According to the latest Telehealth market research report by GMI Research: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2020-2027. The Telehealth Market examines the impact of the COVID-19 pandemic. The market represents a sharp fall in 2020 and will accelerate at a significant growth rate from 2021 onwards. Telehealth refers to the process of using digital information and communication technologies, including computers and mobile devices, to access health care services remotely. This technology can be easily used from home. The main aim of telehealth is to make health care services accessible to people living in rural or isolated communities.
Competitive Landscape: The Telehealth Market report also scans the competitive landscape and profiles the major players operating in the market, including Aerotel Medical Systems Ltd., Philips Healthcare, Medtronic PLC, Honeywell Life Care Solutions, AMD Global Telemedicine Inc., Cisco Systems Inc., Tunstall Healthcare, Care Innovations, Medvivo Group Ltd., Globalmedia Group LLC, and Cerner Corporation.
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The global telehealth market size is projected to expand at a substantial rate over the coming years. The increasing geriatric population, strong demand for affordable treatment, and rising prevalence of chronic diseases are the significant factors contributing to the growth of the telehealth market. Additionally, the continuous technological advancements such as in telecommunication infrastructure will further energize the market growth during the forecast period.
As per the telehealth market analysis, the services segment is anticipated to dominate the telehealth market owing to the accelerated adoption of remote monitoring solutions by patients majorly in the rural areas. The increasing coronavirus crisis around the world, especially in 2020, is surging the demand for teleconsultations around several countries. The rising emphasis on maintaining social distance and staying at home has encouraged governments, hospitals, e-pharmacies, and corporate organizations to opt for telemedicine to minimize the spread of the virus. Due to the coronavirus awareness caused by the virus outbreak, numerous telemedicine players have witnessed an increase in the demand for online doctor consultations. All these factors are responsible for the rapid expansion in the telehealth market size in terms of revenue.
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Market Segments:
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Mode of Delivery:
- Web-Based
- Cloud-Based
- On-Premises
Breakup by Region:
• North America
o United States of America
o Canada
• Asia Pacific
o China
o Japan
o India
o Rest of APAC
• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
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