
Report ID: UCMIG35D2141
Report ID:
UCMIG35D2141 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the global telecare market reached a significant valuation of USD 4.1 billion. Over the forecast period from 2023 to 2030, this market is projected to exhibit a compound annual growth rate (CAGR) of 5.4%. Telecare, which encompasses various remote healthcare services and monitoring solutions, has gained momentum as an effective approach for delivering healthcare services remotely. Factors such as the growing geriatric population, rising prevalence of chronic diseases, and advancements in technology are driving the expansion of the telecare market. With an increasing demand for personalized and accessible healthcare, the telecare sector is anticipated to witness substantial growth in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Services by segment aggregation, the contribution of the Health Care Services in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35D2141