealth Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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Medtronic PLC
Honeywell Life Care Solutions
Tunstall Healthcare
Care Innovations
Cerner Corporation
Cisco Systems, Inc
Medvivo Group Ltd
AMD Global Telemedicine, Inc
Intouch Health