According to a new report, published by KBV research, The Global Pediatric Telehealth Market size is expected to reach $156.7 billion by 2031, rising at a market growth of 26.1% CAGR during the forecast period.
The Hardware segment is anticipating a CAGR of 25.1% during (2024 - 2031). The segment is growing owing to the rising adoption of telehealth-related devices like remote monitoring tools, wearable devices, and telehealth carts used by healthcare providers. These devices are critical for the effective delivery of telehealth services, particularly in managing chronic pediatric conditions like asthma and diabetes, where real-time data collection is crucial for continuous care.
The Providers segment is leading the Global Pediatric Telehealth Market by End-use in 2023; thereby, achieving a market value of $77.5 billion by 2031. Healthcare providers, including hospitals, clinics, and pediatric practices, rapidly expanded their telehealth offerings to ensure continuity of care, especially during the COVID-19 pandemic. The growing integration of telehealth into everyday healthcare practices and investments in telehealth platforms and remote monitoring devices contributed to the segment’s leading position. Telehealth is being employed by providers to provide a broader array of services, including routine pediatric check-ups and chronic disease management.
The Radiology market would register a CAGR of 24.9% during (2024 - 2031). Radiology services have expanded in telehealth, particularly through teleradiology, which allows healthcare providers to remotely view and interpret medical images like X-rays, MRIs, and CT scans. This is especially important for pediatric patients in remote or underserved areas, where access to radiologists might be limited. The growth of this segment has been significantly facilitated by the ability to transmit images electronically to specialists for real-time consultations or second opinions, which has substantially enhanced diagnostic accuracy and efficiency in pediatric care.
Full Report: https://www.kbvresearch.com/pediatric-telehealth-market/
The North America region dominated the Global Pediatric Telehealth Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $57,490.4 million by 2031. The Europe region is exhibiting a CAGR of 25.6% during (2024 - 2031). Additionally, The Asia Pacific region would experience a CAGR of 27% during (2024 - 2031).
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