Electronic information and telecommunications technologies helps to increase the growth of the Telehealth Market from 2018 to 2025.
In recent years, there has been a significant rise in rate of using telehealth solutions across the globe. Telehealth is a collection of means or methods for enhancing health care, public health, and health education delivery and support using electronic information and telecommunications technologies. The electronic information and telecommunications technologies help to support long-distance clinical health care, patient & professional health-related education, public health and health administration.
The term “Telehealth” is used to describe a wide range of diagnosis, treatment, management, education and other types of healthcare delivered using telecommunication technology. These advanced and innovative technologies include live video-conferencing, store-and-forward imaging, streaming media, mobile health, terrestrial & wireless communications and the internet. Telehealth market also include remote healthcare services that are completely safe and do not cause any harm to the individual. The above mentioned factors are accountable for the rise in the demand for telehealth solutions across the world. The gradual increase in the treatment and diagnosis in timely manner is also expected to increase the demand for telehealth in the forecast period.
The telehealth market is segmented on the basis of product, type, mode of delivery and end user. Based on product, the Telehealth Market is bifurcated into integrated and standalone. In 2016, the software segment held the largest share of the market, by product. On the basis of the type segment the market is classified as hardware, services, and software. By mode of delivery, the market is segmented into on-premise delivery mode, web-based delivery mode, and cloud-based delivery mode. Based on end user, the telehealth market is segmented into patients, payers, and healthcare providers.
Geographically, the telehealth market is segmented into North America, Europe, Asia Pacific (APC), Middle East and Africa (MEA) and South and Central America (S&CAM).The market for telehealth is matured in North America region, owing to the established EHR systems in the US. The telecommunication industry has established well with a higher pace in the past decade in the country. Treatment in timely manner is one of the major factor that bring more and more users to telehealth. The availability of the diagnosis at an efficient price as well as the demand for live video-conferencing and mobile health among the population in the region is the major factor driving the demand in the Telehealth Market. Due to these factors the telehealth market is likely to grow in the forecast period.
The players operating in the telehealth market across the globe include Medtronic, Cerner Corporation, Tunstall Healthcare, AMD Global Telemedicine, Inc., Philips Healthcare, Cisco Systems, Inc., Aerotel Medical Systems Ltd., Honeywell Life Care Solutions, Medvivo Group Ltd., American Well among others.
