DUBLIN–(BUSINESS WIRE)–The “Telehealth Market by Product, Delivery Mode, End User, and by Region – Global Forecast to 2022-2033” report has been added to ResearchAndMarkets.com’s offering.
The telehealth market size is estimated to be USD 84,658.1 million in 2022 and is expected to witness a CAGR of 24.21% during the forecast period 2023-2033.
Companies Mentioned
Siemens Healthineers
GE Healthcare
Koninklijke Philips N.V.
American Well
Cerner Corp.
Doctor on Demand
Teladoc Health Inc
Medtronic PLC
GlobalMed
MDLive
Improving patient safety and healthcare quality through early detection and diagnosis are factors contributing to the market growth. Furthermore, launch of web- and cloud-based solutions that provide consumers with virtual care and rising incidence of cancer are other factors supporting the market growth. However, fraudulent issues and high installation price of ICT is expected to hinder the growth.
Launch of web- and cloud-based solutions that provide consumers with virtual care is expected to propel the market growth during the projected period.
For instance, CVS and Teladoc collaborated to launch CVS Health’s Aetna Virtual Primary Care in August 2021. Through this collaboration, Teladoc’s physician network and providers will be used by CVS Health to provide virtual care services to patients remotely through video and telephone consultations, therefore reducing the patients’ reliance on in-person consultations and visits.
Rising incidence of cancer is predicted to fuel the market growth during forecast period. The healthcare systems are experiencing a shortage of healthcare workers including doctors and nurses are expected to be strained by this rising incidence, which is expected to spur the uptake of the services globally.
By 2030, WHO predicts that there will be a shortage of 15 million healthcare professionals, which would push hospitals to use artificial intelligence (AI) more frequently for patient treatment and diagnosis.
Market Segmentation:
Product (Revenue, USD Million), 2022 – 2033
Services
Software
Integrated Software
Standalone Software
Hardware
Monitors
Medical Peripheral Devices
Blood Glucose Meters
Blood Pressure Meters
Pulse Oximeters
Weighing Scales
ECG Monitors
Peak Flow Meters
Others
Delivery Mode (Revenue, USD Million), 2022 – 2033
Cloud-based
On-premise
Web-based
End user (Revenue, USD Million), 2022 – 2033
Patients
Payers
Providers
By Region (Revenue, USD Million), 2022 – 2033
North America
U.S.
Canada
Europe
Germany
France
UK
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
Middle East & Africa
South Africa
GCC
Rest of MEA
For more information about this report visit https://www.researchandmarkets.com/r/rpq4ng
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