Telehealth Market Trends

Growth Indicators

The growing incidences of chronic diseases is one of the primary reasons for deaths that occur globally, as per the World Health Organization, which further states that 17.9 million people died in the year 2016 as a result of cardiovascular diseases. Moreover, the disease accounted for over three quarter of the total deaths in low and middle-income countries. The growing prevalence of cardiac deaths is anticipated to increase the demand for telehealth platforms across the globe. Telehealth platforms have been observed to improve the outcomes of patients suffering from various chronic diseases including heart diseases. These devices have been proved immensely accurate in detecting heart attacks and strokes. Moreover, telemedicine assists patients by monitoring their essential signs and actions remotely every day, managing their conditions and improving care. Additionally, huge investments are being made by different telehealth market players to improve their product portfolio by incorporating technological advances, leading to the expansion of their application range. This factor is projected to drive the growth of the market in the upcoming years.

Challenges

At times, the telehealth products and services used might not be secure. They might lead to problematic user authentication and thus create disturbances in obtaining correct data from a specific patient. There is a high risk of data leak from online sources as well as improper evaluation of data by registered users. In addition to this, the growing cyber crimes and hacks are estimated to risk the confidentiality of the patient reports along with data loss problems which are predicted to restrict the market growth. Further, shortage of clinical experts as well as professional physicians to evaluate and maintain the real time data analysis of the patient is predicted to create hindrance in the growth of the market.