The Global Telehealth Market to grow at a CAGR of 25.13% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the telehealth market. Telehealth is the use of technology to deliver healthcare, health information, and health education across wide geographical distances. The technologies in telehealth include videoconferencing, store, and mobile health. The report also includes a discussion of the key vendors operating in this market.
The increasing HIT programs will be one of the major trends that will impact the market growth. HIT programs enable health information management, which includes compiling, storing, analysing, and sharing of health information, across computerized systems, and between physicians, patients, and insurance companies.
According to the report, one driver influencing this market is the prevalence of chronic illnesses. Chronic illnesses are on the rise due to poor lifestyle choices including smoking, over consumption of alcohol, and chronic stress. Patients with chronic illnesses are increasingly using telehealth products and services like glucose monitors, video communications, and store-and-forward consultations to manage their health conditions.
Further, the report states that one challenge affecting this market is the lack of technical training and equipment. Technology is an important component of telehealth, broadband internet, imaging technology devices, software, and hardware is required for the telehealth platform.