TELEMEDICINE MARKET GLOBAL TRENDS, MARKET SHARE, INDUSTRY SIZE, GROWTH, OPPORTUNITIES, AND MARKET FORECAST 2019 TO 2026
Telemedicine market survives on the very fact that adaptable sophisticated healthcare services can facilitate real-time patient and healthcare professional communication due to high-tech telemedicine platforms. Government funding and approval for telemedicine claims reimbursement are hugely promoting the adoption of telemedicine.
Increasing use of smartphones coupled with high-speed internet is a boon in today’s digital world. Remote clinical services have become a modern-day reality in the form of telemedicine due to such boon. Telemedicine marketsurvives on the very fact that adaptable sophisticated healthcare services can facilitate real-time patient and healthcare professional communication due to high-tech telemedicine platforms. Government funding and approval for telemedicine claims reimbursement are hugely promoting the adoption of telemedicine. Reduction in travel time and cost along with easy access to diagnose and treat patients at remote locations is also fuelling the growth of telemedicine market.
The global telemedicine market is poised to exceed the total market value of $110 billion by 2026 end. Expert approximations suggest the market would register an exuberant CAGR at over 16% during the forecast period of 2019-2026.
Telemedicine Market to Expect Enormous Growth Owing to the Expanding Neurological Care Innovations
Neuropathy, Parkinson’s disease, sudden paralysis, epilepsy, seizers and multiple sclerosis are critical conditions that need effective management. Such medical emergencies and swift advancement in neurological care are estimated to stimulate a robust growth in telemedicine market during the forecasted years.
Global Telemedicine Market, by Service Type
• Telepathology
• Teleradiology
• Teledermatology
• Teleconsultation
• Other.
• Teleradiology
• Teledermatology
• Teleconsultation
• Other.
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Global Telemedicine Market, by End User
• Hospitals
• Diagnostics Laboratories
• Clinics
• Outpatient Centres
Urgent and initial routine evaluation of patients suffering from chronic conditions in cardiology, orthopaedics, gynaecology and so on is quite possible with telemedicine. Thus hospitals segment which already has a huge patient base for such conditions is a major end-user segment and expected remain so in future. With telecommunication facilities availed in the telemedicine market, the diagnostic lab’s segment is anticipated to witness healthy CAGR during the forecast period.
• Hospitals
• Diagnostics Laboratories
• Clinics
• Outpatient Centres
Urgent and initial routine evaluation of patients suffering from chronic conditions in cardiology, orthopaedics, gynaecology and so on is quite possible with telemedicine. Thus hospitals segment which already has a huge patient base for such conditions is a major end-user segment and expected remain so in future. With telecommunication facilities availed in the telemedicine market, the diagnostic lab’s segment is anticipated to witness healthy CAGR during the forecast period.
Global Telemedicine Market, by Region
• Europe
• North America
• APAC
• Latin America
• Rest of World
• Europe
• North America
• APAC
• Latin America
• Rest of World
Urbanisation and Advancement in Telecommunication Technology Foreseen to Bolster Lucrative CAGR in the APAC Region
At present North America accounts for the largest share in the global telemedicine market due to the ageing population, prevalence of chronic diseases and advanced healthcare infrastructure. However, improvement in the healthcare sector with the help of telecommunication advancements in the APAC region is positively impacting the telemedicine platform implementations. Additionally, government aids and medical coverage fuel a promising growth in emerging economies of the APAC region during the forecast period.
At present North America accounts for the largest share in the global telemedicine market due to the ageing population, prevalence of chronic diseases and advanced healthcare infrastructure. However, improvement in the healthcare sector with the help of telecommunication advancements in the APAC region is positively impacting the telemedicine platform implementations. Additionally, government aids and medical coverage fuel a promising growth in emerging economies of the APAC region during the forecast period.
Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
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FutureWise Takeaways
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on global telemedicine market by service type, end-user and region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on global telemedicine market by service type, end-user and region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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Website: www.futurewiseresearch.com/
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: Send Email
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
State: England
Country: United Kingdom
Website: www.futurewiseresearch.com/
