The telehealth market is estimated to grow at a CAGR of 15.7% during the forecast period from 2018 to 2025. The market for telehealth is estimated to reach US$ 52,897.2 Mn in 2025.
Telehealth is a technique of exchanging data from a patient at home to healthcare professional for getting assistance in monitoring and diagnosing. Telehealth allows the healthcare practitioner to easily offer their services on consultation, care management, diagnosis, and self-management services using information & communication technologies (ICT). These services are being offered through various mode of delivery such as on-premise, web-based, and cloud-based.
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Growing aging population, increase in number of chronic diseases, and increasing demand for home monitoring devices are the major drivers which are likely to aid the growth of telehealth market. Rising technological advancements and enhancing demand for home monitoring solutions are likely to add new opportunities for this market in the coming years.
The major players operating in the market of telehealth market include :-
- 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.