Telemedicine Market - 2020 Global Market Size, Outlook, Supply, Share, Demand, Trends and Forecasts to 2026
The rise in geriatric population and the increasing demand for proper healthcare and medical services to suffice to their needs is boosting the global telemedicine market says Fortune Business Insights in their new study. The study is titled “Telemedicine Market Size, Share and Global Trend By Type (Products, Services), By Application (Teleradiology, m Telepathology, Teledermatology, Telepsychiatry, Telecardiology, Others), By Modality (Store-and-forward (Asynchronous), Real-time (Synchronous), Others), By End User (Healthcare Facilities, Homecare), and Geography Forecast till 2026”. This report highlights all factors driving and restricting the growth of telemedicine market. The information provided in the report is collected from trusted source, within the forecast period of 2019 to 2026.
As per Fortune Business Insights, the global telemedicine market, valued at US $ 34,289.2 Mn in 2018 is anticipated to rise to US$ 185,669.6 Mn by the end of 2026. Based on type, the services segment holds the largest share of the global telemedicine market. which is likely to continue its dominance in the forecast duration as well, owing to favorable reimbursement policies set by governments.
The report covers:
- Global Telemedicine Market trends, with detailed analysis on consumer trends & manufacturer trends.
- Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
- Key areas of investments identifying market opportunities and challenges in forecast timeframe.
- Competitive analysis of the industry players along with the overview on strategic management.
- Comprehensive company profiles of the major industry players.
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Leading Players operating in the Telemedicine Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- SnapMD, Inc.
- MDLIVE Inc.
- Encounter Telemedicine
- MD
- MeMD
- InTouch Technologies, Inc.
- GlobalMed
Advent of Technology, such as Cardiology and Radiology to Promote Growth of Market
An important factor fueling the demand for telemedicine technology in the world market is the rise in the aged population and their vulnerability towards various health problems. Expansion of healthcare infrastructure and improving healthcare and medical services are promoting the growth of telemedicine software worldwide. In addition, paying frequent visits to the hospital may also be a hassle, especially when dealing with aged people. Telemedicine provides a platform for treating patients without the need to visit clinics and hospitals.
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Need to Provide Proper Medical Service in Developing Nations to Help Asia Pacific Register Rapid Growth
Fortune Business Insights foresees the global telemedicine market to be dominated by North America.. Access to favorable reimbursement policies is supporting the market’s expansion in developed nations such as Canada and the U.S. In addition, the telemedicine market in North America is also driven by the strong establishment of healthcare centers and availability of skilled medical practitioners. Government support plays a major role in the growth of the telemedicine market in this region. For instance, the Florida Senate passed House Bill 23 in April 2019 to standardize the telemedicine and telehealth practices. Such support from government is further propelling the growth of the market in the region. Furthermore, the presence of major players of telemedicine market in North America and the surge in the number of e-visits will also help the regional market to continue its dominance in the coming years.
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Report Focus:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Telemedicine Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Telemedicine Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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