The global telehealth market is set to nearly double in next 5 years due to the demand for high-quality healthcare and remote patient monitoring, according to a new report by ReportsnReports.com. Analysts forcecasts the telehealth market togrow at a CAGR of 18.88 percent over the period 2014-2019.
Enhancing Mobile Health Reach
While all major players in the market are focusing on R&D to launch innovative products and services, there is also a sense of urgency among vendors regarding the need to improve bandwidth and enhance the reach of mobile health.
The report also finds major telehealth market players are focused on reducing fragmentation among healthcare and network providers as well as developing common guidelines for telehealth services while driving innovation.
In addition, mobile connectivity is expected to emerge as one of the main advantages in telehealth, to be deployed for remote monitoring, medicine compliance, and assisted living facilities for connected patients. With an ever-increasing demand for telehealth services, leading vendors like GE Healthcare, McKesson, Philips Healthcare, and Siemens Healthcare are stressing innovation as the way forward in the healthcare IT infrastructure segment.
This global Telehealth market report covers the present scenario and the growth prospects of the worldwide industry during the period 2015-2019. To calculate the market size, the report considers revenue generated through providing medical services using IT and electronic communication. The applications used for such services include video conferencing, e-mail, smartphones, wireless tools, and other form of telecommunication technology. The Global Telehealth market is also categorized into end-user and application segments. The report consists of a detailed study of the market according to the geographical segments and key leading countries.
Key questions on telehealth industry answered in this report cover what will the market size be in 2019 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
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