The Global Telehealth Market Report is a compilation of comprehensive research studies of various aspects of the Telehealth Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Telehealth market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Telehealth market and how they will evolve in the years to come.
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Global telehealth market was valued at US$ 29657.82 million in 2022 and is estimated to reach US$ 105,119.03 million by 2030, growing at an estimated CAGR of 14.97% over the forecast period. . Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland),GE Healthcare (US). Other prominent players in this market include 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)
Limited physician productivity, computer and communication technologies has cultivated health professionals to experiment with many applications which will generate opportunities to gain clinical demands along with participating in educational and research activities. ‘Telehealth’ may be encyclopaedic term for public health, and health administration, support of long-distance clinical healthcare, patient and professional health-related education.
Telehealth deals with the use of digital information and communication technologies to remotely provide healthcare services for healthy lifestyle or health management. Telehealth connects patients to essential healthcare services through remote monitoring, video conferencing, electronic consultation, and wireless communication services. The types of telehealth will include doctors discussing a patient’s case or a health-related scenario over phone call or video conference, physiotherapy sessions done through tele video or live feed. Furthermore, tests forwarded from facilities for interpretation by a higher specialist via telephone and a group of patients having similar heath concerns interacting with the specialist doctor through online audio/video conference make up notable applications of telehealth.
The primary driver for adoption of telehealth offerings include rising healthcare costs, increased use of healthcare services and sedentary lifestyle. These factors lead to upsurge consumer demand for innovative and new techniques. Examples of telehealth include virtual home healthcare, in which patients such as the chronically ill or the elderly may receive guidance in certain procedures while at home. Telehealth has made it easier for health care workers in remote field settings to get the patient diagnosis, care and referral guidance from professionals elsewhere. Often instructions like dosage timings, physiotherapy instructions, diet concerns etc, can also be provided by telehealth systems or with related technologies such as eHealth that allow the use of small computers or mobiles and the internet.
Telehealth services can cover a wide range of specialties. A doctor can check the patient after operation to ensure that there is no infection in the wound. A gynaecologist can use live telehealth apparatus for giving necessary counselling on birth control. An endocrinologist can video chat live with the patient to guide them according to the latest lab results. Telehealth solutions have shown the ability to improve health outcomes and cut costs such as travelling to hospital, multi-specialist doctors’ visits, diet plans etc. Compared to traditional approaches, telemedicine saves money for patients, providers, and payers. In recent years it has been observed that telemedicine improves the health of patients with diabetes, especially in older adults. Telehealth has brought down healthcare costs while increasing efficiency through improved chronic disease management, shared health professional staffing along with fewer and shorter stays in hospitals. As remote patient communication and treatment reduces the number of health visits, both transportation-related emissions and operational requirement-related emissions are decreased. However, reduced infrastructure needs will potentially lead to smaller health facilities, with associated cuts in building materials, energy and water use, pollution and overall environmental impact.
The Telehealth Market is expected to experience high growth over the forecast period due to all of the aforementioned factors along with increasing prevalence of chronic diseases, the increase in the geriatric population and the shortage of physician. It can also be attributed to the shifting of costs, from government programs to private payers. Low rates of reimbursement have increased the cost-shifting burden on hospitals and doctors who, in turn, charge private payers much higher rates for the same facilities, which ultimately affect the health insurance rates.
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Telehealth Market:
- By Component
- Hardware
- Services
- Software
- By Delivery
- On demand
- Web based
- Cloud
- By End User
- Healthcare Providers
- Patients and Payer
- By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- North America
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