Aarkstore Enterprise announced Latest Trending Market Research Report Titled “Global Telehealth Market (2018-2023)” under the Healthcare category. The global telehealth market is expected to grow at a CAGR of 23.0% from 2018 to 2023 to reach USD 12,105.2 million by 2023.
The global telehealth market is expected to grow at a CAGR of 23.0% from 2018 to 2023 to reach USD 12,105.2 million by 2023.
The global telehealth market is witnessing a higher adoption rate owing to an increasing geriatric population, prevalence of chronic diseases, and higher government spending on the healthcare market. The telehealth market has made it possible to provide better healthcare services by bridging the gap between doctors and patients. These factors are expected to drive the market, helping it expand at a CAGR of 14.1% during the 2017-2022 period.
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Technology segment insights:
Remote patient monitoring (RPM) occupied a market share of 63% in 2017, being the most prevalent telehealth market technology. Recent regulations in countries like the United States (U.S.), Canada, and the United Kingdom (U.K.), mandate the imposition of fines on readmission of patients within 30 days of discharge. These regulations, along with rising healthcare market costs, are the significant drivers of RPM adoption. Mobile health (mHealth), having held a market share of 22% in the same year, shows a lot of promise in the wide distribution of medical information to both patients and medical practitioners. The video telemedicine market accounted for a share of 15% in 2017.
Application segment insights:
The adoption of teledermatology is the highest among the application segments, due to the high cost of the specialty healthcare market. This segment includes dermatology and makes available advanced imaging technologies. Close on its heels are teleradiology (25%) and telecardiology (24%). Telecardiology is driven by the higher prevalence of cardiac ailments across the world, and specific heart conditions like cardiac arrhythmia which require constant monitoring over a long period. Cancer patients need regular check-ups, which may not be possible for patients who stay far from hospitals. Teleradiology is a boon for these patients, allowing them to lead healthy lives.
Regional insights:
North America has exhibited the highest adoption of telehealth/telemedicine Market technologies and occupied approximately 49% of the telehealth global industry in 2017. The region has stringent healthcare regulations, along with a high incidence of chronic diseases and steep healthcare market expenses for employers, all of which resulted in the broader implementation of telehealth. Significant government investments in developing telehealth market infrastructure have led to the growth of the market in Europe. Currently, the region accounts for a 33% market share. Asia-Pacific, Latin America, and the Middle East and Africa are nascent markets that are expected to exhibit high growth in the future.
Companies covered:
View Full Market Research Reports on Market: https://www.aarkstore.com/healthcare/1074935/global-telehealth-market-2018-2023
About Aarkstore Enterprise
Aarkstore curates global market research reports from various industry verticals and serves businesses worldwide. As market research report resellers, we at Aarkstore, partner with established publishers for both; syndicated data and customized reports. The market research data supplied by us is up-to-date and reliable for current day industry analysis and future market forecasts equally.
Avail Market Research Reports from us and gathers critical information about customer preferences, market requirements, key drivers and challenges for your business to align your strategies with them. The comprehensive overview of the market provided will allow you to make insight-driven decisions giving you an upper hand in the competitive landscape.
Contact Us:
Aarkstore Enterprise
+91 9987295242 | contact@aarkstore.com | www.aarkstore.com
The global telehealth market is expected to grow at a CAGR of 23.0% from 2018 to 2023 to reach USD 12,105.2 million by 2023.
The global telehealth market is witnessing a higher adoption rate owing to an increasing geriatric population, prevalence of chronic diseases, and higher government spending on the healthcare market. The telehealth market has made it possible to provide better healthcare services by bridging the gap between doctors and patients. These factors are expected to drive the market, helping it expand at a CAGR of 14.1% during the 2017-2022 period.
To Get a Free Report Sample, Kindly Contact Us On: contact@aarkstore.com
Technology segment insights:
Remote patient monitoring (RPM) occupied a market share of 63% in 2017, being the most prevalent telehealth market technology. Recent regulations in countries like the United States (U.S.), Canada, and the United Kingdom (U.K.), mandate the imposition of fines on readmission of patients within 30 days of discharge. These regulations, along with rising healthcare market costs, are the significant drivers of RPM adoption. Mobile health (mHealth), having held a market share of 22% in the same year, shows a lot of promise in the wide distribution of medical information to both patients and medical practitioners. The video telemedicine market accounted for a share of 15% in 2017.
Application segment insights:
The adoption of teledermatology is the highest among the application segments, due to the high cost of the specialty healthcare market. This segment includes dermatology and makes available advanced imaging technologies. Close on its heels are teleradiology (25%) and telecardiology (24%). Telecardiology is driven by the higher prevalence of cardiac ailments across the world, and specific heart conditions like cardiac arrhythmia which require constant monitoring over a long period. Cancer patients need regular check-ups, which may not be possible for patients who stay far from hospitals. Teleradiology is a boon for these patients, allowing them to lead healthy lives.
Regional insights:
North America has exhibited the highest adoption of telehealth/telemedicine Market technologies and occupied approximately 49% of the telehealth global industry in 2017. The region has stringent healthcare regulations, along with a high incidence of chronic diseases and steep healthcare market expenses for employers, all of which resulted in the broader implementation of telehealth. Significant government investments in developing telehealth market infrastructure have led to the growth of the market in Europe. Currently, the region accounts for a 33% market share. Asia-Pacific, Latin America, and the Middle East and Africa are nascent markets that are expected to exhibit high growth in the future.
Companies covered:
- McKesson Corporation
- Medtronic Inc.
- Cisco Systems
- GE Healthcare
- Allscripts Healthcare
- Siemens Healthineers
- LifeWatch AG
- Philips Healthcare
- Honeywell
- Cerner Corporation
View Full Market Research Reports on Market: https://www.aarkstore.com/healthcare/1074935/global-telehealth-market-2018-2023
About Aarkstore Enterprise
Aarkstore curates global market research reports from various industry verticals and serves businesses worldwide. As market research report resellers, we at Aarkstore, partner with established publishers for both; syndicated data and customized reports. The market research data supplied by us is up-to-date and reliable for current day industry analysis and future market forecasts equally.
Avail Market Research Reports from us and gathers critical information about customer preferences, market requirements, key drivers and challenges for your business to align your strategies with them. The comprehensive overview of the market provided will allow you to make insight-driven decisions giving you an upper hand in the competitive landscape.
Contact Us:
Aarkstore Enterprise
+91 9987295242 | contact@aarkstore.com | www.aarkstore.com
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