Overview

Healthy future: Industry operators are currently experiencing a period of rapid expansion

IBISWorld’s Industry Market Report on Telehealth Services is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Advancements in medical technology and telecommunications will drive industry performance
  • Growth in the industry has been augmented by numerous clinical research studies
  • The Affordable Care Act has only just begun to impact the Telehealth Services industry

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    Industry Analysis & Industry Trends

    The Telehealth Services 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. Over the five years to 2017, 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 2022, 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...

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    Industry Report - Industry Products Chapter

    Medical devices and hardware

    Telehealth hardware is one of the most valuable segment of the Telehealth Services industry, with the sale of telehealth medical devices expected to account for 44.3% of industry revenue in 2017. This segment is mostly made up of implantable devices that can send data directly from patients to physicians. These devices include pacemakers and glucose monitors for patients with diabetes. Due to the more advanced nature of these devices, telehealth devices carry a higher price than other medical devices. Over the past five years, as telehealth has grown, medical device manufacturers have developed new devices that incorporate telemedicine, causing revenue for this segment to grow.

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    Additional Insights for the Telehealth Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Telehealth Services Industry are

  • Access to highly skilled workforce
  • Must comply with government regulations
  • Ability to vary services to suit different needs
  • IBISWorld analysts also discuss how external factors such as Private investment in computers and software and Number of adults aged 65 and older in the Telehealth Services industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Telehealth Services Industry?

    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 telephones, web cameras, videoconference systems and the internet.

    Industry Products
    Medical devices and hardware
    Telehealth software
    Virtual physician visits
    Industry Activities
    Providing communication between patients and healthcare providers
    Providing provider-to-provider communications
    Providing videoconferencing services
    Providing two-way remote patient monitoring
    Transmitting digital medical imaging information
    Transmitting digital medical data
    Providing healthcare education communications

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Private investment in computers and software
  • Number of adults aged 65 and older
  • Federal funding for Medicare and Medicaid
  • Demand from medical device manufacturing
  • Number of people with private health insurance
  • Prime rate

  • Current Performance
  • Technology advances industry
  • Research validates efficacy of telehealth
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Affordable Care Act
  • An aging population boosts revenue
  • Legislation to promote industry growth
  • Table: Telehealth Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Telehealth Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Health & Welfare Funds
  • Primary Care Doctors
  • Specialist Doctors
  • Physical Therapists
  • Home Care Providers
  • Hospitals
  • Psychiatric Hospitals
  • Nursing Care Facilities

  • Key Selling Industries
  • Data Processing & Hosting Services
  • Internet Service Providers
  • Software Publishing
  • Telecommunication Networking Equipment Manufacturing
  • Wired Telecommunications Carriers

  • Products & Services
  • Medical devices and hardware
  • Virtual physician visits
  • Telehealth software
  • Chart: Telehealth Services Industry Products and Services Segmentation

  • Demand Determinants
  • Research and development spending
  • Demographics
  • Government regulations

  • Major Markets
  • Congestive heart failure
  • Diabetes
  • Chronic obstructive pulmonary disease
  • Hypertension
  • Mental health
  • Other
  • Chart: Major Market Segmentation for the Telehealth Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Telehealth Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Telehealth Services Industry

  • Industry Globalization
    Major Companies
    Teladoc Inc.GlobalMed
  • Table: Teladoc Inc. - financial performance
  • Table: GlobalMed - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Telehealth Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Telehealth Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of adults aged 65 and older (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Diagnostic Equipment
  • Peripheral hardware or equipment, such as scopes and cameras that can gather medical data.
  • Medical Body Area Network (Mban)
  • Technology that provides a platform for the wireless networking of body transmitters used for measuring and monitoring patient health information.
  • Remote Monitoring
  • A healthcare service that uses mobile or peripheral devices, such as a glucose meter, to perform routine health tests and transmit the data to a healthcare professionals in real-time.
  • Tele-Icu
  • The use of telehealth technology and services to provide care for critically ill patients.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Telehealth Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Telehealth Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Telehealth Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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