The Worldwide Telemedicine Industry is Expected to Reach $171.81 Billion by 2026

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Research Reports

Posted By Wanda Rich

Posted on September 6, 2021

The Worldwide Telemedicine Industry is Expected to Reach $171.81 Billion by 2026

Global Telemedicine Market is valued at USD 27.04 Billion in 2019 and Expected to Reach USD 171.81 Billion by 2026 with the CAGR of 37.2% over the Forecast Period.

Telemedicine Market Key Players –

Global Telemedicine Market report covers prominent players like Aerotel Medical Systems Ltd., Allscripts Healthcare Solutions, Inc, Cardiocom, LLC, LifeWatch AG, InTouch Technologies, Inc, Honeywell HomMed , F. Hoffmann-La Roche Ltd, CISCO Systems , McKesson Corporation, Telemedicine, Inc., and others.

Market Analysis of Telemedicine Market Reports –

Telemedicine electronic communications and software provide clinical services to patients without in-person visit and offers remote delivery healthcare services. In telemedicine, the technology allows healthcare provider to diagnose patients using smartphone through the video conferencing. This technology is used for medicine management, management of chronic condition and other clinical services. The healthcare systems, physician practices and skilled nursing facilities are using telemedicine to provide healthcare facilities more efficiently. Due to the artificial intelligence provider monitoring, diagnosis and treatment of telemedicine can be easily performed in real time.

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Global telemedicine market report is segmented on the basis of technology, specialty, service, mode of delivery, end user and by regional & country level. Based on technology, global telemedicine market is classified as Peripheral, Axial Bone Densitometry, Software, Hardware and Telecom & Networking. Based on specialty, global telemedicine market is classified as gynecology, neurology, dermatology, orthopaedic, cardiology, internal medicine, emergency care, and other. Based on service, global telemedicine market is classified as tele training, tele consulting, tele education, tele monitoring, telesurgery, telepathology, teledermatology, telepsychiatry, telecardiology, teleradiology, tele-care, real-time interactive, store-and-forward and other. Based on mode of delivery, global telemedicine market is classified as cloud-based delivery, on-premise delivery and other. Based on end user, global telemedicine market is classified as clinic, hospital, tele home, mhealth (mobile health), patients, payers, providers and other.

The regions covered in this Telemedicine market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Telemedicine is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Market Dynamics –

Increasing revolution in telecommunication market is driving the telemedicine market.

From the last few years, increasing health related problems with the rising concerns of remote services is the major growth factor of telemedicine market. For example, the patients in rural areas are increasingly required specialty services such a mental health treatment or post-surgery follow up, that they can get these types of services with the help of telemedicine without traveling a large distance. Additionally, the widespread availability of the internet and high quality video devices coupled with affordable care act and progressive reimbursement laws are the key factors helps to drive the telemedicine market. Furthermore, approximately 16.4 million peoples are having health care coverage according to the health and human services. However, technical training and equipment, reduced care continuity, fewer in-person consultations, tricky policies and reimbursement rules, etc. may obstruct the growth of telemedicine market. Moreover, increasing use of internet with advanced healthcare services in developing countries will be providing lucrative opportunity for telemedicine market.

Regional Analysis –

North America is dominating the telemedicine market.

North America is accounted for major share over the forecast period owing to the increasing usage of internet and adoption of smart devices is the major factor which helps to grow the telemedicine market. Due to the high speed internet connection, telemedicine market is rapidly growing from the past couple of years. In the North America, various medical centers are consulting the patients to aware about the advanced healthcare facilities. For example; According to the American Telemedicine Association, more than 200 academic medical centers in the U.S. already offer video-based consulting in other parts of the world. Furthermore, About 74% of patients in the U.S. would use telehealth services. Moreover, Europe is the second largest region in telemedicine market followed by North America, due to European countries is strongly supporting the several telemedicine projects. Additionally, Asia pacific is emerging in the telemedicine market is expected to gain a huge interest about telemedicine; with the increasing penetration rate of smart devices is boosting the telemedicine market in Asia pacific.

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Telemedicine Market Segmentation –

By Technology

Peripheral
Axial Bone Densitometry
Software
Hardware
Telecom & Networking

By Specialty

Gynecology
Neurology
Dermatology
Orthopedic
Cardiology
Internal Medicine
Emergency Care
Other

By services

Tele training,
Tele consulting
Tele education
Tele monitoring
Telesurgery
Telepathology
Teledermatology
Telepsychiatry
Telecardiology
Teleradiology
Tele-care
Real-time interactive
Store-and-forward
Other

By Delivery

Cloud-based delivery
On-premise delivery
Other

By End User

Clinic
Hospital
Tele home
mhealth (mobile health)
Patients
Payers
Providers

This comprehensive report will provide:

Enhance your strategic decision making
Assist with your research, presentations and business plans
Show which emerging market opportunities to focus on
Increase your industry knowledge
Keep you up-to-date with crucial market developments
Allow you to develop informed growth strategies
Build your technical insight
Illustrate trends to exploit
Strengthen your analysis of competitors
Provide risk analysis, helping you avoid the pitfalls other companies could make
Ultimately, help you to maximize profitability for your company.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

Which are the driving factors responsible for the growth of market?
Which are the roadblock factors of this market?
What are the new opportunities, by which market will grow in coming years?
What are the trends of this market?
Which are main factors responsible for new product launch?
How big is the global & regional market in terms of revenue, sales and production?
How far will the market grow in forecast period in terms of revenue, sales and production?
Which region is dominating the global market and what are the market shares of each region in the overall market in 2019?
How will each segment grow over the forecast period and how much revenue will these segment account for in 2027?
Which region has more opportunities?

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