Worldwide Telehealth Industry to 2025 – Advancements in Telecommunications Presents Opportunities – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Telehealth Market (2020-2025) by Component, Application, Mode of Delivery, End-User, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Telehealth Market is estimated to be USD 63.4 Bn in 2020 and is expected to reach USD 167.2 Bn by 2025, growing at a CAGR of 21.4%.
Certain factors such as a rise in the prevalence of chronic diseases and scarcity of physicians have led to a growth in this market. Moreover, with additional growth of investments in medical sciences, rising collaborations, and the fast up-grading of telecommunication technologies are likely to further strengthen the telehealth market. The sudden outbreak of coronavirus pandemic is expected to boost telemedicine usage as these solutions help consultants communicate effectively with their patients remotely and provide better solutions regarding their health concerns.
However, concerns regarding data privacy, resistance in technology acceptance by practitioners and patients, high cost of implementation, and knowledge about telehealth hamper the growth of this market.
Market Dynamics
Drivers
- Rising Population and Need to Expand Healthcare Access
- Rising Prevalence of Chronic Conditions
- Cost-Benefit Advantage of Tele-Health & Tele-Medicine
- The dearth of Physicians amidst Increasing Demand
- Growing Number of Smartphone Users
Restraints
- Privacy and Security Concerns
- Diverse Global Regulatory Environment
- Fraud in Telemedicine and Telehealth
- Lack of Knowledge and Trust in the Developing Nations
Opportunities
- High Utility in Combating Infectious Diseases and Epidemics
- Advancements in Telecommunications
- Government Support and Rising Awareness
Trends
- The emergence of Telehealth Robots and Robotic Platforms
- The advent of Technological Developments
Why buy this report?
- The report offers a comprehensive evaluation of the Global Telehealth Market.
- The report includes in-depth qualitative analysis, verifiable data from authentic sources and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys and observation of renowned personnel in the industry.
- The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
- The report also contains a competitive analysis using Positioning Quadrants, a Proprietary competitive positioning tool.
Report Highlights:
- A complete analysis of the market including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Companies Mentioned
- Koninklijke Philips
- Medtronic
- GE Healthcare
- Cerner Corporation
- Siemens Healthineers Ag
- Cisco Systems
- Asahi Kasei Corporation
- Iron Bow Technologies
- American Well
- Teladoc Health
- Medvivo Group
- AMC Health
- Telespecialists
- Doctor on Demand
- Mdlive
- Globalmed
- Medweb
- Vsee
- Imediplus
- Chiron Health
- Zipnosis
- Allscripts Healthcare Solutions Inc.
- AMD Global Telemedicine
- American Well
- BioTelemetry
- Honeywell International Inc.
For more information about this report visit https://www.researchandmarkets.com/r/d54m07
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
