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Telehealth Market to Reach USD 75.51 Billion by 2027 | CAGR 16.8% | Medtronic, GE Healthcare, Cisco Systems

: New York, United States, 13-July-2020, (Via WiredRelease), (Reports and Data) – The global Telehealth Market is forecast to reach USD 75.51 Billion by 2027, according to a new report by Reports and Data. The market has witnessed an increase in demand in the past few years owing to the growing penetration of the internet and the emergence of advanced technologies in the healthcare sector. Digital health has developed into a successful business, attracting several industries from the outside of healthcare.

Telehealth utilizes digital information and telecommunications (smartphones, computers) to access in distant areas, and regular updates about the patient’s health are taken care of. 35% of the healthcare departments control more than 50% of the data in the cloud. Cloud computing in telehealth is useful in the reduction of operational expenses, and the ease of interoperability services is optimal. Telehealth is being used in Atrium Health, where virtual respiratory therapists deliver critical health care services in a hospital located in remote areas.

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The COVID-19 impact:

The COVID-19 virus pandemic has initiated a seismic wave of health anxiety and awareness, which is triggering a new category of virus-fighting tech. The lockdown to ensure social distancing has surged in the short run, and the manufacturers are positive the demand for these products will surge in the long run, especially due to COVID-19. The adoption of telehealth will particularly witness an increase in the remote areas. The support from the government across the globe will propel the market demand as well.

Key participants include

Medtronic, GE Healthcare, Cerner Corporation, Cisco Systems, Siemens Healthineers AG, American Well, Asahi Kasei Corporation, Iron Bow Technologies, Teladoc Health, and MDLive, among others.

For the purpose of this report, Reports and Data have segmented into the global Telehealth market on the basis of type, propellants, application, and region:

Product Outlook (Revenue, USD Billion; 2017-2027)

Service Hardware Software

End-User Outlook (Revenue, USD Billion; 2017-2027)

Patients Payers Healthcare Providers

Mode of Delivery Outlook (Revenue, USD Billion; 2017-2027)

Cloud-based On-Premises

 Regional Outlook (Revenue, USD Million; 2017-2027)

North America S Europe K France Asia Pacific China India Japan MEA Latin America Brazil

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Key aspects of the Telehealth Market Report:

The report comprises of Telehealth market overview, market share, demand and supply ratio, supply chain analysis, and import/export details. The report explores different strategies and procedures undertaken by key market players that assist in making profitable decisions. The report covers all the crucial information about the products and services of major competitors.

Key Question the Report Will Answers

At what rate will the Telehealth Market grow? What will be the value of the market in 2027? What are the key technologies driving Telehealth? What would be the impact of Telehealthacross different regions? What are the strategies adopted by players to enter the APAC region? What is the key application of Telehealthin the transportation sectors? What are future growth strategies in the market?

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Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development.

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Last Updated: 16-Jul-2020