Size and Share Trends Analysis for the Telehealth Market: Forecasts

1. Telehealth Market Worth $539.73 Billion by 2029

2. Global Telehealth Market – 2022-2029 Meticulous Research, a leading market research firm, has published a new report titled “Telehealth Market by Component [Hardware (Peripheral Devices, Monitor), Software (Cloud, On- premise), Services (Real-time, Remote Monitoring)], Application (Radiology, Cardiology, Psychiatry), End User (Provider, Payer, Patient) - Global Forecast to 2029.” Download Sample Report: https://www.meticulousresearch.com/download-sample- report/cp_id=4174 The report forecasts that the global telehealth market will expand at a CAGR of 21.6% from 2022 to 2029, reaching an estimated value of $539.73 billion. Factors such as the increasing geriatric population, rising incidence of chronic diseases, and supportive government policies aimed at promoting telehealth services are the key drivers of market growth. Technological advancements like artificial intelligence (AI) and virtual healthcare assistants are expected to play a significant role in enhancing telehealth services. The development of telerobotic solutions is also set to transform healthcare delivery by enabling more precise and efficient care, especially in underserved regions. Despite these growth opportunities, the report highlights several challenges that could impede market expansion. The absence of standardized healthcare practices in telehealth, when compared to traditional healthcare systems, remains a major concern. Additionally, patient privacy and confidentiality issues pose challenges to the widespread adoption of telehealth platforms. Another significant barrier is the reluctance of healthcare providers and patients to transition from conventional healthcare systems to telehealth solutions. Concerns over misdiagnosis and technological limitations in developing countries may further hinder the adoption of telehealth services. The report segments the global telehealth market based on components such as hardware, software, and services. It also examines the market by application, including radiology, cardiology, and psychiatry, and analyzes market dynamics at the country level. In 2022, the services segment is anticipated to lead the market, driven by the growing use of teleconsultation and remote monitoring solutions. The increasing prevalence of chronic diseases and the need for improved access to healthcare in remote areas are major factors contributing to the rise of telehealth services. The psychiatry segment is expected to dominate the telehealth market in 2022. Telepsychiatry has become an essential tool for addressing mental health challenges, particularly in the wake of the COVID-19 pandemic. Telepsychiatry allows healthcare providers to offer psychiatric evaluations, therapy, and medication management remotely. In terms of end users, healthcare providers are projected to be the largest segment in 2022. As healthcare systems face rising demand for convenient care, many providers are turning to telehealth solutions to meet these needs. The ongoing shortage of medical professionals has further driven the adoption of telehealth technologies. Geographically, North America is forecasted to dominate the global telehealth market in 2022, followed by Europe and the Asia-Pacific region. North America’s advanced healthcare Page 1 of 2 © Meticulous Research| sales@meticulousresearch.com

3. Global Telehealth Market – 2022-2029 infrastructure and high adoption rates of telehealth technologies make it the leading region in the market. Key Players: The key players operating in the telehealth market are Aerotel Medical Systems (1998) Ltd. (Israel), Cerner Corporation (U.S.), Medtronic Public Limited Company (Ireland), Koninklijke Philips N.V. (Netherlands), AMD Global Telemedicine, Inc. (U.S.), American Well Corporation (U.S.), Cisco Systems, Inc. (U.S.), Doctor On Demand, Inc. (U.S.), MDlive Inc. (U.S.), Siemens Healthineers AG (Germany), Teladoc Health, Inc. (U.S.), and Zipnosis, Inc. (U.S.), among others. To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/telehealth-market-4174 Key questions answered in the report- • Which are the high-growth market segments in terms of component, application, end user, and region/country? • What was the historical market for telehealth across the globe? • What are the market forecasts and estimates for the period 2022–2029? • What are the major drivers, restraints, opportunities, and challenges in the global telehealth market? • Who are the major players in the telehealth market? • How is the competitive landscape, and who are the market leaders in the global telehealth market? • What are the recent developments in the global telehealth market? • What are the different strategies adopted by the major players in the global telehealth market? • What are the geographical trends and high-growth regions/countries? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Connect with us on Twitter- https://twitter.com/MeticulousR123 Page 2 of 2 © Meticulous Research| sales@meticulousresearch.com