North America Telehealth Market, By Component (Service, Software, Device), Service (Remote Patient Monitoring, Store-and-Forward, Real-Time Interactive), Delivery (On Premise, Cloud), Application (Radiology, Cardiology, Pathology, Dermatology, Neurology, Home Health, Primary/Urgent Care, ICU), End-Use (Healthcare Payers, Healthcare Providers, Patients) Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2027
Market Analysis and Insights: North America Telehealth Market
North America telehealth market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to growing at a CAGR of 21.7% in the above-mentioned forecast period. Growth of North America telehealth in different application such as neurology, orthopaedics, internal medicine, emergency care, cardiology, gynaecology and many more act as a growth driver for the market.
North America telehealth helps the doctors to diagnose, treat, analyse and help to prescribe medication. It has also gained a lot of traction in the remote care of patients for the treatment of chronic diseases. Telehealth is an idea which was conceived long ago, its importance has also increased significantly over the years with reduced healthcare cost and a better communication channel within doctors and patients because of its main objectives behind the application of telehealth in healthcare sector.
Growth in the North America telehealth is also driven by medical care spending, remote patients surveillance, increase in the number of chronic diseases cases and advancement in the technology. Radiology and cardiology are two leading applications of telehealth, as well the adoption of telehealth for behavioural and mental health applications is also growing at a fast pace. Rise in mental health issues and shortage of behavioural health will create growth opportunities for in the North America telehealth market forecast period of 2020-2027.
Legal and reimbursement issues, lack of physician support, poor cases of implementation and advanced technology leading to higher costs will act as a restrain, and further challenge the growth of the North America telehealth market in the forecast period mentioned above.
This North America telehealth market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research North America telehealth market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Telehealth Market Size
North America telehealth market is segmented on the basis of component, service, delivery, application and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of component, North America telehealth market is segmented into service, software and device.
- On the basis of service, North America telehealth market is segmented into remote patient monitoring, store-and-forward and real-time interactive.
- On the basis of delivery, North America telehealth market is segmented into on premise and cloud.
- On the basis of application, North America telehealth market is segmented into radiology, cardiology, pathology, dermatology, neurology, home health, primary/urgent care and ICU
- Based on end-use, North America telehealth market is segmented into healthcare payers, healthcare providers and patients.
North America Telehealth Country Level Analysis
North America telehealth market is analysed and market size insights and trends are provided by country, component, service, delivery, application and end-use as referenced above.
The countries covered in the North America telehealth market report are U.S., Canada and Mexico in North America.
The country section of the North America telehealth market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North American brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
North America telehealth market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for North America telehealth, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the North America telehealth market. The data is available for historic period 2010 to 2018.
Competitive Landscape and North America Telehealth Market Share Analysis
North America telehealth market healthcare data informatics software competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North American presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to healthcare data informatics software.
The major players covered in the North America telehealth market are Cerner Corporation, GE Healthcare, Honeywell Life Care Solutions, McKesson Corporation, Ergotron., Medtronic, Inc, InstaMD, The Medvivo Group, Philips Healthcare, USARAD.com, Robert Bosch Healthcare, AMD Global Telemedicine, Siemens Healthcare, Cisco Systems, Inc. SnapMD, Inc, Tunstall Healthcare , among other domestic players. Market share data is available for North America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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