Homecare Telehealth Market Scope
Homecare Telehealth is a service or a technique by which patients can get there treatment done remotely. It involves distributing different health-related services through electronic telecommunication technologies. This technique helps in providing or allowing the patients who are at a long distance to meet all the requirement for their respected treatments. It also consists of a concept of telemedicine which is sometimes used in a limited sense in order to treat the patient in a better manner. Lack of medical facilities in rural areas is driving the market for homecare telehealth.
The market study is being classified by Type (External Remote Patient Monitoring Devices and Implantable Remote Patient Monitoring Devices), by Application (Home and Hospital) and major geographies with country level break-up.
Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Homecare Telehealth market throughout the predicted period.
Biotronik SE & Co. KG (Germany), Boston Scientific Corporation (United States), CAS Medical Systems (United States), CONTEC MEDICAL (China), Dragerwerk (Germany), GE Healthcare (United States), Guangdong Biolight Meditech (China), Medtronic, Inc. (Ireland), Mindray Medical (China) and Nihon Kohden (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Philips Healthcare (Netherlands), Spacelabs Healthcare (United States) and St. Jude Medical, Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Homecare Telehealth market by Type, Application and Region.
On the basis of geography, the market of Homecare Telehealth has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Telepathology will boost the Homecare Telehealth market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
The United States require a practitioner to obtain a full license to deliver telemedicine care across state lines. Typically, states with restrictive licensure laws also have several exceptions (varying from state to state) that may release an out-of-state practitioner from the additional burden of obtaining such a license. A number of states require practitioners who seek compensation to frequently deliver interstate care to acquire a full license. If a practitioner serves several states, obtaining this license in each state could be an expensive and time-consuming proposition. Even if the practitioner never practices medicine face-to-face with a patient in another state, he/she still must meet a variety of other individual state requirements, including paying substantial licensure fees, passing additional oral and written examinations, and traveling for interviews.
- The Emergence of Telehealth Robots & Robotic Telehealth Platforms
- Increasing Demand for Virtual Visits, and Remote Patient Monitoring in Developed Countries
- Increasing Number of Patients in Rural Areas with no Facilities of Hospitals
- Lack of Transportation and Staff Required for Hospitals
- Rapid Technological Advancements Fueling Telehealth Adoption
- Rising Awareness among Rural People about Telehealth
- Legal Barriers & Lack of Standard Regulations for Telehealth
- Lack of Standard Interoperability & Data Integration with Telehealth Infrastructure
- Issue Related to Data Security & Privacy Risks Associated With Telehealth
Key Target AudienceClinical, Pharmaceuticals, Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Other
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