Telehealth Market 2018 Sales, Share and Growth Rate by Type, Application

Adroit Market Research
Global Telehealth Market
Dynamics, Application Share, Growth, Vendor
Competition, Trends and Forecast 2018-2025
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Global Telehealth Market
• With high number of competitive participants, the global telehealth market is tuning into a competitive business
landscape. The global telehealth market size was US$ xx in 2016 and is projected to expand at xx% CAGR from 2017 to
2025 to reach US$ xxx Bn by end of 2025.
• Rise in prevalent chronic diseases such as cardiovascular disease and diabetes, growing geriatric population,
technological advancement in mobile solution, medical imaging for healthcare and upsurge in demand for self-care
solutions and devices are likely to increase the telehealth market share during the forecast period.
• Mounting healthcare expenditures and high adoption rate of health IT infrastructure to back telehealth initiatives will
bring the graph of global telehealth market upwards.
• Veterans Health Administration, being the biggest integrated health care system of U.S. utilizes multiple types of
telehealth interventions, which offers routine as well as targeted care management services.
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Global Telehealth Market
Benefits of Telehealth in Healthcare Industry
• Telehealth is a technology known for telecommunication, also called e-Health or telemedicine. Telemedicine Industry
Benchmark Survey conducted among healthcare physicians, executives, nurses and other healthcare professionals
throughout the U.S., it was noticed that participants picked telemedicine at higher priority service in respective
organizations.
• It facilitates patients residing in remote location with services as healthcare professionals can diagnose, evaluate and
treat patients online.
• According to E-health and Telemedicine survey conducted, it was revealed that ample of population faces shortage of
primary healthcare facilities in rural and urban areas.
• Global telehealth industry encompasses broad range of technologies and tactics to deliver health, education and medical
services. Telehealth is an array of services that is it means to enhance education and care delivery. It is used as medium
of exchanging information for clinical care, public health, administrative services and education at a distance.
• It improves relationship between patients and healthcare providers for enhanced patient satisfaction and care along with
reduced cost.
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Global Telehealth Market
Application of Teleheath
• Cardiology and Radiology stands at leading applications of telehealth. Teleradiology has conquered a major global teleheath
market share during last year. Mental and behavioral health has major imprint of telehealth. Significant rise observed in health
issues with lack of health providers is an acknowledged opportunity for global telehealth industry to meet the increased demand
for mental health services.
Geographical Overview
• Asia-Pacific region, with emphasis on China, Japan and India is expected to receive evident highest growth. The major contributing
factors to this growth are favorable initiatives for the adoption of telepathology in China, geriatric population in Japan and high
internet penetration in India. Moreover, growing number of HCIT programs, increasing medical tourism in Singapore, Malaysia,
Thailand and India; and up-scaled funding in telehealth in Australia are most significant drivers for telehealth market growth in
Asia-Pacific region.
• In the U.S., the global telehealth market is driven by implementation of the Affordable Care Act (ACA), upcoming regulatory
policies and shortage of physicians. In Canada, rising market growth is backed by rising healthcare spending and climbed number
of events and conferences that are creating awareness about telehealth service in the region.
Key Players in the Telehealth Market
• Some of the key players operating in the global telehealth market include Medtronic plc, Tunstall Healthcare Group Ltd, Koninklijke
Philips N.V., McKesson Corporation, AMD Global Telemedicine, Inc., Medvivo Group Ltd., Vidyo, Care Innovations, Inc., Cisco
Systems, Inc., LLC, Honeywell Life Care Solutions, and General Electric Company.
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Global Telehealth Market
Incorporation of Cutting-edge Technology
• Tele-education enables various communication links for essential programming learners, patients, providers and families
that is shared through live interactive AV links, watching stored educational material and live streaming video. Best
practices of tele-health education by healthcare professionals include project ECHO (Extension for Community Healthcare
Outcomes), who include remote case management with help of network of academic specialists and primary care clinics
for targeted diseases
• Tele-consultation is another important aspect where a doctor request consultation for patient through a communication
link. This occurs via a live AV link or store-and-forward technology that permit recording interaction of doctor and patient
that can be viewed afterwards. This is applicable to both inpatient and outpatient setting and effective for both chronic as
well as acute disease management.
• Tele- consultation using an interactive or live AV link has furthered capacity of utilizing peripheral devices such as
ophthalmoscope, ECG, stethoscope, otoscope, and ultrasonography that can again produce an in-person bedside
evaluation. This is valuable to remote areas for supplementing after hours care.
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The “Global Telehealth Market 2018” report added by adroit market research provides the factors affecting the growth of the Telehealth industry. The report also includes the major trends and opportunities that will beneficial for growth.