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Global Telehealth Market 2020-2024 | Evolving Opportunities with American Well Corp. and Cisco Systems Inc. | Technavio
[March 16, 2020]

Global Telehealth Market 2020-2024 | Evolving Opportunities with American Well Corp. and Cisco Systems Inc. | Technavio


The global telehealth market is poised to grow by USD 95.72 billion during 2020-2024, progressing at a CAGR of over 25% during the forecast period. Request free sample pages

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200316005569/en/

Technavio has announced its latest market research report titled Global Telehealth Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Telehealth Market 2020-2024 (Graphic: Business Wire)

Read the 120-page report with TOC on "Telehealth Market Analysis Report by Product (Services and Solutions), Geography (North America, Europe, Asia, and ROW), and the Segment Forecasts, 2020-2024".

https://www.technavio.com/report/telehealth-market-industry-analysis

The market is driven by the increasing demand for remote patient monitoring. In addition, the growing number of M&As is anticipated to boost the growth of the telehealth market.

The rising need for better access to healthcare, increasing patient engagement, improving the quality of patient care, and enhancing patient satisfaction are factors leading to the increasing adoption of remote patient monitoring (RPM) across the world. This is increasing the use of connected health tools such as mobile applications and wearable devices to offer quality and value-based services to patients. Vendors are also increasing their focus on improving their telehealth services to enable the adoption of RPM. For instance, in October 2017, Medtronic collaborated with American Well to offer a complete telehealth solution to provide care to patients with chronic and co-morbid disease conditions. Hence, the rising demand for RPM is expected to fuel the growth of the global telehealth market during the forecast period.

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Major Five Telehealth Market Companies:

American Well Corp.


American Well Corp. operates its business through segments such as Telehealth Solutions and Telemedicine Equipment. The company offers telehealth solutions for multiple applications, including urgent care, pediatrics, telestroke, population health management, telepsychiatry, and chronic disease management.

Cisco Systems (News - Alert) Inc.

Cisco Systems Inc. operates its business through segments such as Infrastructure Platforms, Services, Applications, Security, and Other Products. The company offers telehealth and collaboration solutions to enable clinicians to communicate with patients and other clinicians, increase patient engagement, and simplify communications management.

Doctor On Demand Inc.

Doctor On Demand Inc. operates its business through segments such as Employers and Health Plans. The company offers fully integrated telehealth solutions that allow health plans and employers to deliver primary care coverage virtually.

Enghouse (News - Alert) Systems Ltd.

Enghouse Systems Ltd. operates its business through segments such as Interactive Management Group and Asset Management Group. VidyoCloud is the key offering of the company. It is designed to provide at-home care, ambulatory care, urgent/emergent care, acute care, and post-acute care.

General Electric Co.

General Electric Co. operates its business through segments such as Power, Renewable energy, Oil and gas, Aviation, Healthcare, Transportation, and Lighting. Telehealth services, Patient monitors, CARESCAPE Enterprise Access, and Virtual rounds are the key offerings of the company.

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Telehealth Market Product Outlook (Revenue, USD Billion, 2020-2024)

  • Services
  • Solutions

Telehealth Market Regional Outlook (Revenue, USD Billion, 2020-2024)

  • North America
  • Europe
  • Asia
  • ROW

Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Related Reports on Healthcare Include:

Global Digital Health Market - Global digital health market by application (wireless health, mobile health, EHR, telehealth) and geography (APAC, Europe, MEA, North America, and South America).

Global Healthcare Information Software Market - Global healthcare information software technology market by geography (APAC, Europe, MEA, North America, and South America), deployment (on-premises and cloud-based), and application (HIS and PIS).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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