Market Research Report
Global Telemedicine Market: Analysis By Specialties (Teledermatology, Teleradiology, Telepsychiatry, Others), By Component, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)
|Published by||Azoth Analytics||Product code||945435|
|Published||Content info||178 Pages
Delivery time: 2-3 business days
|Global Telemedicine Market: Analysis By Specialties (Teledermatology, Teleradiology, Telepsychiatry, Others), By Component, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)|
|Published: June 30, 2020||Content info: 178 Pages||
The Global Telemedicine Market was valued at USD 30.7 billion in the year 2019. With the increasing aging population and prevalence of chronic diseases, there is an increasing need for finding new ways to improve patient outcomes, which increase access to care and reduce the cost of medical care as well. Moreover, the growing awareness and acceptance of remote monitoring solutions and increasing technological advancement in telecommunication is the key factor responsible for the burgeoning demand for telemedicine services globally. The Coivd-19 pandemic has rapidly accelerated the telemedicine market with telehealth replacing healthcare visit.
Telemedicine is rapidly transforming the healthcare industry, and in the next few years, it is expected to become the most accepted and used method of diagnosis and prescription. The growth of the market is likely to be driven by increasing adoption of telemedicine, rising incidences of chronic diseases, growing geriatric population, government initiatives, and shortage of physicians amongst others.
Advancements in medical digital technology, rapid interpretation of images in an emergency situation remotely, and rise in the number of chronic diseases such as congestive heart failure, orthopedic injuries, and others are some of the key trends driving the market growth. Additionally, upgraded IT infrastructure and increase in healthcare expenditure also expected to augment the market growth. The advent of low power consuming, wireless, and portable x-ray technologies are expected to provide numerous opportunities for market growth during the forecast period.
North America is the leading region in global telemedicine market, which holds a major market share in the year 2019. Due to the increasing use of the internet, North America accounts for a significant share over the forecast period, and the adoption of smart devices is the major factor that helps the telemedicine market to grow.
List of Tables:
Table A: Digital Health- Top Venture capital funding Rounds in Q1 2020
Table B: Top 5 digital health M&A transactions in Q1 2020 by disclosed amount