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Telehealth Market to Grow by USD 368.7 Billion from 2024-2028, Driven by Rising Chronic Disease Cases, AI-Powered Market Evolution- Report by Technavio

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NEW YORK, Aug. 26, 2024 /PRNewswire-PRWeb/ — The global telehealth market  size is estimated to grow by USD 368.7 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 40.06%  during the forecast period. Increasing cases of chronic diseases is driving market growth, with a trend towards growing demand for technology. However, privacy and data security concerns  poses a challenge. Key market players include Aerotel Medical Systems Ltd., American Well Corp., Appello Careline Ltd., Cisco Systems Inc., Dictum Health Inc., Enghouse Systems Ltd., Evernorth Health Inc., General Electric Co., GlobalMedia Group LLC, Hewlett Packard Enterprise Co., Honeywell International Inc., Included Health Inc., Iris Telehealth, Koninklijke Philips N.V., Medvivo Group Ltd., Oracle Corp., Resideo Technologies Inc., Siemens AG, Teladoc Health Inc., and Tunstall Healthcare Group Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Services and Solutions), End-user (Healthcare providers, Payers, and Patients), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

Aerotel Medical Systems Ltd., American Well Corp., Appello Careline Ltd., Cisco Systems Inc., Dictum Health Inc., Enghouse Systems Ltd., Evernorth Health Inc., General Electric Co., GlobalMedia Group LLC, Hewlett Packard Enterprise Co., Honeywell International Inc., Included Health Inc., Iris Telehealth, Koninklijke Philips N.V., Medvivo Group Ltd., Oracle Corp., Resideo Technologies Inc., Siemens AG, Teladoc Health Inc., and Tunstall Healthcare Group Ltd.

Key Market Trends Fueling Growth

The telehealth market is experiencing significant growth due to advancements in healthcare technology. Healthcare professionals are utilizing these technologies to deliver remote patient care of high quality. Mobile health (mHealth) is a leading technological approach in this field, driven by the expansion of wireless communications. MHealth enables healthcare providers to monitor patients’ medical conditions and communicate easily with them. For instance, researchers at New York’s Rochester Institute of Technology are developing a sensor-embedded toilet seat for monitoring heart stroke volume, blood pressure, and peripheral blood oxygenation. This technology could reduce hospital readmission rates for patients with concurrent heart failure. Artificial intelligence (AI), machine learning, and the Internet of Things (IoT) are essential tools for healthcare providers, enhancing medical decision-making and improving efficiency. The increasing adoption and integration of these analytical tools are due to their ability to provide improved patient care in less time, offer intelligent assistance for tracking and assessing healthcare data, and expand remote patient monitoring (RPM) capabilities. Vendors are focusing on enhancing their analytical tools and integrating them with telehealth solutions to offer better healthcare services. Philips, for example, provides Sentry Score, a predictive algorithm for adult intensive care units (ICUs), which predicts patient health risks using vital sign data, offering insights for earlier intervention. These factors are expected to fuel the growth of the global telehealth market. 

Telehealth market is booming with trends like Physician Telehealth and Home Telehealth leading the charge. Telecommunications and digital technology enable Virtual consultations, Remote monitoring, Teletherapy, Telepharmacy, and Telemedicine. Healthcare providers use these solutions for Cardiovascular diseases, Diabetes, Respiratory illnesses, and Musculoskeletal conditions monitoring. Vital signs are tracked via Mobile health applications and mHealth applications. Wearable devices and Health monitoring tools feed into Electronic Health Records and Remote monitoring platforms. Hospitals, Clinics, and Service providers offer cost-effective solutions with AI functionalities like Deep learning and Machine learning for personalized patient care. Healthcare systems adopt these technologies to improve patient outcomes, especially for Cancer prevalence. AI adoption in healthcare is a game-changer, with Web-based delivery mode making services accessible to all. Healthcare professionals leverage these tools to enhance patient care and streamline operations. 

