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Telehealth Market by Component Type (Hardware, Software and Services), by Mode of Delivery Type (Web Based, Cloud Based and On Premise) for Providers, Payers, Patients and Other End Users: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2022

Published Date: 10-Feb-2017 Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-1026 Status : Published

Global telehealth market is expected to reach USD 12,131.0 million by 2022, growing at a CAGR of 30.1% between 2017 and 2022.

Description

The Telehealth market report includes comprehensive and profound analysis on the global and regional level. The report gives historic data of 2014 along with a forecast from 2017 to 2022 based on revenue (USD Million). The study comprises drivers, restraints, and opportunities for the telehealth market along with the impact on the demand over the forecast period.

The report provides the complete view on the telehealth market and encompasses detailed type portfolio and strategic developments of key vendors. To know the competitive landscape of the telehealth market, an analysis of Porter’s five forces model is done. The study cover market attractiveness analysis, in which type segments are specialized based on the market size, growth rate, and attractiveness.

The report provides a crucial view on the telehealth market by segmenting the market based on component type, mode of delivery type, end users and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. The component type segmentation includes hardware, software, and services. The mode of delivery type segmentation includes web-based, cloud-based and on premise. The end users segmentation includes providers, payers, patients and other end users. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa with its further bifurcation into major countries including the U.S. Germany, France, UK, China, Japan, India, and Brazil.

The report presents comprehensive competitive outlook with company profiles of the key players operating in the global market. Key participants profiled in the report include Philips Healthcare, McKesson Corporation, Medtronic plc, Medvivo Group Ltd. and Tunstall Healthcare among others.

This report segments the telehealth market as follows:

