Key Prominent Players Covered in the Telemedicine Market Research Report Are American Well, GlobalMed, Teladoc Health, Inc., MeMD, InTouch Technologies, Inc., Doctor On Demand, Inc., MDLIVE Inc., Encounter Telemedicine, 2nd.MD, SnapMD, Inc. and other key market players.
Pune, India, Nov. 19, 2020 (GLOBE NEWSWIRE) -- As per the report, the global telemedicine market size was valued at US$ 34,289.2 Mn in the year 2018 and is anticipated to reach US$ 185,669.6 Mn by 2026. The analysts stated that technological developments in telemedicine products would make healthcare more accessible and affordable to all. Spurred by this, the telemedicine market growth is likely to increase in the forthcoming years.
The global telemedicine market is highly competitive and is likely to witness the entry of new players, besides the launch of new products. Recently in May 2019, a telemedicine company called CirrusMD Inc. raised around US$ 15 million by Drive Capital. The company aims to offer seamless communication between patients and doctors online. Rapid advancements in information and communication technology ( ICT ) has revolutionized the healthcare industry.
Key Industry Developments:
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/telemedicine-market-101067
Teleradiology to Cover Leading Share Among Application Segments
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 segment.
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.
Healthcare providers are increasingly adopting Picture Archiving and Communication System or PACS. This system securely stores and transmits electronic images from anywhere in the world. It enables easy transmission of images with the help of Electronic Health Records (EHR).
To get to know more about the short-term and long-term impacts of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/telemedicine-market-101067
Active Government Support Catapults North America Market to the Fore
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.
Apart from North America, Europe is also expected to grow considerably primarily on account of increasing technological advancements in telecommunications. In addition to this, increasing start-up funding is expected to help the market expand in Europe. Increasing geriatric and rural population are factors attributable to the growth of the market in Asia Pacific.
Quick Buy - Telemedicine Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/101067
Comcast and Independence Health Group’s Partnership to Improve Delivery Experience Between Patients and Providers
Companies such as GlobalMed, InTouch Technologies, Inc., MeMD, MDLIVE Inc., 2nd.MD, Encounter Telemedicine, and SnapMD, Inc. are functioning in the global telemedicine market. However, some companies such as American Well, Doctor On Demand, and Teladoc Health are leading the market.
This is predominantly attributable to their strong customer reach and an increasing number of online consultation. These companies are continuously focusing on collaborations, acquisitions, and other strategies to increase their market share. For instance, InTouch Health launched a virtual care platform called Solo in April 2019.
This platform is a fully integrated end-to-end platform, accommodates multiple settings, and can be used by any user. In the same year, Comcast partnered with Independence Health Group to develop a new communication platform enabled with patient-centered technology. This platform aims to enhance the overall efficiency and experience of patients and healthcare providers.
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/telemedicine-market-101067
Telemedicine Market Players:
Global Telemedicine Market Segmentation:
By Type
• Products
• Services
By Application
• Teleradiology
• Telepathology
• Teledermatology
• Telepsychiatry
• Telecardiology
• Others
By Modality
• Store-and-forward (Asynchronous)
• Real-time (Synchronous)
• Others
By End User
• Healthcare Facilities
• Homecare
By Geography
• 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 & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/telemedicine-market-101067
SECONDARY DATA SOURCES THAT WE REFER TO:
SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:
Have a Look at Related Reports:
Dialysis Equipment Market Share and Global Trend By Dialysis Equipment Type (Hemodialysis Equipment, Peritoneal Dialysis Equipment), By End User (Dialysis Centers and Hospitals, Home Healthcare) and Geography Forecast till 2026
Telemedicine Market Share and Global Trend By Type (Products, Services), By Application (Teleradiology, Telepathology, Teledermatology, Telepsychiatry, Telecardiology, Others), By Modality (Store-and-forward (Asynchronous) , Real-time (Synchronous), Others) and Geography Forecast till 2026
Vitiligo Treatment Market Share and Global Trend By Treatment (Topical Treatment, Light Therapy, Surgical Procedures, Others), By Disease Type (Nonsegmental Vitiligo, Segmental Vitiligo), By End User (Hospitals, Aesthetic Clinics, Others) and Geography Forecast till 2026
Point of Care (POC) Diagnostics Market Share and Global Trend By Product (Blood Glucose Monitoring, Infectious Diseases, Cardiometabolic Diseases, Pregnancy and Fertility Testing Products, Hematology Testing Products, Others), By End User (Hospitals Bedside, Physician’s Office Lab, Urgent Care & Retail Clinics, Home and Self Testing) and Geography Forecast till 2026
Psoriatic Arthritis Treatment Market Share and Global Trend By Drug Class (Non-steroidal Anti-inflammatory Drugs (NSAIDS), Non-biologic Disease Modifying Anti-Rheumatic Drugs (DMARDs), Biologic Disease Modifying Anti-Rheumatic Drugs (DMARDs), Others), By Route of Administration (Oral, Parenteral, Topical), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online pharmacies) and Geography Forecast till 2026
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Press Release: https://www.fortunebusinessinsights.com/press-release/telemedicine-market-9214