June 23, 2022

Telehealth Market 2022-2030 The growing use of telephone for daily purposes has led to the development of healthcare services

Telehealth market

The telehealth market size was USD 62.22 billion in 2021 and is expected to register a revenue CAGR of 36.1% during the forecast period

NEW YORK CITY, NEW YORK, USA, June 3, 2022 /EINPresswire.com/ — The Telehealth market is expected to reach USD 984.23 billion in 2030 and register a robust revenue CAGR of 36.1% over the forecast period, according to the latest report published by Reports and Data. The key factors driving the revenue growth of the global market are increasing geriatric population, high awareness of telehealth services, increasing internet penetration and growing number of smartphone users globally.

Telehealth is the use of telecommunication services to deliver health care virtually. It is best suited for elderly patients or people who cannot easily travel to their health care providers. These services are cheaper than in-person consultations, do not require waiting in hospital/clinic queues, and can be accessed using smartphones and tablets via voice or video call. The telehealth service has been beneficial after the COVID-19 outbreak as people prefer online consultations to limit the risk of exposure to infections. The increase in government initiatives to promote these services and products, the shortage of physicians and medical specialists, the emphasis on improving healthcare infrastructure and facilities, and the growing demand for remote monitoring of patients among Geriatric population and patients living in remote areas are key factors driving the growth of the global market. Furthermore, increasing investments from various public and private organizations and increasing emphasis on developing more improved telehealth services and products are expected to fuel the growth of the global market in the near future.

However, factors such as regional regulatory variations, the growing number of fraudulent activities, growing concerns about data security, low acceptance of telehealth services by some physicians and the elderly population, and technological barriers such as Significant data storage issues as well as poor internet services are expected to hamper the overall market growth in the future.

Top players featured in the report include:

• Teladoc Health, Inc.
• MDLIVE
• Included Health Inc.
• American Well Corporation
• iCliniQ
• Others

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The Global Telehealth Market report takes an in-depth look at current and emerging industry trends and examines the advancements in the technology and product sector in detail. The report talks about the current, emerging and disruptive technologies in the healthcare sector that are impacting the growth of the market. Improvements in service quality, automation, increased emphasis on patient-centric approaches, and rapid adoption of telehealth, especially amid the COVID-19 pandemic, have accelerated the market growth .

The integration of advanced technologies such as artificial intelligence, machine learning, virtual reality, augmented reality and wearable devices has become an important tool in the healthcare industry. Home delivery of medicines, modernization of medical facilities and increased investment in technology are some key emerging trends and are expected to continue to prevail in the future. Key companies are actively investing in advanced technologies and forming strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, licensing agreements and corporate agreements to gain a solid foothold in the market.

The report further segments the telehealth market on the basis of different product types offered by the market, spectrum of applications, end-use industries, regions, and technologies, among others. The regional analysis of Telehealth Market provides a detailed overview of the key regions where the market has gained a strong footing. It also studies import/export, production and consumption patterns, supply and demand ratio, trends, demands and presence of major players in the regions.

On the basis of component types, the telehealth market is segmented into:
• Some products
• Services
Based on Application, Telehealth Market is segmented into:
• Telepathology
• Teledermatology
• Telecardiology
• Others

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Segmentation of the telehealth market based on regions:
• North America (United States, Canada, Mexico)
• Europe (Germany, UK, France, Italy, Spain, Benelux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, rest of Asia-Pacific)
• Latin America (Brazil, Rest of Latin America)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of Middle East and Africa)

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Summary of Telehealth Market Research Report:
• Relevant information on the global telehealth market
• Strategic recommendations for investment opportunities
• The report covers important industry related statistics along with products, applications, price analysis, demand and supply, and rate of production and consumption
• Emerging trends and analysis of current market segments to help investors formulate new business strategies
• In-depth SWOT analysis and Porter’s five forces analysis, as well as feasibility analysis and ROI analysis

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