The Global Telehealth Market Research Report Forecast 2020 – 2024 provides a comprehensive analysis of the market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of the global industry. It provides an in-depth study of the Telehealth market by using SWOT analysis. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The global telehealth market is forecasted to reach US$20.18 billion in 2024, growing at a CAGR of 7.95% for the period spanning 2020-2024.
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Top Key Players in the Global Telehealth Market: Honeywell International Inc., Koninklijke Philips N.V., Teladoc Health, Inc., Medtronic Plc, Aerotel Medical Systems and American Well.
The factors such as rising chronic respiratory disease incidence, increasing geriatric population, inclining personal healthcare expenditures, growing possession of smartphones, escalating online consultants in China and supportive government policies are expected to drive the market. However, the growth of the industry would be challenged by the lack of utilization and low consumer awareness. Few notable trends include increasing telecare systems in Europe, rising consolidation activities, growing funding deals, high demand of B2B2C/DTC telehealth model and surging adoption of big data. In 2020, the outbreak of COVID-19 pandemic has created a favorable impact on the telehealth market as the demand for this technology has increased rapidly.
On the basis of segments, telehealth is classified into hardware (it integrates with software so that patients can connect to remote providers and enable remote examinations), software (it comprises of technologies which are used to store, share and analyse health information) and services which includes healthcare providers who offer remote monitoring of the patient, consumer health communication & information and medical education.
The fastest growing regional market is North America due to the rising aging population, growing demand for telehealth monitoring hardware (blood pressure meters, blood glucose meters, weight scale, pulse oximeters & peak flow meters) and the launch of various subsidies to this industry by government in region. The U.S. represents one of the largest markets and is already well-penetrated at developed market levels.
Regional Analysis for Market:
For a comprehensive understanding of market dynamics, the global Telehealth market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.
This Telehealth Market statistical surveying report underlines the leading merchants in this market everywhere throughout the world. This sector of the report includes market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue. In a comparable way, automated gathering, upstream raw materials, and downstream demand studies are administered.
Browse Complete Report details with Table of Content:
Influence of the Telehealth Market report:
-Comprehensive assessment of all opportunities and risks in the Telehealth Market.
-Telehealth Market recent innovations and major events.
-A Detailed study of business strategies for the growth of the Telehealth Market-leading players.
-Conclusive study about the growth plot of Telehealth Market for forthcoming years.
-In-depth understanding of Telehealth Market -particular drivers, constraints and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Telehealth Market.
The research includes historic data from 2015 to 2020 and forecasts until 2024 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
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