Telehealth Market Analysis and Projection, Application, and Region – Global Forecast to 2028

Emergen

Published

May 19, 2022

Global Telehealth Market Forecast to 2028

The Global Telehealth Market size reached USD 70.5 Billion in 2020 and is expected to register a revenue CAGR of 29.2% during the forecast period, according to latest analysis by Emergen Research.

Rising healthcare expenditure and increasing prevalence of chronic diseases are some of the major factors boosting revenue growth of the market. In addition, significant increase in government expenditure on healthcare information Technology (HCIT) sector and rising focus among key players toward bringing innovation into digital diagnostics is further driving market growth. Moreover, continuous advancements in medical diagnostic technologies are projected to create lucrative opportunities for the growth in the near future.

The COVID-19 pandemic has resulted in increasing demand for telemedicine consultations among patients. For example, Apollo TeleHealth has reported a three-fold increase in teleconsultation demand through their different projects and initiatives during the COVID-19 lockdown since March 2020. These factors are also contributing to growth of the telehealth market.

However, lack of trained professionals in remote areas, privacy and information security concerns, and low availability of telecommunication bandwidth are major factors adversely affecting growth of the target market.

Request a PDF sample copy of the report @ https://www.emergenresearch.com/request-sample/893

Leading companies profiled in the report are:

Koninklijke Philips N.V. (Netherlands)
Medtronic (Ireland)
GE Healthcare (US)
Cerner Corporation (US)
Siemens Healthineers (Germany)
Cisco Systems, Inc. (US)
Teladoc Health Inc. (US)
American Well (US)
AMC Health (US)
MDLive (US)
Doctor on Demand (US)
Medvivo Group Ltd (UK)
Asahi Kasie Corporation (Japan)
Iron Bow Technologies (US)
Telespecialists Llc (US)
GlobalMed (US)
Others

Type Outlook (Revenue, USD Billion; 2018–2028)

Tele-Home
Tele-Hospital

Component Outlook (Revenue, USD Billion; 2018–2028)

Services
- Remote Patient Monitoring
- Store-and-forward
- Live Video-Conferencing
- Mobile Health
Software
- Integrated Software
- Standalone Software
Hardware
- In-home messaging device
- Video telemonitor
- Interactive Voice Response (IVR)
- Medical Peripheral Devices
  1. Blood Pressure Monitors
  2. Blood Glucose Monitors
  3. Weighing Scales
  4. Pulse Oximeters
  5. Peak Flow Meters
  6. ECG Monitors
  7. Other Devices

Check discount on the report @ https://www.emergenresearch.com/request-discount/893

Deployment Model Outlook (Revenue, USD Billion; 2018–2028)

Web & Cloud-based
On-premises

Application Outlook (Revenue, USD Billion; 2018–2028)

Radiology
Cardiac Monitoring
Primary/Urgent Care
Neurophysiological Monitoring
Remote ICU
Mental Health
Other Applications

End-use Outlook (Revenue, USD Billion; 2018–2028)

Healthcare Providers
Healthcare Payers
Patients
Other End-uses

Major Regions Covered in the Telehealth Market Report:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

For more information in the analysis of this report, visit: https://www.emergenresearch.com/industry-report/telehealth-market

Some Key Highlights from the Report

Tele-home segment revenue is expected to expand at rapid CAGR during the forecast period owing to the COVID-19 pandemic.
Software segment is expected to register a significantly robust revenue growth rate over the forecast period. The software segment is further sub-segmented into integrated software and standalone software. Integrated software has higher adoption rate than standalone software due to wider range of applications and cost-effectiveness. Some of the examples of integrated systems are exam cameras, networked devices & software, and telehealth stations.
In August 2021, TeleSpecialists, LLC, which is a national leader in hospital-based telemedicine and quality management services, announced the launch of their TelePsychiatry services in hospitals for adult, adolescent, and pediatric patients.
North America is expected to register a considerably steady revenue growth rate in the global telehealth market over the forecast period due to presence of major telehealth system providers such as GE Healthcare, IDEXX Laboratories, Inc., Carestream Health, Inc., and Diagnostic Imaging Systems, Inc., among others.

A SWOT analysis is performed on the leading companies engaged in the Telehealth market to offer a better understanding of the strengths, opportunities, weaknesses, and threats of the leading companies. It also covers production and consumption rate, the volatility of prices and demands, market share, market size, global position, and market position of each player. The report also analyses key elements such as growth trends, concentration area, business expansion strategies, market reach, and other key features that offer companies insightful data to fortify their position in the Telehealth industry.

Request customization of the report @ https://www.emergenresearch.com/request-for-customization/893

Thank you for reading our report. Customization of the report is available according to the requirements of clients. In case of further queries about the report, do get in touch with us. Our team will make sure your report is tailored according to your needs.

About Emergen Research

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Facebook | LinkedIn | Twitter | Blogs

Browse More Related Reports:

Pectin Market

https://www.google.al/url?q=https://www.emergenresearch.com/industry-report/pectin-market

Molecular Forensics Market

https://www.google.al/url?q=https://www.emergenresearch.com/industry-report/molecular-forensics-market