Global Telehealth Market (2017-2022)

Updated On: 31 May, 2019 | No of Pages: 95 | Format: PDF | SKU: 201861
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The global telehealth market is forecasted to grow at a CAGR of 14.5% and will reach USD 25.3 Bn in 2022 from USD 14.8 Bn in 2018. The higher incidence of chronic diseases drives the growth of the telehealth market. The other key drivers include rising healthcare costs, and advancements in information and communication technology. The telehealth market is segmented based on technologies like remote patient monitoring (RPM), mHealth, and video telemedicine. The market is also segmented based on application such as teledermatology, teleradiology, telecardiology, telepathology, and others. The integration of Electronic Health Records (EHR), and systematized data collection of patients, along with upgraded software applications, are shaping the market.

Global Telehealth Market (2017-2022)

Segmentation based on technologies:

Based on technologies, RPM dominates the market with the market share of 61.3% in 2018, and is expected to continue the trend till 2022. High incidence of chronic diseases, increase in elderly population, demand for home-based monitoring devices, and the need for reducing the average healthcare expenditure are driving this market. mHealth holds the second largest market share, and is expected to expand at a CAGR of 20.3% during the 2018-2022 period. Increased use of smartphones, growing 3G and 4G networks, and a rise in geriatric population are the primary factors propelling growth of the mHealth market. Video telemedicine accounts for the least market share, and is projected to expand at a CAGR of 15.1% during 2018-2022. Advanced healthcare IT infrastructure, and the high rate of adoption of telemedicine by healthcare providers, as well as the patient community serve as primary drivers for the video telemedicine market.

Segmentation based on application:

On the basis of application, teledermatology holds the largest share in 2018, and is expected to have the lowest CAGR of 11.2% during the 2018-2022 period. Teleradiology has the second largest share, and will have a CAGR of 12.4% during 2018-2022. Telecardiology has the third largest (23.8%) market share. Out of the four major segments, telepathology is expected to hold the lowest share throughout. Continuous investments for research and development, government support through initiatives for development of advanced technologies, increasing adoption of digital imaging and the presence of key companies, are the factors contributing to the growth of telepathology and teleradiology. Others segment that include teleaudiology and teleophthalmology applications is expected to register a CAGR of 26.4% over 2018-2022.

Regional insights:

North America is leading the telehealth market and contributed revenue of approximately USD 7.2 Bn in 2018. This is due to the high prevalence of chronic diseases, implementation of the Affordable Care Act (ACA), and hospitals in US find telehealth facilities useful to avoid readmission penalties. Europe is likely to expand over the forecast period of 2018-2023, by exhibiting a CAGR of 14.3%. This is due to increase in the geriatric population, increase in telehealth market. Europe is followed by the Asia pacific with a market value of USD 1.63 Bn in 2018. Increasing use of mobile and broadband internet, large consumer base, and increasing geriatric population are the major factors attributed to Asia-Pacific market. The Latin America and the Middle-East and Africa markets though, still at nascent stages, will also experience high growth because of the rise in healthcare expenses and improved technological capabilities.

Companies covered:

  • McKesson Corporation
  • Medtronic Inc.
  • Cisco Systems
  • GE Healthcare
  • Allscripts Healthcare
  • Siemens Healthineers
  • LifeWatch AG
  • Philips Healthcare
  • Honeywell
  • Cerner Corporation
  • IBM

Customizations available:

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Chapter 1: Executive summary 

1.1. Market scope and segmentation

1.2. Key questions answered in the study

1.3. Executive summary

Chapter 2: Market overview

2.1. Market definitions

2.2. Global market overview

2.3. Global market drivers and challenges

2.4. Global market trends

2.5. Value chain

2.6. Global market overview by geographies

2.6.1. Market overview - North America

- Major drivers, challenges, and trends

- Revenue contribution and CAGR

2.6.2. Major five companies – North America

2.6.3. Market overview - Europe

 - Major drivers, challenges, and trends

- Revenue contribution and CAGR

2.6.4. Five major companies – Europe

2.6.5. Market overview - Asia-Pacific (APAC)

-  Major drivers, challenges, and trends

- Revenue contribution and CAGR

2.6.6. Five major companies – Asia-Pacific

2.6.7. Latin America (LATAM)

-  Major drivers, challenges, and trends

- Revenue contribution and CAGR

2.6.8. Five major companies – Latin America

2.6.9. The Middle East and Africa (MEA) :

- Major drivers, challenges, and trends

- Revenue contribution and CAGR

2.6.10. Five major companies – The Middle East and Africa

Chapter 3: Global Telehealth Market – Based on Technology

3.1. Segment overview - market share, revenue and CAGR

3.2. Segment overview by region

3.2.1. Segment overview – North America

- Market share and market revenue

- Market drivers and key highlights

3.2.2. Segment overview - Europe

- Market share and market revenue

- Market drivers and key highlights

3.2.3. Segment overview – Asia-Pacific

- Market share and market revenue

- Market drivers and key highlights

3.2.4. Segment overview - Latin America

- Market share and market revenue

- Market drivers and key highlights

3.2.5. Segment overview – The Middle East and Africa

- Market share and market revenue

- Market drivers and key highlights

Chapter 4: Global Telehealth Market – Based on Application

4.1. Segment overview - market share, revenue and CAGR

4.2. Segment overview by region

4.2.1. Segment overview – North America

- Market share and market revenue

- Market drivers and key highlights

4.2.2. Segment overview - Europe

- Market share and market revenue

- Market drivers and key highlights

4.2.3. Segment overview – Asia-Pacific

- Market share and market revenue

- Market drivers and key highlights

4.2.4. Segment overview - Latin America

- Market share and market revenue

- Market drivers and key highlights

4.2.5. Segment overview – The Middle East and Africa

- Market share and market revenue

- Market drivers and key highlights

Chapter 5: Competitive Landscape

5.1. Major company profiling

5.1.1. Company overview - McKesson Corporation

- Company snapshot

- Product offerings

- Growth strategies

- Initiatives

- Geographical presence

- Key numbers  

Note: Similar information areas will be covered for the remaining competitors

5.1.2. Medtronic Inc.

5.1.3. Cisco Systems

5.1.4. GE Healthcare

5.1.5. Allscripts Healthcare

5.1.6. Siemens Healthineers

5.1.7. LifeWatch AG

5.1.8. Philips Healthcare

5.1.9. Honeywell

5.1.10. Cerner Corporation

5.1.11. IBM

Chapter 6: Telehealth startups

6.1. iCliniq

6.2. Babylon

6.3. Mediconecta

6.4. American Well

6.5. Health Tap

6.6. IBM Coporation

Chapter 7: Conclusion 

Chapter 8: Appendix

8.1. List of tables

8.2. Assumptions

8.2. Research methodology

8.3. About Research on Global Markets

8.4. Disclaimer

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