Telehealth Market share will register 19% CAGR up to 2025
May 6, 2019
United States telehealth market is poised exceed USD 64 billion by 2025 supported by presence of large number of mobile phone and smart phone users couples with well-developed telecommunications network.
Selbyville, United States - May 6, 2019 /MarketersMedia/ —
Japan Telehealth market is poised to surpass USD 2.7 billion by 2025. Japan has one of the most advanced telecommunication technologies that enables quick implementation of telemedicine platforms. Medical insurance coverage, improved healthcare, rise in incomes and urbanization is anticipated to bolster the telemedicine market in this region.
Germany Telehealth market accounted for largest share in 2018 and is expected to grow at 18.1% CAGR over the projected period. High growth is attributable to increasing telecommunication structure coupled with growing smart phone users. The escalating prevalence of chronic disorders such as cardiovascular diseases due to adoption of sedentary lifestyles will boost market growth.
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Tele-education/training market segment is set to achieve over 20% CAGR from 2019 to 2025 High growth rate is credited to increasing adoption of telemedicine platforms in developing economies. Furthermore, major market players are exploring untapped markets in growing economies, that will boost tele-education/training market in the future.
Global Telehealth Market is poised to surpass USD 130.5 billion by 2025; according to a new research report by Global Market Insights, Inc. Growing telecommunications network and integration of healthcare and IT sector will boost the growth of global market across the forecast timeframe. As per Pew Research Center statistics, in U.S. mobile phone and smart phone penetration have reached 95% in the year 2018. Increasing number of smart phone users along with development of telecommunication network will drive the market growth in the future.
Telehome market segment will cross USD 45 billion by 2025. Affordable high-speed internet and increasing smart phone and wearables adoption will rapidly boost telehome market. Moreover, increasing importance of real-time monitoring of elder patients will further propel market growth in the future.
Application of telehealth market in neurology is projected to achieve 20% CAGR in given timeframe. Increasing prevalence of neurological disorders such as Alzheimer?s disease and Parkinson's diseases will foster market growth in the future. Also, with real-time consultations and remote patient monitoring, the quality of healthcare service provided will improve, thus leading to market growth.
Web/mobile segment is expected to exceed USD 80 billion by 2025. Increasing penetration of smart phone and internet users in both developing as well as developed countries will be a major factor boosting market growth. Increasing technological advancements and growing telecommunications network will positively drive market growth.
Few of the prominent market players involved in global telehealth market are Allscripts Healthcare Solutions Inc, AMD Global Telemedicine, BioTelemetry, Cerner Corporation, Cisco Systems, Honeywell International Inc, InTouch Technologies, Koninklijke Philips N.V., McKesson Corporation and OBS Medical.
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Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/pressrelease/telemedicine-market
Source URL: https://marketersmedia.com/telehealth-market-share-will-register-19-cagr-up-to-2025/509291
Source: MarketersMedia
Release ID: 509291
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