Global Telehealth Technology Market Overview:
Telehealth is the delivery of health-related services and information via electronic communication; individuals can manage their health with remote assistance from healthcare professionals. Technology is an important aspect of this service delivery, but telehealth is not limited to one type of technology. Due to the pandemic, demand for healthcare services and technologies reached an all-time high. In addition, technology like telemedicine, chatbots, and others are being used to collect data, reassure the public, treat patients, and make diagnosis.
- Increasing Adoption of Telemedicine is Driving the Telehealth Technology Market
- Growing Demand for Radiological Services owing to Increasing Chronic Diseases such ss Congestive Heart Failure, Orthopedic Injuries and Others
- High Initial Setup Cost and Error in Sampling Pathological Data
- Increase in Government Expenditure on Healthcare Information (HCIT)
- Increasing Frauds in Healthcare
The demand for telehealth technology is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Allscripts, Teladoc and Livongo and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders such as Allscripts, Teladoc and Livongo demonstrate a market-defining vision of how telehealth technology can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Some of the key players profiled in the report are Teladoc Health, Inc. (United States), Allscripts (United States), Livongo Health Inc (United States), 23andMe (United States), MDLIVE (United States), BetterHelp (United States), GoodRx (United States), HealthTap (United States), Amwell (United States), Practo (India) and VSee (United States). Additionally, following companies can also be profiled that are part of our coverage like Navigating Cancer, Inc. (United States), 98point6 (United States) and Doctor On Demand (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Telehealth Technology market by 2027. Considering Market by End-user , the sub-segment i.e. Healthcare Providers will boost the Telehealth Technology market. Considering Market by Component , the sub-segment i.e. Product will boost the Telehealth Technology market. Considering Market by Technology, the sub-segment i.e. Real-Time Video Conferencing will boost the Telehealth Technology market. Considering Market by Delivery Mode, the sub-segment i.e. Web/Mobile will boost the Telehealth Technology market.
In May 2021 Allscripts, healthcare business units Veradigm had announced partnership with Lash Group. This agreement will make specialty medications available for management within the Veradigm AccelRx Platform, which restructures the specialty enrollment process for veradigm, Allscripts, and other HER software vendors.
What Can be Explored with the Telehealth Technology Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Telehealth Technology Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Telehealth Technology
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Telehealth Technology market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Telehealth Technology market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Healthcare Providers, Patients and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Telehealth Technology Market?
The Telehealth Technology market is expected to see a CAGR of % during projected year 2021 to 2027.
2. Who are the top performing companies in Telehealth Technology Market?
Top performing companies in the Global Telehealth Technology market are Teladoc Health, Inc. (United States), Allscripts (United States), Livongo Health Inc (United States), 23andMe (United States), MDLIVE (United States), BetterHelp (United States), GoodRx (United States), HealthTap (United States), Amwell (United States), Practo (India) and VSee (United States), to name a few.
3. What trending factors would impact Telehealth Technology Market growth most?
"Emergence of Mobile Health (mHealth)" is seen as one of major influencing trends for Telehealth Technology Market during projected period 2021-2027.