Global Telemedicine Market (2020 to 2025) – by Type, Component, Mode of Delivery and Geography – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Telemedicine Market (2020-2025) by Type, Component, Mode of Delivery, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Telemedicine Market is estimated to be USD 48.5 Bn in 2020 and is expected to reach USD 120.7 Bn by 2025, growing at a CAGR of 20%.
Various factors such as the low accessibility to healthcare, Increasing adoption of electronic health record (EHR)/ electronic medical record (EMR), and rising chronic diseases have led to telemedicine adoption. The market is witnessing growth due to the increasing geriatric population, rising healthcare expenditure, growing need for remote patient monitoring services, expanding medical tourism industry, and increasing Government grants.
Factors such as data privacy issues restrict the growth of this market. The high cost of implementing telemedicine systems, the need for telemedicine training, and stringent government regulations about telemedicine are estimated to limit market growth during the forecast period.
Market Dynamics
Drivers
- Low Accessibility to Healthcare Facilities
- Enabling Remote Patient Monitoring
- Increasing Use of Smartphones
- Growing Burden of Chronic Diseases
- The Ability of Telemedicine to Reduce Healthcare Cost
Restraints
- Legal and Reimbursement Issues
- High Initial Capital Requirements and Lack of Physician Support
- Lack of Healthcare Infrastructure and Value Evidence
- Resistance to Technology Acceptance due to Data Privacy and Safety Issues
Opportunities
- Increase in Covid-19 Cases
- Increasing Technological Innovations
- The Rise in Personal Emergency Response Systems (Pers)
Trends
- Increasing Number of Retail Clinics and Employer Onsite Health Centers
- The Emergence of Remote Clinical Enterprises
Why buy this report?
- The report offers a comprehensive evaluation of the Global Telemedicine Market.
- The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
- The report also contains a competitive analysis using Positioning Quadrants, a Proprietary competitive positioning tool.
Report Highlights:
- A complete analysis of the market including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Companies Mentioned
- Aerotel Medical Systems (1998) Ltd
- Allscripts Healthcare Solutions Inc.
- AMD Global Telemedicine Inc.
- Biotelemetry
- Resideo Technologies Inc. (Honeywell Life Care Solutions)
- InTouch Technologies Inc.
- Koninklijke Philips NV
- Medtronic PLC
- SHL Telemedicine
- Teladoc
- Doctor on Demand
- iCliniq
- IBM
- Intel Corporation
- Philips Healthcare
- McKesson Corporation
- GE Healthcare
- CardioNet Inc
- 3M Health Information Systems
- Medic4all
- CirrusMD Inc.
- Cisco
- American Telecare Inc.
- Cerner Corporation
- Medtronic Inc
For more information about this report visit https://www.researchandmarkets.com/r/m50i2w
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