Jan 19, 2022 / IndustryNewsGlobal / The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Telemedicine Market.

It was estimated prior to this unanticipated outbreak  that the Telemedicine Market was expected to grow at a CAGR of 19.5% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate .

Telemedicine Is A Technology Where Electronic Communication Is Used To Provide Medical Services To Patients Located In Remote Locations. It Overcomes The It Makes Health Services More Interconnect, Primarily In Isolated Rural Areas Where Medical Care Is Not Available Consistently Due To The Location . Monitoring services in developing countries, growing patient pool in remote locations, rising medical tourism activities, and surging prevalence of chronic and lifestyle-associated diseases are some of the factors augmenting the market growth.

• Also, favorable government initiatives. Designed at increasing the implementation of telemedicine at a hospital and clinic level to optimize the healthcare facility further boosts the industry growth.
• However, a lack of knowledge and trust in the developing markets will further impede market expansion.

Based on service, the global telemedicine market (tele-home and tele-hospital market) has been segmented into tele-consulting, telemonitoring, tele-education / training.

• Among these, the tele-consulting segment witnessed the largest market share of almost 40% in 2020 and is likely to register a healthy CAGR during the review period.
• This is mainly ascribed rising growth of tele-consulting service due to a large number of self-quarantined population at homes during the COVID-19 pandemic, thereby bolstering the segment growth.

By region, the North American market accounted for the largest market share in 2020 and is estimated to grow at a steady CAGR during the forecast timeline. This can be attributed to the rising prevalence of chronic and lifestyle-associated diseases, the growing geriatric population,

Key Players:
Key players operating in the global Telemedicine market are-

• Allscripts Healthcare Solutions Inc. (The US),
• AMD Global Telemedicine (The US),
• American Well (The US),
• BioTelemetry (The US),
• Blue Sky Telehealth (The US),
• Cerner Corporation (The US),
• Cisco Systems (The US),
• Eagle Telemedicine (The US),
• Honeywell International Inc. (The US), and
• InSight (The US). 

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry operators and validation and triangulation with Stratview Research's internal database and statistical tools.
The Telemedicine analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Know more about Stratview Research:
Stratview Research is a global market research company and is known to offer custom research reports in varied fields such as aerospace & Defense, Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. Our team makes sure to have deep research about the topics so that the most useful insights can be delivered to the professionals.
Need a detailed report? Get in touch with us:
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: + 1-313-307-4176