Telehealth Market Research Report- Global Forecast till 2023

Telehealth Market Research Report- Global Forecast till 2023

ID: MRFR/HCIT/0398-HCRR | December, 2017 | Region: Global | 80 pages | Half-Cooked Research Reports

Telehealth Market Research Report: By Component (Hardware, Software, Others), By Types (Web Based, On-Premises, Cloud Based), By End Users (Hospitals & Clinics, Pharmaceutical Companies And Others) - Global Forecast Till 2023 


Market scenario


Telehealth or telemedicine is a mode of delivering health care services to patients by using communication technologies to facilitate the diagnosis, treatment, consultation, education care management, and others. Telehealth acts as a bridge to improve the relationship between patient and healthcare providers as well as for improving patient satisfaction & behavioural changes by providing healthcare guidance and treatment. It provides self-management and caregiver’s support to the patients.  Telehealth is used to monitor the chronic diseases as well as to monitor disease from home.


There are tremendous benefits offered by the telehealth solutions. Some of these include improved access to the patients; telehealth can allow us to provide healthcare services to the patients situated in distant locations. It also allows physicians & doctors to expand their reach and services beyond their clinics. Telehealth services have also proved to be cost effective with increased efficiency through better management of chronic diseases. And also it reduces the travel time for the patients which further reduced costs for the patients. All these advantages have attracted healthcare services providers to adopt telehealth technologies and the demand for the same has been on the rise ever since.


The global telehealth market is driven by increasing prevalence of chronic diseases, rising geriatric population, and continuous development in the healthcare technology; as per statistics, more than 50% of the total globe population have some or other chronic disease. Moreover, rapid development in the technology, increasing healthcare expenditure, and increasing need for the home based devices have fuelled the market growth. However, lack of awareness and unavailability or less availability of the required infrastructure in many parts of the world including the underdeveloped Asian and African regions may slow the growth of the market.


The global teleheatlh market is expected to grow at a healthy CAGR of 29.8% during the forecasted period.


 


Intended Audience



  • Medical Devices Manufacturers

  • Pharmaceutical Industries

  • Research and Development (R&D) Companies

  • Medical Research Laboratories

  • Academic Medical Institutes and Universities 


Figure 1- Global telehealth market, by region

Global telehealth market


Source- Annual reports, press release, white paper, company presentation


 


Segmentation


The global telehealth market is segmented on the basis of components, types, and end users.


On the basis of component, the market is segmented into hardware, software, and others. Hardware is further segmented into monitors, medical devices, and others. Monitors are further segmented into blood glucose monitors, blood pressure monitors, ECG monitors, and others.


On the basis of types, the market is segmented into web based, on-premises, and cloud based. On the basis of end users the market is segmented into hospitals & clinics, pharmaceutical companies, and others. 


Regional analysis


On the regional basis the global telehealth market is dominated by America owing to the presence of huge geriatric population and large number of people suffering from diabetes and other chronic respiratory diseases. Among all the regions in the world, the U.S. has been the first choice for the deployment of telehealth solutions due to established healthcare systems and technology advancement. It has gained a significant position in the global market with the increase in large numbers of telehealth services which target at wellness and fitness. Thus, these telehealth solutions help in cost reduction, saves time by reducing visits to physicians, and provides better healthcare systems. In Addition to this, well developed healthcare sector and high healthcare spending has contributed in the growth of the market. Europe accounts for the second largest market for the global telehealth market which is followed by Asia Pacific. The Germany is dominating the connected healthcare deployments in Europe, with different kinds of solutions being offered and services being delivered through varied means, from simple messages to much more complex apps. Asia pacific has the fastest growth market due to the presence of rapidly developing economies like China and India. However, the Middle East and Africa has the least share in the market. 


Key players


Some of the major players in the global telehealth market are Koninklijke Philips N.V. (the Netherlands), Medtronic (Ireland), General Electric Company (UK), McKesson Corporation (US), Care Innovations, LLC. (US), Cerner Corporation (US), GlobalMedia Group, LLC (US), Siemens Healthcare Private Limited (US), AMD Global Telemedicine, Inc. (US), InTouch Technologies, Inc. (US). 


