Telehealth Market 2021: Size, Share, Growth, Segmentation, Trends and Forecast till 2026

iCrowd Newswire
23 Jul 2021, 06:28 GMT+10

According to IMARC Group's latest report, titled "Telehealth Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global telehealth market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 39% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Telehealth refers to the remote delivery of clinical and non-clinical services through tele- and digital communication technologies. These technologies mainly include video conferencing, mobile health (mHealth) applications, electronic data transmission, remote patient monitoring (RPM), etc. Telehealth solutions offer consultation, care management, diagnosis, self-management services, medical training, etc. Furthermore, these solutions also help in conducting administrative meetings, along with imparting medical education via information and communication technologies (ICT).

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Market Trends

The high prevalence of chronic diseases has led to the global adoption of telehealth systems for online consultation pertaining to consultation and treatment. Moreover, the demand for these systems is further fostered by the rising geriatric population, along with growing need for home monitoring devices. Additionally, several technological advancements, coupled with the emergence of health monitoring smartphone applications, are also bolstering the market growth. The increasing penetration of smart devices and wearables to track blood pressure, blood glucose levels, sleep patterns, heart rate, etc., has further augmented the market growth. Furthermore, growing investments in the field of medical sciences, along with the rapid upgradation of telecommunication technologies, are subjected to strengthen the telehealth market.

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List of Key Companies Covered in this Market Report:

Aerotel Medical Systems

Allscripts Healthcare LLC

AMD Global Telemedicine Inc.

American Well Corporation

Biotelemetry Inc.

Cerner Corporation

Cisco Systems Inc.

GE Healthcare Inc. (General Electric),

Honeywell Life Care Solutions

Medtronic Inc.

Philips Healthcare

Teladoc Health Inc.

The report has segmented on the basis of component, communication technology, hosting type, application, end-user and geography

Breakup by Component:

Software

Hardware

Services

Breakup by Communication Technology:

Video Conferencing

mHealth Solutions

Others

Breakup by Hosting Type:

Cloud-Based and Web-based

On-Premises

Breakup by Application:

Teleconsultation and Telementoring

Medical Education and Training

Teleradiology

Telecardiology

Tele-ICU

Tele-Psychiatry

Tele-Dermatology

Others

Breakup by End-User:

Providers

Patients

Payers

Others

Breakup by Geography:

North America (U.S. & Canada)

Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)

Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)

Latin America (Brazil, Mexico)

Middle East & Africa

Key highlights of the report:

Market Performance (2015-2020)

Market Outlook (2021- 2026)

Porter's Five Forces Analysis

Market Drivers and Success Factors

SWOT Analysis

Value Chain

Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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