Global Telehealth Market Predicted to Surge at a Notable CAGR of 13% during Forecast 2017 – 2025

Published on : Apr 26, 2018

Albany, New York, April 26, 2018: Across the world, Telehealth services are growing in popularity due to both the convenience and proven effectiveness associated with it. The global market discussion on telehealth has been added to the massive database of Market Research Hub (MRH), which is titled as “Telehealth Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”. According to the research findings, the global telehealth market was valued at US$ 6.0 Bn in 2016 and is projected to expand at a CAGR of 13.0% from 2017 to 2025 to reach US$ 19.5 Bn by 2025.

Research Enclosure

This 240-pages study covers information regarding all the trends and technologies playing a major role in the telehealth market growth over the mentioned forecast period. Initially, the market overview section presents an executive summary, which includes a market snapshot that provides information about various segments of the market. Moreover, it highlights the drivers, restraints and opportunities expected to influence the market growth during this period. In order to understand the geographical presence of the cloud encryption market, the report studies market’s performance in North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.

In order to provide a comprehensive view of the market, the global telehealth market has been segmented based on component, application, end-user, and region. In terms of component, the services segment is expected to continue to dominate the market during the forecast period. Moreover, major applications include Radiology, Psychiatry, Remote ICU, Cardiology, Dermatology, Urgent Care and others. Of them, the radiology segment is projected to account for a high share in the coming years.

Key Dynamics

•    Presently, increase in geriatric population, the rise in prevalence of chronic diseases such as diabetes, cardiovascular diseases, and others, surge in demand for self-care devices/solutions, and technological advancement in medical imaging and mobile solution for health care are likely to drive the market throughout the mentioned forecast period.

•    Besides, increase in penetration of smartphones as well as 3G and 4G networks will provide a significant boost to the use of the mobile platform for providing health care services.

•    As per the report, North America and Europe are projected to dominate the global telehealth market during the forecast period, due to government initiatives to increase adoption of telehealth solutions, technological advancements, and efforts of key players to expand their market presence in this particular regions. Also, the market in the Asia Pacific is anticipated to expand at a noteworthy CAGR of 15.0% during the forecast period.

The final section of the study presents an exhaustive analysis focusing on the prime players operating in the telehealth market. They are Aerotel Medical Systems Ltd., Teladoc, Inc., Koninklijke Philips N.V., American Well, GE Healthcare, BioTelemetry, Inc., Honeywell International, Inc., Medtronic, InTouch Technologies, Inc., and AMD Global Telemedicine, Inc.

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