Market Analysis Telehealth Market to reach 15.7% of CAGR by 2025 | Page 2

telehealth is segmented into patients, prayers and healthcare providers. Geographically, the market for telehealth is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South and Central America (S&CAM). Request Sample Copy of this report at https://www.theinsightpartners.com/sample/TIPHE100000832 The market is witnessing a potential growth rate during the previous years and is expected to witness similar trend in the coming years. Additionally, major players in the market are engaged in research and development activities. These players have been upgrading their product portfolio by applying for approvals as well as launching new products. For instance, in November, 2017, Medtronic plc with the Medtronic Care Management Services (MCMS) business launched the advanced and latest telehealth solutions for supporting the U.S. Department of Veterans Affairs (VA) for Home Telehealth Devices and Services. The market for telehealth is well established in North America region, especially in the US. The market is expected to witness growth at a rapid rate in Asia-Pacific region during the forecast period. China has a well-defined telehealth systems present in its healthcare systems also the EHR systems are adopted by various providers. The high growth of this region can be attributed to increasing geriatric population and growing technological advancements that enable mobile telehealth in rural and urban areas. The major players operating in the market of telehealth market include Medtronic, Cerner Corporation, Tunstall Healthcare, AMD Global Telemedicine, Inc., Philips Healthcare, Cisco Systems, Inc., Aerotel Medical Systems Ltd., Honeywell Life Care Solutions, Medvivo Group Ltd., American Well among others. The global telehealth market is a mature market in the developed countries as well as in developing economies worldwide. The technological advancements in telehealth products such as integrated and standalone in the recent years are expected to bolster the market growth. Among the products, the demand for the telehealth is significantly high for integrated, followed by standalone. Integrated telehealth products are used in EHR platforms in hospitals store data digitally. The data include patient medical history patient encounter, audio and visual recording notes creating a digital patient history. Integrated telehealth products enables integration of EHR platform and other devices to connect and communicate directly using a mobile or devices to deliver patient care. Furthermore, adoption of ICT techniques can be another factor which likely to drive the growth of the telehealth market during the forecast period. The market for telehealth is well established in the region of North America, owing to the awareness regarding medical practices and technological developments in the telehealth. Various market players have been focusing towards shifting their customer base in North America. However, in Asia-Pacific region, China has a well-defined telehealth systems present in its healthcare systems also the EHR systems are adopted by various providers. The high growth of this region can be attributed to increasing geriatric population and growing technological advancements that enable mobile telehealth in rural and urban areas. Contact Us : [phone] | Email : [email protected] © Copyright 2019 - The Insight Partners. All rights reserved