The latest report by IMARC Group, titled “Telehealth Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“ offers a comprehensive analysis of the industry, which comprises insights on the telehealth market growth. The global market size reached US$ 19.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 97.3 Billion by 2032, exhibiting a growth rate (CAGR) of 19.7% during 2024-2032.
Telehealth is a rapidly evolving segment of healthcare that leverages technology to deliver medical services remotely. It allows healthcare providers to consult with patients via video calls, phone conversations, or text, facilitating timely medical advice without the need for physical visits to a medical facility. It is also extremely useful for the ongoing management of chronic conditions, as it enables regular monitoring without frequent trips to a doctor's office. The COVID-19 pandemic accelerated the shift toward telehealth services, showcasing its effectiveness in reducing the risk of transmission while maintaining healthcare accessibility. Telehealth is a vital tool that promises to reshape the future of healthcare, making it more convenient and accessible for everyone. In recent years, telehealth has proven to be a valuable resource, especially in rural areas with limited healthcare access.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/telehealth-market/requestsample
Telehealth Market Trends and Drivers:
The global telehealth market is primarily driven by a growing emphasis on remote patient monitoring and virtual consultations, especially due to the impact of the COVID-19 pandemic. Telehealth helps reduce the strain on healthcare facilities and mitigate the risk of infection. Moreover, rapid technological advancements, including high-speed internet, secure cloud storage, and user-friendly apps that make telehealth services more accessible and reliable, are propelling market growth. Apart from this, the rising regulatory changes that facilitate the broader adoption of telehealth solutions have catalyzed market growth. For instance, changes in reimbursement policies in numerous countries now cover telehealth services, making them more financially viable. Furthermore, the integration of Artificial Intelligence (AI) and big data analytics in telehealth platforms that offer promising avenues for personalized care and improved diagnostics is contributing to market growth.
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Breakup by Component:
- Software
- Hardware
- Services
Breakup by Communication Technology:
- Video Conferencing
- mHealth Solutions
- Others
Breakup by Hosting Type:
- Cloud-Based and Web-based
- On-Premises
Breakup by Application:
- Teleconsultation and Telementoring
- Medical Education and Training
- Teleradiology
- Telecardiology
- Tele-ICU
- Tele-Psychiatry
- Tele-Dermatology
- Others
Breakup by End-User:
- Providers
- Patients
- Payers
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitive Landscape with Key Players:
- Aerotel Medical Systems
- Allscripts Healthcare LLC
- AMD Global Telemedicine Inc.
- American Well Corporation
- Biotelemetry Inc.
- Cerner Corporation
- Cisco Systems Inc.
- GE Healthcare Inc. (General Electric)
- Honeywell Life Care Solutions
- Medtronic Inc.
- Philips Healthcare
- Teladoc Health Inc.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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