(EMAILWIRE.COM, July 25, 2018 ) Telehealth involves both clinical and nonclinical (medical education, administration, and research) services. It allows remote doctor-patient consultations, monitoring of vital signs, health education services, enabling medical practitioners to evaluate and diagnose patients, e-prescribe medicines and treatments, and detect fluctuations in their medical conditions. The telehealth market is projected to reach USD 9.35 Billion by 2021 from USD 2.28 Billion in 2015, at a CAGR of 27.5% in the forecast period. Factors such as growth in geriatric population, dearth of healthcare professionals worldwide, improvements in telecommunication infrastructure, technological advancements, increasing utilization of connected devices for the management of chronic diseases, and need for affordable treatment options due to rising healthcare costs. On the other hand, factors such as limited reimbursements in the US and legality, privacy, and security concerns worldwide are expected to restrain the growth of this market. In this report, 2015 is considered as the base year and the forecast period is from 2016 to 2021.

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Objectives of the Study

To define, describe, and forecast the global telehealth market on the basis of component, mode of delivery, end user, and region.
To provide detailed information regarding the major factors (such as drivers, restraints, and growth opportunities) influencing the growth of the market
To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the global telehealth market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To strategically analyze the market structure and profile the key players of the telehealth market and comprehensively analyze their core competencies
To forecast the size of the market segments with respect to four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
To track and analyze competitive developments such as agreements, collaborations, mergers, partnerships, and alliances; new product launches; marketing and promotional activities; and acquisitions
To benchmark players within the market using proprietary "Competitive Leadership Mapping" framework, which analyzes market players on various parameters within the broad categories of business and product strategy
Research Methodology

Top-down and bottom-up approaches were used to validate the size of the global telehealth market and estimate the size of other dependent submarkets. Various secondary sources such as associations like the Center for Telehealth & e-Health Law, Home Telehealth & Remote Monitoring SIG, The Home Healthcare Nurses Association, Association of Telehealth Service Providers (ATSP), The University of Kansas Center for Telemedicine & Telehealth (KUCTT), Brazilian Council of Telemedicine & Telehealth, and Telehealth Center of State University Rio de Janeiro, directories, industry journals, databases, and annual reports of the companies have been used to identify and collect information useful for the study of this market. Primary sources such as experts from both supply and demand sides have been interviewed to obtain and validate information as well as to assess dynamics of this market.

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Philips (The Netherlands), Medtronic (Ireland), Honeywell Life Care Solutions (US), Tunstall Healthcare (UK), Care Innovations (US), Cerner (US), and Cisco Systems (US) are some of the key players in the telehealth market.

Target Audience

Healthcare IT Service Providers
Healthcare Insurance Companies/Payers
Healthcare Institutions/Providers (Hospitals, Medical Groups, Physician Practices, Diagnostic Centers, and Outpatient Clinics)
Venture Capitalists
Government Bodies
Corporate Entities
Market Research and Consulting Firms
Medical Device Manufacturers
Accountable Care Organizations
Community Centers
Telehealth Resource Centers

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