Global Telehealth Services Market Charecterstics
Telehealth services include the distribution of health-related services and information through electronic form and telecommunication technologies. It is the one of the fastest growing sectors in the healthcare industry.
Global Telehealth Services Market Competitive Landscape
The major players in the global telemedicine technologies market include Aerotel Medical Systems, Cerner Corporation, AMD Telemedicine, GE Healthcare and Polycom Inc.
Global Telehealth Services Market Size
The global telehealth services market is expected to reach around $77 billion, growing at a double CAGR in the forecast period. Growth in telemedicine technologies market is mainly due to the rising disposable income, ageing population, presence of mobile technologies and growing awareness among consumers about telehealth services.
However, several restraints such as privacy and security concerns and high maintenance costs are expected to hinder the overall growth of the global telehealth services market.
Global Telehealth Services Market Segmentation
The global telehealth services market is segmented on the basis of service area, applications and geography.
By Type Of Service Area- the global telehealth services market is segmented into tele-home and tele-hospital segments.
Tele-home telehealth services involves the delivery of healthcare services directly to patients at home by means of telecommunications technologies that enables the interactive voice, video and health related data. This is done by healthcare professional from an external site.
Tele-hospital involves the delivery of remote healthcare services to inpatients or healthcare service offerings within the hospital.
Among these segments, tele-hospital holds the largest market share in the global telehealth services market. However, the tele-home segment is expected to grow at the highest CAGR in the forecast period.
By Applications- The global telehealth services market is segmented into tele-radiology, tele-consultation, tele-monitoring, tele-surgery and others.
Tele-radiology is defined as a medical technology that is used to store and transmit digital radiology images electronically from one location to another location for the diagnosis, consultation or treatment.
Tele-consultation provides the virtual communication between healthcare professional at two different locations to get the opinion about a difficult care or between a patient and healthcare professional to consult about the diagnosis, treatment of services through tools such as web conferencing or audio/video conferencing.
Tele-monitoring offers remotely monitoring of patients who are not at the same location as the health care provider.
Tele-surgery is also known as remote surgery, which is performed by a surgeon virtually but not physically being present at the patient location. The surgical tasks are directly performed by a robotic system that is controlled by a specialist at a remote site.
Among these applications, the market for tele-radiology segment accounted the largest market share, followed by the tele-consultation segment, in the global telemedicine technologies market.
By Geography- The global telehealth services market is segmented into the Americas, Europe, Asia Pacific and Rest of the World. Among these regions, the North American telehealth services market accounts for the largest share in the global telehealth services market.
Potential Opportunities In The Telehealth Services Market
With the growing ageing population, rising disposable income, digitalization and rising awareness for telemedicine is expected to increase the potential and scope for the global market for telehealth services. TBRC’s report also covers the telemedicine mobile healthcare trends in the market.