The Global Telemedicine Services Market Report by The Business Research Company covers telemedicine services market drivers and restraints, telemedicine services market size, major players, and the impact of COVID-19 on the telemedicine services market.
The telemedicine services market consists of sale of telemedicine services and related products. Telemedicine services are healthcare services provided via video chats, phone calls, and text messages. Patients can use telemedicine for physical examinations as well as to ask questions regarding health concerns. Telemedicine services are offered by healthcare professionals via various information and communication technologies with the aim of exchanging valid information for the diagnosis, treatment and prevention of diseases and injuries in patients where distance is a critical factor.
The global telemedicine services market reached a value of nearly $49.90 billion in 2019, having increased at a compound annual growth rate (CAGR) of 22.5% since 2015. The market is expected to grow from $49.90 billion in 2019 to $ 194.05 billion in 2023 at a rate of 40.4%. The growth is mainly due to the increase in demand for telemedicine services during the pandemic and government initiatives. The market is expected to grow from $194.05 billion in 2023 to $ 277.93 billion in 2025 at a CAGR of 19.7%. The market is expected to grow and reach $459.80 billion in 2030 at a CAGR of 10.6%.
Government initiatives for the development of telemedicine services drove the market. Governments worldwide are focusing on the development of the telemedicine services due to their cost-effective nature and to provide healthcare services to people living in remote locations.
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Some telemedicine services market trends include the implementation and integration of the internet of things (IoT) with telemedicine can play a major role in the real-time health monitoring of patients and integration and implementation of artificial intelligence (AI) to provide automated interaction with the patient during critical times or when the doctors are not available.
Global telemedicine services market segments include:
1) By Technology Outlook: Real Time, Store And Foreward
2) By Application: Telecardiology, Telepsychiatry, Teledermatology, Teleradiology, Telepathology
3) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Telemedicine Services Global Market Report 2021: COVID-19 Growth and Change is one of a series of new reports from The Business Research Company that provides telemedicine services market overviews, analyzes and forecasts market size, share, telemedicine services market players, telemedicine services market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The telemedicine services identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Telemedicine Services Global Market Report 2021: COVID-19 Growth and Change from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Teladoc Health Inc., Doctolib, Doctor on Demand, Amwell (American Well), MDLIVE Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Telemedicine Services Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Telemedicine Services Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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