Pulished Date March, 2020
ID: 9359
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Global Telehealth Market Analysis – By Component (Services, Software and Hardware), Delivery Mode, End Users and Region (North America (United States & Canada), Europe (United Kingdom, Italy, Germany, Spain, France & Rest of Europe), Asia Pacific (India, China, Japan, South Korea, Australia, New Zealand, Rest of APAC), Latin America (Brazil, Mexico, Argentina & Rest of Latin America), Middle East & Africa) – Industry Stats, Size, Share, Trends, Growth and Forecast | 2020 - 2025

Pulished: March, 2020
ID: 9359
Pages: 160

Global Telehealth Market Size & Growth (2020 - 2025)

The size of the Global Telehealth Market is projected to hit USD 17.2 Billion by 2025, witnessing a CAGR of 24.1% during 2020 to 2025. Leading telehealth companies like Teladoc Health, American Well, and Doctor on Demand are occupying majority of the market shares.

Telehealth is the application of digital data and advanced technologies, such as smart computers, laptops, tablets and smart phones, which have highly improved the accessibility of health care services remotely. Hospitals and clinics are providing appointments through online or by videoconferencing which helps saving lot of time for patients, and to receive ongoing care from the hospital when an in-person visit isn't possible or necessary.

The major advantages of telehealth are providing access to professionals in medical, better communication and coordination of care between a health care team and a patient, convenient and accessible for people with less transport options, time and minimal mobility, it helps in creating a bridge between health care services and people especially living in isolated or rural communities, it helps in self-management of healthcare. Advancements of Smart phones and tablets which are integrated with sensors predicted to the demand for the Global Telehealth Market. 

Key Market Dynamics

  • Expansion of telehealth market and increasing medical tourism in emerging countries like India, Singapore, Malaysia, Australia, and China are creating more opportunities for the growth of telehealth market during the forecast period. 

  • Increasing incidences of various chronic diseases and geriatric population which are leading to a rise in the number of deaths across the world are significant factors for the Global Telehealth Market. (+ve)

  • Shortage of healthcare professionals worldwide is accelerating the growth (+ve)

  • Benefits of telehealth and advancements in telecommunication infrastructure (+ve)

  • Increasing adoption rate of connected devices for the management of chronic diseases is additionally leveraging the growth rate of the global telehealth market. (+ve)

  • Increased requirement for affordable treatment options owing to increasing healthcare costs (+ve)

  • R & D organizations and academic institutions are focusing on developing innovative products with the advanced technology in order to enhance the efficiency of healthcare services which is expected to boost the telehealth market at a global level. (+ve)
  • Increasing rate of chronic diseases among people and increasing number of HCIT programs are anticipated to drive the growth for the Global Telehealth Market. (+ve)

Key happenings in this market in the recent past:

  • In April 2018, American Well has completed the acquisition of Avizia Limited to expand their product portfolio regarding telehealth industry.
  • InTouch has developed a virtual platform for providing enhanced healthcare solutions called ‘solo’ which is integrated with services such as direct-to-customer, direct-to-patient and improved emergency care solutions. InTouch has launched the product in 2019 which is contributing to the growth of telehealth market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 – 2025

Segments Covered

By Component, Delivery, End Users and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

American Well, GlobalMed, Teladoc Health, Inc., Dictum Health, Inc., InTouch Technologies, Inc., Doctor On Demand, Inc., MDLIVE Inc., Encounter Telehealth, HelloMD and SnapMD, Inc.

 

This research report on the Global Telehealth Market segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2024.

Telehealth Market Analysis – By Component

  • Services
    • Remote monitoring
    • Real time interactors
    • Store and forward consulting
  • Software
    • Integrated
    • Standalone
  • Hardware
    • Monitors
    • Medical Peripheral Devices
      • Blood Pressure Monitors
      • Blood Glucose Meters
      • Weight Scales
      • Pulse Oximeters
      • Peak Flow Meters
      • ECG Monitors
      • Others

On the basis of component, the services segment is contributing major share of revenues to the global market and is likely to grow at high pace during the forecast period owing to factors such as the technological developments in telecommunication, increasing incidence of remote monitoring technologies by patients, and introduction of ACA and similar legislations in the U.S. 

The software segment is growing rapidly among end users and is expected to witness the growth at high rate during the forecast period owing to increasing adoptions of telehealth.

Telehealth Market Analysis – By Delivery

  • Web -based
  • Cloud-Based
  • On-premise

Telehealth Market Analysis – By End Users

  • Providers
  • Patients
  • Payers
  • Other End Users

Telehealth Market Analysis – By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle  East and Africa

Regionally, North American telehealth market is dominating the global market  and is expected to continue the trend during the forecast period due to in surge of investments for telehealth, increasing prevalence of chronic diseases. Increasing awareness of telehealth among people, emergence of smart phones and advanced digital devices are expected to escalate the growth of telehealth market in North America.

Asia Pacific telehealth market is contributing significant share to the global market and expected to grow further during forecast period owing to emerging economies of the developing countries.

Top companies in the Global Telehealth Market

American Well, GlobalMed, Teladoc Health, Inc., Dictum Health, Inc., InTouch Technologies, Inc., Doctor on Demand, Inc., MDLIVE Inc., Encounter Telehealth, HelloMD and SnapMD, Inc. are few of the companies playing a key role  in the Global Telehealth Market.

  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Component
      1. Services
        1. Remote monitoring
        2. Real time interactors
        3. Store and forward consulting
      2. Software
        1. Integrated
        2. Standalone
      3. Hardware
        1. Monitors
        2. Medical Peripheral Devices
          1. Blood Pressure Monitors
          2. Blood Glucose Meters
          3. Weight Scales
          4. Pulse Oximeters
          5. Peak Flow Meters
          6. ECG Monitors
          7. Others
      4. Y-o-Y Growth Analysis, By Component
      5. Market Attractiveness Analysis, By Component
      6. Market Share Analysis, By Component
    2. By Delivery
      1. Web -based
      2. Cloud-Based
      3. On-premise
      4. Y-o-Y Growth Analysis, By Delivery
      5. Market Attractiveness Analysis, By Delivery
      6. Market Share Analysis, By Delivery
    3. By End-User
      1. Providers
      2. Patients
      3. Payers
      4. Other End Users
      5. Y-o-Y Growth Analysis, By End-User
      6. Market Attractiveness Analysis, By End-User
      7. Market Share Analysis, By End-Use
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Component
        3. By Delivery
        4. By End-User
      4. Market Attractiveness Analysis      
        1. By Geographical Area
        2. By Component
        3. By Delivery
        4. By End-User
      5.      Market Share Analysis   
        1. By Geographical Area
        2. By Component
        3. By Delivery
        4. By End-User
    2. North America
      1. Introduction
      2. US
      3. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Components and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. American Well
      1. Overview
      2. Component Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. GlobalMed
    3. Teladoc Health, Inc.
    4. Dictum Health, Inc., LLC
    5. InTouch Technologies, Inc.
    6. Doctor on Demand, Inc.
    7. MDLIVE Inc.
    8. Encounter Telehealth
    9. HelloMD
    10. SnapMD, Inc.
  9. Competitive Landscape
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Component Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Telehealth Market

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