Telemedicine Market – Opportunities & Forecast, 2020-2027

The GMI Research’s market research report is a professional and in-depth study on the current state of the market, which covers numerous aspects of the industry, such as the market size, market status, market trends, and forecast. The market report also offers brief information related to the competitors and the specific growth opportunities with key market drivers.

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The Telemedicine Market drivers and trends are as follows:

The key factors driving the growth of telemedicine market include the increasing geriatric population, growing prevalence of chronic diseases, enhancements in telecommunication infrastructure, and the lack of healthcare professionals around the world. Moreover, requirement for affordable treatment options and procedures owing to rising healthcare costs are certain factors that are projected to surge the growth of telemedicine market during the forecast period. Furthermore, exponential growth and increase in the development of the telecommunication sector, followed by high disposable income are assumed to account for the growth in healthcare expenditure in the upcoming years. Telemedicine also aids in decreasing emergency room visits and hospitalization rates, which is a major factor bolstering market growth.

Need to connect and help patients in the remote areas is presumed to further propel the market growth during the forecast period. On the other hand, massive infrastructure cost and initial investment regarding telemedicine industry are projected to hamper the industry growth in the upcoming years. Data security concerns related to the leak of sensitive patient’s health information are anticipated to have an adverse influence on the market growth. Some of the major factors restraining the growth of telemedicine market include limitation of skilled and trained professionals in the remote areas, privacy and security concern and lack of availability of telecommunications bandwidth.

Key Benefits of the Report:

• This report offers an analytical depiction of the telemedicine market while providing the current trends and future estimations to determine the imminent investment pockets.
• This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the telemedicine market share.
• The report also provides a detailed telemedicine market analysis based on competitive intensity and how the competition will take shape over the next six years.

Various companies covered in the Telemedicine Market report:

• McKesson Corporation
• Philips Healthcare
• GE Healthcare Ltd
• IBM
• Cerner Corporation
• AMD Global Telemedicine, Inc
• Cisco Systems, Inc
• Honeywell Life Care Solutions
• Medtronic Plc
• Aerotel Medical Systems

Segmentation of the Telemedicine Market:

Breakup by Component Type:

• Hardware
• Medical Devices
• Monitors
• Others
• Software
• Integrated
• Others
• Services
• Store and Forward
• Telenursing
• Others (Tele monitoring etc)
• Telecom and Networking

Breakup by Speciality:

• Teleradiology
• Telecardiology
• Telepsychiatry
• Others (Telepathology and Teledermatology)

Breakup by End-User:

• Telehospitals and teleclinics
• Telehome

Breakup by Region:

• North America
  • United States of America
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of the world (remaining countries of the LAMEA region)

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