Discover a Comprehensive 360° Market Analysis: Understand the Impact of AI. For detailed information- Request Sample!

Market Challenges

Telehealth has emerged as a viable solution for delivering healthcare services beyond traditional methods. Advanced technology expands the reach of healthcare, enabling better patient care. Data collection, including patient health information and clinical records, is crucial in telehealth. Patients share this data through medical devices or mobile apps for remote monitoring. Security and confidentiality are essential in telehealth, building trust between patients and healthcare providers. Regulations like HIPAA ensure the protection of medical records shared with third parties. However, unauthorized access, data theft, breaches, and hacking pose threats to telehealth, potentially hindering its growth. Adhering to regulatory guidelines and implementing robust security measures are necessary to mitigate these risks and foster market expansion.Telehealth market is growing rapidly, offering healthcare services through web-based delivery mode. Hospitals and clinics are adopting telehealth for cost-effective solutions, especially for chronic diseases management and real-time patient monitoring. Deep learning and machine learning AI functionalities enable personalization and improve patient outcomes. Service providers offer online consultation, teleradiology, and telepsychiatry in the radiology and psychiatry segments. The provider, payers, and geriatric population segments are key markets. Hardware and software integrated systems facilitate group and individual purchase of telehealth services. Challenges include AI adoption, digital health integration, and regulatory compliance. Radiology, cardiology, behavioral health, pathology, neurology, dermatology, surgery, gynecology, orthopedics, ophthalmology, and hospital telehealth segments are expanding. Cost savings, improved access, and better patient care drive the market growth.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This telehealth market report extensively covers market segmentation by

Product 1.1 Services1.2 SolutionsEnd-user 2.1 Healthcare providers2.2 Payers2.3 PatientsGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Services-  Telehealth market refers to the use of digital information and communication technologies to provide and receive healthcare services remotely. This includes virtual consultations, remote monitoring, and telepharmacy. The market has grown significantly due to the convenience it offers to patients and the ability to reduce healthcare costs. Telehealth solutions enable remote diagnosis and treatment, improving access to healthcare services, especially in rural areas. Companies like Teladoc, American Well, and MDLive are leading players in this market. Telehealth adoption is increasing as more insurers cover these services, making it an attractive business opportunity.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Telehealth market is revolutionizing healthcare services by offering cost-effective solutions through advanced technologies such as deep learning and machine learning. AI functionalities enable personalized care, making it an ideal choice for hospitals, clinics, radiology, cardiology, behavioral health, and various specialties. Telehealth encompasses online consultation, patient monitoring, and real-time communication, allowing remote healthcare solutions for chronic diseases management. Hardware and telecommunication or software-based systems are integral to this industry, with integrated systems offering cloud-based delivery mode and on-premise options. Group purchase and individual purchase models cater to diverse clientele needs, making telehealth an essential component of modern healthcare, transforming general consultation and specialist services alike.

Market Research Overview

The Telehealth market encompasses a range of healthcare services delivered via digital technology, including radiology, psychiatry, cardiology, behavioral health, and more. It offers cost-effective solutions for hospitals, clinics, and service providers, enabling real-time and store-and-forward consultations. Deep learning and machine learning AI functionalities enable personalization and improved patient outcomes, particularly for chronic diseases such as cancer, cardiovascular diseases, diabetes, and respiratory illnesses. The market includes hardware, software, and integrated systems for online consultation, patient monitoring, and remote patient monitoring. Telehealth caters to various segments, including providers, payers, and the geriatric population, and encompasses digital health, mHealth applications, and telecommunications. It includes teleradiology, teletherapy, telepharmacy, and telemedicine services for general consultation, pathology, neurology, dermatology, surgery, gynecology, orthopedics, ophthalmology, and more. The market is driven by the adoption of digital technology, virtual consultations, and remote monitoring, with a focus on improving patient care and reducing healthcare costs.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductServicesSolutionsEnd-userHealthcare ProvidersPayersPatientsGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Luminys Launches Advanced Suite of Smart Security Products: Pioneering End-to-End Security Solutions

