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. 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 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 market. which is likely to continue its dominance in the forecast duration as well, owing to favorable reimbursement policies set by governments.
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Leading Players operating in the Telemedicine Market are:
- American Well
- GlobalMed
- Teladoc Health, Inc.
- MeMD
- InTouch Technologies, Inc.
- Doctor On Demand, Inc.
- MDLIVE Inc.
- Encounter Telemedicine
- 2nd.MD
- SnapMD, Inc.
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.
Telemedicine is cost-effective, which is a key factor fueling their demand worldwide. Besides this, the gradual shift from traditional health consultation to teleconsultation is also driving the market. Telemedicine technology has the potential to address the medical needs of the unmet population, therefore, governments are also supporting this software in order to meet the medical needs of their people.
Market Segmentation:
By Type
- Products
- Services
By Application
- Teleradiology
- Telepathology
- Teledermatology
- Telepsychiatry
- Telecardiology
- Others
By Modality
- Store-and-forward (Asynchronous)
- Real-time (Synchronous)
- Others
Teladoc Health, American Well, and Doctor On Demand Hold Strong Foothold in the Global Market
Doctor On Demand, Teladoc Health, and American Well are enjoying stronghold in the global telemedicine market. Leading companies are focusing on strategies such as company collaboration with domestic players, and mergers and acquisitions to gain a competitive advantage in the market.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/telemedicine-market-101067
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview of Telemedicine Services
- Reimbursement Scenario – For Key Countries
- Overview of Telemedicine Policies – For Key Countries
- Technological Advancements in Telemedicine Market
- Startups with their Funding Overview
- Key industry Developments – Mergers, Acquisitions and Partnerships
- Global Telemedicine Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Products
- Services
- Market Analysis, Insights and Forecast – By Application
- Teleradiology
- Telepathology
- Teledermatology
- Telepsychiatry
- Telecardiology
- Others
- Market Analysis, Insights and Forecast – By Modality
- Store-and-forward (Asynchronous)
- Real-time (Synchronous)
- Others
- Market Analysis, Insights and Forecast – By End User
- Healthcare Facilities
- Homecare
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Telemedicine Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Products
- Services
- Market Analysis, Insights and Forecast – By Application
- Telemedicine
- Telepathology
- Teledermatology
- Telepsychiatry
- Telecardiology
- Others
- Market Analysis, Insights and Forecast – By Modality
- Store-and-forward (Asynchronous)
- Real-time (Synchronous)
- Others
- Market Analysis, Insights and Forecast – By End User
- Healthcare Facilities
- Homecare
- Market Analysis, Insights and Forecast – By Country
- U.S.
- Canada
- Europe Telemedicine Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Products
- Services
- Market Analysis, Insights and Forecast – By Application
- Telemedicine
- Telepathology
- Teledermatology
- Telepsychiatry
- Telecardiology
- Others
- Market Analysis, Insights and Forecast – By Modality
- Store-and-forward (Asynchronous)
- Real-time (Synchronous)
- Others
- Market Analysis, Insights and Forecast – By End User
- Healthcare Facilities
- Homecare
- Market Analysis, Insights and Forecast – By Countries/ Sub-region
- U.K.
- Germany
- France
- Spain
- Italy
- Scandinavia
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