The delivery and facilitation of health and health-related services, such as medical care, provider and patient education, health information services, and self-care, using telecommunications and digital communication technology is known as telehealth. Technologies utilized in telehealth include live video conferencing, mobile health apps, “save and forward” electronic transmission, and remote patient monitoring (RPM).
Telehealth Market was valued at US$ 90.7 Bn. in 2021. Global Telehealth Market size is expected to grow at a CAGR of 31.5 % through the forecast period.
Telehealth Market Overview:
This Telehealth market study looks at current and emerging industry trends and dynamics in the global Telehealth market. Telehealth Extensive market forecasting for the major market segments is carried out between 2021 and 2027. Extensive Telehealth market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Telehealth market, key players are profiled and their strategies are thoroughly evaluated.
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Telehealth Market Scope:
The analysis contains a current examination of the present Telehealth market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Telehealth market environment. Increased demand for Telehealth is driving the market. The Telehealth market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
Segmentation:
Based on Product Type, the Telehealth Market is segmented into Software, Services, and Hardware. The market was dominated by the services product type category, which had the highest market share of 47% in 2021. The demand for telehealth applications in chronic disease management and real-time monitoring, quick developments in digital infrastructure, rising internet and smartphone penetration, and innovations in hardware and software components are propelling the segment’s growth.
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Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
- MDLIVE (US)
• Medtronic (Ireland)
• GE Healthcare (US)
• Cerner Corporation (US)
• Siemens Healthineers (Germany)
• Cisco Systems (US)
• Asahi Kasei Corporation (Japan)
• Teladoc Health (US)
• American Well (US)
• AMC Health (US)
• Doctor on Demand (US)
• Medvivo (UK)
• Iron Bow Technologies (US)
• TeleSpecialists (US)
• GlobalMed (US)
• Medweb (US)
• IMEDIPLUS (Taiwan)
• VSee (US)
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Telehealth market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Telehealth Market:
The COVID-19 epidemic has had a significant impact on the global Telehealth industry. Telehealth Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Telehealth market to decelerate in 2020. The negative impact of COVID-19 on the Telehealth market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2021, owing to increased demand for Telehealth .
Key Questions Answered in the Telehealth Market Report are:
- Which segment was responsible for the largest share in the Telehealth market?
- How was the competitive scenario of the Telehealth market in 2020?
- Which are the key factors responsible for the Telehealth market growth?
- Which region held the maximum share in the Telehealth market in 2020?
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