The report "Telehealth Market by Component (Hardware (Blood Glucose Monitors), Software (Integrated),
Services (Remote Monitoring, Real-time Interactions)), End User (Providers, Payers, Patients), & Mode of
Delivery (Web, Cloud)) - Global Forecast to 2021", This report studies the global telehealth market for the forecast
period of 2016 to 2021. This market is expected to reach USD 9.35 Billion by 2021 from USD 2.78 Billion in 2016,
growing at a CAGR of 27.5%. The global telehealth market is segmented on the basis of component, mode of
delivery, end user, and region
Browse 130 market data tables and 41 figures spread through 208 pages and in-depth TOC on “Telehealth
Market by Component (Hardware (Blood Glucose Monitors), Software (Integrated), Services (Remote
Monitoring, Real-time Interactions)), End User (Providers, Payers, Patients), & Mode of Delivery (Web, Cloud))
- Global Forecast to 2021”
http://www.marketsandmarkets.com/Market-Reports/telehealth-market-201868927.html
Early buyers will receive 10% customization on reports.
By component, the telehealth market is categorized into services, software, and hardware. The services segment is
expected to command the largest share of the global telehealth market, by component in 2016. This is attributed to
factors such as increasing adoption of remote monitoring solutions by patients in remote rural areas, technological
advancements in telecommunication, and introduction of ACA and similar legislations in the U.S. The software
segment, on the other hand, is an integral part of telehealth solutions and works as an interface between the
database and end users. Owing to this, the software segment is expected to witness the highest growth in the
forecast period.
On the basis of end users, the global telehealth market is segmented into providers, payers, patients, and other end
users (employer groups and government bodies). In 2016, the providers segment is estimated to account for the
largest share of the global telehealth market, by end user. This can be attributed to the implementation of the
Affordable Care Act and Hospital Readmissions Reduction Program in the U.S. (which is aimed at lowering
healthcare costs by making use of novel solutions such as telehealth) as well as the high demand for telehealth
solutions among healthcare providers owing to various benefits offered by these solutions.
Speak to Analyst:- http://www.marketsandmarkets.com/speaktoanalyst.asp?id=201868927
On the basis of region, the global market is divided into North America, Europe, Asia-Pacific, and the Rest of the
World. In 2016, North America is poised to account for the largest share of the telehealth market, followed by Europe
and Asia-Pacific. However, the Asia-Pacific market is slated to grow at the highest CAGR during the forecast period.
Factors such as growth in geriatric population in Japan, Japan’s ICT fund to support the adoption of HCIT solutions,
favorable initiatives for the adoption of telepathology in China, low doctor-patient ratio and high internet penetration in
India, and rapidly growing healthcare industry in India. Furthermore, increasing number of HCIT programs and rising
prevalence of chronic diseases in Australia; growing medical tourism in India, Malaysia, Singapore, and Thailand; and
increasing funding for telehealth in Australia are additional drivers for the telehealth market in the Asia-Pacific region.
Request for customization:- http://www.marketsandmarkets.com/requestCustomization.asp?id=201868927
Growth in geriatric population, rising prevalence of chronic diseases, dearth of healthcare professionals worldwide,
improvements in telecommunication infrastructure, technological advancements, increasing utilization of connected
devices for the management of chronic diseases, benefits of telehealth, and need for affordable treatment options
due to rising healthcare costs are expected to drive the growth of the market in the coming years.
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. (U.S.) are some of the key players in the
telehealth market worldwide.