Dublin, 12 April 2022 / PRNewswire/ – Ing “Global Telehealth & Telemedicine Market by Component (Software & Services (RPM, Real-Time), Hardware (Monitor)), Delivery (On-Premise, Cloud-Based), Application (Teleradiology, Telestroke, TeleICU), End User ( Providers, Payers) & Regions – Forecasts to 2027 “ the report has been added to ResearchAndMarkets.com’s casualty.
The global telehealth & telemedicine market is expected to grow at a CAGR of about 26.6% over the forecast period, reach USD 285.7 billion by 2027 from approx USD 87.8 billion in 2022.
Key factors driving the growth of this market include the need to expand access to health care, the increasing prevalence of diseases and chronic conditions, the shortage of physicians, telecommunications advances, government support and awareness raising, and increasing technology adoption after COVID -19.
However, regional variations in regulation, fraud, and use of social media for care providers will limit market growth during the forecast.
The software & services segment will grow at the highest rate during the forecast
Based on components, the telehealth market is divided into software & services and hardware segments. The software & segment will be the largest segment of the telehealth market in 2021.
A large part of this segment is mainly due to the increasing adoption of telehealth and telemedicine around the world. The completed hardware segment registered the highest CAGR of 27.8% during the forecast.
By delivery mode, the cloud -based segment will be the largest segment of the telehealth market in 2021
Based on the mode of delivery, the global telehealth market is divided into cloud-based and on-premise segments. The human pathology segment will be the largest segment of the telehealth market in 2021.
The main factors driving the market for the cloud -based delivery mode segment are the nature of the desired service, easy scalability, and cost -reducing cloud -based solutions.
The market Asia Pacific projected to witness the highest growth during the forecast
Asia Pacific projected to register the highest growth during the forecast. A large part of this may be due to factors such as the increasing prevalence of chronic conditions, the need to reduce health care costs, increasing the general population and geriatrics.
Competitive landscape
Important players in the telehealth and telemedicine markets include Koninklijke Philips NV (The Netherlands), Medtronic (Ireland), GE Healthcare (AS), Cerner Corporation (AS), Siemens Healthineers (Germany), Cisco Systems (AS), Asahi Kasei Corporation (Japan), Teladoc Health (USA), American Well (USA), AMC Health (USA), MDLIVE (USA), Doctor on Demand (USA), Medvivo (UK), and Iron Bow Technologies (USA).
Premium Insights
- Physician Shortage, Prevalence of Chronic Conditions, and Increased Market Growth of Aging Population
- Software & Services Segment Accounts for Largest Share in North American Telehealth and Telemedicine Market in 2021
- Teleradiology for Application Segment Dominance in 2022
- Asia-Pacific To Witness the Highest Growth in the Telehealth and Telemedicine Markets from 2022 to 2027
Market Dynamics
driver
- Increasing Geriatric Population and the Need to Expand Access to Health Care
- Increasing Prevalence of Chronic Conditions and Cost-Benefits of Telehealth and Telemedicine
- Lack of Doctors
- Advances in Telecommunications
- Government Support and Rising Awareness
- Technology Adoption in the COVID-19 Pandemic Wake
- Private and Public Support for COVID-19 Management
Restrictions
- Regulatory Variations In The Region
- Fraud in Telemedicine and Telehealth
- Use of Social Media
Opportunity
- High Utility to Fight Infectious Diseases and Epidemics
- Use of Blockchain
- Ai and Analytics
- Virtual assistant
Challenge
- Unable to Determine Hygiene and Hygiene
- Behavioral Barriers, Affordability of Health Care, and Lack of Awareness
Technology Analysis
- Machine Learning
- Artificial intelligence
- Internet of Things
- Blockchain
- Cloud Computing
- Data analysis
- Extended Reality
Company Profile
- Alten Calsoft Labs (Subsidiary of Alten Group)
- Health Amc
- American Well
- Asahi Kasei Company
- Cerner Company
- Chiron’s health
- Cisco system
- Doctor on Demand, Inc.
- GE Health
- Globalmed
- Ikliniq
- Imediplus
- Iron Bow Technology
- Royal Philips
- Mdlive
- Medtronic
- Medvivo Group Ltd.
- Medweb
- Preventive Solutions
- Resideo Life Care Solutions
- Siemens Healthineers Ag
- Teladoc Health
- Telespecialist
- Vsee
- Zypnosis
For more information on this report visit https://www.researchandmarkets.com/r/ql3ri5
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