The telemedicine market was valued at US$ 51,094.75 million in 2020 and is projected to reach US$ 199,544.64 million by 2028; it is expected to grow at a CAGR of 18.6% during 2021–2028.
The rising incidence of chronic diseases is a global concern, and these diseases cause extra financial burden on healthcare sectors. Telehomecare is a pioneering way to provide care, monitor patients, and transmit information by using latest telecommunication technologies. Monitoring allows early-stage identification of disease, thus preventing chronic disease conditions. Telehome systems can be used to track and support patients with a variety of respiratory and chronic conditions that can be treated without the need of hospital visits. Furthermore, telehome services could also help reduce communications in person and lower the spread of communicable diseases.
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Top Leading companies like
Allscripts Healthcare Solutions, Inc.
Amd Global Telemedicine, Inc.
American Well Corporation
Biotelemetry, Inc. (Philips)
Cisco Systems, Inc.
Eagle Telemedicine Solutions Llc
Koninklijke Philips N.V
Honeywell International, Inc.
The implementation of telehome services also benefits patients economically and lowers the burden on physicians. According to the World Health Organization (WHO), chronic diseases are the leading causes of death worldwide, accounting for 60% of total deaths. Among all chronic diseases, cardiovascular diseases (CVDs) are the leading cause of deaths. The prevalence of chronic diseases such as cancer, CVDs, stroke, respiratory diseases, and diabetes is increasing due to alterations in lifestyle and lack of access to preventive care. The causes of chronic diseases may vary from genetic disposition to environmental factors and oxidative stress. The rising incidence of these chronic diseases is propelling the demand and adoption of telemedicine platforms.
Report Introduction, Overview, and In-depth industry analysis
150+ Pages Research Report
Includes List of table & figures
Regional Analysis with Graphical Representation of Size, Share & Trends
Provide Chapter-wise guidance on Request
Facts and Factors research methodology
Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
The Telemedicine market is segmented on the basis of service type and end user. Based on service type, the market is segmented as retirement communities, group care homes, nursing care facilities, and home health care providers. On the basis of end user, the market is categorized as male nursing care and female nursing care.
The report is a combination of qualitative and quantitative analysis of the Telemedicine industry. The global market majorly considers five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America (SACM). The report also focuses on the exhaustive PEST analysis and extensive market dynamics during the forecast period.
Reason to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Telemedicine market.
Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
The key findings and recommendations highlight crucial progressive industry trends in the Telemedicine market, thereby allowing players to develop effective long term strategies in order to garner their market revenue.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
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