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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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Supreme Court Justice Michelle O’Bonsawin Joins Elementary Students for Live Virtual Q&A and Chapter One Storybook Reading on Sep. 24

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The Honourable Justice Michelle O’Bonsawin, the first Indigenous person appointed to the Supreme Court of Canada, will join elementary students in a live virtual Q&A on September 24, from 1:00-2:15 pm ET, following a reading of the children’s storybook, “Daanis the Judge.” This event is hosted by Chapter One, a children’s literacy charity, to commemorate the National Day for Truth and Reconciliation. Lawyer Victoria Perrie, writer of “Daanis the Judge,” will read aloud the inspiring story, which is based on Justice O’Bonsawin’s remarkable journey. Illustrator EJ Miller-Larson will join Justice O’Bonsawin and Perrie in a moderated Q&A session with over 1900 elementary students.

TORONTO, Sept. 21, 2024 /PRNewswire-PRWeb/ — The Honourable Justice Michelle O’Bonsawin, the first Indigenous person to be appointed to the Supreme Court of Canada, will join elementary students in a live virtual Q&A following a live online reading of the original children’s storybook “Daanis the Judge,” on September 24, from 1:00-2:15 pm ET. The event will be hosted by Chapter One to mark the National Day for Truth and Reconciliation. Chapter One is a children’s literacy charity that provides 1:1 high-impact reading tutoring and co-creates original storybooks with participating communities nationwide.

“I am very humbled and proud to be a part of the book, “Daanis the Judge.” My hope is that this book will inspire youth to dream big and know that anything is possible. I am evidence of that!” – Justice Michelle O’Bonsawin

Métis-Cree lawyer Victoria Perrie, who wrote “Daanis the Judge,” will lead the live reading. Students will ask questions during a moderated Q&A with Justice O’Bonsawin, Perrie, and illustrator EJ Miller-Larson, of the Fond du Lac Band and Oneida Nation.

“Daanis the Judge” was inspired by Justice O’Bonsawin’s trailblazing career. It tells the story of a young student, Daanis, who dreams of becoming a judge after learning about Justice O’Bonsawin’s achievements.

The story is part of Chapter One’s growing collection of original children’s e-storybooks, co-created with Indigenous writers, illustrators and communities. The e-storybooks celebrate Indigenous experiences and perspectives, and feature audio clips of Elders pronouncing foundational words in their communities’ first languages. All e-storybooks are provided for free through the Global Free Library.

About Chapter One

Chapter One (chapterone.org/ca) is a global nonprofit and registered Canadian charity that provides one-on-one early literacy tutoring programs to 2,300 children in eight provinces and territories across Canada. Its proven “short burst” high-impact tutoring approach—five-minute sessions, three to five times a week—is ideally suited to young children’s attention spans and aligns with the Science of Reading. In one of the largest randomized control trials conducted on early literacy instruction, researchers from Stanford University found that 7 out of 10 students receiving Chapter One high impact tutoring achieved phonics benchmarks by the end of Kindergarten, compared to 32% in the control group.

Children at risk of reading failure receive 1:1 reading support from trained, paid paraprofessional tutors through Chapter One’s online reading platform and custom software. Programs are delivered in-person and virtually in classrooms through agreements with schools and school boards, and at home on families’ smartphones, connecting struggling readers with individualized reading support—regardless of location and circumstance, even in some of the most geographically remote communities in Canada.

In addition to its tutoring programs, Chapter One collaborates with Indigenous communities to co-create children’s stories that represent the communities’ priorities and experiences and advance language revitalization efforts. The e-storybooks are provided for free online, as part of the Global Free Library.

Event details

The Live Virtual Q&A and Reading of “Daanis the Judge” with the Honourable Justice O’Bonsawin takes place on Tuesday, September 24, from 1:00-2:15 pm ET via Zoom. The event is open to elementary classes (Grades 1-6). Teachers/principals must register their classes in advance using this link.

Media Contact

Denise Orosa, Chapter One Canada, 1 4374224825, denise.orosa@chapterone.org, chapterone.org/ca

View original content to download multimedia:https://www.prweb.com/releases/supreme-court-justice-michelle-obonsawin-joins-elementary-students-for-live-virtual-qa-and-chapter-one-storybook-reading-on-sep-24-302254639.html

SOURCE Chapter One Canada

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PEAC Institute Launches “24 Hour Pause for Peace: A Global Concert”

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24 Hour Pause for Peace Will Be the Largest Peace Initiative Ever Worldwide, Unifying 96 Countries on Six Continents Through Music

MONTCLAIR, N.J., Sept. 21, 2024 /PRNewswire-PRWeb/ — On this International Day of Peace, PEAC Institute, part of the 2017 Nobel Peace Prize winning team, has launched “24 Hour Pause for Peace: A Global Concert,” the largest peace initiative ever organized worldwide through music.

“Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.”

On October 4, 2025, this ground-breaking program will activate a massive network of youth ensembles that spans 96 countries and territories across six continents and host two 24-hour commercial festivals featuring some of the biggest acts in music and entertainment. This extraordinary day-long event will be live-streamed globally, allowing millions to participate simultaneously.

