Global Telemedicine Market is Estimated to Reach US$ 60447.21 Million by 2024, Due To the Rising Number of Geriatric Population in Different Parts of the World.
Healthcare Intelligence Markets offers its latest published report Global Telemedicine Market by Type (Real Time, Store-and-Forward); by Components (Software, Hardware, Services); by Application (Telemonitoring, Education & Training, Consultation, Assisted Surgery, Others (Care Providing, Decision Making, Etc.)); by Deployment Type (Cloud Based, On- Premise, Web Based); by Specialty Areas (Orthopedics, Neurology, Gynecology, Emergency care, Others (Cardiology, Child Birth, Etc.)); by End Users (Healthcare Providers, Patients); by Region (North America (U.S., Rest of North America), Europe (France, The U.K., Spain, Germany, Italy, Rest of Europe), Asia Pacific (China, Japan, India, Southeast Asia, Rest of Asia Pacific, Middle East & Africa, GCC Countries, Southern Africa, Rest of MEA), Latin America (Brazil, Rest of Latin America))- Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2018 – 2026. The author of the report analyzed that global telemedicine market accounted for US$ 23995.52 Million in 2017. The rising trend in revolutionizing the healthcare market dynamics such as includes both remote clinical service delivery and nonclinical elements of the healthcare system. This factor is propelling the growth of the market.
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Telehealth and telemedicine refers to a broad spectrum of remote well-fare services, which includes medical education, consultation, and provider training. Patients are now empowered to reach out to supreme and budget-friendly care, which has eventually reduced the number of appointment cancellations and no-shows. These attributes are factoring to the growth of this market. However, a few state governments do not permit the prescription of medicines online, without having an established relationship between the doctor and the patient. This factor is eventually hindering the incorporation of telemedicine services in global regions. Telehealth surveys are conducted using technology that has been designed in a way to protect patients’ integrity as these have strict norms related to user protection and privacy. This is led to building of trust for these online assistance services and is rendering a better approach for the providers to deliver the care their clients’ need.
Global Telemedicine Market is further categorized by understanding its type of services
On the basis of the type of services that the global telemedicine market renders, it has been broadly categorized into real-time and store-and-forward methods. The real-time consultation involves a two-way interactive session between the medical practitioner and the remotely located patient by the means of video conferencing. The real-time service is used to chat live and receive one-on-one consultation form a doctor, whereas the store-and-forward method collects user data and is analyzed to deliver collective results. The consumer video communication applications like Facetime and Skype, that are used generally to connect with social circles, are not appropriate for telemedicine. Therefore, the key providers are investing more into the research and development activities so as to deliver specialized softwares.
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Telemedicine Services holds a significant share in the global market
The incorporation of advanced technology is expanding access to medical services and the market players are striving to deliver excellent healthcare at lowered costs. The rapid industrialization in regions such as North America and Asia Pacific is leading to a rise in technological advancements such as cloud-based deployment models and OWL-ontologies. Such factors are propelling the market growth in global regions.
The Global Telemedicine Market has witnessed a number of Global and Regional Players
Some of the significant players functioning in the global telemedicine market are Aerotel Medical Systems, Allscripts, AMD, AMD Global Telemedicine, Inc., Bio Telemetry, Cerner Corporation, Cisco, CloudVisit Telemedicine, GE Healthcare, Global Telemedicine, Inc., Haemonetics Corporation, Honeywell, IBM, InTouch Health, Koninklijke Philips N.V., Maestros Mediline Systems Ltd., McKesson Corporation, Medisoft Telemedicine Pvt. Ltd., Medtronic plc., SHL Telemedicine, and SnapMD, Inc. amongst others.
AMD Global Telemedicine has partnered with Jenysis Global and are collaboratively offering deployable telehealth clinics, which provides instant access to remedial care in catastrophic situations such as natural disasters military zones, or remote work environments.
Global Telemedicine Market – By Type
• Real Time
Global Telemedicine Market – By Components
Global Telemedicine Market – By Application
• Education & Training
• Assisted Surgery
• Others (Care Providing, Decision Making, Etc.)
Global Telemedicine Market – By Deployment Type
• Cloud Based
• On- Premise
• Web Based
Global Telemedicine Market – By Specialty Areas
• Emergency care
• Others (Cardiology, Child Birth, Etc.)
Global Telemedicine Market – By End Users
• Healthcare Providers
Global Telemedicine Market – By Region
• North America
o Rest of North America
o The UK
o Rest of Europe
• Asia Pacific
o Southeast Asia
o Rest of Asia Pacific
• Middle East and Africa
o GCC Countries
o Southern Africa
o Rest of Middle East and Africa
• Latin America
o Rest of Latin America
The report provides both, subjective and quantitative research of the market, as well as integrates worthy insights into the rational scenario and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as M&A, affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their headquarter base, competitors, product type, application and specification, pricing, and gross margin.