Le Lézard
Classified in: Science and technology, Covid-19 virus

Telehealth/Telemedicine Market by Component, Application, Hardware, End-user and Delivery - Global Forecast to 2025 - ResearchAndMarkets.com

The "Telehealth/Telemedicine Market by Component (Software & Services, RPM, Real-Time), Application (Teleradiology, Telestroke, TeleICU), Hardware (Glucose Meters), End-User (Provider, Payer, patient), Delivery (On-Premise, Cloud) Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global telehealth/telemedicine market is expected to grow at a CAGR of 37.7% during the forecast period, to reach USD 191.7 billion by 2025 from an estimated USD 38.7 billion in 2020.

The key factors driving the growth of this market include the need to expand healthcare access, the growing prevalence of chronic diseases and conditions, a shortage of physicians, advancements in telecommunications, government support and raising awareness, and rising technology adoption in the wake of COVID-19. However, regional variations in regulations, fraud, and the use of social media for care providers will restrict market growth during the forecast period.

The software & services segment will grow at the highest rate during the forecast period.

Based on components, the telehealth market is segmented into software & services, and hardware segment. The software & segment accounted for the largest share of the telehealth market in 2019. The large share of this segment is mainly due to the increasing adoption of telehealth and telemedicine across the globe. The hardware segment is projected to register the highest CAGR of 18.6% in the forecast period.

By delivery mode, the cloud-based segment accounted for the largest share of the telehealth market in 2019.

Based on the mode of delivery, the global telehealth market is segmented into cloud-based and on-premise segments. The human pathology segment accounted for the largest share of the telehealth market in 2019. The major factors driving the market for cloud-based delivery mode segments are the on-demand nature of the services, their easy scalability, and the cost-curtailing nature of cloud-based solutions.

The market in the Asia Pacific is projected to witness the highest share during the forecast period (2020-2025).

The Asia Pacific is projected to register the highest growth during the forecast period. This large share can be attributed to factors such as the rising prevalence of chronic conditions, the need to reduce healthcare expenditure, increasing overall and geriatric population.

Market Dynamics





Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/ft0zku

These press releases may also interest you

at 12:05
Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Lizhi Inc. pursuant and/or traceable to Lizhi's January 17, 2020 initial public offering (the "IPO" or the "Offering") of the important March 22, 2021 lead...

at 12:00
Over the last month, the authorization of two COVID-19 vaccines offered many Canadians ? myself included ? hope that the end of the pandemic is in sight. This hope comes nearly a year into the COVID-19 pandemic and at a time when the days are short...

at 11:00
The most recent data on the evolution of COVID-19 in Québec show 1,457 new cases, bringing the total number of people infected to 253,633, of which 227,215 have now recovered. The data also report 41 new deaths, for a total of 9,478 deaths. Among...

at 10:35
The Supply Chain Insurance market will register an incremental spend of about USD 2.45 billion, growing at a CAGR of 3.83% from 2020-2024. A targeted strategic approach to Supply Chain Insurance market sourcing can unlock several opportunities for...

at 10:00
Premier Doug Ford and Minister Christine Elliott, as well as NDP leader Andrea Horwath, are among provincial leaders addressing the first day of the of the Rural Ontario Municipal Association (ROMA) Conference tomorrow. The virtual conference will be...

at 10:00
On Friday, January 22, Canada Post sent afternoon shift workers from the Gateway East facility home to self-isolate for 14 days, based on the recommendations of Peel Public Health authority. This directive comes after positive COVID-19 cases continue...

News published on 30 november 2020 at 11:30 and distributed by: