The snowballing population, the necessity to expand healthcare services, the increasing prevalence of chronic diseases and illnesses, and the shortage of doctors, government support, increased awareness after the COVID-19 outbreak are the factors driving the global telemedicine market. The Global Telemedicine Market was valued at USD 56.5 billion in 2020, and it is expected to reach USD 246.7 billion by 2027, with a CAGR of 23.6%, during the forecast period.
After the outbreak of
COVID-19, the demand for healthcare services and technology has reached an
all-time high. Technologies such as telemedicine, chatbots, and robots are
being deployed to help gather information, comfort people, treat & diagnose
patients, and even formulate future vaccines. In view of the global shortage of
hospital beds and medical staff, the potential of telemedicine has been
emphasized. Players in the telemedicine industry focus on providing innovative
solutions for COVID-19 to support hospitals and healthcare providers.
Increasing awareness and growing adoption to telemedicine during the Covid time
is anticipated to propel the market during the forecast period.
Request a Sample Report- https://www.alltheresearch.com/sample-request/622
Medical fraud is an
important consideration in the field of telemedicine and telemedicine practice.
There are many ways in which patients or doctors can be victimized-for example,
the doctor’s name and account can be used to receive payments from insurance
companies, or non-eligible or unlisted institutional providers may improperly
code and charge false bills and claim. This factor might hinder the growth of
global telemedicine market. Behavioural obstacles may not be the most obvious
limiting factor, but they still pose a major obstacle to the adoption of
telemedicine. Doctors and patients often face unfamiliarity with new practices
and will not easily abandon existing (traditional) practices. Due to
unfamiliarity with technology, the elderly may also refuse to use telemedicine
and telemedicine services.
The Global
Telemedicine Market is segmented by type which is further bifurcated into tele
home and tele hospital. The sub- segment tele hospital is anticipated to have
largest share in the market due to requirement of telemedicine in case of
emergency. By services telemedicine market is sub divided into tele-consulting,
tele-monitoring, and tele-education/training. Tele- monitoring is the highest
growing segment due to increasing home care assistance for the generic
population. By delivery mode the segment is bifurcated into call centers, and
web/mobile. Web or mobile is witnessing the significant growth because is
offers the direct access to deliver the care solutions. By application, the
segment is sub- divided into tele radiology, tele psychiatry, tele dermatology,
tele cardiology, and others. Tele radiology is the highest growing sub segment
over the forecast period.
The major key players
operating in the global telemedicine industry are SteadyMD Inc.; American Well;
MDlive Inc.; Maven, Inc.; HealthTap, Inc.; iCliniq; BioTelemetry, Inc.; CVS
Health; Synapse Medicine; Teladoc Health, Inc.; Practo, Doctor On Demand, Inc.;
Aerotel Medical Systems Ltd.; AMD Global Telemedicine; and Plantronics, Inc.
(Polycom).
Key Findings:
- Based
on type, the tele hospitals segment is expected to have the highest market
share during the forecast period.
- Based
on service, tele monitoring segment dominated the telemedicine market in
2020 and is expected to continue its dominance throughout the forecast
period.
- Based
on the delivery mode, web/mobile segment is expected to grow with the
highest CAGR during the forecast period.
- Based
on application, tele radiology segment accounted for the largest share of
the market.
- Regionally,
North America region captured a significant portion of the global
telemedicine market in 2020 and is expected to dominate the global
telemedicine market during the forecast period
Recent News:
- In
August 2020, AMD partnered with iTelemed, an Ontario-based company that
provides virtual healthcare solutions. This partnership aims to meet the
unmet healthcare needs of marginalized people in Canada during the
COVID-19 pandemic.
- In
July 2020, Teladoc Health, Inc. acquired the American company InTouch
Health. In this way, the company combined InTouch Health's product
portfolio with its existing products and enhances healthcare in inpatient,
outpatient, and home care settings.
- In
June 2019, Zava received funding of USD 32 Mn, with this funding the
company plans to expand its telemedicine services across Europe.
- On
April , 2021, Verizon launched Blue Jeans Telehealth, which will offer
library functions so that health care professionals can guide patients to
read important reading materials. In addition, it can also help patients
complete the questionnaire in advance.
The Global
Telemedicine Industry Segmentation:
By Type
- Tele
home
- Tele
hospitals
By Service
- Tele-consulting
- Tele-monitoring
- Tele-education/training
By Delivery Mode
- Call
Centers
- Web/Mobile
By Application
- Tele
radiology
- Tele
psychiatry
- Tele
dermatology
- Tele
cardiology
- Others
By Region
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East & Africa
Company Profiles and
Competitive Intelligence
- MDlive
Inc.
- SteadyMD
Inc.
- Maven,
Inc.
- iCliniq
- HealthTap,
Inc.
- BioTelemetry,
Inc.
- American
Well
- CVS
Health
- Synapse
Medicine
- Practo
- Teladoc
Health, Inc.
- Doctor
on Demand, Inc.
- AMD
Global Telemedicine
Read More Information- https://www.alltheresearch.com/report/622/telemedicine-market
About Us
AllTheResearch was formed with the aim of making
market research a significant tool for managing breakthroughs in the industry.
As a leading market research provider, the firm empowers its global clients
with business-critical research solutions. The outcome of our study of numerous
companies that rely on market research and consulting data for their decision-making
made us realize, that it's not just sheer data points, but the right analysis
that creates a difference. While some clients were unhappy with the
inconsistencies and inaccuracies of data, others expressed concerns over the
experience in dealing with the research-firm. Also, same-data-for-all-business
roles were making research redundant. We identified these gaps and built
AllTheResearch to raise the standards of research support.
For All Your Research Needs, Reach Out to Us:
Contact Name: Rohan S.
Email: contactus@alltheresearch.com
Phone: +1 (407) 768-2028
Comments
Post a Comment