Telehealth Market 2020
Telehealth involves the delivery of health and medical consultation via telecommunication and digital communication technologies. The healthcare services provided in telehealth include but are not limited to medical care, healthcare provider and patient education, health information services, and self-care. The various technologies used to provide telehealth are live video chatting, health apps, and remote patient monitoring. Chronically ill or elderly patients can receive guidelines on health procedures while staying at home. Telehealth is an effective way to provide diagnosis and consultation to patients who are geographically far from their preferred healthcare professional.
Market by Top Telehealth Companies, this report covers
Honeywell Life Care Solutions (A Honeywell International, Inc. Company)
Care Innovations (A Subsidiary of Intel Corporation)
Cisco Systems, Inc.
Medvivo Group Ltd.
Globalmedia Group, LLC
Aerotel Medical Systems Ltd.
AMD Global Telemedicine, Inc.
Telehealth is a great tool for healthcare professionals in remote locations too. They can now refer to their expert colleagues to consult on severe medical cases before flying out to a different country. This reduces visitation of ailing patients and their relatives to already crowded medical facilities in remote areas. Since consultation is received at home, vehicular emissions from transportation are reduced thus lowering environmental impact.
Telehealth mobile apps allow patients to track their daily symptoms easily on their mobile phones. They can also set reminders to take their medicine. Users can also access a wide database of resources allowing them to learn about issues like weight management, anxiety, depression, asthma, and more. Video conferencing is a useful tool to provide diagnosis and consultation to inmates in a jail or military personnel in war-torn areas. Another segment of telehealth is remote patient monitoring or RPM. These mobile apps or wearable devices track symptoms and collect a patient’s vitals. They are useful in tracking heart rate, blood glucose level, blood pressure, oxygen levels, respiratory levels, and more.
By services, the report categorizes telehealth market into two parts - remote monitoring and real-time interactions. Remote monitoring refers to mobile apps and wearable devices that collect a patient’s health data and track symptoms. Real-time interactions refer to video conferencing for consultations with healthcare providers in a different geographical area. The second segment of this report is by hardware where it expands on wearable devices like blood glucose monitors. The last segment is by software - integrated and standalone.
North America has the largest contribution to telehealth globally. In the US, the telehealth market is expected to grow to $35 billion dollars by 2025. Globally, the telehealth market is expected to project a CAGR of 23.4% between 2018-2026. This would bring the valuation of the global telehealth market to $266.8 billion. Europe has seen a significant growth in the telehealth industry owing to the rapid adoption of remote patient monitoring techniques in the form of wearable devices. Latin America, Middle East, and Africa continuously witness a high unmet patient population. The technological advancements and improved access of healthcare in other rural areas of the world will bring significant improvements in these areas too.
A fine instance of telehealth market influnce :Wyoming Medicaid monitored pregnant women over the course of their gestation period who used a mobile health app called, Due Date Plus. This app allows women to record pregnancy milestones, access medical services, and find symptom-related information. These women were found to comply better with prenatal care instructions and the occurrence of low birth weight born babies was less.
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Table of Contents –Analysis of Key Points
1 Telehealth Market Overview
2 Manufacturers Profiles
3 Global Telehealth Market Competition, by Players
4 Global Telehealth Market Size by Regions
5 North America Telehealth Revenue by Countries
6 Europe Telehealth Revenue by Countries
7 Asia-Pacific Telehealth Revenue by Countries
8 South America Telehealth Revenue by Countries
9 Middle East and Africa Revenue Telehealth by Countries
10 Global Telehealth Market Segment by Type
11 Global Telehealth Market Segment by Application
12 Global Telehealth Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
List of Tables and Figures
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