Telehealth or telemedicine is the remote analysis and treatment of patient that is utilized to convey the virtual therapeutic and wellbeing backing, and training administrations. It is utilized as a part of different claim to fame, for example, dentistry, directing, home wellbeing, ceaseless ailment checking and administration, calamity administration, and expert instruction. Expanding maturing populace, developing probability of the non-transferable illnesses, particularly, endless infections, for example, cardiovascular and metabolic scatters, malignancy, diabetes, Alzheimer sickness, and other psychological well-being issues drive the development of the market. High medicinal services consumption and requirement for the innovation change give a push to the development of the market. Then again, high cost of the item and absence of mindfulness may limit the market development.
The Global Telehealth Market is anticipated to develop at a wholesome CAGR of 29.8% during the forecasted period 2018-2023.
Key players of Global Telehealth Market:
- Siemens Healthcare Private Limited,
- GlobalMedia Group LLC,
- Koninklijke Philips N.V.,
- InTouch Technologies Inc.,
- Medtronic,
- McKesson Corporation,
- General Electric Company,
- Care Innovations, LLC.
- Cerner Corporation,
- AMD Global Telemedicine Inc.,
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Regional Analysis of Global Telehealth Market:
The global telehealth market is ruled by America owing to presence of large global players, greater demand due to developed infrastructure, established healthcare systems, rapid uptake of technology and concerns over healthcare costs.
The presence of huge geriatric population and large number of people suffering from diabetes and other chronic respiratory diseases.
Europe takes the second position for the global telehealth market led by Germany, France and others. The Scandinavian nations such as Norway, Finland and inceland are booming markets due to greater digital literacy and scarcity of trained manpower.
Europe is followed by Asia Pacific which is also expected to generate the fastest growth owing to the rapidly developing economies like China and India. However Japan dominates the Asia Pacific region in 2016. The Middle East and Africa are expected to generate moderate growth and are expected to be led by the gulf economies of UAE, Saudi Arabia, Qatar and others.
Segmentation:
The global telehealth market is segmented on the basis of components, types, and end users.
On the basis of component, the market is segmented into hardware, software, and others. Hardware is further segmented into monitors, medical devices, and others. Monitors are further segmented into blood glucose monitors, blood pressure monitors, ECG monitors, and others.
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On the basis of types, the market is segmented into web based, on-premises, and cloud based. On the basis of end users the market is segmented into hospitals & clinics, pharmaceutical companies, and others.
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