“It has been 40 years since Live Aid and We Are the World historically unified and changed the world through music,” said Rebecca Irby, president and CEO of PEAC Institute. “With our planet riddled with post-pandemic fatigue, climate chaos, unsettling wars and more, we believe it is time to create a new trajectory for humanity by inviting everyone around the globe to a 24 hour pause for peace to enjoy the sounds of music and feel the transformative power of human connection,” Irby explained.

Additionally, 24 Hour Pause for Peace plans to amass more than 100 million ambassadors to sign an appeal to the United Nations calling for a 24 hour ceasefire during the children’s concerts and commercial music events. All countries are welcome to participate with no exceptions. One of Pause for Peace’s core beliefs is everyone has the right to be equally respected and heard, particularly in collectively calling for peace.

“Achieving this ambitious global endeavor requires the support and participation from the most impactful brands, organizations, and influential leaders, artists and celebrities,” said Jennifer McKenna, 24 Hour Pause for Peace CEO.

Pause for Peace is a $165 million global initiative. Currently, it is in its first phase of raising seed capital through consumer brand-aligned sponsorships and private donors. Funding for the program is tax-deductible through PEAC’s 501(c)(3) status.

“We have assembled an exceptional executive team of change agents in entertainment, production, consumer marketing, charitable development and global security to make this extraordinary, worldwide peace event happen.” McKenna added. “Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.” To become involved in 24 Hour Pause for Peace: A Global Concert as a sponsor, partner or donor, sign up to be an Ambassador, or for more information, go to www.24hourpauseforpeace.org.

About PEAC Institute

PEAC Institute is a 501(c)(3) nonprofit organization based in the United States. PEAC stands for peace, education, art and communication. It was formed in 2016 through a campaign with partner organization, International Campaign to Abolish Nuclear Weapons (ICAN), which garnered a 2017 Nobel Peace Prize. PEAC now holds special consultative status with the Economic and Social Council of the United Nations and has a global presence working with countries and territories worldwide to reach the most marginalized youth through art and communication activities to help them explore and express. For more information on PEAC Institute, go to www.peacinstitute.org.

Media Contact

Chadwick Boyd, Pause for Peace, 1 4046060611, chadwick@24hourpauseforpeace.org, www.24hourpauseforpeace.org

View original content to download multimedia:https://www.prweb.com/releases/peac-institute-launches-24-hour-pause-for-peace-a-global-concert-302254527.html

SOURCE Pause for Peace

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Global Times: China opens 12 nuclear research facilities to global scientists

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The involved facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

VIENNA, Sept. 21, 2024 /PRNewswire/ — China will open 12 nuclear research facilities and testing platforms to international scientists and institutions to enhance global cooperation, a senior Chinese official said here on Monday.

These include the China Advanced Research Reactor, the new-generation tokamak device Huanliu-3, and the Beishan Underground Research Laboratory, Liu Jing, vice chairman of the China Atomic Energy Authority (CAEA), said at a meeting on the sidelines of the International Atomic Energy Agency’s (IAEA) annual general conference.

The facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

Monday’s meeting, themed “Share for Development,” was organized by the CAEA to promote international cooperation in nuclear technology research and development, as China marks the 40th anniversary of its accession to the IAEA.

Yu Jianfeng, chairman of China National Nuclear Corporation, said at the event that the company aims to deepen cooperation with the IAEA and expand international collaboration. He expressed hope that opening China’s nuclear research facilities will contribute to advancing nuclear technology globally.

IAEA’s Deputy Director General Mikhail Chudakov commended China’s remarkable achievements in nuclear energy development and highlighted the long-standing, fruitful relationship between the IAEA and the CAEA.

Welcoming China’s decision to open up more of its nuclear research and development facilities, Chudakov said the move will further strengthen the agency’s technical capacity to support its member states.

On Monday evening, the CAEA and China’s permanent mission to the United Nations (UN) and other international organizations in Vienna jointly held a reception at the UN headquarters in Vienna to celebrate the 40th anniversary of China’s accession to the IAEA. More than 200 participants, including IAEA representatives and foreign envoys to Vienna, attended the event.

Li Song, China’s permanent representative to the UN and other international organizations in Vienna, said at the reception that China and the IAEA have expanded practical cooperation and jointly promoted the development of nuclear energy over the past 40 years.

China, he said, will continue to strengthen collaboration with the IAEA and its member states to address emerging challenges in international security, safeguard the global non-proliferation regime, and promote the use of nuclear energy and technology for the benefit of the Global South.

At the reception, Liu, Li and IAEA Director General Rafael Grossi jointly unveiled a bronze statue of Qian Sanqiang, a renowned Chinese nuclear physicist and one of the founders of China’s nuclear industry.

The statue, donated by China, will be permanently displayed at the IAEA headquarters, alongside sculptures of Polish-French physicist Marie Curie and other prominent figures who have made significant contributions to the peaceful use of nuclear energy.

Contact: xutianshu@globaltimes.com.cn

View original content:https://www.prnewswire.com/news-releases/global-times-china-opens-12-nuclear-research-facilities-to-global-scientists-302254830.html

SOURCE Global Times

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