In-depth assessment of telehealth market shares, strategies, products, and distribution networks of the leading players in the telehealth market. The report analyzes the telehealth market by component, mode of delivery, and end user. In the coming years, the telehealth market is expected to witness the highest growth in the Asia-Pacific region, with emphasis on India, China, and Japan.
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Complete Report on Telehealth Market spread across 208 Pages, Profiling 14 Companies and Supported with 130 Tables and 41 Figures is now available at www.rnrmarketresearch.com/teleheal…arket-report.html .
The telehealth market projected to reach USD 9.35 billion by 2021 from USD 2.78 billion in 2016, at a CAGR of 27.5% in next five years (2016 to 2021). Healthcare industry undergoing a fundamental transformation globally—a shift from a volume-based business to a value-based business.
Growing demands from consumers for improved healthcare quality & greater value are forcing healthcare providers and payers to deliver optimized outcomes.
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Stakeholders of the Telehealth Market
- Healthcare IT Service Providers
- Healthcare Insurance Companies/Payers
- Healthcare Institutions/Providers (Hospitals, Medical Groups, Physician Practices, Diagnostic Centers, and Outpatient Clinics)
- Venture Capitalists
- Government Bodies
- Corporate Entities
- Market Research and Consulting Firms
- Medical Device Manufacturers
- Accountable Care Organizations
- Community Centers
- Telehealth Resource Centers
North America expected to account for largest share of telehealth market, followed by Europe, Asia-Pacific, & Rest of the World (RoW). In U.S., telehealth market driven by rising healthcare costs, upcoming regulatory policies, shortage of physicians, growth in geriatric population, implementation of Affordable Care Act (ACA), and increasing funding for telehealth.
In coming years, telehealth market expected to witness highest growth in Asia-Pacific region, with emphasis on India, China, and Japan. This can be attributed to factors like growth in geriatric population in Japan, favorable initiatives for adoption of telepathology in China, & low doctor-patient ratio and high internet penetration in India.
- By Company Type: Tier 1: 50%, Tier 2: 42%, Tier 3: 8%
- By Designation: Director Level: 58%, C-Level: 25%, Others: 17%
- By Region: North America: 46%, Europe: 31%, APAC: 15%, ROW: 8%
Key players in this market are as follows Philips Healthcare (The Netherlands), Medtronic plc (Ireland), Honeywell Life Care Solutions (U.S.), Tunstall Healthcare (U.K.), Care Innovations (U.S.), Cerner Corporation (U.S.), Cisco Systems, Inc. (U.S.), Medvivo Group Ltd. (U.K.), GlobalMedia Group, LLC (U.S.), Aerotel Medical Systems Ltd.
(Israel), AMD Global Telemedicine, Inc. (U.S.), American Well (U.S.), InTouch Health (U.S.), and Vidyo, Inc.
Competitive Assessment: In-depth assessment of market shares, strategies, products, & distribution networks of leading players in telehealth market. Market Diversification: Exhaustive information about new products, untapped regions, recent developments, & investments in telehealth market.
Growth in geriatric population, rising prevalence of chronic diseases, dearth of healthcare professionals worldwide, improvements in telecommunication infrastructure, technological advancements, benefits of telehealth, and need for affordable treatment options due to rising healthcare costs are some factors expected to drive growth of global telehealth market in coming years.
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