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The use of artificial intelligence and virtual assistants present lucrative opportunities

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Dublin, Jan. 03, 2023 (GLOBE NEWSWIRE) — The “telehealth market by component [Hardware (Peripheral Devices, Monitor), Software (Cloud, On-premise), Services (Real-time, Remote Monitoring)]Application (Radiology, Cardiology), End User (Provider, Payer, Patient) – Global Forecast to 2029 report” has been added to from ResearchAndMarkets.com offer.

The global telehealth market is expected to grow at a CAGR of 21.6% from 2022 to 2029 to reach $539.73 billion by 2029.

After a comprehensive secondary and primary study and in-depth analysis of the market scenario, the report provides the key drivers, restraints, challenges and opportunities of the industry.

Major factors driving the growth of this market include increasing prevalence of chronic diseases coupled with increasing geriatric population; favorable government efforts, reforms and regulations promoting the use of telehealth; a shortage of health professionals; and growing awareness of the benefits of telehealth. In addition, the use of artificial intelligence and virtual assistants, as well as the development of technologies such as telerobots, are likely to present the industry with significant potential opportunities in the near future.

However, a lack of adequate standards compared to conventional healthcare systems and concerns over patient privacy and confidentiality may limit the market growth. Additionally, reluctance to migrate from conventional systems, misdiagnoses, and technological barriers in developing countries can prove difficult for players operating in this market.

In 2022, on a component basis, the service segment is poised to hold the largest share owing to the increased use of teleconsultation and telemonitoring services in remote/rural areas, advancements in telecommunications and mobile technology and increased adoption of telehealth services, especially due to the epidemic. of the COVID-19 pandemic.

In 2022, based on application, the telehealth market is segmented into psychiatry, radiology, cardiology, primary care, dermatology, remote critical care, and other applications. The growing penetration of telehealth in the psychiatry segment can be attributed to the growing number of patients with mental health issues and increased user adoption attributed to growing awareness of the benefits of telepsychiatry services in treatment of mental health.

In 2022, on an end-user basis, the healthcare provider segment is poised to hold the largest share owing to the shortage of healthcare professionals, growing need to reduce healthcare costs healthcare, the high adoption of digital health technology and the increased need to better manage patients with chronic conditions.

In-depth analysis of the geographical scenario of the Global Telehealth Market provides detailed qualitative and quantitative insights for the major five geographies (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America) along with coverage of the main countries in each region. In 2022, North America is poised to hold the largest share of the global telehealth market, followed by Europe, Asia-Pacific, Latin America, Middle East and Africa.

The major players operating in the global telehealth market are Aerotel Medical Systems (1998) Ltd. (Israel), Cerner Corporation (USA), Medtronic Public Limited Company (Ireland), Koninklijke Philips NV (Netherlands), AMD Global Telemedicine, Inc. (USA), American Well Corporation (USA), Cisco Systems, Inc. (USA), Doctor On Demand, Inc. (USA), MDlive Inc. (USA), Siemens Healthineers AG (Germany), Teladoc Health, Inc. (USA) and Zipnosis, Inc. (USA).

Market dynamics

Drivers

  • Increase in the geriatric population, associated with the increasing prevalence of chronic diseases

  • Supportive government initiatives and policies

  • Shortage of health professionals

  • Increasing digitization and growing awareness of the benefits of telehealth

Constraints

Opportunities

Challenges

Main topics covered:

1. Introduction

2. Research methodology

3. Executive Summary

4. Market Overview

5. Next generation technologies

6. Global Telehealth Market, By Component

7. Global Telehealth Market, By Application

8. Global Telehealth Market, By End User

9. Telehealth Market, By Geography

10. Competitive Landscape

11. Company Profiles

12. Appendix

Companies cited

  • Aerotel Medical Systems (1998) Ltd. (Israel)

  • Cerner Corporation (USA)

  • Medtronic Public Limited Company (Ireland)

  • Koninklijke Philips NV (Netherlands)

  • AMD Global Telemedicine Inc. (USA)

  • American Well Corporation (USA)

  • Cisco Systems Inc. (USA)

  • Doctor On Demand Inc. (USA)

  • MDlive Inc. (USA)

  • Siemens Healthineers AG (Germany)

  • Teladoc Health Inc. (USA)

  • Zipnosis Inc. (USA).

For more information about this report visit https://www.researchandmarkets.com/r/a3ib6u

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