Technavio has been monitoring the telehealth market and it is poised to grow by USD 95.72 billion during 2020-2024, progressing at a CAGR of 25% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Telehealth Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
At what CAGR is the market projected to grow in the forecast period 2020-2024?
Growing at a CAGR of over 25%, the market growth will accelerate in the forecast period of 2020-2024.
What is the key factor driving the market?
Growing prevalence of chronic illnesses is one of the key factors driving the market growth.
Who are the top players in the market?
American Well Corp., Cisco Systems Inc., Doctor On Demand Inc., Enghouse Systems Ltd., General Electric Co., Honeywell International Inc., Koninklijke Philips NV, MDLIVE Inc., Medtronic Plc, and Teladoc Health Inc. are some of the major market participants.
Which region is expected to hold the highest market share?
What is the major trend in the market?
Growing number of M&A is a major trend driving the market growth.
What is the year-over-year growth rate of the global market?
The year-over-year growth rate for 2020 is estimated at 24.11%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. American Well Corp., Cisco Systems Inc., Doctor On Demand Inc., Enghouse Systems Ltd., General Electric Co., Honeywell International Inc., Koninklijke Philips NV, MDLIVE Inc., Medtronic Plc, and Teladoc Health Inc. are some of the major market participants. The growing prevalence of chronic illnesses will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Telehealth Market 2020-2024: Segmentation
Telehealth Market is segmented as below:
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Telehealth Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our telehealth market report covers the following areas:
Telehealth Market size
Telehealth Market trends
Telehealth Market analysis
This study identifies the growing number of M&A as one of the prime reasons driving the telehealth market growth during the next few years.
Telehealth Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the telehealth market, including some of the vendors such as American Well Corp., Cisco Systems Inc., Doctor On Demand Inc., Enghouse Systems Ltd., General Electric Co., Honeywell International Inc., Koninklijke Philips NV, MDLIVE Inc., Medtronic Plc, and Teladoc Health Inc. Backed with competitive intelligence and benchmarking, our research reports on the telehealth market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Telehealth Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist telehealth market growth during the next five years
Estimation of the telehealth market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the telehealth market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of telehealth market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product placement
Services - Market size and forecast 2019-2024
Solutions - Market size and forecast 2019-2024
Market opportunity by Product
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
Asia - Market size and forecast 2019-2024
ROW - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market positioning of vendors
American Well Corp.
Cisco Systems, Inc.
Doctor On Demand, Inc.
Enghouse Systems Ltd.
General Electric Co.
Honeywell International Inc.
Koninklijke Philips NV
Teladoc Health Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201002005044/en/