Global Telehealth Market: By Component Type Segment Analysis

  • Hardware
  • Software
  • Services

Global Telehealth Market: By Mode of Delivery Type Segment Analysis

  • Web-based
  • Cloud based
  • On-premise

Global Telehealth Market: By End User Segment Analysis

  • Providers
  • Payers
  • Patients
  • Other End Users 

Global Telehealth Market: By Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global market revenue, 2014-2022 (USD Million)
    • 2.2. Global Telehealth market: Snapshot
  • Chapter 3. Telehealth Market – Global and Industry Analysis
    • 3.1. Telehealth Market: Market dynamics
    • 3.2. Market drivers
      • 3.2.1. Drivers of global telehealth market: Impact analysis
      • 3.2.2. Rising chronic diseases
      • 3.2.3. Cost-effective care
    • 3.3. Market restraints
      • 3.3.1. Restraints of Telehealth market: Impact analysis
      • 3.3.2. Reimbursement infrastructure
    • 3.4. Opportunities
      • 3.4.1. Research & development for telehealth solutions
      • 3.4.2. Rising geriatric population
    • 3.5. Porter’s five forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by component type
      • 3.6.2. Market attractiveness analysis by mode of delivery type
      • 3.6.3. Market attractiveness analysis by end-user
      • 3.6.4. Market attractiveness analysis by region
  • Chapter 4. Global Telehealth Market - Competitive Landscape
    • 4.1. Company market share, 2015
      • 4.1.1. Global Telehealth market: company market share, 2015
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Type Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Type and Regional Expansion
  • Chapter 5. Global Telehealth Market –Component Analysis
    • 5.1. Global Telehealth market: Component overview
      • 5.1.1. Global Telehealth market revenue share, by Component, 2014-2022
    • 5.2. Hardware
      • 5.2.1. Global market for hardware, 2014-2022 (USD Million)
    • 5.3. Software
      • 5.3.1. Global market for software, 2014-2022 (USD Million)
    • 5.4. Services
      • 5.4.1. Global market for services, 2014-2022 (USD Million)
  • Chapter 6. Global Telehealth Market –Mode of delivery type Analysis
    • 6.1. Global Telehealth market: Mode of delivery type overview
      • 6.1.1. Global Telehealth market revenue share, by mode of delivery type, 2014-2022
    • 6.2. Web based
      • 6.2.1. Global Telehealth market for web based, 2014-2022 (USD Million)
    • 6.3. Cloud based
      • 6.3.1. Global Telehealth market for cloud based, 2014-2022 (USD Million)
    • 6.4. On premise
      • 6.4.1. Global Telehealth market for on premise, 2014-2022 (USD Million)
  • Chapter 7. Global Telehealth Market – End-User Analysis
    • 7.1. Global Telehealth market: End-user overview
      • 7.1.1. Global telehealth market revenue share, by end-user, 2014-2022
    • 7.2. Providers
      • 7.2.1. Global telehealth market for providers, 2014-2022 (USD Million)
    • 7.3. Payers
      • 7.3.1. Global telehealth market for payers, 2014-2022 (USD Million)
    • 7.4. Patients
      • 7.4.1. Global telehealth market for patients, 2014-2022 (USD Million)
    • 7.5. Others
      • 7.5.1. Global telehealth market for other end-users, 2014-2022 (USD Million)
  • Chapter 8. Global Telehealth Market – Regional Analysis
    • 8.1. Global building material market: Regional overview
      • 8.1.1. Global telehealth market revenue share by region, 2014-2022
    • 8.2. North America
      • 8.2.1. North America telehealth market revenue, by component, 2014-2022 (USD Million)
      • 8.2.2. North America telehealth market revenue, by mode of delivery type, 2014-2022 (USD Million)
      • 8.2.3. North America telehealth market revenue, by end-user, 2014-2022 (USD Million)
      • 8.2.4. U.S.
        • 8.2.4.1. U.S. telehealth market revenue, by component, 2014 – 2022(USD Million)
        • 8.2.4.2. U.S. telehealth market revenue, by mode of delivery type, 2014-2022 (USD Million)
        • 8.2.4.3. U.S. telehealth market revenue, by end-user, 2014-2022 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe telehealth market revenue, by component, 2014-2022 (USD Million)
      • 8.3.2. Europe telehealth market revenue, by mode of delivery type, 2014-2022 (USD Million)
      • 8.3.3. Europe telehealth market revenue, by end-user, 2014-2022 (USD Million)
      • 8.3.4. U.K.
        • 8.3.4.1. U.K. telehealth market revenue, by component, 2014 – 2022(USD Million)
        • 8.3.4.2. U.K. telehealth market revenue, by mode of delivery type, 2014-2022 (USD Million)
        • 8.3.4.3. U.K. telehealth market revenue, by end-user, 2014-2022 (USD Million)
      • 8.3.5. France
        • 8.3.5.1. France telehealth market revenue, by component, 2014 – 2022(USD Million)
        • 8.3.5.2. France telehealth market revenue, by mode of delivery type, 2014-2022 (USD Million)
        • 8.3.5.3. France telehealth market revenue, by end-user, 2014-2022 (USD Million)
      • 8.3.6. Germany
        • 8.3.6.1. Germany telehealth market revenue, by component, 2014 – 2022(USD Million)
        • 8.3.6.2. Germany telehealth market revenue, by mode of delivery type, 2014-2022 (USD Million)
        • 8.3.6.3. Germany telehealth market revenue, by end-user, 2014-2022 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific telehealth market revenue, by component, 2014-2022 (USD Million)
      • 8.4.2. Asia Pacific telehealth market revenue, by mode of delivery type, 2014-2022 (USD Million)
      • 8.4.3. Asia Pacific telehealth market revenue, by end-user, 2014-2022 (USD Million)
      • 8.4.4. China
        • 8.4.4.1. China telehealth market revenue, by component, 2014 – 2022(USD Million)
        • 8.4.4.2. China telehealth market revenue, by mode of delivery type, 2014-2022 (USD Million)
        • 8.4.4.3. China telehealth market revenue, by end-user, 2014-2022 (USD Million)
      • 8.4.5. India
        • 8.4.5.1. India telehealth market revenue, by component, 2014 – 2022(USD Million)
        • 8.4.5.2. India telehealth market revenue, by mode of delivery type, 2014-2022 (USD Million)
        • 8.4.5.3. India telehealth market revenue, by end-user, 2014-2022 (USD Million)
      • 8.4.6. Japan
        • 8.4.6.1. Japan telehealth market revenue, by component, 2014 – 2022(USD Million)
        • 8.4.6.2. Japan telehealth market revenue, by mode of delivery type, 2014-2022 (USD Million)
        • 8.4.6.3. Japan telehealth market revenue, by end-user, 2014-2022 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America telehealth market revenue, by component, 2014-2022 (USD Million)
      • 8.5.2. Latin America telehealth market revenue, by mode of delivery type, 2014-2022 (USD Million)
      • 8.5.3. Latin America telehealth market revenue, by end-user, 2014-2022 (USD Million)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil telehealth market revenue, by component, 2014 – 2022(USD Million)
        • 8.5.4.2. Brazil telehealth market revenue, by mode of delivery type, 2014-2022 (USD Million)
        • 8.5.4.3. Brazil telehealth market revenue, by end-user, 2014-2022 (USD Million)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and Africa telehealth market revenue, by component, 2014-2022 (USD Million)
      • 8.6.2. Middle East and Africa telehealth market revenue, by mode of delivery type, 2014-2022 (USD Million)
      • 8.6.3. Middle East and Africa telehealth market revenue, by end-user, 2014-2022 (USD Million)
  • Chapter 9. Company Profile
    • 9.1. Philips Healthcare
      • 9.1.1. Financials
      • 9.1.2. Component portfolio
      • 9.1.3. Business strategy
      • 9.1.4. Recent developments
    • 9.2. McKesson Corporation
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Component portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Medtronic plc
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Component portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Medvivo Group Ltd.
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Component portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Tunstall Healthcare
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Component portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Honeywell Life Care Solutions
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Component portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Care Innovations
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Component portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Cerner Corporation 
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Component portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Cisco Systems, Inc. 
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Component portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10  American Well
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Component portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments
    • 9.10  InTouch Health
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Component portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Global Telehealth market. Zion Research has collected and analyzed key data belong to the global Global Telehealth market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Global Telehealth across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Global Telehealth industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Global Telehealth market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Telehealth is becoming vital to healthcare delivery system which enables remote patients’ access to healthcare professionals and connects the healthcare providers with other practitioners over worldwide. Telehealth is the transmission of information from one site to another through electronic information and telecommunication technology to facilitate the diagnosis, consultation, treatment, education, care management and self-management of a patient’s health care of patients residing in remote areas. For example, approximately 20 percent of Americans live in rural areas where many do not have easy access to primary care or specialist services. The availability of telehealth services to these areas provides better access to health care by eliminating the need to travel long distances to see an expert health care professional. One of the most important benefits of telehealth is in the reducing costs due to lowering in hospitalizations, readmissions, and length of stays.

