NEW YORK--(BUSINESS WIRE)--Netscribes, Inc., a global market intelligence firm, released its Global Telehealth Market Report today. According to Netscribes, the global telehealth market is estimated to grow at a compound annual growth rate (CAGR) of 14% and will be worth USD 25.30 billion by 2022.
The significant drivers contributing to the growth in the telehealth market include the emergence of mobile health hubs, advancement of healthcare technology and infrastructure, and expected growth in wearable technology.
Some of the key challenges in the telehealth market are high installation charges of telehealth devices, lack of reimbursement policies, problems in practice regulations, and awareness of the technology. Additionally, low internet penetration and lack of healthcare technology and infrastructure play a significant role in restricting the expansion of global telehealth solutions.
Key highlights from the report:
- North America is expected to hold the largest market share throughout the forecasted period (2017-2022), while the Asia-Pacific region is expected to experience the highest growth.
- Improvement of healthcare infrastructure is expected to attract more funding and investment and support growth of new technologies like telehealth services.
- An increase in the aged population is driving the telehealth market in Europe. Germany contributes significantly owing to availability of high-speed internet, use of eHealth cards, and high mobile phone penetration.
For more information, download the Netscribes Global Telehealth Market Report 2017.
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Netscribes is a global market intelligence and content services provider that helps corporations achieve strategic objectives through a wide range of offerings. Our solutions rely on a unique combination of qualitative and quantitative primary research, secondary/desk research, social media analytics, and scientific research. For more than 15 years, we have helped our clients across a range of industries, including technology, financial services, healthcare, retail, and CPG. Fortune 500 companies, as well as small- to mid-size firms, have benefited from our partnership with relevant market and competitive insights to drive higher growth, faster customer acquisition, and a sustainable edge in their business.
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