Global Telehealth Market Opportunities And Strategies For Major Players In The Telehealth Market 2021-2030
12 Aug, 2021
The telehealth market consists of sales of telehealth services, software and hardware by entities (organizations, sole traders and partnerships) that are engaged in providing clinical and non-clinical healthcare services and solutions digitally, for the smooth functioning of healthcare services.
Global Telehealth Market Size And Drivers:
The global telehealth market reached a value of nearly $83,076.2 million in 2020, having increased at a compound annual growth rate (CAGR) of 26.7% since 2015. The market is expected to grow from $83,076.2 million in 2020 to $319,192.8 million in 2025 at a rate of 30.9%. The telehealth market is then expected to grow at a CAGR of 10.3% from 2025 and reach $521,774.9 million in 2030. Increasing demand for telehealth services in diagnostics for COVID-19 and other illnesses during the lockdown period is expected to be a major driver of the market going forward.
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Trends In The Global Telehealth Market
Implementing and integrating the Internet of Medical Things for telehealth can play a major role in health monitoring of patients. As technology becomes an essential component for quality healthcare services, healthcare service providers are focusing on adopting wireless connectivity and using the right tools for managing their services. The Internet of Medical Things (IoMT) is an amalgamation of medical devices and applications that can connect to health care information technology systems using networking technologies. With the onset of the COVID-19 pandemic, hospitals and doctors’ offices are becoming hotspots for the virus to spread, whereas using the IoMT to monitor and provide treatment to patients from the comfort of their houses or offices is a much safer and more convenient approach, especially with the geriatric population being more prone to diseases.
Global Telehealth Market Segments:
The global telehealth market is further segmented based on component, mode of delivery, application and geography.
By Component: Hardware, Software, Service
By Mode Of Delivery: Cloud-based, On-Premise
By Application: Teleradiology, Teleconsultation, TeleICU, Telestroke, Telepsychiatry, Teledermatology, Other Applications
By End-User: Healthcare Providers, Patients, Payers, Others
By Geography: The global telehealth market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the telehealth market in 2020.
Read More On The Report For The Global Telehealth Market At:https://www.thebusinessresearchcompany.com/report/telehealth-global-market
Telehealth Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides telehealth market overviews, analyzes and forecasts market size and growth for the global telehealth market, telehealth market share, telehealth market players, telehealth market segments and geographies, telehealth market’s leading competitors’ revenues, profiles and market shares. The telehealth market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.