In a recent published report, Kenneth Research has updated the North America Telehealth Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for North America Telehealth Market products.
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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
North America telehealth market is expected to grow by 20.0% annually in the forecast period and reach $70.56 billion by 2030 driven by shortage of physicians, advancements in telecommunications, and need to expand healthcare access and improve healthcare quality amid COVID-19 pandemic and staying-at-home orders.
Highlighted with 25 tables and 50 figures, this 112-page report “North America Telehealth Market 2020-2030 by Component, Modality, Deployment Mode, Application, End User, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America telehealth market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2015-2019 and provides forecast from 2020 till 2030 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America telehealth market in every aspect of the classification from perspectives of Component, Modality, Deployment Mode, Application, End User, and Country.
Based on Component, the North America market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Hardware
• Software
• Service
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Based on Modality, the North America market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Real-time Interactive Healthcare
• Remote Patient Monitoring/Evaluation
• Store and Forward Healthcare
• Videotelephony
Based on Deployment Mode, the North America market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Web/APP-based Telehealth
• Cloud-based Telehealth
• On-premise Telehealth
Based on Application, the North America market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Teleradiology
• Teledermatology
• Telecardiology
• Telepsychiatry
• Telestroke
• Tele-ICU
• Teleconsultation
• Other Applications
Based on End User, the North America market is segmented into the following sub-markets with annual revenue for 2019-2030 included in each section.
• Healthcare Providers
• Individuals and Patients
• Healthcare Payers
• Other End Users
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue are available for 2019-2030. The breakdown of key national markets by Modality, Application, and End User over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in North America telehealth market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
Aerotel Medical Systems
AMD North America Telemedicine
American Well Corporation
Biotelemetry Inc.
Doctor On Demand Inc.
GE Healthcare
North AmericaMedia Group
InTouch Technologies
Koninklijke Philips NV
MDLIVE Inc.
Medtronic Inc.
Resideo Life Care Solutions
Teladoc Health Inc.
Telespecialists
Vivify Health
Zipnosis
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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