Telemedicine market was valued at US$ 47.2 billion in 2020 and is expected to reach US$ 137.6 billion in 2026, growing at a CAGR of 19.5% during 2021-2026
RAIPUR, India, Feb. 10, 2022 /PRNewswire/ -- Stratview Research, a leading market research company, has launched a report on the Telemedicine Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
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How is the Report Helpful?
The report has a very high utility for the key decision-makers and strategists in terms of accurate market insights, future growth opportunities, and key success factors.
Most importantly, the report analyses the possible impact of COVID-19 on the market dynamics which offers cushioning against the uncertain business environment and helps in streamlining the resources and investment decisions in a fruitful manner.
What are the Top Market Drivers?
According to the report, the Telemedicine market is driven by a host of factors, some of which are noted below:
- The increasing need for remote patient monitoring services in developing countries
- Growing patient pool in remote locations
- Rising medical tourism activities
- Surging prevalence of chronic and lifestyle-associated diseases
The report also includes growth rate estimates based upon the intensity of drivers and constraints and provides the users with several graphical illustrations of the key insights.
Telemedicine Market Segmentation:
Stratview Research has segmented the market in the following 4 ways which fulfil the market data needs of multiple stakeholders across the industry value chain.
- Service Type (Tele-consulting, Tele-monitoring, Tele-education/training)
- Type (Tele-hospital, Tele-home)
- Specialty Type (Cardiology, Gynecology, Neurology, Orthopedics, Dermatology, Mental health, Others)
- Region (North America, Europe, Asia-Pacific, and Rest of the World).
Telemedicine Market Insights
Market Trends by Service Type:
Based on service, the telemedicine market (tele-home and tele-hospital market) has been segmented into tele-consulting, telemonitoring, tele-education/training.
- Among these, the tele-consulting segment witnessed the largest market share of almost 40% in 2020 and is likely to register a healthy CAGR during the review period.
- This is mainly ascribed rising growth of tele-consulting service due to a large number of self-quarantined population at homes during the COVID-19 pandemic, thereby bolstering the segment growth.
Which region offers the best opportunity and growth?
By region, the North American market accounted for the largest market share in 2020 and is estimated to grow at a steady CAGR during the forecast timeline. This can be attributed to the rising prevalence of chronic and lifestyle-associated diseases, the growing geriatric population, and increasing government funding and grants for telemedicine thereby proliferating the industry growth in the region.
COVID-19 Impact on the Telemedicine Market
COVID-19 has put an instant halt to many industries across the globe. Lockdown norms in several countries have swiftly affected the global economy by affecting the supply chain, production, and demand in the market. Both direct, as well as indirect impacts of the pandemic, have been incorporated in this report.
To know more about the covid-19 impact, get a free sample report, here:
https://www.stratviewresearch.com/Request-Sample/1664/telemedicine-market.htmlform
Who are the Top Market Players?
After a thorough analysis of the market, the experts have listed few key players and discussed company profiles of below-given players -
- Allscripts Healthcare Solutions Inc. (The U.S),
- AMD Global Telemedicine (The U.S),
- American Well (The U.S),
- BioTelemetry (The U.S),
- Blue Sky Telehealth (The U.S),
- Cerner Corporation (The U.S),
- Cisco Systems (The U.S),
- Eagle Telemedicine (The U.S),
- Honeywell International Inc. (The U.S), and
- InSight (The U.S).
What deliverables will you get in this report?
- In-depth analysis of the Telemedicine Market.
- Detailed market segmentation.
- Competitive-landscape analysis.
- Historical, present, and future market size analysis.
- Industry trends, technologies, and advancements.
- Growth and operation strategies adopted by key players.
- Potential segments/regions offering promising growth.
- Geographical presence of the key players.
Related reports which might be useful:
1. Telemedicine Cart Market
2. Surgical Simulator Market
About us
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