Global Telemedicine Market and Revenue Analysis Insights by Latest Trends, Top Key Players, Future Growth, Revenue and Demand Forecast (2021-2026)

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

Telemedicine is the practice of distributing health-related services and information through telecommunication technology that helps take care of the patient remotely when the patient and medical professionals are not physically present with each other.

According to the MarkNtel Advisors’ research report, “Global Telemedicine Market Analysis, 2021,” the market is likely to grow at a CAGR of around 18% during 2021-26 due to the continuously growing healthcare system, bolstering awareness among individuals regarding teleconsulting services, and extensive usage of mobile phones, the internet, and computers. Further, the rising healthcare costs, the surge in technological innovations, and mounting remote patient monitoring are the major factors driving the growth of the telemedicine market across the world.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Telemedicine Market and Revenue Analysis Insights by Latest Trends, Top Key Players, Future Growth, Revenue and Demand Forecast (2021-2026)

Impact of COVID-19
The outbreak of the COVID-19 pandemic has positively affected the growth of the global telemedicine market. The social distancing measures and the need for isolation amidst the spread of coronavirus have been a convenient motivation for the Global Telemedicine market growth. The restriction on in-person visits to clinics & hospitals further encouraged the demand for telemedicine-based consultation.

Tele-monitoring Accounted for the Largest Market Share
Based on services, the market segments are Tele-Training, Tele-Consultation, Tele-Monitoring, Tele-Surgery, Asynchronous (Store-and-Forward). Among these segments, Telemonitoring acquired the largest share in the global telemedicine market in the previous few years due to the rising prevalence of chronic diseases and the growing geriatric population requiring home assistance.

Further, the utilization of telemonitoring by healthcare providers to manage patient’s health leads to a reduction in the readmission rate. Thus, this contributes to propel the overall growth of the telemedicine market, reveals MarkNtel Advisors in their research report, “Global Telemedicine Market Analysis, 2021.”

Cloud-Based model acquires the Largest Share in the Global Telemedicine Market.
The Cloud-based model is more common in developed economies due to the high acceptance of advanced technologies. Cloud-based models are deployed for cost-cutting reasons and are easily accessible. However, there is a significant risk of data loss and other security issues by using on-premise models.

North America Grabbed the Highest Market Share
Region-wise, North America has held the largest share in the global telemedicine market in 2019 and is likely to retain its dominance during the forecast period due to rising awareness among consumers regarding developments in the healthcare sector and the acceptance of cloud-based technologies. Moreover, rapid adoption of the latest technologies, the increasing prevalence of chronic diseases among individuals, and mounting R&D initiatives are a few other factors contributing to the market growth.

Reduced Healthcare costs likely to boost the market Growth
The rising prevalence of chronic diseases leads to increased expenditure on curing the disease, thereby resulting in a significant rise in healthcare costs. The adoption of digital technologies & telemedicine services further reduces the burden of medical professionals, enabling them to offer services at low cost; the need for establishing full furnished physical clinics gets eliminated.

Competitive Landscape
According to MarkNtel Advisors, the major leading players in the global Telemedicine market are GE, AMD Global, Allscripts Healthcare Solutions, Resideo Technologies, Aerotel Medical Systems, Philips, Medtronic, McKesson Corp, SHL Telemedicine, Polycom, InTouch Technologies.

Key Questions Answered in the Market Research Report:
1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Telemedicine Market?
2. What is the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Telemedicine Market?

TABLE OF CONTENT

1. Introduction
1.1. Market Segmentation
1.2. Product Definition
1.3. Research Process
1.4. Assumptions
2. Executive Summary
3. Global Market Overview
4. Global Telemedicine Startup Ecosystem
4.1. Prominent Start-Ups & Their Businesses
4.2. Leading Investors
4.3. Funding Details

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