Telehealth Market to Attain a Value of US$ 19.5 Bn by 2025

This report studies the current as well as future prospects of the global telehealth market. Stakeholders of this report include companies and intermediaries engaged in the manufacture and commercialization of various telehealth products, software, and services as well as new players planning to enter this market. This report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments and sub-segments considered within the scope of the study. This section also provides the overall information and data analysis of the global telehealth market with respect to the leading market segments based on major components, significant applications, key end-users, and regions.

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The telehealth market report comprises an elaborate executive summary, which includes a market snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on component, application, end-user, and region. A detailed qualitative analysis of drivers and restraints of the market and opportunities has been provided in the market overview section. Additionally, the section comprises competitive matrix and company profiles with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by region and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global telehealth market.

Transparency Market Research (TMR) has published a new report titled, "Telehealth Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025". According to the report, the global telehealth market was valued at US$ 6.0 Bn in 2016 and is projected to expand at a CAGR of 13.0% from 2017 to 2025. The report suggests that increase in prevalence of chronic diseases such as diabetes, cardiovascular diseases, and others is anticipated to boost the growth of the telehealth market from 2017 to 2025. North America and Europe are projected to dominate the global telehealth market during the forecast period owing to increase in focus on services for business expansion in these regions. Players are continuously expanding their services and products in North America and Europe. Increase in adoption of technology and rise in demand for self-care devices/solutions is likely to drive the telehealth market in Asia Pacific. The telehealth market in the region is expected to expand at a CAGR of 15.0% from 2017 to 2025.

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Services Dominates the Global Telehealth Market

The report offers detailed segmentation of the global telehealth market based on component, application, and end-user. In terms of component, the services segment is poised to account for leading share of the global telehealth market during the forecast period from 2017 to 2025. Increase in adoption of remote monitoring solutions by patients in remote rural areas are the factors likely to drive the services segment during the forecast period. The software segment is anticipated to expand at a comparatively higher growth rate than the hardware segment in terms of revenue during the forecast period owing to continuous innovations in software by major players.

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