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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