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Introducing AI Network Cameras, LumiCenter, and LumiCloud for a Safer, Smarter, and Fully Integrated Security Ecosystem 

IRVINE, Calif., Nov. 13, 2024 /PRNewswire/ — Luminys Systems Corp (Luminys), a leading provider of smart, sustainable, and connected technology solutions, today announced the launch of its latest suite of security technology products designed for the North American market. The release is scheduled for a public unveiling during the “Luminys Phase 2 Product Launch” webinar on Nov. 15, showcasing an innovative product lineup that meets the modern demands for scalable, intelligent, and compliant security.

The new suite includes an array of network cameras, Network Video Recorders (NVRs), and the LumiCloud platform, a cloud-based Video Surveillance as a Service (VSaaS) solution. These offerings provide businesses with end-to-end security capabilities tailored for smart building and retail applications, reinforcing Luminys’ industry-leading technology and longstanding as a pioneer in the security technology space. The product lineup integrates seamlessly with third-party applications and is compatible with existing Luminys technologies, enabling centralized control through the LumiCloud platform.

Freddy Kuo, chairman of Luminys, commented on the launch: “Our new product suite is designed to empower security professionals with tools for diverse applications to stay ahead in today’s rapidly evolving landscape. By aligning with stringent FCC and NDAA compliance standards and focusing on proactive innovation, Luminys is setting a new standard for comprehensive security solutions in North America.”

Key Product Highlights 

LumiCloud VSaaS Platform: Delivers real-time access, advanced analytics, and scalable cloud storage, enabling centralized management of security systems with customizable alerts and remote monitoring through smartphones and web browsers.LumiCenter Video Management Software (VMS): Seamlessly integrates surveillance cameras and AI-powered analytics, providing real-time object tracking, adaptive bandwidth management, and a fully interactive 3D mapping interface.LumiDeterrent Cameras: Featuring advanced LumiDeterrent technology, these cameras use AI-driven red and blue flashing lights, sound alarms, and full-color video capabilities for enhanced deterrence and 24/7 surveillance, even in low-light conditions.R5 LumiSearch NVR Series: Equipped with AI-driven search functionality, the R5 Series enables rapid identification and tracking across multiple camera feeds and supports long-distance Power over Ethernet (PoE) through Luminys’s proprietary LumiPower technology.

Innovative Technology for Comprehensive Security

This lineup is powered by Luminys’s proprietary technologies, including:

LumiAnalytics for people counting, behavior analysis, and predictive insights.LumiTracking for automatic tracking of people and vehicles, enabling swift responses to potential security issues.LumiLuxSmart for adaptive lighting control, capturing full-color video when motion is detected and switching to infrared in low-activity environments.

Webinar & Availability

This product launch will be live-streamed on Nov. 15 at 10 a.m. PT. Attendees will gain exclusive insights and demonstrations, including the LumiLuxSmart, LumiDeterrent, and LumiColor camera series. To register, please visit here.

Luminys products will be available through certified dealers beginning Nov. 25, 2024, with pricing details and order information accessible via the Luminys MVP portal.

For more information on Luminys’ latest advancements, please visit Luminys Systems Corp.

About Luminys  
Founded in 1984, Luminys Systems Corp. leads the way in helping businesses build smart, sustainable, and secure ecosystems with integrity. Connected solutions and services offer safety, insight, intelligence, and operational efficiency.  

With a focus on ingenuity and exceptional customer support, Luminys delivers future-ready products that adapt to the evolving needs of various industries. As a U.S.-based subsidiary of Foxlink, a global leader in electronics manufacturing, Luminys is trusted by customers and partners worldwide to deliver advanced technology solutions and services shaping a sustainable, smarter future. Learn more at: www.luminyscorp.com.

