Telehealth as a Service was estimated to be US$ 13.15 billion in 2020 and is expected to reach US$ 25.09 billion by 2029, growing at a CAGR of 28.19% over the forecast period. Telehealth as a service market was valued at - in 2020 and is expected to reach - million by 2029, growing at an estimated CAGR of - over the forecast period. Just like every other industry, healthcare industry has also reinvented itself. With the help of internet, medical services can be accessed from any part of the globe. The accessibility along with increased demand to bring down the costs incurred on health care is taking telehealth as a service market. In today’s times, where the number of young population suffering from chronic diseases is going upwards, the demand for high-quality healthcare at a lower cost is also on a rise. Telehealth as a service market is currently witnessing a favorable scenario as majority of people are seeking consultations from their physicians virtually due to the recent COVID-19 outbreak.
The demand for technology-based healthcare platforms along with favorable initiatives from several governments globally is driving the telehealth as a service market ahead. While this market has numerous driving factors, its growth may be hindered from concerns surrounding the privacy of people using the telehealth service platforms. In the internet-era, where data is considered as new crude, this precious information is more likely to be leaked online.
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Despite this, the telehealth as a service market is expected to grow leaps and bounds mainly because of rapidly developing medical infrastructure. While these services are becoming more popular among people living in larger cities courtesy of the convenience factor, the same thing is applicable to the rural population for whom accessing proper medical facilities used to be a bigger problem.
The detailed research study provides qualitative and quantitative analysis of telehealth as a service market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Key Findings of the Report:
• Telehealth as a service market is expected to benefit immensely by the ongoing COVID-19 pandemic where more people prefer online consultations.
• Software based solution is easier to install and use, it is also preferred by smaller clinics bringing most of the profit for the telehealth as a service market.
• Sale of hardware which includes camera, microphones, monitors and laptops accounts for maximum amount of revenue generated by this market.
• Today more hospitals and clinics are turning towards telehealth services primarily for its appointment management feature.
• Some of the major players operating in the telehealth as a service market include IBM, SilverCloud Health, ACETIAM Connect and QARE amongst others.
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Telehealth as a Service Market
By Category
o Software
o Hardware
o Services
By Application
o HIPAA- Complaint
o Appointment Management
o Patient Reminders
o Others
By End User
o Healthcare Providers
Hospitals
Clinics
Ambulatory Centers
Others
o Patients
o Home Health
o Medical Centers
o Communities
o Others
By Geography
o North America
U.S
Canada
Mexico
Rest of North America
o Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
Denmark
Finland
Iceland
Sweden
Norway
Benelux Union
Belgium
The Netherlands
Luxembourg
Rest of Europe
o Asia Pacific
China
Japan
India
New Zealand
Australia
South Korea
Southeast Asia
Indonesia
Thailand
Malaysia
Singapore
Rest of Southeast Asia
Rest of Asia Pacific
o Middle East and Africa
Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of Middle East & Africa
o Latin America
Brazil
Argentina
Rest of Latin America
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