DUBLIN--(BUSINESS WIRE)--The "Telehealth Market to 2025 - Global Analysis and Forecasts by Product, Type, Mode of Delivery and End User" report has been added to ResearchAndMarkets.com's offering.
The telehealth market is estimated to account for US$52,897.2 mn by the end of 2025, escalating at a CAGR of 15.7% during the forecast period from 2018 to 2025, rising from US$17,289.9 mn in 2017.
The growth of the telehealth market can be attributed to the increasing adoption of the home monitoring programs for treatment. Home monitoring programs are designed to help patients with frequent ER visits or re-hospitalization to receive treatment in the comfort of their home. The goal of the home monitoring programs is to reduce hospital readmissions or trips to the physician and reduce length of stays in hospitals.
For instance, in November, 2017, Medtronic launched a new telehealth service with the Medtronic Care Management Services that support the U.S. Department of Veterans Affairs (VA) for Home Telehealth Devices and Services. Furthermore, improvement in ICT technologies is expected to offer wide growth opportunities for the players operating in the telehealth market during the forecast period.
North America is anticipated to hold significant share in the global telehealth market, owing to factors such as government initiatives, investments made by the major companies, and advancements in ICT and remote monitoring technologies, coupled with high acceptance among the customers especially in the US and Canada.
The demand for telehealth is anticipated to increase at a considerable rate in Asia-Pacific region during the forecast period, owing to increasing demand in China. China has a well-defined telehealth systems present in its healthcare systems also the EHR systems are adopted by various providers. The high growth of this region can be attributed to increasing geriatric population and growing technological advancements that enable mobile telehealth in rural and urban areas.
The market for telehealth consists of well-recognized organizations as well as emerging companies namely;
- Cerner Corporation
- Tunstall Healthcare
- AMD Global Telemedicine, Inc.
- Philips Healthcare
- Cisco Systems, Inc.
- Aerotel Medical Systems Ltd.
- Honeywell Life Care Solutions
- Medvivo Group Ltd.
- American Well
Key Topics Covered:
2 Key Takeaways
3 Telehealth Market Landscape
4 Telehealth Market - Key Industry Dynamics
5 Telehealth Market Analysis- Global
6 Telehealth Market - Global Regulatory Scenario
7 Telehealth Market Revenue and Forecasts To 2025 - Type (US$ Mn)
8 Telehealth Market Revenue and Forecasts To 2025 - Mode of Delivery (US$ Mn)
9 Telehealth Market Revenue and Forecasts To 2025 - End User (US$ Mn)
10 North America Telehealth Market Revenue and Forecasts To 2025 - Country Analysis
11 Europe Telehealth Market Revenue and Forecasts To 2025 - Country Analysis
12 Asia Pacific Telehealth Market Revenue and Forecasts To 2025 - Country Analysis
13 Middle East and Africa (MEA) Telehealth Market Revenue and Forecasts To 2025 - Geographical Analysis
14 South and Central America Telehealth Market Revenue and Forecasts To 2025 - Geographical Analysis
15 Industry Landscape
16 Telehealth Market, Key Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/kq734k/52_89_billion?w=4