According to Data Bridge Market Research new Market report “Global Telehealth Market, By Hardware (Telehealth Monitors, Monitoring Devices), By Software (Standalone, Integrated), By Services (Remote, Real Time, Store and Send), By Deployment (Web Based, Cloud Based, On Premise), By End-User (Healthcare Payers, Healthcare Providers, Patients), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) – Trend and Forecast to 2022”, has accounted for USD 2.5 billion in 2015 and is expected to reach USD 11.8 billion by 2022, growing at a CAGR of 24.6% in the forecasted period 2016 to 2022.
Global healthcare is under continuous threat of rising chronic conditions and shortage of healthcare professionals in all developed countries. Telehealth is expected to offer the solution to this threat, owing to advancements in mobile technology telehealth now can be applied in multiple provider type with maximum integration. As key components of telehealth clinical monitors, peripheral devices are expected to form the key ingredients in telehealth market. As per a recent survey in U.S., published in American Journal of Critical Care healthcare professional believe that telehealth-ICU’s are improving the productivity of healthcare facilities. About 79% of the 1200 respondents agreed that telehealth improves patient care. In 2015, there were about 45 tele-ICU’s that connect more 200 hospitals and 6,000 beds in the U.S. It's estimated between 800 to 1,000 nurse’s practice in tele-ICUs and another 16,000 interface with these units. The biggest roadblock in the growth of telehealth market is no proper means of deliver physician reimbursements. According to a recent survey by Anthem and American academy of family physician’s, suggested that 9 out of 10 respondents agreed to use telehealth if they reimbursed properly. Also there are other hindrances in this market such as telehealth education; technological platforms and the lack of updated tools to support telehealth are resolved by healthcare industry.
The telehealth market is categorized on the basis of hardware, software, services, deployment, end user, and geography. The market, by hardware, is categorized into telehealth monitors and monitoring devices. The monitoring devices sub segment is further classified by device type into blood pressure meters, blood glucose meters, weight scale, pulse oximeters, peak flow meters, ECG monitors and other devices. The software market is further segmented into integrated and standalone software. The services market is further segmented into remote monitoring, real-time, and store and send. Based on deployment, the market is categorized into web-based, on premise, and cloud-based. The market by end user is segmented into providers, payers, and patients.
Based on geography the global telehealth market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. U.S. is expected to dominate the market due to the rising pool of elderly population and chronic disease patient pool. Telehealth will help to U.S. healthcare model to shift from episodic model to dynamic continuous monitoring, leading to betterment of healthcare.
In-depth profiling of key players has been conducted along with recent developments (new product launches & partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the global telehealth market. Some of the major players in this market are Cerner Corporation, GE Healthcare, Honeywell Life Care Solutions, McKesson Corporation, Ergotron, Inc., Medtronic, Inc., InstaMD, The Medvivo Group, Philips Healthcare, USARAD Holdings, Inc., Robert Bosch Healthcare, Vitaphone GmbH, Siemens Healthcare, Cisco Systems, Inc., SnapMD, Inc. and, Tunstall Healthcare among others.
Europe Digital Health Monitoring Market, By Product Type (Devices (Blood Pressure Monitors, Blood Glucose Monitors, ECG, Oximeters, Peak Flow Monitors, Multi Parameter Monitors, Sleep Apnea Monitors, Neurological Monitors, Others), Software (Healthcare Apps, Chronic Disease Apps, Personal Health Apps, Others), Services (Remote Monitoring, Consultancy Services, Treatment Services, Fitness and Wellness Services, Others), By Country (Germany, France, U.K., Spain, Italy, Russia, Belgium, Turkey, Switzerland, Netherlands) – Trend and Forecast to 2022
Global Healthcare Biometrics Market, By Product Type (Single Factor Recognition (Fingerprint, Face, Palm, Others), Two factor Recognition, Multi Factor Recognition), By Application (Healthcare Record Security, Patient Tracking, Remote Patient Monitoring, Workforce Management, Others), By End User (Healthcare Providers, Healthcare Organizations, Research & Academic Institutes), By Geography (North America, Europe, Asia Pacific, South America, Rest of the World) – Trends and Forecast to 2022
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Global Telehealth Market - Industry Trends and Forecast to 2026
Europe Telehealth Market - Industry Trends and Forecast to 2027
Asia-Pacific Telehealth Market - Industry Trends and Forecast to 2027
North America Telehealth Market - Industry Trends and Forecast to 2027
Telehealth Market is Driven by Developments in Telecommunication Structure