The global telehealth market size reached USD 70.5 Billion in 2020 and is expected to register a revenue CAGR of 29.2% during the forecast period, according to latest analysis by Emergen Research.
Rising healthcare expenditure and increasing prevalence of chronic diseases are some of the major factors boosting revenue growth of the market. In addition, significant increase in government expenditure on healthcare information Technology (HCIT) sector and rising focus among key players toward bringing innovation into digital diagnostics is further driving market growth. Moreover, continuous advancements in medical diagnostic technologies are projected to create lucrative opportunities for the growth in the near future. The COVID-19 pandemic has resulted in increasing demand for telemedicine consultations among patients. For example, Apollo TeleHealth has reported a three-fold increase in teleconsultation demand through their different projects and initiatives during the COVID-19 lockdown since March 2020. These factors are also contributing to growth of the telehealth market. However, lack of trained professionals in remote areas, privacy and information security concerns, and low availability of telecommunication bandwidth are major factors adversely affecting growth of the target market. Get a sample of the report @ https://www.emergenresearch.com/request-sample/864 Leading Players Profiled in the Report: Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland),GE Healthcare (US), Cerner Corporation (US), Siemens Healthineers (Germany), Cisco Systems, Inc. (US), Teladoc Health Inc. (US), American Well (US), AMC Health (US), MDLive (US), Doctor on Demand (US), Medvivo Group Ltd (UK), Asahi Kasie Corporation (Japan), Iron Bow Technologies (US), Telespecialists Llc (US), GlobalMed (US), MedWeb (US), IMediplus Inc. (China), Vsee (US), Chiron Health (US), and Zipnosis (US). Some Key Highlights from the Report Tele-home segment revenue is expected to expand at rapid CAGR during the forecast period owing to the COVID-19 pandemic. Software segment is expected to register a significantly robust revenue growth rate over the forecast period. The software segment is further sub-segmented into integrated software and standalone software. Integrated software has higher adoption rate than standalone software due to wider range of applications and cost-effectiveness. Some of the examples of integrated systems are exam cameras, networked devices & software, and telehealth stations. In August 2021, TeleSpecialists, LLC, which is a national leader in hospital-based telemedicine and quality management services, announced the launch of their TelePsychiatry services in hospitals for adult, adolescent, and pediatric patients. North America is expected to register a considerably steady revenue growth rate in the global telehealth market over the forecast period due to presence of major telehealth system providers such as GE Healthcare, IDEXX Laboratories, Inc., Carestream Health, Inc., and Diagnostic Imaging Systems, Inc., among others. Emergen Research has segmented global telehealth on the basis of type, component, deployment model, application, end-use, and region: Type Outlook (Revenue, USD Billion; 2018–2028) Tele-Home Tele-Hospital Component Outlook (Revenue, USD Billion; 2018–2028) Services Remote Patient Monitoring Store-and-forward Live Video-Conferencing Mobile Health Software Integrated Software Standalone Software Hardware In-home messaging device Video telemonitor Interactive Voice Response (IVR) Medical Peripheral Devices Blood Pressure Monitors Blood Glucose Monitors Weighing Scales Pulse Oximeters Peak Flow Meters ECG Monitors Other Devices Deployment Model Outlook (Revenue, USD Billion; 2018–2028) Web & Cloud-based On-premises Application Outlook (Revenue, USD Billion; 2018–2028) Radiology Cardiac Monitoring Primary/Urgent Care Neurophysiological Monitoring Remote ICU Mental Health Other Applications End-use Outlook (Revenue, USD Billion; 2018–2028) Healthcare Providers Healthcare Payers Patients Other End-uses Some Key Highlights from the Report Tele-home segment revenue is expected to expand at rapid CAGR during the forecast period owing to the COVID-19 pandemic. Software segment is expected to register a significantly robust revenue growth rate over the forecast period. The software segment is further sub-segmented into integrated software and standalone software. Integrated software has higher adoption rate than standalone software due to wider range of applications and cost-effectiveness. Some of the examples of integrated systems are exam cameras, networked devices & software, and telehealth stations. In August 2021, TeleSpecialists, LLC, which is a national leader in hospital-based telemedicine and quality management services, announced the launch of their TelePsychiatry services in hospitals for adult, adolescent, and pediatric patients. North America is expected to register a considerably steady revenue growth rate in the global telehealth market over the forecast period due to presence of major telehealth system providers such as GE Healthcare, IDEXX Laboratories, Inc., Carestream Health, Inc., and Diagnostic Imaging Systems, Inc., among others. Highlights of Table of Contents (TOC): Application-based analysis of the global Telehealth market Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Telehealth market Global Telehealth market forecast (2020-2027) Conclusion of the research reportAppendix. Regional Landscape: North America (U.S., Canada) Europe (U.K., Italy, Germany, France, Rest of EU) Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC) Latin America (Chile, Brazil, Argentina, Rest of Latin America) Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA) In conclusion, the report provides a qualitative and quantitative analysis of the Global CRISPR/CAS 9 Technology market, including the global and regional analysis of the market. The study covers critical information and factual data about the CRISPR/CAS 9 Technology industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the CRISPR/CAS 9 Technology market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the CRISPR/CAS 9 Technology industry. Request customization of the report @ https://www.emergenresearch.com/request-for-customization/864 Thank you for reading our report. To request a customization or for further inquiries, kindly get in touch with us. Our team will ensure the report is tailored meet to your needs. About Us: Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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