Telehealth Market Growth Prospects, Trends Opportunity Assessment and Forecast up to 2025

Global Telehealth Market: Overview

This report studies the current as well as future prospects of the global telehealth market. Stakeholders of this report include companies and intermediaries engaged in the manufacture and commercialization of various telehealth products, software, and services as well as new players planning to enter this market. This report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments and sub-segments considered within the scope of the study. This section also provides the overall information and data analysis of the global telehealth market with respect to the leading market segments based on major components, significant applications, key end-users, and regions.

The telehealth market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on component, application, end-user, and region. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. Additionally, the section comprises competitive matrix and company profiles with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by region and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global telehealth market.

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Telehealth Market: Overview

The telehealth market is riding on the wave of growth. This is because telehealth is no longer an option, but a necessity due to the increasing dangers of COVID-19. The crisis is serving as an opportunity for the telehealth market to grow at a rapid pace. During this uncertain COVID-19 pandemic, telehealth serves as a boon. With a large populace forced to stay at home due to the lockdowns imposed to flatten the curve of the SARS-CoV-2 pandemic, telehealth technology plays an important role for routine clinical follow-ups and treatment.

Competitors and key players in the telehealth market are coming up with technologies and innovations that are crucial in finding new ways to communicate with various patients to adjust to unprecedented times. Technological improvements related to smartphones and enhanced internet connectivity can also have a positive influence on the telehealth market.

The post-lockdown scenario is also of great importance for the telehealth market. Novel technologies will sprout up to reduce visits of the patients to the clinic. Long queues outside the clinic or hospital for consulting with the doctor should be avoided in the post-COVID-19 world, especially for the elderly, who are in the constant need for clinical advice and treatment. Telehealth technologies will also protect clinicians and healthcare professionals from the transmission of the virus. Hence, telehealth technologies will prove to be of great benefit, eventually leading to an increase in the growth rate of the telehealth market.

The global telehealth market is predicted to expand at a CAGR of 13% across the forecast period of 2017 to 2025 and was valued at US$ 6bn in 2016. The telehealth market is growing at a rapid rate and expects to continue to do the same throughout the forecast period. Consistent government support for the telehealth market through acts like the Health Insurance Portability and Accountability Act of 1996 protects patient privacy, which further gives a push to the telehealth market toward growth. 

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 The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

Global Telehealth Market: Companies Mentioned

Key players involved in the telehealth market are Royal Philips, Honeywell International Inc., Medtronic, American Well, and Aerotel Medical Sytems Ltd.

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