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Global Telehealth Market By Type (Tele-home and Tele-hospitals), By Application (Teleradiology, Telepsychiatry, Others.), By Mode of Delivery (On-Premise and Cloud), By Component, By End-Users, By Region, Forecast & Opportunities to 2026

The global telehealth market accounted for a value of USD 35.2 billion in 2019 and is projected to register growth at a CAGR of 31.1% during forecast period.

COVID-19 has impacted the telehealth market. Corona virus has drastically affected human health and economic of various countries. The cases of corona virus are increasing across the world and it creates huge opportunities for telehealth market solutions. It helps in maintaining social distancing which reduces spread of corona virus. Telehealth ensure affordable and safe healthcare to patients across the world. The market for telehealth care is likely to witness immense growth due to pandemic.

Definition:

Telehealth is utilization of digital communication and information technologies to access healthcare services at remote locations for the management of health. Telehealth helps in connecting patients to healthcare services through video conferencing, remote monitoring and wireless communications.

Market Dynamics (Drivers/Opportunities):

The increase in transmission of corona virus leads to adoption of various technologies around the world. The demand for better and improved healthcare technologies is increasing worldwide. Various technologies such as chatbots, robots and telemedicine are widely used in healthcare due to spread of corona virus. This drives growth in telehealthcare market during forecast period.

Various new and innovative technologies are deployed to treat patients, make diagnosis and to gather information. This technology even helps in preparing vaccines. There was a global shortage in healthcare workers and hospitals beds. Telehealthcare provides innovative solutions for healthcare facilities. This drives growth in telehealthcare market during forecast period.

Market Insights, by Component

On the basis of component, the telehealthcare market is segmented into software & services and hardware. The software & services segment is estimated to hold largest market share in 2019. The hardware segment is estimated to register growth at highest CAGR during forecast period. The adoption of hardware is increasing in telehealthcare market. It is very useful in healthcare. It ensures safety and improved healthcare solutions. This drives growth in hardware segment during forecast period.

 

Market Insights, by Application

On the basis of application, the telehealthcare market is segmented into teleradiology, telepsychiatry, telepathology, teledermatology, telecardiology and others. The teleradiology segment is accounted for largest market share in 2019 and it is estimated to maintain its dominance during forecast period. The demand and adoption is increasing for imaging practices and workflow by healthcare providers. The streamlining and regulation of teleradiology is increasing across the world. This is likely to drive growth in teleradiology segment during forecast period.

Market Insights, by Type

On the basis of type, the telehealthcare market is segmented into tele-home and tele-hospitals. The tele-hospitals segment accounted to for largest market share in 2019. The adoption of tele-hospitals is increasing in various regions of the world and telemedicine services are also widely adopted by various countries. However, the tele-home segment is estimated to register highest growth during forecast period. The need for remote monitoring of patients is increasing. The government is taking various initiatives to promote tele-home services. The increasing use of internet has increased awareness about health and this drives growth in tele-home solutions during forecast period.

Regional Insights

North America region accounted for largest market share in 2019. The chronic diseases are increasing in this region at rapidly and the adoption of telehealthcare is increasing at fastest rate. However, Asia-Pacific region is estimated to register growth at highest CAGR during forecast period. The population in very high in this region and the chronic disease cases are increasing at rapid rate. The outbreak of corona virus has also lead to growth of telehealthcare segment in this region. The government has adopted several policies to increase healthcare facilities during COVID-19. The government is mainly focusing on improving the quality care for patient and this leads to high rate adoption of telehealthcare segment. This drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in telehealthcare market are 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 and VSEE.

Segments Covered in the Report

This report forecasts The Global Telehealthcare Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global telehealthcare market report on the basis of type, component, application, mode of delivery and end-users.

Telehealth Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Telehealth Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Tele-home
  • Tele-hospitals
  1. Telehealth Market, By Component , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Software & Services
  • Hardware
  1. Telehealth Market, By Mode of Delivery , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Cloud-Based
  • On-Premise
  1. Telehealth Market, By Application , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Teleradiology
  • Telepsychiatry
  • Telepathology
  • Teledermatology
  • Telecardiology
  • Others
  1. Telehealth Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Providers
  • Payers
  • Patients
  • Others
  1. Telehealth Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Component
    • By Mode of Delivery
    • By Application
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Component
      • By Mode of Delivery
      • By Application
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Component
        • By Mode of Delivery
        • By Application
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Component
          • By Mode of Delivery
          • By Application
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Component
            • By Mode of Delivery
            • By Application
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • VSEE
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • 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
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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