Telemedicine Market Size | 2021 Global Analysis By Growth Insights, Developments, Emerging Technologies, COVID-19 Impact, Share, Key Players, Trends, Regional Outlook And Global Industry Forecast To 2027 is latest study published by Fortune Business Insights. Telemedicine market expected to reach USD 396.76 billion value exhibiting a 25.8% CAGR by 2027. Telemedicine Industry is segmented by Type (Products and Services), By Modality (Store-and-forward (Asynchronous), Real-time (Synchronous), and Others), By Application (Teleradiology, Telepathology, Teledermatology, Telecardiology, Telepsychiatry, and Others), By End User (Healthcare Facilities and Homecare), and Regional Forecast, 2020-2027.
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Key Companies Studied In Report:
- American Well (Boston, U.S.)
- MDLIVE Inc. (Sunrise, U.S)
- Teladoc Health Inc. (Purchase, U.S.)
- Doctor on Demand Inc. (San Francisco, U.S.)
- MeMD (Arizona, U.S.)
- Encounter Telehealth (Nebraska, U.S.)
- Global Med (Arizona, U.S.)
- SnapMD (California, U.S.)
Telemedicine Market Highlights:
Rapid advancements in technology have transformed the healthcare industry. This, as a result, has bought some significant changes in telemedicine, especially regarding its accessibility and availability. Telemedicine is used in diverse sectors, which include cardiology, radiology, behavioral health, and others. This will further give rise to new healthcare business models in telemedicine. People around the world prefer virtual consultation as it reduces the cost of other healthcare services such as hospital stays.
Telemedicine services are anticipated to lead the market during the forecast period. Presence of favorable reimbursement policies on teleconsultation is one of the primary factors responsible for the growth of telemedicine services. Other factors such as the entry of new players and increasing adoption of real-time communication devices are driving the telemedicine services segmen
Driven by these factors, the telemedicine market size is expected to increase over the projected horizon. Among application, teleradiology is projected to cover leading share in the market. Other segments based on application include teledermatology, telepathology, and telepsychiatry.
Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Telemedicine market to figure out and study the market’s needs, market size, and competition.
Regional Analysis:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)
From a geographical standpoint, North America is anticipated to emerge dominant in the global telemedicine market. Governments in this region are planning to develop favorable reimbursement policies and practice standards for telemedicine and e-health. This, coupled with increasing patient pool, is boosting the market in North America.
The Senate in Florida passed a House Bill 23 in April 2019, establishing standards of practice for telemedicine and telehealth providers. As the aging population is increasing and preference towards telemedicine is rising, the number of e-health visits are increasing exponentially. This will further increase the telemedicine market share in North America.
This report focuses on Telemedicine Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2027, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
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Telemedicine Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market
Competitive Analysis And Industry News:
Major companies in the global Telemedicine Market are increasingly focusing on research and development activities to create new and innovative products to stay ahead of the competition. Staying on top of market trends and drivers is crucial for decision-makers to hold this emerging opportunity. The study provides information on market trends and development, drivers, capacities, technologies, and the changing investment structure of the Telemedicine Industry.
Key questions answered in the report:
- What will the market growth rate of Telemedicine Market in 2027?
- What are the key factors driving the global Telemedicine Market?
- Who are the key manufacturers in Telemedicine Market space?
- What are the market opportunities, market risk and market overview of the Telemedicine Global market?
- What are sales, revenue, and price analysis of top manufacturers of Telemedicine Global market?
- What are sales, revenue, and price analysis by types and applications of Telemedicine Market?
- What are sales, revenue, and price analysis by regions of Telemedicine market?
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Table of Content:
- Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1 Key Industry Developments – Merger, Acquisitions, and Partnerships
4.2 Technological Developments
4.3 Porter’s Five Forces Analysis
4.4 SWOT Analysis
4.5 Impact of COVID-19
5 North America Telemedicine by Country
5.1 North America Telemedicine Sales, Revenue and Market Share by Country
5.1.1 North America Telemedicine Sales and Market Share by Country (2020-2027)
5.1.2 North America Telemedicine Revenue and Market Share by Country (2020-2027)
5.2 United States Telemedicine Sales and Growth Rate (2020-2027)
5.3 Canada Telemedicine Sales and Growth Rate (2020-2027)
5.4 Mexico Telemedicine Sales and Growth Rate (2020-2027)
8 South America Telemedicine by Country
8.1 South America Telemedicine Sales, Revenue and Market Share by Country
8.1.1 South America Telemedicine Sales and Market Share by Country (2020-2027)
8.1.2 South America Telemedicine Revenue and Market Share by Country (2020-2027)
8.2 Brazil Telemedicine Sales and Growth Rate (2020-2027)
8.3 Argentina Telemedicine Sales and Growth Rate (2020-2027)
8.4 Colombia Telemedicine Sales and Growth Rate (2020-2027)
9 Middle East and Africa Telemedicine by Countries
9.1 Middle East and Africa Telemedicine Sales, Revenue and Market Share by Country
9.1.1 Middle East and Africa Telemedicine Sales and Market Share by Country (2020-2027)
9.1.2 Middle East and Africa Telemedicine Revenue and Market Share by Country (2020-2027)
9.2 Saudi Arabia Telemedicine Sales and Growth Rate (2020-2027)
9.3 Turkey Telemedicine Sales and Growth Rate (2020-2027)
9.4 Egypt Telemedicine Sales and Growth Rate (2020-2027)
9.5 Nigeria Telemedicine Sales and Growth Rate (2020-2027)
10 Telemedicine Market In Developing Countries
11 South America Telemedicine Market Analysis by Countries
12 Competitive Landscape
13 Industry Outlook
13.1 Market Driver Analysis
13.1.2 Market Restraints Analysis
13.1.3 Market Trends Analysis
13.2 Merger, Acquisition and New Investment
13.3 News of Product Release
14 Global Telemedicine Market Forecast
15 New Project Feasibility Analysis
15.1 Industry Barriers and New Entrants SWOT Analysis
15.1.1 Porter’s Five Forces Analysis
15.1.2 New Entrants SWOT Analysis
15.2 Analysis and Suggestions on New Project Investment
Continued…
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