Market Assessment

Telehealth Market-


Source- World Health Organization (WHO, white paper, company presentation, annual reports


 





Table of Contents

1    Report Prologue    

2    Market Introduction    


      2.1    Introduction    

      2.2    Scope of Study    

      2.3    Research Objective    

      2.4    Assumptions & Limitations    

            2.4.1    Assumptions    

            2.4.2    Limitations    

3    Research Methodology    

      3.1    Research Process

      3.2    Primary Research

      3.3    Secondary Research

4    Market Dynamics    

      4.1    Drivers    

      4.2    Restraints    

5    Market Factor Analysis    

      5.1    Porter’s Five Forces Model    

            5.1.1    Bargaining Power of Suppliers    

            5.1.2    Bargaining Power of Buyers    

            5.1.3    Threat of New Entrants    

            5.1.4    Threat of Substitutes    

            5.1.5    Intensity of Rivalry    

      5.2    Supply Chain Analysis    

6.    Global Telehealth Market, by Component

      6.1    Hardware

            6.1.1    Monitors

                6.1.1.1    Blood Glucose Monitors

                6.1.1.2    Blood Pressure Monitors

                6.1.1.3    ECG monitors 

                6.1.1.4    Others

            6.1.2    Medical Devices 

            6.1.3    Others

      6.2    Software

      6.3    Others

7.    Global Telehealth Market, by Types

      7.1    Web Based

      7.2    On-Premises

      7.3    Cloud Based

8.    Global Telehealth Market, by End Users

      8.1    Hospitals & Clinics

      8.2    Pharmaceutical Companies

      8.3    Others

9.     Global Telehealth Market, by Region

      9.1    Introduction

      9.2    America

            9.2.1    North America

                9.2.1.1 US

                9.2.1.2 Canada

            9.2.2    South America

      9.3    Europe

            9.3.1    Western Europe

                9.3.1.1 Germany

                9.3.1.2    UK

                9.3.1.3     France

                9.3.1.4     Italy

                9.3.1.5     Spain

                9.3.1.6     Rest of Western Europe

            9.3.2    Eastern Europe

      9.4    Asia Pacific

            9.4.1    Japan

            9.4.2    China

            9.4.3    India

            9.4.4    Australia

            9.4.5    Republic of Korea

            9.4.6    Rest of Asia Pacific

      9.5    The Middle East & Africa

            9.5.1    United Arab Emirates

            9.5.2     Saudi Arabia

            9.5.3    Oman

            9.5.4    Kuwait

            9.5.5    Qatar

            9.5.6    Rest of the Middle East & Africa

10    Competitive Landscape    

      10.1    Cost of Products    

      10.2    Production Capacity of Major Players    

11    Company Profile    

      11.1    Medtronic

            11.1.1    Overview    

            11.1.2    Product/Business Segment Overview    

            11.1.3    Financial Updates    

            11.1.4    Key Developments    

      11.2    Koninklijke Philips N.V.

            11.2.1    Overview    

            11.2.2    Product/Business Segment Overview    

            11.2.3    Financial Updates    

            11.2.4    Key Developments    

      11.3    General Electric Company

            11.3.1    Overview    

            11.3.2    Product/Business Segment Overview    

            11.3.3    Financial Updates

            11.3.4    Key Development    

      11.4     McKesson Corporation

            11.4.1    Overview    

            11.4.2    Product/Business Segment Overview    

            11.4.3    Financial Updates

            11.4.4    Key Development

      11.5    Care Innovations, LLC.

            11.5.1    Overview    

            11.5.2    Product/Business Segment Overview    

            11.5.3    Financial Updates    

            11.5.4    Key Developments

      11.6    Cerner Corporation

            11.6.1    Overview    

            11.6.2    Product/Business Segment Overview    

            11.6.3    Financial Updates    

            11.6.4    Key Developments

      11.7    GlobalMedia Group, LLC

            11.7.1    Overview    

            11.7.2    Product/Business Segment Overview    

            11.7.3    Financial Updates    

            11.7.4    Key Developments

      11.8    Siemens Healthcare Private Limited 

            11.8.1    Overview    

            11.8.2    Product/Business Segment Overview    

            11.8.3    Financial Updates    

            11.8.4    Key Developments

      11.9    AMD Global Telemedicine, Inc.

            11.9.1    Overview    

            11.9.2    Product/Business Segment Overview    

            11.9.3    Financial Updates    

            11.9.4    Key Developments

      11.9    Others

12    Conclusion

      12.1    Key Findings

            12.1.1    From CEO’s Viewpoint 

            12.1.2    Unmet Needs of the Market 

      12.2    Key Companies to Watch

      12.3    Prediction of Healthcare IT Industry

13    Appendix



LIST OF TABLES

Table 1        Telehealth Industry Synopsis, 2017 – 2023

Table 2        Global Telehealth Market Estimates and Forecast, 2017 – 2023, (USD Million)

Table 3        Global Telehealth Market by Region, 2017 – 2023, (USD Million)

Table 4        Global Telehealth Market by Component, 2017 – 2023, (USD Million)

