Telehealth Market – Doubling the market in just 2.4 years! The explosive power of ~29.8% CAGR By 2023

“Market Research Future (MRFR)”
In the coming years, it is expected that the Global Telehealth Market will advance with higher growth rate as compared to previous years. Rising pressure to curb healthcare costs has fuelled the growth of the market for Telehealth market. adds “Telehealth Market -2017 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database.

The report titled “Telehealth Market -Forecast to 2023″ is a direct appreciation by Market Research Future of the market potential of the Telehealth Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market! The global teleheatlh market is expected to grow at a healthy CAGR of 29.8% during the forecasted period-(2017-2023).

Market scenario of Global Telehealth Market:

Telehealth or telemedicine is the remote diagnosis and treatment of patient that is used to deliver the virtual medical and health support, and education services. It is used in various specialty such as dentistry, counselling, home health, chronic disease monitoring & management, disaster management, and professional education. Increasing aging population, growing possibility of the non-communicable diseases, especially, chronic diseases, for instance, cardiovascular & metabolic disorders, cancer, diabetes, Alzheimer disease, and other mental health problems drive the growth of the market. High healthcare expenditure and need for the technology improvement provide a push to the growth of the market. On the other hand, high cost of the product and lack of awareness may restrain the market growth.

Regional Analysis of Global Telehealth Market:

America account for the largest market share in the global telehealth market on the account of increasing prevalence of chronic diseases and well-developed technology. Europe is the second leading market in the global the global telehealth market, which is followed by Asia Pacific. Asia Pacific is the fastest growing telehealth market. As per statistics, more than 55% of diabetic patients in the world live in Asia Pacific region. China and India is the growing market for telehealth. Rapidly increasing diabetic & obese population, development in healthcare sector, and increasing digitalization in healthcare industries have created a major market for the telehealth. The Middle East & Africa holds the least share in global telehealth market.

Segmentation of Global Telehealth Market:

The global telehealth market is segmented on the basis of components, types, and end users.

On the basis of component, the market is segmented into hardware, software, and others. Hardware is further segmented into monitors, medical devices, and others. Monitors are further segmented into blood glucose monitors, blood pressure monitors, ECG monitors, and others.

On the basis of types, the market is segmented into web based, on-premises, and cloud based. On the basis of end users, the market is segmented into hospitals & clinics, pharmaceutical companies, and others. 


Key Players of Global Telehealth Market:

Some of the major players for the global telehealth market are Koninklijke Philips N.V. (the Netherlands), Medtronic (Ireland), General Electric Company (UK), McKesson Corporation (US), Care Innovations, LLC. (US), Cerner Corporation (US), GlobalMedia Group, LLC (US), Siemens Healthcare Private Limited (US), AMD Global Telemedicine, Inc. (US), InTouch Technologies, Inc. (US).

The global telehealth market is highly fragmented with the presence of many local and international players. Whereas, local players are more focused on the cost reduction and innovation to ensure sustainability in the global market. On the other hand, the international players implemented growth strategies through collaborations and partnerships with the small players to expand their global market share.

Koninklijke Philips N.V., headquartered in the Netherlands, focused on electronics and healthcare. The company manufactures a number of telehealth devices used in hospital and at home. Some of the major telehealth softwares developed by the company: eICU Outreach Program, eCareManager, eCareCoordinator.

Medtronic, headquarters in Dublin, Ireland, is a medical device company. The company is one of the world’s largest standalone medical technology developers. In 2017, Medtronic Care Management Services (MCMS) awarded a national contract from the U.S. Department of Veterans Affairs (VA) for Home Telehealth Technologies.

Major TOC of Global Telehealth Market:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

Chapter 3. Research Methodology

Chapter 4. Market Dynamics

Chapter 5. Market Factor Analysis

Chapter 6. Global Telehealth Market, By Component

Chapter 7. Global Telehealth Market, By Types

Chapter 8. Global Telehealth Market, By End Users

Chapter 9. Global Telehealth Market, By Region

Chapter 10. Competitive Landscape

Chapter 11. Company Profile

Chapter 12. Conclusion

Chapter 13. Appendix

Table 1 Telehealth Industry Synopsis, 2017 – 2023
Table 2 Global Telehealth Market Estimates And Forecast, 2017 – 2023, (USD Million)
Table 3 Global Telehealth Market By Region, 2017 – 2023, (USD Million)
Table 4 Global Telehealth Market By Component, 2017 – 2023, (USD Million)
Table 5 Global Telehealth Market By Type, 2017 – 2023, (USD Million)
Table 6 Global Telehealth Market By End Users, 2017 – 2023, (USD Million)

Figure 1 Research Process
Figure 2 Segmentation for Global Telehealth Market
Figure 3 Segmentation Market Dynamics for Global Telehealth Market
Figure 4 Global Telehealth Market Share, By Component 2016
Figure 5 Global Telehealth Market Share, By Type 2016
Figure 6 Global Telehealth Market Share, By End Users, 2016



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