Telehealth Market Size Is Projected to Reach USD 16,173 Million at a 22.74% CAGR By 2024

Telehealth Market: Information By Component (Hardware, Software and Services), By Mode of Delivery (Web/Cloud-Based and On-Premise), By Application (Radiology, Cardiology, Primary Care, Neurophysiology and others), By End User (Hospitals and Clinics, Diagnostic Centers, Home Care and others) – Global Forecast till 2024

Competitive Landscape

The global market for telehealth has many growth factors supporting it. But analysts also warn companies to be cautious about the latest market trends covered in the report. The factors which could affect the global telehealth market are also analyzed and are presented in the report. In order to carry out the research, analysts have deeply studied the market and have gathered data from primary and secondary sources. The sources include key healthcare industry stakeholders, policy makers, large corporations, manufacturers, vendors, suppliers, investors, and key decision makers. The data is further analyzed and is presented to derive conclusions about the factors that could support the growth of the telehealth market or negatively affect market growth.

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Regional Overview

The telehealth market analysts have segmented the global market into regional markets. The regions covered in the telehealth market report are North America, Asia-Pacific (APAC), Europe, and the rest of the world. In the North American market, many companies functioning in the telehealth market are spread across the United States, Canada, and Mexico. The European market for telehealth has businesses across major European countries including Germany, France, Spain, Italy, and the United Kingdom. Similarly, the global telehealth market is also spread across India, China, and Japan in the Asia-Pacific region. The market report also covers other parts of the world including the Middle East, Africa, among others.

The global telehealth market report provides comprehensive analysis of regional markets on the basis of telehealth market performance, market size, and revenue. The report also provides growth projections for the telehealth market. Additionally, the report includes key player profiling. This section covers detailed analysis of major companies operating in the telehealth market. The report also provides key details about these companies.

Trends and Insights

The telehealth market is anticipated to grow by US$16,173.8 Million by 2024 rapidly growing at a CAGR of 22.74% during the forecast period. The global telehealth industry is powered by rising demand for healthcare services, on-going technical growth, and high penetration of cell phones. In the telehealth business report, an updated overview of the complexities of the telehealth market, recent trends, and overall industry success specifics are provided. Primary and secondary data are the basis of the study study. This data is gathered from leading organizations, players in the telehealth industry, members of companies, and key decision makers.

Market Segmentation

The global telehealth market has been segmented based on component, mode of delivery, application, end user. On the basis of components, the market for telehealth is segmented based on software, hardware, and services. Additionally, the market on the basis of mode of delivery, is segmented into on-premise and web/cloud-based. The global market for telehealth is also covered based on the applications segment which is further split into radiology, neurophysiology, primary care, cardiology and others. Aalso, the market is segmented based on end users into diagnostic centers, hospitals and clinics, home care and others.

Factors like growing occurrence of chronic ailments, ease to access, collaboration among major companies, and favorable policies and initiatives by governments in many countries support the telehealth market growth. The performance of the telehealth market has also been studied for the past and current years. Additionally, the telehealth market report provides detailed analysis of different market segments mentioned above. It also provides analysis of sub-segments to help assist companies active in the global telehealth market.

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Industry News

With one or two primary transactions relating to facilities in telehealth, ISW Holdings Inc. has confirmed that they will end key innovations and updates for its business in Telehealth. Management claims that these strategic measures have the ability in 2021, from a baseline exceeding $1 million in 2020, to drive profits by as much as 500 percent year-on-year.

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