Increasing adoption of EHR platform is driving the market for telehealth over the forecast period.
According to a new market research study titled ‘Telehealth Market to 2025 – Global Analysis and Forecasts by Product, Type, Mode of Delivery and End User, the global telehealth market was valued at US$ 17,289.9 Mn in 2017 and is estimated to reach US$ 52,897.2 Mn by 2025. The report highlights the trends prevalent in the global telehealth market and the factors driving the market along with those that act as deterrents to its growth.
The global telehealth market is a mature market in the developed countries as well as in developing economies worldwide. The technological advancements in telehealth products such as integrated and standalone in the recent years are expected to bolster the market growth. Among the products, the demand for the telehealth is significantly high for integrated, followed by standalone. Integrated telehealth products are used in EHR platforms in hospitals store data digitally. The data include patient medical history patient encounter, audio and visual recording notes creating a digital patient history. Integrated telehealth products enables integration of EHR platform and other devices to connect and communicate directly using a mobile or devices to deliver patient care. Furthermore, adoption of ICT techniques can be another factor which likely to drive the growth of the telehealth market during the forecast period.
The market for telehealth is well established in the region of North America, owing to the awareness regarding medical practices and technological developments in the telehealth. Various market players have been focusing towards shifting their customer base in North America. However, in Asia-Pacific region, China has a well-defined telehealth systems present in its healthcare systems also the EHR systems are adopted by various providers. The high growth of this region can be attributed to increasing geriatric population and growing technological advancements that enable mobile telehealth in rural and urban areas.
The key players operating in the field of telehealth market worldwide include Medtronic, Cerner Corporation, Tunstall Healthcare, AMD Global Telemedicine, Inc., Philips Healthcare, Cisco Systems, Inc., Aerotel Medical Systems Ltd., Honeywell Life Care Solutions, Medvivo Group Ltd., American Well among others.
The report segments the global telehealth market as follows:
Global Telehealth Market – By Product
Global Telehealth Market – By Type
Global Telehealth Market – By Mode of Delivery
Global Telehealth Market – By End Users
Global Telehealth Market – By Geography
Asia Pacific (APAC)
Middle East & Africa (MEA)
South & Central America (SCAM)