The latest report by IMARC Group, titled “Telehealth Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032″, offers a comprehensive analysis of the industry, which comprises insights on the global telehealth market share. The global market size reached US$ 19.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 97.3 Billion by 2032, exhibiting a growth rate (CAGR) of 19.7% during 2024-2032.
Telehealth is a healthcare delivery model that uses digital technologies and telecommunications to provide medical care, consultations, and health-related services remotely. It enables patients to access healthcare professionals and services from the comfort of their own homes or other convenient locations, eliminating the need for in-person visits to healthcare facilities. It encompasses a wide range of services, including virtual doctor’s appointments (telemedicine), remote monitoring of vital signs, online prescription refills, and access to medical information through digital platforms. It leverages various communication tools such as videoconferencing, phone calls, secure messaging, and mobile apps to facilitate interactions between patients and healthcare providers. It improves access to healthcare, particularly in underserved or remote areas, and allows for timely medical consultations. It also reduces travel time and associated patient costs, increases convenience, and minimizes the risk of exposure to infectious diseases, which has become especially important during public health crises like the COVID-19 pandemic. At present, telehealth is gaining immense traction across the globe as it supports ongoing patient monitoring and chronic disease management.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/telehealth-market/requestsample
Telehealth Market Trends and Drivers:
The global telehealth market is primarily driven by the increasing demand for convenient and accessible healthcare services. Telehealth technologies enable patients to access medical consultations, remote monitoring, and healthcare information from the comfort of their homes, reducing the need for in-person visits, especially in situations like the COVID-19 pandemic. Moreover, ongoing technological advancements in telecommunication and digital health that improve the capabilities of telehealth solutions are propelling market growth. Besides this, the rising shortage of healthcare professionals in certain regions and the escalating need for healthcare access in rural or underserved areas has fulled the adoption of telehealth as it allows healthcare providers to reach a broader patient population and extend medical services to remote locations. Furthermore, the escalating demand for ongoing care and monitoring owing to the expanding geriatric population and the increasing prevalence of chronic diseases is contributing to market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Component:
- Software
- Hardware
- Services
Breakup by Communication Technology:
- Video Conferencing
- mHealth Solutions
- Others
Breakup by Hosting Type:
- Cloud-Based and Web-based
- On-Premises
Breakup by Application:
- Teleconsultation and Telementoring
- Medical Education and Training
- Teleradiology
- Telecardiology
- Tele-ICU
- Tele-Psychiatry
- Tele-Dermatology
- Others
Breakup by End-User:
- Providers
- Patients
- Payers
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitive Landscape with Key Players:
- Aerotel Medical Systems
- Allscripts Healthcare LLC
- AMD Global Telemedicine Inc.
- American Well Corporation
- Biotelemetry Inc.
- Cerner Corporation
- Cisco Systems Inc.
- GE Healthcare Inc. (General Electric)
- Honeywell Life Care Solutions
- Medtronic Inc.
- Philips Healthcare
- Teladoc Health Inc.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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