Telemedicine Market By Deployment, Capability, Equipment and End User Analysis by 2025
The global telemedicine market is expected to surge at a phenomenal pace in the coming years as lines between reality and virtuality merge. The growing demand for consultations in remote areas of the world due to improving awareness is expected to fuel the telemedicine market. According to Fairfield Market Research, the global telemedicine market is expected to register a CAGR of 19% between the forecast years of 2021 and 2025. Analysts estimate that the market will reach a valuation of US$152.1 Bn by 2025 from US$82.7 Bn in 2020. The adoption of telehealth services in developing countries is expected to fuel the growth of the global market.
𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲 𝘁𝗼 𝗴𝗲𝘁 𝗙𝗨𝗟𝗟 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.fairfieldmarketresearch.com/report/telemedicine-market/request-sample
Access to Technology
to Improve Scope for Global Telemedicine Market
Advancements in remote
patient monitoring technology is expected to bode well for the global
telemedicine market in the coming years. Connected medical devices such as
automatic insulin pumps, digital blood pressure monitors, and heart rate
monitors are all expected to have a positive impact on the global market.
Integration of telehealth services in the existing healthcare system is
anticipated to create myriad opportunities. Healthcare applications,
smartphones, access to the internet, and artificial intelligence will
collectively be an excellent scope for the global telemedicine market during
the forecast period.
Teleradiology Emerges
as Leading Segment in Global Telemedicine Market
Teleradiology is expected to
dominate the global telemedicine market in the coming years. The technology is
expected to hold lion’s share due to its high adoption of picture archiving and
communication systems (PACS). The segment is also expected to move ahead as research
and development activities gain momentum. Growing need for transmission of
radiological images and its related data for consulting purposes as healthcare
reaches rural areas is expected to give the teleradiology segment a boost.
U.S. to Pave the Way
for Global Telemedicine Market
The research report predicts
that North America will lead the global telemedicine market. Growing consumer
preference, improved reimbursement policies, and the strong presence of key
players will ensure the market finds lucrative opportunities. The demand for
telemedicine will also be driven by the higher adoption of technology by end
users.
The American Telemedicine
Association (ATA) reports that there are 200 networked telemedicine programs
across U.S. This is boosting access to telemedicine in 3000 and more rural
areas. Furthermore, Medicaid programs in about 46 states cover live videos
while facility and transmission fee is covered in 26 states through Medicaid
programs.
The report also states that
Asia Pacific holds tremendous potential for telemedicine solutions to pace
ahead as rural areas are gaining access to the internet, education, and
improvement in the adoption of technology via smartphones.
Some of the leading players
operating in the global telemedicine market are AMD Global Telemedicine,
Allscripts Healthcare Solutions Inc, Specialist Telemed, BioTelemetry, American
Well, Blue Sky Telehealth, Cerner Corporation, Cisco Systems, McKesson
Corporation, Honeywell International Inc, iCLiniq, InSight, Koninklijke Philips
N.V., MDLive, MeMD, InTouch Technologies, OBS Medical, Polycom Inc., SOC
Telemed, Teladoc Health, Doctolib, Eagle Telemedicine, and VirTrial, LLC.
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