Media Contact:  
Touchdown PR
386264@email4pr.com

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SOURCE Luminys Systems Corp

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Captello Announces New Partnership with CredsNow to Enhance Lead Capture and Event Engagement Solutions

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Captello has partnered with CredsNow to expand its EventGen platform, integrating on-demand badge design and printing for seamless event management. This collaboration allows organizers to create professional badges before or during events, simplifying branding and lead capture. The partnership aims to improve event efficiency and attendee engagement, enabling organizers to focus more on delivering impactful experiences.

DALLAS, Nov. 13, 2024 /PRNewswire-PRWeb/ — Captello, a leading provider of lead capture and engagement solutions, is thrilled to announce a strategic partnership with CredsNow, a premier cloud design and printing platform specializing in on-demand creation of cards, badges, and passes for events. This collaboration enhances Captello’s existing event management and registration platform, EventGen, integrating seamlessly with CredsNow’s advanced design and printing capabilities to offer a comprehensive solution for event organizers.

“For event organizers, this partnership means less time worrying about logistical complexities and more focus on delivering impactful attendee experiences.” — Candice M. Bakke, Sr. Director of Strategic Global Partnerships at Captello

Through this partnership, CredsNow will integrate its robust card and badge design tools with
EventGen, allowing event organizers to create and print professional-quality badges either
pre-event, via CredsNow service bureau and/or onsite, via CredsNow onsite software. This collaboration not only streamlines the process of badge creation but also enhances the overall event experience by ensuring efficient and secure lead capture, coupled with Captello’s suite of engagement and gamification tools.

“For event organizers, this partnership means less time worrying about logistical complexities and more focus on delivering impactful attendee experiences,” said Candice M. Bakke, Sr. Director of Strategic Global Partnerships at Captello. “By combining our technologies, we empower organizers to seamlessly integrate event registration, engagement, and professional badging.”

CredsNow’s platform offers an intuitive online designer and a straightforward pricing model without minimum order requirements or hidden fees. This ensures that event professionals can design, order, and receive fully branded cards and badges quickly—with next-day shipping options available. They can also use CredsNow’s online platform to activate onsite badge printers and produce the same high quality credentials onsite during an event.

“Captello’s EventGen platform complements our flexible design tools perfectly, offering our clients a turnkey solution for event branding and attendee management,” said Ivan Lazarev, CEO of CredsNow. “This partnership aligns with our mission to provide security and quality in event badging, enhancing the organizer’s ability to maintain control over their branding while leveraging our efficient production capabilities.”

Ryan Schefke, CEO of Captello, also expressed enthusiasm about the partnership’s potential. “Joining forces with CredsNow enables us to broaden our horizons in event technology,” he said. “This is more than a partnership; it’s a pathway to transforming how events manage their engagement and lead capture.”

This strategic alliance is set to redefine customer engagement at events, streamlining the lead capture and branding processes, and setting a new standard in the industry for convenience and efficiency.

About Captello
Captello provides advanced lead capture and engagement solutions, empowering organizations to enhance interactions at events, trade shows, and online. Captello’s tools focus on seamless integration and actionable analytics, helping companies turn event leads into lasting business relationships.

About CredsNow
CredsNow is a cloud-based design and printing platform that enables organizations to create customized cards, badges, and passes on demand. With an intuitive online designer, straightforward pricing, and fast, reliable delivery, CredsNow offers flexible, high-quality branding solutions tailored to businesses of all sizes.

Media Contact

Brad Froese, Captello, 888-399.6430, info@captello.com, www.captello.com

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SOURCE Captello; Captello

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Winbond’s LPDDR4/4X: A Green Solution for the Automotive Industry

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TAICHUNG, Taiwan, Nov. 13, 2024 /PRNewswire/ — Winbond Electronics Corporation, a leading global supplier of semiconductor memory solutions, today announces the enhanced LPDDR4/4X DRAM products, specifically designed for the latest generation of automotive applications. These solutions offer significant advancements in power efficiency, performance, and carbon reduction.

The LPDDR4/4X DRAM is the fourth generation of low-power memory solutions, providing power savings without compromising performance. Tailored to meet the rigorous demands of the automotive and industrial sectors, these memory products offer a unique combination of double data rate technology, low power consumption, and design flexibility.