Table 5        Global Telehealth Market by Type, 2017 – 2023, (USD Million)

Table 6        Global Telehealth Market by End Users, 2017 – 2023, (USD Million)

Table 7        Americas Telehealth Market by Component, 2017 – 2023, (USD Million)

Table 8        Americas Telehealth Market by Type, 2017 – 2023, (USD Million)

Table 9        Americas Telehealth Market by End Users, 2017 – 2023, (USD Million)

Table 10    North America Telehealth Market by Component, 2017 – 2023, (USD Million)

Table 11    North America Telehealth Market by Type, 2017 – 2023, (USD Million)

Table 12    North America Telehealth Market by End Users, 2017 – 2023, (USD Million)

Table 13    U.S. Market by Component, 2017 – 2023, (USD Million)

Table 14    U.S. Telehealth Market by Type, 2017 – 2023, (USD Million)

Table 15    U.S Telehealth Market by End Users, 2017 – 2023, (USD Million)

Table 16    Canada Market by Component, 2017 – 2023, (USD Million)

Table 17    Canada Telehealth Market by Type, 2017 – 2023, (USD Million)

Table 18    Canada Telehealth Market by End Users, 2017 – 2023, (USD Million)

Table 19    South America Market by Component, 2017 – 2023, (USD Million)

Table 20    South America Telehealth Market by Type, 2017 – 2023, (USD Million)

Table 21    South America Telehealth Market by End Users, 2017 – 2023, (USD Million)

Table 22    Europe Market by Component, 2017 – 2023, (USD Million)

Table 23    Europe Telehealth Market by Type, 2017 – 2023, (USD Million)

Table 24    Europe Telehealth Market by End Users, 2017 – 2023, (USD Million)

Table 25    Western Europe Market by Component, 2017 – 2023, (USD Million)

Table 26    Western Europe Telehealth Market by Type, 2017 – 2023, (USD Million)

Table 27    Western Europe Telehealth Market by End Users, 2017 – 2023, (USD Million)

Table 28    Eastern Europe Market by Component, 2017 – 2023, (USD Million)

Table 29    Eastern Europe Telehealth Market by Type, 2017 – 2023, (USD Million)

Table 30    Eastern Europe Telehealth Market by End Users, 2017 – 2023, (USD Million)

Table 31    Asia Pacific Market by Component, 2017 – 2023, (USD Million)

Table 32    Asia Pacific Telehealth Market by Type, 2017 – 2023, (USD Million)

Table 33    Asia Pacific Telehealth Market by End Users, 2017 – 2023, (USD Million)

Table 34    Middle East & Africa Market by Component, 2017 – 2023, (USD Million)

Table 35    Middle East & Africa Telehealth Market by Type, 2017 – 2023, (USD Million)

Table 36    Middle East & Africa Telehealth Market by End Users, 2017 – 2023, (USD Million)



LIST OF FIGURES

Figure 1    Research Process

Figure 2    Segmentation for Global Telehealth Market

Figure 3    Segmentation Market Dynamics for Global Telehealth Market

Figure 4    Global Telehealth market Share, by Component 2016

Figure 5    Global Telehealth market Share, by Type 2016

Figure 6    Global Telehealth Market Share, by End Users, 2016

Figure 7    Global Telehealth Market Share, by Region, 2016

Figure 8    America Telehealth Market Share, by Region, 2016    

Figure 9    North America Telehealth Market Share, by Country, 2016

Figure 10    Europe Telehealth Market Share, by Country, 2016

Figure 11    Asia Pacific Telehealth Market Share, by Country, 2016

Figure 12    Middle East & Africa Telehealth Market Share, by Country, 2016

Figure 13    Global Telehealth Market: Company Share Analysis, 2016 (%)

Figure 14    Medtronic plc: Key Financials

Figure 15    Medtronic plc: Segmental Revenue

Figure 16    Medtronic plc: Geographical Revenue

Figure 17    Koninklijke Philips N.V.: Key Financials

Figure 18    Koninklijke Philips N.V.: Segmental Revenue

Figure 19    Koninklijke Philips N.V.: Geographical Revenue 

Figure 20    McKesson Corporation: Key Financials

Figure 21    McKesson Corporation: Segmental Revenue

Figure 22    McKesson Corporation: Geographical Revenue

Figure 23    Care Innovations, LLC: Key Financials

Figure 24    Care Innovations, LLC: Segmental Revenue

Figure 25    Care Innovations, LLC: Geographical Revenue

Figure 26    Cerner Corporation: Key Financials

Figure 27    Cerner Corporation: Segmental Revenue

Figure 28    Cerner Corporation: Geographical Revenue