The Telehealth Services industry uses digital technology to deliver medical services and health education by connecting multiple users in different locations. Telehealth services include diagnosis, treatment, assessment, monitoring, communication and education. Technology serves as the backbone of this industry. Therefore, advancements in medical technology and telecommunications will drive industry performance. This industry is rapidly expanding. Advances in communication technology and medical technology, such as wearable self-monitoring devices and digitized medical scans, have propelled the industry forward. Furthermore, industry growth has been supported by a healthcare system suffering from skyrocketing costs, a looming doctor shortage and an aging population susceptible to chronic disease. Over the five years to 2023, the industry will continue to benefit from the demographic and structural factors affecting the healthcare industry, as telehealth will emerge as a cost-effective solution to meeting the medical needs of an expanding and aging population.
This industry delivers health-related services and information via telecommunications technologies. These services primarily occur between patient and physician or patient and healthcare provider and include the transmission of diagnoses, exchanging health education, monitoring medical conditions and providing health advice. Telecommunication methods include the use of electrical devices, such as phones, web cameras, videoconference systems and the internet.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.