Global Telemedicine Market Growth and Forecast to 2026

Market overview:

The Global Telemedicine Market size is assessed to reach USD 81 billion by 2026 from USD 50 billion in 2021, at a CAGR of 19% during the forecast period.

Telemedicine is the use to provide electronic communication to the healthcare services to patients situated in remote locations. Social distancing is one of the major plans to reduce the spread of COVID-19 infection. Telemedicine technology leveraged by physicians to deliver healthcare facilities to the patients, thereby supporting social distancing and lowering theeffect of corona virus infection.

The Global telemedicine market Predicted to witness a CAGR of 19% during the forecast period (2021-2026) and the major aspects for the Global telemedicine market growth include the Increasing healthcare costs, technological progressions, rising remote patient monitoring, and raising burden of chronic diseases.

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Drivers and restraints of Telemedicine Market:

Aspects driving the market in the region include civilizing healthcare infrastructure, increasing cases of chronic diseases, increasing demand of technologically advanced healthcare facilities, and rising geriatric population.
Healthcare costs are increasing across the world. The main driver for rising healthcare prices is better utilization of healthcare services, which results in the development of consumer demand for new and innovative techniques, lifestyle factors, etc.

Telemedicine Market Segmentation Analysis:

By Component:

Product

Hardware
Software
Others

Services

Tele-consulting
Tele-monitoring
Tele-education

By Application:

Teleradiology
Telepathology
Teledermatology
Telecardiology
Others

By Delivery Model:

Web/Mobile

Telephonic
Visualized

Call Centers

By Type:

Tele-hospital
Tele-home

By End-Use:

Providers
Payers
Patients
Others

Regional analysis:

North America dominate the global market due to the existence of a well-developed healthcare sector, telehealth service, and rising adoption of healthcare IT.Asia Pacific is expected to be the fastest rising region due to a huge patient pool and rising telehealth service.

Key Players:

Major Key Players in the Global Telemedicine Market are

BioTelemetry
Allscripts Healthcare Solutions Inc.
Philips
Medtronic
CardioNet
AMD Global Telemedicine, Inc.
Cerner Corporation
CareClix
GENERAL ELECTRIC
Cisco
Intel Corporation
IBM Corporation

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