A recent report published by Infinium
Global Research on the telehealth market provides an in-depth analysis of segments and
sub-segments in the global as well as regional telehealth market. The study
also highlights the impact of drivers, restraints, and macro indicators on the
global and regional telehealth market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecasts, and dollar
values of the global telehealth market. According to the report, the global
telehealth market is projected to grow at a CAGR of 27% over the forecast
period of 2022-2028.
Market Insight
The value of the telehealth market in 2022 was USD 150 billion and is expected to reach USD 620 billion in 2028 and is
expected be growing with a CAGR of more than 27%. Remote technologies are used
to give health care, health education, and health information services. telehealth is described as the use of telecommunications and digital
communication technologies to offer and facilitate health and health-related
services such as medical care, provider and patient education, health
information services, and self-care. telehealth technologies include live video
conferencing, mobile health apps, "save and forward" electronic
transmission, and remote patient monitoring (RPM). mHealth (or mobile health),
video and audio technology, digital photography, remote patient monitoring
(RPM), and store and forward technologies are all being used for telehealth. telehealth services such as remote patient monitoring are gaining popularity
around the world.
The pandemic of coronavirus
disease-19 (COVID-19) was a worldwide public health issue. telehealth has
emerged as a viable approach for combating the COVID-19 pandemic. In order to
contain the pandemic, various governments have imposed statewide lockdowns to
compel social separation. As a result, individuals who want medical assistance
choose telehealth because they can get it from the comfort of their own homes.
Furthermore, persons who are experiencing flu-like symptoms can use telehealth
platforms to determine whether they are infected with the coronavirus. As a
result, telehealth services are in higher demand during the coronavirus
outbreak. The rising prevalence of
chronic diseases such as cancer, diabetes, and cardiovascular diseases is
fueling market expansion. Many of these patients have particular healthcare
needs and must see their doctors or physicians more frequently. Such patients
can benefit from telehealth. Furthermore, growing accessibility to telehealth
is also augmenting the growth of the market. Additionally, internet penetration
is on the rise with 5G being introduced around the world. However, there are
certain restraining factors that could hamper the growth of this market, which
include, limited penetration of telehealth services in developing and under-developing countries around the world. New opportunities are expected to arise
as new telehealth solutions are being introduced using AR and VR, AI, and Big
Data.
Geographically, North America is
expected to be the dominating region in the market over the forecast period.
Asia-Pacific is expected to be the fastest-growing region in the market. North America was the region with the most
revenue in the global telehealth market in 2021. The rising frequency of
chronic diseases and the growing senior population are driving North America's
growth. According to the National Center for Chronic Disease Prevention and
Health Promotion, chronic disease affects 6 out of 10 persons in the United
States. Patients in this situation should see a doctor on a regular basis. telehealth can make it easier for patients to get healthcare solutions,
increasing the demand for it. Furthermore, North America's increased internet and
technical penetration boost the use of telehealth in the region. telehealth
services are quickly rising in Asia-Pacific, which is predicted to be the
fastest-growing market.

Segment Covered
The report on the global telehealth
market covers segments such as components, mode of delivery, and end user. On
the basis of components, the sub-markets include software, services, and
hardware. On the basis of mode of delivery, the sub-markets include cloud-based
delivery mode, on-premise delivery mode, and web-based delivery mode. On the
basis of end users, the sub-markets include payers, providers, patients, and
other end users.
Companies Profiled:
The report provides profiles of
the companies in the market such as Vidyo, Inc., Philips Healthcare, Honeywell
Life Care Solutions, Medtronic PLC, Care Innovations, Tunstall Healthcare,
Aerotel Medical Systems Ltd., Globalmedia Group, LLC, Intouch Health, and AMD
Global Telemedicine, Inc.
Report Highlights:
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors driving and restraining this market's growth. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the telehealth market. Moreover, the study highlights current market
trends and provides forecasts for 2022-2028. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players