The Report “ Telehealth Market by Component (Services (Remote Monitoring, Real-time Interactions), Hardware (Blood Glucose Monitors), Software (Integrated)), Mode of Delivery (Cloud, Web), End User (Providers, Payers, Patients) & Region – Global Forecast to 2021.”
The growth of the industry can be attributed to growth in geriatric population, dearth of healthcare professionals worldwide, improvements in telecommunication infrastructure, technological advancements, increasing utilization of connected devices for the management of chronic diseases, and need for affordable treatment options due to rising healthcare costs.
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Philips Healthcare (The Netherlands), Medtronic plc (Ireland), Honeywell Life Care Solutions (U.S.), Tunstall Healthcare (U.K.), Care Innovations (U.S.), Cerner Corporation (U.S.), Cisco Systems, Inc. (U.S.), Medvivo Group Ltd. (U.K.), GlobalMedia Group, LLC (U.S.), Aerotel Medical Systems Ltd. (Israel), AMD Global Telemedicine, Inc. (U.S.), American Well (U.S.), InTouch Health (U.S.), and Vidyo, Inc. (U.S.) are some of the key players in the telehealth market worldwide.
By component, the global market is categorized into services, software, and hardware. The services segment is estimated to account for the largest share of the global market. This can be attributed to the increasing adoption of remote monitoring solutions by patients in remote rural areas, technological advancements in telecommunication, and introduction of ACA and similar legislations in the U.S. The software segment, on the other hand, is an integral part of telehealth solutions and works as an interface between the database and end users. Owing to this, the software segment is expected to witness the highest growth in the forecast period (2016-2021).
On the basis of region, this market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to account for the largest share of the market in 2016. The U.S., is the largest market in North America, owing to the rising healthcare costs, upcoming regulatory policies, rising prevalence of chronic diseases, shortage of physicians, growth in geriatric population, implementation of the Affordable Care Act (ACA), and increasing funding for telehealth. In Canada, the growth of the market is driven by the rising healthcare spending, increasing usage of mobile devices, and growing number of conferences and events that are generating awareness about telehealth services in the country. However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. This can be attributed to the growth in geriatric population in Japan, Japan’s ICT fund to support the adoption of HCIT solutions, favorable initiatives for the adoption of telepathology in China, and low doctor-patient ratio and high internet penetration in India. Furthermore, increasing number of HCIT programs and rising prevalence of chronic diseases in Australia; growing medical tourism in India, Malaysia, Singapore, and Thailand; and increasing funding for telehealth in Australia are additional drivers for the market in the Asia-Pacific region.
The global market is expected to be dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is expected to grow at the highest rate during the forecast period.
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[208 Pages Report] The overall for Telehealth Market is projected to reach $9.35 billion by 2021 from $2.78 billion in 2016, at a CAGR of 27.5% in the next five years (2016 to 2021).
The growth of the industry can be attributed to growth in geriatric population, dearth of healthcare professionals worldwide, improvements in telecommunication infrastructure, technological advancements, increasing utilization of connected devices for the management of chronic diseases, and need for affordable treatment options due to rising healthcare costs.
Download a FREE Pdf Broucher @:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=201868927
Philips Healthcare (The Netherlands), Medtronic plc (Ireland), Honeywell Life Care Solutions (U.S.), Tunstall Healthcare (U.K.), Care Innovations (U.S.), Cerner Corporation (U.S.), Cisco Systems, Inc. (U.S.), Medvivo Group Ltd. (U.K.), GlobalMedia Group, LLC (U.S.), Aerotel Medical Systems Ltd. (Israel), AMD Global Telemedicine, Inc. (U.S.), American Well (U.S.), InTouch Health (U.S.), and Vidyo, Inc. (U.S.) are some of the key players in the telehealth market worldwide.
By component, the global market is categorized into services, software, and hardware. The services segment is estimated to account for the largest share of the global market. This can be attributed to the increasing adoption of remote monitoring solutions by patients in remote rural areas, technological advancements in telecommunication, and introduction of ACA and similar legislations in the U.S. The software segment, on the other hand, is an integral part of telehealth solutions and works as an interface between the database and end users. Owing to this, the software segment is expected to witness the highest growth in the forecast period (2016-2021).
On the basis of region, this market is categorized into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to account for the largest share of the market in 2016. The U.S., is the largest market in North America, owing to the rising healthcare costs, upcoming regulatory policies, rising prevalence of chronic diseases, shortage of physicians, growth in geriatric population, implementation of the Affordable Care Act (ACA), and increasing funding for telehealth. In Canada, the growth of the market is driven by the rising healthcare spending, increasing usage of mobile devices, and growing number of conferences and events that are generating awareness about telehealth services in the country. However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. This can be attributed to the growth in geriatric population in Japan, Japan’s ICT fund to support the adoption of HCIT solutions, favorable initiatives for the adoption of telepathology in China, and low doctor-patient ratio and high internet penetration in India. Furthermore, increasing number of HCIT programs and rising prevalence of chronic diseases in Australia; growing medical tourism in India, Malaysia, Singapore, and Thailand; and increasing funding for telehealth in Australia are additional drivers for the market in the Asia-Pacific region.
The global market is expected to be dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is expected to grow at the highest rate during the forecast period.
To speak our Analyst @:https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=201868927
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