Telehealth Market Pegged to Rise US$12,131.0 Mn by the end of 2022

Published By: Zion Market Research
Global Telehealth Market is Set for a Rapid Growth and
is Expected to Reach USD 12,131.0 Million by 2022
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Telehealth Market
Zion Market Research has published a new report titled “Telehealth Market by Component
Type (Hardware, Software, and Services), by Mode of Delivery Type (Web-Based,
Cloud-Based and On-Premise) for Providers, Payers, Patients and Other End Users:
Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016-
2022”. According to the report, the global telehealth market accounted for USD 2,513.3 million
in 2016 and is expected to reach USD 12,131.0 million by 2022, growing at a CAGR of around
30.1% between 2017 and 2022.
As population ages, the burden of non-communicable diseases will increase. Especially chronic
diseases (cardiovascular and metabolic disorders, cancer, diabetes, Alzheimer’s disease and
other mental health problems) normally require prolonged treatment. An increased focus on
telehealth will decrease the dependency on hospitals and enables the patients to access proper
healthcare from home and leaving sufficient beds in hospitals for more urgent patients.
Telehealth acts as a bridge to improve the relationship between patient and healthcare provider
and for improving patient satisfaction and behavioral changes by providing healthcare guidance
and treatment into daily life. Using telehealth, patients can be seen remotely by healthcare
professionals in their homes; workplace and physicians can treat patients located at a distant
location from a hospital, medical facility or other places of work including their own homes or
even during vacation as long as they have access to the internet.
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Telehealth Market
The market for telehealth is expected to be driven by significant trends in healthcare, technology
advancement, expanded patient base, consumerism within the forecast period. In addition, the
introduction of new and cutting-edge technology and services, such as electronic health records
also supplements the growth of telehealth market in coming five years. Furthermore, increasing
prevalence of chronic diseases coupled with increasing healthcare expenditures also expected to
boost the telehealth market. For instance, approximately 100 million Americans with chronic
disease accounted for 75% of healthcare expenditures. Furthermore imbalanced patient to
clinician ratio is also expected to foster the growth in this market within the forecast period.
However, limited reimbursement is expected to hamper the growth in this market.
On the basis of mode of delivery type, the global telehealth market is categorized into; webbased,
cloud-based and on premise. This segment is dominated by web-based mode of delivery,
by accounting for the largest share in 2016 and is expected to grow at a CAGR of 31.1% in
coming five years. Web-based technology is creating a wide variety of information solutions that
improve remote telehealth interactions. A major factor for high usage of web-based methods is
due to minimal software and hardware requirements for using web-based telehealth solution.
Cloud-based telehealth solutions are expected to witness the fastest growth with a double-digit
CAGR in coming five years owing to increasing investment by IT firms in cloud computing.
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An end-user segment of the telehealth market includes the: providers, payers, patients and
other end users. In this segment, providers based healthcare solutions attributed for the largest
market share in 2016 and are expected to grow at a significant rate of CAGR in coming five
years owing to increasing internet use by the healthcare professionals for medical consultations.

Telehealth Market
In terms of geography, North America accounted for the largest market share of telehealth
market in 2016. U.S. held the largest market share in this region owing to increasing geriatric
population coupled with increasing prevalence of chronic diseases and rising health care
expenditures. For instance, in U.S., old-aged population (people 65 and over) represented
12.4% of the population in the year 2000 and expected to grow to be 19% of the population by
2030. This aging population has the increasing incidence of chronic diseases including
congestive heart failure (CHF), chronic obstructive pulmonary disease (COPD) which require
prolonged care. In addition, approximately 100 million Americans with chronic disease account
for a whopping 75% of healthcare expenditures as percenters for disease control and
prevention. Thus these factors are expected to fuel the telehealth market in this region in
coming five years.
Europe held the second largest share of global telehealth market in 2016 owing to the high
internet and mobile phone penetration. Asia-Pacific is expected as a lucrative market for
telehealth solutions in coming five years, especially India, China and Japan owing to improving
healthcare infrastructure and rising awareness among healthcare professional about telehealth
benefits. Asia-Pacific telehealth market is expected to grow at a CAGR of 35.6% within the
forecast period. Latin America and Middle East & Africa are also expected to witness a positive
growth in this market within the forecast period.
The report presents comprehensive competitive outlook with company profiles of the key players
operating in the global market. Key participants profiled in the report include Philips Healthcare,
McKesson Corporation, Medtronic plc, Medvivo Group Ltd. and Tunstall Healthcare among
others.

Telehealth Market
Browse the full report at https://www.zionmarketresearch.com/report/global-telehealthmarket
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