Here are five things to know about the market.
1. The global telehealth market was valued at $2.2 billion in 2015.
2. The market is expected to grow at a compound annual growth rate of 24.2 percent, which means the market is projected to be worth $6.5 billion by 2020.
3. Major factors driving growth in the market include the aging population, physician shortage, rising healthcare costs, improvement in telecommunication infrastructure and increasing awareness.
4. This year, North America is expected to have the largest market share, followed by Europe and Asia-Pacific. The Asia-Pacific market is the fastest growing segment.
5. Key players in the telehealth market include:
• Cerner
• Cisco Systems
• GE Healthcare
• Honeywell Life Care Solutions
• McKesson
• Medvivo Group
• Philips Healthcare
• Robert Bosch Healthcare
• Siemens Healthcare
• Tunstall Healthcare
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8 recent vendor contracts, go-lives
A hybrid cloud model for healthcare information management
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