Global US$ 266.8 Telehealth Market Outlook and Forecast 2018-2026

Telehealth Market Outlook and Forecasts 2018-2026 | Demand for Virtual Visits, Remote Patient Monitoring

The Global Telehealth Market was valued at US$ 49.8 Bn in 2018. Fortune Business Insights has predicted that the market will reach US$ 266.8 Bn by 2026, thereby exhibiting a CAGR of 23.4%.

The ability of Telehealth Market to access and manage healthcare services has led to their rising uptake across the world. Telehealth is used to enhance healthcare services as well as increase feasibility within the healthcare services. Recent technological advancements in telehealth services have created huge potential for growth of the global telehealth market for the forthcoming years.
The ability of telehealth services and products to reach out to rural areas and people who cannot access healthcare facilities has created a huge demand across the world. Resulting from such exceptional benefits for telehealth products, investors have identified this market as a gem and have identified several growth opportunities for the telehealth market companies around the world. Additionally, applications of telehealth in improving coordination and communication among the healthcare team will contribute to the increasing demand for telehealth products across the world.

Key questions answered in the Telehealth Market report:
• What will the market growth rate of Telehealth market in 2026?
• What are the key factors driving the Global Telehealth market?
• What are sales, revenue, and price analysis of top manufacturers of Telehealth market?
• Who are the distributors, traders and dealers of Telehealth market?
• Who are the key vendors in Telehealth market space?
• What are the Telehealth market opportunities and threats faced by the vendors in the Asia Telehealth market?
• What are sales, revenue, and price analysis by types, application and regions of Telehealth market?

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By Type

· Products

· Services

By Application

· Telemedicine

· Patient Monitoring

· Continuous Medical Education

· Others

By Modality

· Store-and-forward (Asynchronous)

· Real-time (Synchronous)

· Remote Patient Monitoring

Technological Advancements to Fuel Demand for Telehealth Services
The technological advancements in telehealth products and services have fuelled the demand for telehealth services across the world. The advent of user-friendly systems has contributed to a high demand, which in turn has led to an increase in the global telehealth market value in recent years. In 2019, InTouch announced the launch of a fully integrated end-to-end virtual platform aimed at providing enhanced patient care solutions. ‘Solo’ was a flexible platform integrated with services such as enhanced emergency care solutions, direct-to-patient, and direct-to-customer, which in turn will contribute to the growth of the global telehealth market in the coming years.

Company Collaborations Are Proving Chief Growth Drivers
Due to the increasing demand, telehealth market companies are adopting collaborative strategies with the aim of expanding business on a global scale. Furthermore, leading companies in the telehealth industry are focusing on mergers and acquisitions to gain competitive strength. Companies are trying to incorporate modern industrial concepts with a view to gain more end users. Fortune Business Insights expects market collaborations will help companies generate substantial telehealth market revenue.

Fortune Business Insights highlights some of the prominent telehealth market companies. Some of the leading companies that are operating in the global market are American Well, Teladoc Health, Doctor On Demand, GlobalMed, Dictum Health, Inc., LLC, InTouch Technologies, Inc., MDLIVE Inc., Encounter Telehealth, HelloMD, and SnapMD, Inc.

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Name: Ashwin Arora
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Organization: Fortune Business Insights Pvt. Ltd.

Release ID: 88913539