According to the report, the global Telehealth for Women’s Reproductive and Sexual Health market was valued at approximately USD 54 million in 2018 and is expected to reach a value of around USD 158 million by 2025, at a CAGR of around 16.6% between 2019 and 2025.
According to Health Resources and Services Administration, telehealth is the utilization of electronic information & telecommunications techniques that aids long-distance medical healthcare, public health, patients, professional health-related education, and healthcare administration. Moreover, telehealth is regarded as a cost-efficient procedure of delivering patient care and expanding access. Furthermore, one of the key advantages of telehealth is that it assists firms in enhancing their patient care facility along with paying apt attention to the acute requirements of the patient. Moreover, telehealth helps the patients interact with the doctors, thereby helping the former in getting the right care, at the right location, and at the right time.
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Growing significance of integrated facility management for acquiring economies of scale to drive the market growth
The integration of facility management activities to gain economies of scale will proliferate the expansion of telehealth for women’s reproductive and sexual health industry over the forecast period. Moreover, the escalating costs of medical care and loopholes in the healthcare cost coverage are generating huge pressure on healthcare service providers to coin new plans that will help in the reduction of medical costs along with enhancing healthcare quality for the patients. Apparently, medical professionals are of the view that telehealth is the best solution for cost-efficient patient care owing to the emergence of IT and enlarged broadband connection. All these aspects will further steer the market growth over the forecast timeline.
Furthermore, telehealth not only assist the patients in reducing hospitals or emergency division visits, but it also helps in preventing illness severity along with curbing the patient care costs. However, lack of uniform compensation guidelines for telehealth solutions will inhibit the expansion of the telehealth for women’s reproductive and sexual health market over the period from 2019 to 2025. Nonetheless, growing inclination towards the telehealth services by the new mothers will create lucrative growth avenues for the market during the forecast timeline.
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Birth control segment to lead the application landscape by 2025 in terms of proceeds
The segmental growth over the forecast timespan is attributed to the massive demand for telehealth activities in the birth control segment.
Adolescent segment to register highest CAGR over the forecast period
The segment is predicted to record the highest growth rate of over 17% during the period from 2019 to 2025. The growth of the segment over the forecast timeline is owing to the growing need of delivering the telehealth services to the girls falling under the adolescent age-group.
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North American market to accrue massive revenue gains over 2019-2025
The growth of the regional market during the period from 2019 to 2025 is subject to a rise in the demand for telehealth services by the female population as well as healthcare service providers, hospitals, and clinics to offer effective reproductive & sexual health services for women population. Moreover, the U.S. is slated to be the major regional revenue contributor over the forecast timeframe.
Some of the key players in the market include American Well, HeyDoctor, LLC, ICEBREAKER HEALTH INC. (Lemonaid), Maven Clinic Co., NURX Inc., Pandia Health, Inc., PILL CLUB, Planned Parenthood Federation of America Inc., UpScript IP Holdings, LLC (Prjkt Ruby), and virtuwell.com.
Browse the full “Telehealth for Women’s Reproductive and Sexual Health Market By Offering (Consulting Services, Diagnostic/Testing Services, and Drug Delivery), By Application (Birth Control, STD Prevention, Menopause, PMS, Postpartum Depression, Pelvic Pain, Urinary Tract Infection, Incontinence, Vulvodynia, and Endometriosis), and By Age Group (Adolescent, Adult, and Geriatric): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2025” Report at https://www.fnfresearch.com/telehealth-for-womens-reproductive-and-sexual-health-market-311
This report segments the Telehealth for Women’s Reproductive and Sexual Health market as follows:
Global Telehealth for Women’s Reproductive and Sexual Health Market: By Offering Segment Analysis
- Consulting Services
- Diagnostic/Testing Services
- Drug Delivery
Global Telehealth for Women’s Reproductive and Sexual Health Market: By Application Segment Analysis
- Birth Control
- STD Prevention
- Postpartum Depression
- Pelvic Pain
- Urinary Tract Infection
Global Telehealth for Women’s Reproductive and Sexual Health Market: By Age Group Segment Analysis
Global Telehealth for Women’s Reproductive and Sexual Health Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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