Increasing prevalence of chronic diseases and rising healthcare cost drives the demand for telehealth solutions. In addition, increasing healthcare expenditures, the rapid increase in the software market, improving telecommunication infrastructure supplements the growth of telehealth market within the forecast period. Furthermore, telehealth market is on the rise due to improvements in technology that enables the healthcare professionals to see patients on screen from a distant location. According to the National Business Group on Health (NBGH), 74 percent of large U.S. employers say they plan to offer telehealth services were permitted under the law, an increase from 48% in an earlier survey. This suggests that telehealth usage is going to rise rapidly. However, lack of proper reimbursement policies, the high cost of technology and underdeveloped interoperability standards hampers the adoption of telehealth market within the forecast period. In spite of these restraints, technological advancements to produce more innovative telehealth solutions can be an opportunity in this market.

Global-Telehealth-Market

On the basis of the component, the global telehealth market is categorized into; hardware, software, and services. In this segment, hardware held around more than 45.5% market share in 2016 and is expected to grow at a double-digit CAGR in coming five years. The software is expected to witness a significant growth within the forecast period owing to advancements in telecommunication infrastructure coupled with increasing adoption of remote monitoring solutions by patients in rural locations.

An end-user segment of the telehealth market includes the: providers, payers, patients and other end users.  In this segment, players have accounted for the second largest market share of the global telehealth market in 2016 and are expected to grow at a significant rate of CAGR in coming five years. In this segment, providers include the healthcare professionals such as physicians and clinicians, hospitals, and clinics.

North America has dominated the global telehealth market by accounting for 41.4% of market share in 2016 and is expected to grow at a CAGR of around 29.9% in coming five years. U.S. holds the largest market share in telehealth market in this region owing to the paucity of an adequate number of healthcare professionals, upcoming regulatory policies, and geriatric population. In Canada, 77 percent of primary care physicians are now using electronic medical records, 98 percent of hospitals offering telehealth video conferencing and 88 percent of lab test results are now digital.

North America is expected to follow by the Europe within the forecast period owing to increasing adoption of digital healthcare systems. In this region, U.K. attributed for largest market share owing to the aging population (11.4 million people in the UK are aged over 65) favorable government policies regarding telehealth and high telecare penetration.

Asia-Pacific is expected to show the fastest growth with a CAGR of 35.6% within the forecast period. Telehealth market growth in this region is expected to drive by increasing geriatric population and high internet penetration. In this region, For example, Japan has a large Health IT market size (around $4 billion), a significantly aging population, a high concentration of population clustered in urban areas and a tech-friendly society thus all these factors supplements the telehealth market growth.  

Latin America is expected to show a moderate growth due to increasing awareness among healthcare professionals related to the benefits of telehealth. In this region, Brazil has a high growth rate in the over-60 population over the next 15 years, indicating that a huge potential telehealth market in coming five years. The Middle East and Africa, market growth for telehealth is expected to boost by increasing prevalence of chronic diseases coupled with the scarcity of healthcare professional.

The report presents comprehensive competitive outlook with company profiles of the key players operating in the global market. Key participants profiled in the report include Philips Healthcare, McKesson Corporation, Medtronic plc, Medvivo Group Ltd. and Tunstall Healthcare among others.

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