The global Telehealth Market size is projected to reach USD 192 billion by 2026 at a CAGR of 38% from USD 39 billion in 2021 during the forecast period 2021-2028.
Telehealth delas with the usage of digital and communication technology in the healthcare. This tends to allow the user to access the facility of healthcare sitting at home. Some common uses of telehealth are remote doctor patient consultation better known as telemedicine, ECG, monitoring of vital signs and symptoms.
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Shortage of physicians along with the supporting governmental policies and the technological advancements are some of the factors that have supported long-term expansion for Telehealth Market.
Recent Developments
- In 2020, Philips came up with a new product, the Avalon CL Fetal and Maternal Pod and Patch for remote monitoring.
- In 2020, Koninklijke Philips join hand with American Telemedicine Association (ATA) so as to increase the adoption of telehealth across acute, post-acute, and home care settings.
Prominent Players
- Koninklijke Philips N.V.
- Medtronic
- GE Healthcare
- Cerner Corporation
- Siemens Healthineers
- Cisco Systems, Inc.
- Teladoc Health Inc.
- American Well
- AMC Health
- MDLive
- Doctor on Demand
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North America to Dominate the Market
North America is expected to be the largest market during the forecast period. With the greater prevalence of chronic conditions and the need to reduce the expenditure on healthcare led to the expansion of market in the region.
Telehealth Market Segmentation:
On the basis of Application
· Teleradiology
· Tele-consultation
· Tele-ICU
· Tele-stroke
· Tele-psychiatry
· Tele-dermatology
· Other Applications
On the basis of End-User
· Providers
· Payers
· Patients
· Other End Users
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
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