Telecare is the term that offers remote care of elderly and physically less able people, that provide care and reassurance needed to allow them to remain living in their own homes. However, most telecare mitigates harm by reacting to untoward events and raising a help response quickly. Telecare is categorically different from telemedicine and telehealth. Telecare refers to the idea of enabling people to remain independent in their homes by giving person-centered technologies to support the individual or their careers.
MARKET DYNAMICS
The tele-care market is driving due to the increase in the geriatric population. However, the steep cost of telecare devices and supplier vulnerability with respect to the rate of return impacts telecare device appropriation are considered to hamper market share of tele-care market in developing region. Moreover, technological advancement, rising incidences of chronic diseases, cost effective service delivery, and government initiatives are some of the major factors contributing the growth of the global tele-care market.
MARKET SCOPE
The "Tele-Care Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of tele-care market with detailed market segmentation by product type, service type and end user. The tele-care market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in tele-care market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The tele-care market is segmented on the basis of product type, service type and end user. Based on product type, the market is segmented as digital diagnostic and monitoring devices, home safety sensors, telecare software, and others. On the basis of service type, the market is categorized as tele-education, tele-consulting, tele-monitoring, tele-education, tele-surgery, and tele-care services. On the basis of end user, the market is categorized as hospital, clinics, home healthcare settings and skilled nursing facilities.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the tele-care market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The tele-care market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting tele-care market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the tele-care market in these regions.
MARKET PLAYERS
The report covers key developments in the tele-care market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from tele-care market are anticipated to have lucrative growth opportunities in the future with the rising demand for tele-care in the global market. Below mentioned is the list of few companies engaged in the tele-care market.
The report also includes the profiles of key players in tele-care market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Abbott Laboratories
- AMD Global Telemedicine, Inc.
- Apple Inc.
- Bayer HealthCare AG
- Boehringer Ingelheim GmbH
- Bosch Healthcare Solutions
- Dexcom, Inc.
- GE Healthcare
- GlobalMed
- Welbeing