As the automotive industry transitions toward electric and hybrid vehicles, energy efficiency becomes paramount. Winbond’s LPDDR4/4X DRAM solutions contribute to this shift by significantly reducing power consumption, extending battery life, and lower heat generation. Additionally, the technology’s high bandwidth and low latency enable rapid data transfer, supporting the real-time processing needs of modern automotive systems, including advanced driver-assistance systems (ADAS), in-vehicle infotainment, and factory automation systems.

Carbon Reduction Through Innovative Packaging

A key highlight of Winbond’s LPDDR4/4X DRAM is the introduction of the compact 100BGA package, which is 50% smaller than the traditional 200BGA. The reduction in package size directly translates to a 50% decrease in packaging-related carbon emissions, aligning with the industry’s broader sustainability goals.

The 100BGA package is fully backward-compatible with the existing 200BGA Single Die Package (SDP), simplifying the transition for automotive manufacturers. By adjusting the PCBA layout, customers can seamlessly adopt this advanced memory solution without extensive rework, reducing resource consumption.

Enhanced Reliability and Supply Stability

Winbond ensures a stable supply chain for its LPDDR4/4X DRAM products, guaranteeing the long-term support to meet the demands of extended product life cycles in the automotive and industrial industries. Winbond’s commitment to quality and supply chain stability also caters to the needs of consumer markets, particularly in applications such as artificial intelligence (AI), virtual reality (VR), and wearables.

Key Benefits for Automotive Applications:

–  Power Efficiency: LPDDR4/4X DRAM technology lowers power consumption, extending the battery life of electric vehicles (EVs) and reducing heat generation.
–  High Performance: With high bandwidth and low latency, LPDDR4/4X DRAM supports the fast data transfer required for real-time processing in automotive systems.
–  Environmental Sustainability: The 50% reduction in package size from 200BGA to 100BGA leads to a proportional decrease in packaging-related carbon emissions.
–  Design Flexibility: The 100BGA package is backward-compatible with 200BGA, enabling smooth integration and shorter design cycles for automotive manufacturers.
–  Guaranteed Supply: Winbond provides a stable and reliable supply chain, critical for automotive and industrial applications that are characterized by long product life cycles.
–  Internal ECC Circuitry: LPDDR4/4X DRAM is equipped with built-in ECC circuitry to improve single-bit error correction and support superior quality, thereby reducing standby and refresh power consumption while enhancing memory reliability.

“We are excited to offer LPDDR4/4X DRAM solutions that meet the special needs of the automotive sector. By combining power efficiency with superior performance, Winbond’s LPDDR4/4X DRAM products enable electric and hybrid vehicles to meet stringent market demands. At the same time, our innovations in packaging contribute to the industry’s carbon reduction goals, further supporting a sustainable future,” says Winbond.

About Winbond
Winbond Electronics Corporation is a leading global supplier of semiconductor memory solutions. The Company provides customer-driven memory solutions backed by the expert capabilities of product design, R&D, manufacturing, and sales services. Winbond’s product portfolio, consisting of Specialty DRAM, Mobile DRAM, Code Storage Flash, and TrustME® Secure Flash, is widely used by tier-1 customers in communication, consumer electronics, automotive and industrial, and computer peripheral markets. Winbond is headquartered in Central Taiwan Science Park (CTSP), and it has subsidiaries in the USA, Japan, Israel, China, Hong Kong, and Germany. Based on Taichung and Kaohsiung 12-inch fabs in Taiwan, Winbond keeps pace to develop in-house technologies to provide high-quality memory IC products.

Winbond is a registered trademark of Winbond Electronics Corporation. All other trademarks and copyrights mentioned herein are the property of their respective owners.

Spokesperson
Chih-Chung Chou
Chief Financial Officer
TEL: +886-3-567-8168/+886-987-365-682

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SOURCE Winbond Electronics Corporation

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