By Component (Services, Software, and Hardware), By Application (Store-and-forward, Remote monitoring, and Interactive services), By End-User (Providers, Payers, Patients, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Trends, Analysis and Forecast till 2029
A growing need to increase the reach of improved medical care facilities is the major driving force for the growth of global Telehealth and telemedicine market. In addition, increasing demand to integrate digital healthcare systems is propelling the growth of the global market. Furthermore, the increase in government financial support with the rise in an aging population is expected to boost the target market in the forecast period. Moreover, rising prevalence of chronic diseases, tremendous growth of the telecommunication sector and related healthcare IT solutions are some of the other factors boosting the demand for telehealth and telemedicine solution in the global market. Additionally, people with multiple chronic conditions and elderly population typically require frequent visits to physicians. Telehealth and telemedicine ensure easy access to care for such population and enable providers in treatment plan, medication, and long term chronic care management, thereby reducing avoidable healthcare costs which is increasing the target market growth. However, high costs of telehealth devices, maintenance, and service is restraining the growth of the global market. In addition, shortage of trained telehealth and telemedicine professionals is expected to restrain growth of the global telehealth and telemedicine market during the forecast period.
The global telehealth and telemedicine market is segmented into component, application, end-user and region. Based on the component, the global market is sub-divided into services, software, and hardware. On the basis of application, the target market is bifurcated into store-and-forward, remote monitoring, and interactive services. Based on the end-user, the global market is divided into providers, payers, patients, and others.
On the basis of region, the global telehealth and telemedicine market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the global telehealth and telemedicine market in revenue terms...
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Contact Us:
Mr. Alex (Sales Manager)`
Prophecy Market Insights
Phone: +1 860 531 2701
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