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Global Telehealth Market 2016-2020: Technological Advancements and Favorable Improvements in Reimbursement Policies to Augment Growth

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Published on : Mar 30, 2016

ALBANY, New York, March 30, 2016 – A recent research report added to the collection of ResearchMoz.us offers an insightful study on the global telehealth market. The report, titled “Global Telehealth Market: Trends and Opportunities (2016-2020),” provides an overview of the global telehealth market and projects the size and valuation of the market in the near future. The report studies the key factors impacting the growth of the market as well as the current trends and developments that are defining the future outlook of the market. The global telehealth market has been studied across some of the key regions. The report further compiles information about the major players in the market.

Telehealth includes a broad variety of telecommunication technologies such as streaming media, video conferencing, terrestrial and wireless communications, and store-and-forward imaging to deliver enhanced health care and virtual medical services. The electronic information transmitted with the help of these technologies help to support long-distance clinical health care, public health and health administration, and patient and professional health-related education. The report offers an overview of the digital health industry and traces the evolution of the telehealth services. According to the medical sub-sectors, telehealth services have been segmented into telepathology, teleneurology, telecardiology, teledermatology, teleradiology, telepsychiatry, teletrauma, and telesurgery or remote surgery. Specialty sub-sectors such as telepsychiatry and telepediatrics are practiced over live videoconferencing systems.

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The report analyzes the overall telehealth market on the basis of market size, value, volume, healthcare conditions, and competitors. The rapidly growing population and the increasing prevalence of chronic diseases have propelled the demand for telehealth services. Technological advancements have further augmented the growth of the global telehealth market. However, the report states that low adoption and utilization of the telehealth services among consumers will restrain the growth of the overall market. Limited electronic health record (EHR) connectivity and interoperability, along with reimbursement challenges and regulatory and legal concerns will negatively affect the market growth. The report compiles data regarding the reimbursement of telehealth services by Medicaid. 

The global telehealth market has been witnessing some positive trends such as improvements in the reimbursement scenario, venture funding in telehealth companies, and acquisitions among the key market players. The report studies the growth of the telehealth market across North America and Europe. The key dynamics in both these regional markets have been analyzed in the report. While the U.S. is the key market for telehealth services in North America, the U.K. drives the demand from the market in Europe.

Describing the competitive hierarchy, the report profiles some of the key players in the global telehealth market such as Teladoc Inc., MDLIVE Inc., and American Well. The report provides insightful information about the key players including their financial overview and business strategies. The report further compares the leading telehealth companies in terms of sub-sectors. 

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