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Global Telehealth Market is Expected to Reach $82.03 Billion by 2027

GAITHERSBURG, Maryland, April 21, 2020 /PRNewswire/ -- According to Stratistics MRC, the Global Telehealth market is accounted for $18.63 billion in 2018 and is expected to reach $82.03 billion by 2027 growing at a CAGR of 17.9% during the forecast period.

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Some of the key players in Telehealth Market include Abbott, Advantage Home Telehealth, Aerotel Medical Systems, Ambio, AMC Healthcare, AMD Global Telemedicine, American Telecare, AuthentiDate, Avizia, Biolight, Biotronik , BodyTel, Boston Scientific, Care Innovations, Constant Care Technology, Docobo Ltd, GE Healthcare, GlobalMed Telemedicine  and Honeywell Life Sciences.

Some of the key factors propelling the market growth are increasing population and need to expand healthcare access and improves healthcare quality. However, use of social media in developing and underdeveloped countries is the restraining factor for the growth of the market.

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Telehealth is the utilize of digital information and communication technology to admittance healthcare services distantly for the organization of health. Telehealth connect patients to basic healthcare services through remote monitoring, video conferencing, electronic consultations and wireless communications.

By end user, providers segment is expected to grow at the significant market share during the forecast period owing to the increased acceptance of isolated monitoring in chronically ill and older aged patients advancement in telehealth monitoring strategy and the augmented number of tele-specialty services existing by providers.

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On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to rapidly growing component of healthcare in the United States. Treatment of chronically ill patients constitutes nearly four-fifths of the US healthcare spending. This is hampered by a fragmented delivery system and discontinuity of care. The adoption of telemedicine has improved care management, patient quality of life, and reduced healthcare spending.

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Components Covered:

  • Product
  • Services
  • Hardware
  • Software

Modalities Covered:

  • Store and Forward
  • Remote Patient Monitoring
  • Real Time

Mode Of Deliveries Covered:

  • On-Premise Mode Of Delivery
  • Cloud-Based Mode Of Delivery
  • Web

Applications Covered:

  • Telestroke
  • Teleradiology
  • Telepsychiatry
  • Teleicu
  • Teledermatology
  • Teleconsultation
  • Telemedicine
  • Continuous Medical Education
  • Radiology
  • Cardiology
  • Urgent Care
  • Remote ICU
  • Psychiatry
  • Dermatology
  • Remote Intensive Care Unit

End Users Covered:

  • Patients
  • Payers
  • Providers
  • Homecare
  • Healthcare Facilities
  • Hospital and Clinics
  • Diagnostic Centers

Regions Covered:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

What our report offers:

- Market share assessments for the regional and country-level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC

We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

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SOURCE Stratistics Market Research Consulting Pvt Ltd