Telehealth is a process of providing healthcare services at a distance using a variety of communication technology such as mobile phones and computers. Telehealth services are frequently seen as the major means of delivering healthcare to persons living in rural areas and consumers who have limited mobility, time, or transportation options. The growing acceptance rate of telehealth technology in the fields of radiology, cardiology, and mental health, among others, is one of the main factors behind the huge rise of the telehealth market.
The market overview section includes all aspects of the Telehealth Market , driving or restraining its expansion. As well as Boosters & constraints of the Telehealth Market have been studied. Strategic research methodologies were adopted for maintaining accuracy in results, obtained from primary & secondary research. Our skilled analysts scientifically investigated the compound annual growth rate and the approximate revenue the global Telehealth Market can generate over the forecast period.
The distinctive nature of the report on the Telehealth Market is evident from the segmental study section. The Telehealth Market has been categorized in segments such as type, Components, and distribution channel are some of the areas where the market has been examined. The regional analysis section specifically mentions the development of the Telehealth Market . Clients can identify several windows which ensure the regional markets to vent out, registering impressive revenues. North America, Europe, Asia Pacific, the Middle East Asia and Africa, and Rest of the World are regional segments of the Telehealth Market . Number of key operating players are profiled from credible sources like industry whitepapers, annual reports, financial reports, and Key Opinion Leaders which includes Chief Executive Officer, sales directors, product managers, R&D directors, and others. The latest developments concerning the Telehealth Market is highlighted in the news update section.
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Market Segmentation
Telehealth Markets is segmented By Component (Software and Services, Hardware), By Application (Telemedicine, Patient monitoring, Continuous medical education, Others), By Modality (Real-time (synchronous), Store-and-forward (asynchronous), Remote patient monitoring), By End User (Healthcare facilities, home care, Others), By Region (North America, Asia Pacific, Europe, Latin America, The Middle East and Africa).
Regional Analysis
The European market for telehealth is anticipated to be the second-largest market. The growing shift towards more efficient and continuous healthcare monitoring is a significant factor that can boost the market during the review tenure.
APAC is expected to be the fastest-growing market during the review tenure owing to the rising demand for healthcare services due to the expansion of geriatric population.
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Market Drivers
The on-going technological development in the healthcare sector can propel the demand for telehealth services in the forecast period. An increased adoption rate of telehealth technology in the field of radiology, cardiology, and behavioral health among others can be the driving factors behind the vital growth of the telehealth market. Furthermore, a growing trend of online consultation services will further boost the growth of the global telehealth market towards a positive outlook.
Market Restraints
The absence of regulatory scenario and the dearth of favorable supportive policies in developing countries are the reasons to hamper the telehealth growth throughout the review timeframe. All these (Telemedicine facilitates many remote health services, including chronic patient monitoring, therapy appointments, and post-operative care) services run on software and hardware which can sometimes be costly–requiring training to use, additional IT staff to hire, and the acquisition of servers or other ancillary equipment besides the software.
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Industry development
The Centers for Medicare & Medicaid Services (CMS) added more than 60 telehealth services that will be reimbursable during the COVID-19 era. CMS released the annual Physician Fee Schedule final rule, which aimed the usage of telehealth services even after the pandemic is completely curbed.
In March 2020 VivaBem, A Brazil-based telehealth start up, collaborated with Sweden based dokter.se and raised USD 2.5 million to expand its services in Brazil
In October 2020, Teladoc launched a new telemedicine service for mental healthcare. The service will enable patient to count on convenient, stigma-free access to high-quality psychiatrists, psychologists and therapists from the convenience of their phone, web or mobile app. This strategy is expected to add value to its existing business portfolio and enhance their service offering.
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Dec 04, 2018 (Heraldkeeper via COMTEX) -- Market Overview:
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It is available at all times.
You can receive solutions for all your problems from the comfort of your homes.
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Telehealth can also be helpful for patients who are old and cannot travel every other week to the hospitals.
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Healing can be a long process.
Sometimes the wound that takes time to heal leaves such impressions that take much more time to deal with.
In a similar way there are certain situations when one does not want to get up and consult someone.
SISGAIN has a solution for this issue.
We tailor HIPAA compliant telemedicine app development services that act as a support system for doctors as well as patients by providing them a platform that allows them to communicate to each other remotely.
Our team strives to provide best telehealth solutions so that both specialists and the patient can be at their comfort.
