Telemedicine Market 2019: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2024

(The Express Wire via Comtex)

Telemedicine Market share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

Telemedicine Market “research report highlights existing dynamics and growths during the forecast period 2019-2024. The report incorporates detailed analysis of the market development drivers as well as the preventing factors in the Telemedicine market. The scope of the report covers an extensive estimation pertaining to the winning essentials and participant schemes through a presentation of the segmentation of market in the report.

Following Companies Are Covered by Telemedicine Market

  • Aerotel Medical Systems
  • AMD Global Telemedicine Inc.
  • BioTelemetry
  • Honeywell Life Care Solutions
  • InTouch Technologies Inc.
  • Medtronic
  • Philips
  • SHL Telemedicine Ltd
  • Allscripts Healthcare Solutions Inc.

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Market Overview:

  • The global telemedicine market was valued at USD 38,046 million in 2018, and it is estimated to be valued at USD 103,897.77 million in 2024, witnessing a CAGR of 18.23%. Certain factors that are driving the market growth include increasing medicare reimbursement for telehealth services, increasing prevalence of chronic diseases, and technological innovation in communication technology across the world
  • Medicine these days is increasingly dependent on technology. The use of technology to transfer large amounts of digital information effortlessly at a relatively low cost is possible through telemedicine. With telemedicine, healthcare experts can listen to a patient's heart remotely, look at and operate an electrocardiogram (ECG), X-rays, computed tomography (CT) scans, and other imaging data, obtained from several hundred miles away.
  • Many innovative strategies have provided consumers with insights into their own health. Recent advancements in the use of sensor technology and data capture have created opportunities for patients to conduct their own home-health check. The equipment to support telemedicine can be accessed using everyday technology, such as tablets, mobiles, and laptops. Hence, these technological innovations are driving the telemedicine market.

Scope of the Report:

  • As per the , telemedicine services and systems have made the most progress in remote management of post-acute care patients with chronic conditions. Telemedicine is the remote delivery of healthcare services, such as consultations over the telecommunication or teleconference, which allows healthcare professionals to evaluate, diagnose, and treat patients.

Why there is Need of Telemedicine Market Research?

  • To determine trades anticipation, consumption trend, and need of market.
  • To keep up competitiveness over applicants performing in the Telemedicine market.
  • To get detailed knowledge of the market which helps in terms of decision- making.
  • To advance insight into industrial, social, methodological, and legal aspects of the market.
  • To perceive the detailed market size derived by analyzing upward and downward moment of Telemedicine market trends.
  • To get knowledge of worldwide marketplaces and their leveling trading environments, effectiveness, and inclinations.

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Key Market Trends:

On-premise Delivery is Expected to Dominate the Telemedicine Market

The on-premise delivery segment of the telemedicine market is believed to have largest market size and is expected to witness a CAGR of 16.7% during the forecast period.

Along with that, telecardiology, a sub-segment of clinical service, is expected to have the largest market size during the forecast period and is expected to register a CAGR of 18.4%. Telecardiology is gradually started to increase in emerging markets. It provides all kinds of cardiac investigations, like basic lipid profile (cholesterol levels), electrocardiogram (ECG), echocardiogram (ECHO), coronary angiogram, Holter monitor (24 Hours ambulatory ECG monitoring), stress echo, pediatric echo, treadmill testing (TMT), carotid ultrasounds, etc.

Apart from reaching to patients directly, telecardiology services are useful in improving the efficiency in cardiac units of hospitals and medical imaging practices. With the number of cardiac patients increasing every day, remote monitoring helps in cost saving, up to around 50%, including improved patient satisfaction and quality of life, when compared to traditional outpatient care.

North America is Expected to Dominate the Market

North America currently dominates the market for telemedicine and is expected to continue its stronghold for a few more years. This region is expected to increase its market share in the future, owing to the increased adoption of telemedicine and rising demand for mobile health services. The United States holds the majority of the market in the North American region, due to the involvement of accountable care organizations (ACOs) in both medicare and privately insured services. In addition, there is a rise in per capita health expenditure in the country, which is expected to increase over the forecast period, owing to decrease in the unemployment rate.

Reasons to Purchase this Report

  • How the developing pattern towards maintainability goes about as a driver to the worldwide Telemedicine market situation?
  • Analyzing different points of view of the market with the assistance of Porter's five powers investigation
  • Which solutions and end-user vertical is predictable to overlook the Telemedicine market?
  • Which regions are relied upon to observe the fastest development during the prediction period?
  • Identify the most recent advancements, market shares and strategies utilized by the significant market players.

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Detailed TOC of Telemedicine Market Report 2019-2024:

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Chronic Diseases
4.2.2 Growing Medicare Reimbursement for Telehealth Services
4.2.3 Technological Innovation in Communication Technology
4.3 Market Restraints
4.3.1 Privacy and Security Concerns in Telehealth
4.3.2 Lack of Interoperability Between eHealth Solutions
4.3.3 Inadequate or Fragmented Legal Frameworks Including the Lack of Reimbursement Schemes for eHealth Services
4.4 Industry Attractiveness of Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Telehospitals
5.1.2 Telehomes
5.1.3 mHealth (Mobile Health)
5.2 By Clinical Service
5.2.1 Teleconsultation
5.2.2 Telepathology
5.2.3 Telecardiology
5.2.4 Telesurgery
5.2.5 Teleradiology
5.2.6 Teledermatology
5.2.7 Telepsychiatry
5.2.8 Other Clinical Services
5.3 By Technology
5.3.1 Hardware
5.3.2 Software
5.3.3 Telecom
5.4 By Mode of Delivery
5.4.1 On-premise Delivery
5.4.2 Cloud-based Delivery
5.5 Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.1.3 Mexico
5.5.2 Europe
5.5.2.1 United Kingdom
5.5.2.2 Germany
5.5.2.3 France
5.5.2.4 Italy
5.5.2.5 Spain
5.5.2.6 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 China
5.5.3.2 Japan
5.5.3.3 India
5.5.3.4 Australia
5.5.3.5 South Korea
5.5.3.6 Rest of Asia-Pacific
5.5.4 Middle East and Africa
5.5.4.1 GCC
5.5.4.2 South Africa
5.5.4.3 Rest of Middle East and Africa
5.5.5 South America
5.5.5.1 Brazil
5.5.5.2 Argentina
5.5.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Aerotel Medical Systems
6.1.2 AMD Global Telemedicine Inc.
6.1.3 BioTelemetry
6.1.4 Honeywell Life Care Solutions
6.1.5 InTouch Technologies Inc.
6.1.6 Medtronic
6.1.7 Philips
6.1.8 SHL Telemedicine Ltd
6.1.9 Allscripts Healthcare Solutions Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Contact Us:

Name: Ajay More

Phone: US +14242530807/ UK +44 20 3239 8187

Email: [email protected]

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Telemedicine Market 2019: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2024