According to SPER Market Research, the Telehealth Market is projected to reach $60.3 billion, growing at a CAGR of 13.8% from 2020. The prevalence of chronic diseases, technological developments in telecommunications, greater awareness of telehealth due to the pandemic, and government initiatives are the main drivers driving the growth of this industry. Another important element is the growing elderly population. However, large end-cost investments, a lack of laws, and issues with data privacy may have an impact on this market's expansion.
Global Telehealth Market Overview (2022-2027)
- Forecast CAGR (2022-2030): 13.8%
- Forecast Market Size (2030): $60.3 billion
Telehealth is divided into software and hardware according to component (medical devices and monitoring tools). In 2020, software and services held the biggest market share, and it is anticipated that this trend would continue during the projection period. The significant market share of this sector is attributable to the increased telehealth service acceptance brought on by COVID 19, as more consumers are at ease using telehealth to visit reputable doctors online.
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Global Telehealth Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Component:
- Software and Services
- Hardware
By mode of delivery:
- Cloud Based
By Application:
- Teleradiology
By End User:
- Healthcare Provider
By Region:
- North America
- Europe
- Asia-Pacific
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market's historic and forecast market growth by geography.
Global Telehealth Market Key Players:
The Global Telehealth Market study provides market data by the competitive landscape, revenue analysis, market segments, and detailed analysis of key market players such as; Koninklijke Philips N.V., Medtronic, GE Healthcare, Cerner Corporation, Siemens Healthineers, Cisco Systems Inc., Teladoc Health Inc., American Well, AMC Health, MDLive, Doctor on Demand, Medvivo Group Ltd, Asahi Kasie Corporation, Iron Bow Technologies, Telespecialists Llc, GlobalMed, MedWeb, IMediplus Inc., Vsee, Chiron Health, Zipnosis.
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Global Telehealth Market Future Outlook
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