The global Telehealth Market size was USD 62.22 Billion in 2021 and is expected to register a revenue CAGR of 36.1% during the forecast period. Increasing incidence of chronic diseases, especially associated with the growing elderly population, growing need for early disease detection and diagnosis using remote health monitoring systems, increasing application of smartphones as well as rapid technological improvements and advances in the field of Telehealth services are expected to drive market revenue growth during the forecast period.
Telehealth is the application of technology and telecommunication networks to provide healthcare to patients who are geographically distant from their doctors. The demand for convenient healthcare, along with the scarcity of many overloaded medical professionals (particularly primary care practitioners), has made Telemedicine an increasingly significant aspect of most countries' healthcare infrastructure, particularly in the U.S. According to Philips Future Health Index (FHI), telehealth was chosen by 61% of younger doctors as the preferred Digital health technology, surpassing Artificial Intelligence (AI) (53%). For many years, the health care system has been attempting to bridge the gap between the unmet demand & supply side, and telehealth is one plausible alternative.
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In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
Teladoc Health, Inc., MDLIVE, Doctor On Demand by Included Health, Inc., American Well Corporation, iCliniQ, FOLX Health, PlushCare, BetterHelp, and Maven Clinic Co.
Segments Covered in the report
By Component Type Outlook
- Products
- Services
By Application Outlook
- Telepsychiatry
- Teleradiology
- Telepathology
- Teledermatology
- Telecardiology
- Others
By Delivery Mode Outlook
- Cloud-based/Web
- Call centers
By End-use Outlook
- Healthcare Providers
- Hospitals
- Clinics
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points covered in this report are as below:
- An analysis of Telehealth industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Telehealth manufacturers and provides valuable insight into the market for companies and individuals.
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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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