According to The Insight Partners’ research, the global Telehealth market was valued at US$ 17,289.9 million in 2017 and is expected to reach US$ 52,897.2 million by 2025, registering an annual growth rate of 15.7% from 2018 to 2025. The increase in prevalence of chronic diseases, new product launches, and rising technological advancements across the globe are among the factors driving the telehealth market.

Delivering healthcare via telehealth solutions could promote home monitoring of geriatric patients with chronic diseases, resulting in improved health outcomes and significantly saving costs. Telehealth is a powerful tool in reducing the rate of deaths and managing the negative health effects of chronic conditions. For instance, American Heart Association (AHA) and American Stroke Association support telehealth strategies for cerebrovascular accidents whenever physicians are not available on-site.

According to the European Heart Network AISBL, cardiovascular disease (CVD) causes 3.9 million deaths in Europe each year. These statistics determine an increase in the demand for telehealth solutions in various regions.

On the contrary, tricky policies and reimbursement rules, cyber threats, and rise in data security are restraining the telehealth market growth.

Based on product, the telehealth market is bifurcated into integrated and standalone platform. In 2017, the integrated segment held the largest share of the market. In addition, the segment is expected to grow at the fastest rate during the coming years owing to increasing number of hospitals adopting EHR systems, easy integration telehealth into the EHR system, and increasing focus of healthcare organization to improve patient care.

The global telehealth market, based on type, is segmented into hardware, software, and services. In 2017, the software segment held the largest share of the market. The segment is expected to grow at the fastest rate during the coming years owing to increasing adoption of telehealth by providers, increasing use of mobile and tablets by patients and providers to access telehealth facilities.

The global telehealth market, based on the mode of delivery, is segmented into on-premise, web-based, and cloud-based. In 2017, the web-based delivery mode held the largest share of the market. The cloud-based segment is expected to grow at the fastest rate during the coming years owing to increasing adoption of cloud based technology by telehealth providers to save patient data and allow access of data to other providers.

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The global telehealth market, based on end users, is segmented into healthcare providers, payers, and patients. In 2017, the healthcare providers held the largest share of the market. The healthcare providers segment is expected to grow at the fastest rate during the coming years owing to increasing adoption of telehealth platform by providers, focus of hospital to increase patient care and reduce patient visit to hospitals

Our regional analysis states that Europe captured 20.7% market share in 2017. It was assessed at US$ 3,574.8 million in 2017 and is likely to hit US$ 10,447.2 million by 2025, exhibiting a CAGR of 15.1% during the forecast period. Meanwhile, North America registered the highest CAGR at 15.5% in 2017. The regional business is likely to reach US$ 30,204.3 million by 2025 from US$ 10,050.4 million in 2017.

Key players dominating the global telehealth market are American Well; TUNSTALL; Honeywell Life Care Solutions; Cerner Corporation; Koninklijke Philips N.V.; Aerotel Medical Systems Ltd.; AMD Global Telemedicine; Medtronic; Cisco Systems, Inc; and Medvivo Group LTD, among others.

•             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.

•             In April 2018, AMD Global Telemedicine Inc. launched the OnDemand Visit, which is a direct-to-consumer platform. OnDemand Visit helps healthcare organizations for expanding their service offerings and engaging the patients in a convenient way.

•             In May 2018, American Well launched AW11, which is the latest telehealth to offer the video visits to patients.

•             In June 2017, Carolinas HealthCare System (CHS) started the Cerner’s HealtheIntent population health management platform for coordinating and managing the care for above 12 million patient interactions each year across its facilities and clinically integrated network.

•             In November, 2017, Philips announced its expansion of Healthcare@home services more than its Respiratory and Critical care services.

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