Telehealth Market Size 2022 By Share, Industry Statistics, Global Trends Evaluation, Geographical Segmentation, Business Challenges and Investment Opportunities Analysis till 2030

Kenneth Research, in its repository of market research reports, have recently added a report on Telehealth Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Telehealth Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Telehealth Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Telehealth Market is valued approximately USD 321.14 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 17.3% over the forecast period 2019-2026.Telehealth involves the use of digital information and communication technologies as mobile devices, to access health-related services and solutions. . Further, two healthcare experts can share information of specific case of a patient over telephone ongoing with a robotic surgery between healthcare centers located at a different location on the globe. The Telehealth market is primarily driven owing to surging number of surgeries occurring among both the male and female population, rising number of chronic diseases, favorable government steps & initiatives towards telemedicine and rising rate of aging population. The rising number of chronic diseases fuels the rate of patient’s treatment and diagnosis that paves the way towards the development and growth of the telehealth market. For Instance: According to the International Agency for Research on Cancer (IARC), in 2018, there were around 17.0 million new cancer cases and 9.5 million cancer deaths registered throughout the world. Also, the global burden of cancer is expected to grow to almost 27.5 million new cancer cases and 16.3 million cancer deaths by 2040. Thus, this results in the development of a telehealth intervention which is positively influencing the development and growth of telehealth market. However, low success rate in minimizing outpatient attendance impedes the growth of the market over the forecast period of 2020-2026.

The regional analysis of global Telehealth market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the surging number of surgeries along with favorable steps taken by governments towards providing telehealth solutions. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rising number of chronic diseases along with rising aging population would create lucrative growth prospects for the Telehealth market across Asia-Pacific region.

Major market player included in this report are:
Philips Healthcare
Medtronic PLC
Honeywell Life Care Solutions
Tunstall Healthcare
Care Innovations
Cerner Corporation
Cisco Systems, Inc
Medvivo Group Ltd
AMD Global Telemedicine, Inc
Intouch Health

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Delivery:
Web Based
Cloud Based
On-Premise

By End-User:
Providers
Patients
Payers
Other End-Users

By Component:
Services
Software
Hardware
Others

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By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017, 2018
Base year – 20198
Forecast period – 2020 to 2026

Target Audience of the Global Telehealth Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Telehealth Market, by Region, 2018-2026 (USD Billion)
1.2.2. Telehealth Market, by Delivery, 2018-2026 (USD Billion)
1.2.3. Telehealth Market, by End-User, 2018-2026 (USD Billion)
1.2.4. Telehealth Market, by Component, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Telehealth Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Telehealth Market Dynamics
3.1. Telehealth Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Telehealth Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Telehealth Market, by Delivery
5.1. Market Snapshot
5.2. Global Telehealth Market by Delivery, Performance – Potential Analysis
5.3. Global Telehealth Market Estimates & Forecasts by Delivery 2016-2026 (USD Billion)
5.4. Telehealth Market, Sub Segment Analysis
5.4.1. Web Based
5.4.2. Cloud Based
5.4.3. On-Premise

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