The global telehealth market is expected to see rapid growth through 2022, according to an analysis by Zion Market Research.
Here are seven market trends:
1. The global telehealth market was valued at $2.51 billion in 2016.
2. It is anticipated to grow at a compound annual growth rate of 30.1 percent between 2017 and 2022.
3. The market is expected to be valued at $12.13 billion by 2022.
4. The market is driven by the increasing prevalence of chronic diseases, rising healthcare expenditures and the introduction of new technologies and services.
5. Web-based delivery is the most popular form of delivery type, and its share is expected to grow at a CAGR of 31.1 percent in the coming years.
6. North America accounted for the largest share of telehealth market in 2016, with Europe holding the second largest share.
7. The Asia-Pacific region is expected to grow at a CAGR of 35.6 percent from 2017 to 2022.