The global telemedicine market was valued at USD 60.8 billion in 2022 and it is anticipated to grow up to USD 94.5 billion by 2032, at a CAGR of 4.5% during the forecast period.
Download Free Sample of Report – https://www.globalinsightservices.com/request-sample/GIS10073/?utm_id=1017
Telemedicine, also known as telehealth or e-medicine, is the remote delivery of healthcare services via telecommunications infrastructure, such as exams and consultations. According to recent research, 90% of organisations have already started or implemented telemedicine programmes. Even small, independent medical practises are beginning to embrace telemedicine in order to compete with local retail clinics and stop losing patients.
Market Trends and Drivers
Surging prevalence of chronic diseases and cost-benefits of telemedicine will propel the market expansion. For instance, according to the US CDC, chronic diseases are major causes of death and disability globally and are strong contributors to the rise in annual healthcare expenditures. The management of chronic diseases requires constant monitoring and therapy to slow their progress. Telehealth and telemedicine, especially remote patient monitoring (RPM)/tele-homecare, are capable of improving patient self-management, medication compliance, clinical outcomes, and patient & provider satisfaction while reducing emergency room visits, hospital admissions, primary care utilization, long-term care, home admissions, and patient travel costs. These advantages are driving the demand for telehealth among end-users.
Market Restraints and Challenges
Healthcare fraud is an important factor to consider in telehealth and telemedicine practises. A patient or a physician can be victimised in a variety of ways, such as when the physician’s name and accounts are used to receive payments from the insurance company, or when non-eligible or non-listed institutional providers practise improper coding and billing for false claims. Such fraudulent activities can erode trust and credibility in telehealth and telemedicine services. Victimized patients also have a tendency to share their negative experiences in the media, which affects many new entrants, limiting market growth.
Report Overview- https://www.globalinsightservices.com/reports/telemedicine-market
Major Players in the Global Telemedicine Market
The key players in the market are Koninklijke Philips (Netherlands), Medtronic (Ireland), GE Healthcare (US), Cerner Corporation (US), Siemens Healthineers (Germany), Cisco Systems (US), Asahi Kasei Corporation (Japan), Teladoc Health (US), American Well (US), and AMC Health (US), among other.
COVID-19 Impact
The COVID-19 pandemic had a significant impact on the global telemedicine market. It can be expected that the pandemic will expedite the adoption of telemedicine. Companies are already witnessing a surge in the number of telemedicine visits with some companies reporting a significant spike in the demand for video consultations since the COVID-19 pandemic. Moreover, doctors are adopting telemedicine to ensure social distancing and limit their risk of exposure to the infected patients. This has led to a growing number of patients using telemedicine for consultations
Get a customized scope to match your need, ask an expert – https://www.globalinsightservices.com/request-customization/GIS10073/?utm_id=1017
Global Telemedicine Market Segmentation
Service
- Tele-consulting
- Tele-monitoring
- Tele-education/training
- Others
Type
- Tele-hospital
- Tele-home
Specialty
- Cardiology
- Gynaecology
- Neurology
- Orthopaedics
- Dermatology
- Mental health
- Others
Delivery Mode
- Web/Mobile
- Call centers
Buy Now – https://www.globalinsightservices.com/inquiry-before-buying/GIS10073/?utm_id=1017
With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/