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Telehealth Market By Components (Telehealth Services, Telehealth Hardware, Telehealth), By Services (Tele-Consultation, Tele-Monitoring, Tele-Education, Tele-Training, Tele-Care, Tele-Surgery, Tele-Radiology), By Type (Services, Hardware, Software), By Aplication (Tele-Consultation, Tele-Monitoring, Tele-Education, Tele-Training, Tele-Care, Tele-Surgery, Tele-Radiology) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2022

Telehealth refers to the means of augmenting healthcare experience, medical training, education, monitoring and other such medical activities, with the support of telecommunications technologies. This helps healthcare providers for efficient and rapid interaction with various intermediaries. Telehealth is observed to be among the fastest growing areas of healthcare market. Efficient use of telehealth has been proven to deliver better healthcare outcomes, grow accessibility to remote areas, specialist referral, patient monitoring, distance education and recordkeeping. 

This report studies the global telehealth market in terms of components, services, end-users and geography. Based on the components of telehealth system, this market is classified into services, hardware and software markets. The telehealth services studied in this report are tele-consultation, tele-monitoring, tele-education, tele-training, tele-care, tele-surgery and tele-radiology markets. Market size and forecast for such mentioned segments for the period 2014-2022, along with their respective CAGRs for the period 2016-2022 are provided in this study.

Healthcare providers, patients, payers are considered as the prime end-users of telehealth. Adoption of telehealth in home care has resulted in rapid growth of telehealth market among patients. Geographically, the global direct-to-consumer genetic testing market is studied for the following regional markets:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Rest of Asia-Pacific
  • Middle East and Africa
  • Latin America

The market size and forecast for the period 2014-2022 along with the CAGRs for the period 2016-2022 for the mentioned segments are also presented in this study.

Qualitative information sets such as market dynamics (drivers, challenges, future prospects) and market inclination insights are provided in this market assessment report. Tools such as fractal map analysis and attractive investment proposition are also included in this study for assessment of market competition. The report concludes with company profiles section that highlights key information about the major market players operating in the global telehealth market.

Services Segmentation Investigation

On the basis of service type, the global telehealth market is classified into following segments:

1.   Tele-Consultation

2.   Tele-Monitoring

3.   Tele-Education

4.   Tele-Training

5.   Tele-Care

6.   Tele-Surgery

7.   Tele-Radiology

Telehealth Market 

Tele-Consultation is observed to be the largest market in 2015. Various studies demonstrate that tele-consultation is highly instrumental in improving healthcare delivery in underserved remote locations that are difficult for access and serve under normal conditions. Major insights imply that tele-consultation in store-and-forward format is highly feasible and offer significant assistance in emergency response and emergency settings. The demand for tele-consultation is observed to be the highest in emerging markets such as China, Malaysia, Brazil and other parts of Asia-Pacific and Latin America.

Healthcare providers, payers, patients and others form the major classification of telehealth market by end-users.     

Telehealth Market

Providers are the largest segment for telehealth solutions and services. As several healthcare systems worldwide are increasingly focusing their efforts on reducing the number of hospital visits and length of hospital stay, the need for remote monitoring is being felt more intensely. Growing healthcare costs has led to the emergence of efficient adoption telemedicine. Conversely, lack of physician support, lack of awareness in lesser developed regions of the world, and challenges pertaining to legal and reimbursement policies pose a significant restraint to the market growth.

Based on geographical segmentation, the global direct-to-consumer testing market is studied for:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Rest of Asia-Pacific
  • Latin America
  • Middle East and Africa

Telehealth Market
 

United States is the largest market for telehealth equipment services. High demand for self care and the growth in trend of home-care is a key for growth in US market. Large scale adoption of home-care alternatives is due to factors such as psychological impact regarding safety and comfort, custom care provision, and associated cost benefits.

Overall, requirement of continuous assistive care and monitoring among the rising geriatric population is efficiently addressed by telehealth. Other additional benefits offered are round-the-clock remote monitoring, fewer instances of hospital readmission, and privilege of recovering at own home. These factors ultimately lead to phenomenal cost savings for both patients and care givers, which is already at peak in North America market.

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Published Date:  May 2016
Category:  Healthcare
Report ID:   57828
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
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