What is the Global Telehealth Market Size?
The Global Telehealth Market is estimated to be valued at USD 25.30 billion in 2022, growing at a CAGR of 14% during 2014-2022.
The electronic devices is growing rapidly in the recent decade. Contacting medical care professionals or specialists has become simple with mobile applications. Tele medicine is a form of treating or advising patients remotely through wireless communication. Some of severe conditions of patients must need to monitor minute to minute. In that case remote monitoring devices help patients by detecting symptoms, severity of injuries and conditions using specially designed sensors. Health care providers use laptops and mobile phones to monito the patient health. Data collection software, microcomputers, and smart phones are used in telehealth care.
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Factors Driving the Growth of Global Telehealth Market:
Global Telehealth market is estimated to grow in forecasted period owing to supporting factors such as technological advancements that help telehealth care, utilization of smart devices such as mobile phones, advancements in wireless technologies such as 3G and 4G, reduction of healthcare expenditure, and increasing awareness among people about usage of telehealth care facilities. However, Strict regulatory policies of governmental bodies such as FDA and EU, lack of guidelines to medical care professionals to adapt telehealth care and resistance from conventional methods of medical care are impeding the boom of the market.
Based on geography, North America topped the list with highest share in the market revenue. Europe and Asia Pacific regions are trailing right behind North America region in terms of market share. Asia Pacific region is estimated to be growing at highest pace of CAGR in forecasted years due to technological advancements in the healthcare and presence of economically emerging nations like India and China.
Some of the Leading Companies in the Global Telehealth Market:
Key players in the Global Telehealth Market include AMD Global Telemedicine, Inc, GE Healthcare, Honeywell International, Inc., Koninklijke Philips N.V., InTouch Technologies, Inc., Aerotel Medical Systems Ltd., Medtronic, BioTelemetry, Inc., American Well, and Teladoc, Inc among many others.
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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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