Global Telehealth Market size will expand at a recognizable growth rate over 2023-2032.
The increasing demand for remote healthcare services, especially in rural and underserved areas, is among the leading factors driving market growth. People living in rural and remote areas often have limited access to healthcare services due to geographical barriers and shortage of healthcare providers. This has prompted governments and health authorities worldwide to undertake necessary initiatives to improve the quality of health services across these regions.
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To that end, in March 2023, the Ministry of Health and Prevention (MoHaP), UAE, issued legislation mandating all medical facilities to provide at least one remote health service. The new law is expected to come into effect by the end of 2023 and is part of the extensive healthcare regulatory framework that the ministry is working on to regulate all remote health services. Advancements in technology, such as high-speed internet connectivity and mobile devices, have made telehealth more accessible and convenient. The trend further accelerated during the COVID-19 pandemic when telehealth emerged as a safe and effective alternative to in-person visits, further accelerating business growth.
The overall telehealth market is segregated based on component, mode of delivery, specialty, application, end-user, and region.
Regarding the component, the telehealth services industry will expand commendably over 2023-2032. Telehealth provides convenient access to healthcare, eliminating the need for patients to travel long distances or wait in crowded waiting rooms. This accessibility is particularly beneficial for individuals in remote or underserved areas. Secondly, telehealth offers flexibility in scheduling appointments, enabling patients to receive timely care without disrupting their daily routines. Moreover, the growing adoption of digital technologies and increased internet connectivity further contribute to the rising demand for telehealth services.
Based on the mode of delivery, the on-premise telehealth market share will witness appreciable growth throughout 2023-2032. Organizations and healthcare providers are seeking greater control over their telehealth infrastructure, data security, and compliance requirements. On-premise solutions provide a higher level of customization, integration with existing systems, and data privacy, making them a preferred choice for several healthcare organizations. Additionally, on-premise telehealth solutions offer greater reliability and reduced dependency on external service providers, ensuring seamless and uninterrupted delivery of healthcare services.
With respect to the specialty, the orthopedic segment will accumulate a modest share of the telehealth industry revenue by 2032. Telehealth allows orthopedic patients to have virtual consultations, follow-up visits, and post-operative care, reducing the need for in-person visits. It enables timely access to orthopedic specialists, especially for patients in remote areas. Telehealth also facilitates remote monitoring of orthopedic conditions and offers rehabilitation and physical therapy guidance, enhancing patient convenience and improving outcomes.
Europe telehealth market value will grow at a notable CAGR between 2023 and 2032. Europe has a large population, including remote and underserved areas, where telehealth can improve healthcare accessibility. Europe's aging population and the need for chronic disease management make telehealth an efficient solution. The COVID-19 pandemic has also accelerated the adoption of telehealth as it enables safe and convenient healthcare delivery while reducing the burden on traditional healthcare systems. Moreover, European countries have been investing in digital infrastructure and telecommunication technologies, further driving the demand for telehealth services.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimates and calculations
1.3 Forecast calculations
1.4 COVID-19 impact analysis at regional level
1.5 Data sources
1.6 Data validation
1.6.1 Primary
1.6.2 Secondary
1.6.2.1 Paid sources
1.6.2.2 Unpaid sources
Chapter 2 Executive Summary
2.1 Telehealth industry 3600 synopsis, 2018 – 2032 (USD Million)
2.1.1 Business trends
2.1.2 Component trends
2.1.3 Mode of delivery trends
2.1.4 Specialty trends
2.1.5 Application trends
2.1.6 End-use trends
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