Global Telemedicine Market- 2020-2027
Global Telemedicine Market is Segmented By Speciality Area (Cardiology, Dermatology, General Surgery, Gynecology, General Consultation, Ophthalmology, Orthopedics, Neurology, Pathology, Psychiatry, Trauma Care, Others), By End Users (Clinics, Hospitals, Patients, Others), By Technology (Hardware, Software, Telecommunications), By Type (Mhealth (Mobile Health), Tele Hospitals/Clinics, Telephone), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027
The telemedicine market is estimated to grow at a CAGR of 19%. in the forecast period of 2020-2027.
An increase in rural health issues and hospitalizations, a lack of resources to meet the increased cases, etc., necessitated the growth of the global Telemedicine market.
Telemedicine is two-way, real-time interactive communication between a patient and healthcare provider at a different place.
This is supported audio and video equipment along with integrated medical devices and hence enables the clinicians to evaluate, diagnose and treat patients remotely.
Studies reveal that over 62 million people lack access to adequate healthcare services. Also, the studies estimate, by 2020 there will be a shortage of 45,000 primary care providers.
Delay in care due to lack of access is leading to health complications. All these factors are necessitating the use of Telemedicine.
Treatment through this method is particularly helpful in rural areas, where there is a lack of accessibility to both primary health care and specialty care due to the shortage of healthcare providers.
Faster access to healthcare, which is a crucial factor in improved patient engagement and better outcomes.
Progress in healthcare industry towards the value-based care and use of telehealth technologies results in positive outcomes including fewer hospital re-admissions, more faithful following of prescribed courses of treatment, and faster recovery than that of patients not receiving the foreign intervention.
Telemedicine allows hospitals to create a network to support each other. By easily sharing their expertise outside their institutions, doctors can offer incredible value to their medical colleagues and those colleagues’ patients. All these advantages and ease of access are driving the global telemedicine market.
Based on specialty area into General Consultation, Cardiology, Dermatology, Neurology, Gynecology, Trauma Care, Ophthalmology, Orthopedics, Psychiatry, Pathology, General Surgery, and Others.
Based on End-Users into Hospitals, Clinics, Patients, and others.
Based on technology into Hardware, Software, and Telecommunications.
Based on the type of telemedicine into Telehospitals/Clinics, Tele home, and health.
This report also segments the geographies by regions, which include North America, South America, Europe, Asia Pacific, and RoW.
The global telemedicine market share is majorly divided among the following players: CareClix, ConsultADoctor, Teladoc, MD, iCliniq, American Well, M drive, MDAligne, state doctors, Doctor on Demand, Specialists On Call and LiveHealth Online. This report gives a profile of all the companies mentioned earlier.
Key takeaways from this report
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
Visualize the composition of the Telemedicine market across each indication, regarding type and applications, highlighting the critical commercial assets and players.
Identify commercial opportunities in Telemedicine by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the Telemedicine market-level 4/5 segmentation
A PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the critical Telemedicine products of all major market players.
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