Telemedicine Market Key Insights Based on Product Type, End-Use and Regional Demand Till 2020-2027

The GMI Research forecasts that the telemedicine market is witnessing an upsurge in demand during the forecast period. This is mainly due to decreased diagnosis, enhanced clinical management, and efficient care delivery by enhancing quality.

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Top Manufacturers in the Telemedicine Market:

  • AMD Global Telemedicine
  • Allscripts Healthcare, LLC
  • BioTelemetry, Inc.
  • American Well
  • Blue Sky Telehealth
  • Cisco Systems
  • Cerner Corporation
  • Honeywell International Inc.
  • Teladoc Health, Inc.

Telemedicine Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The decreased variations in diagnosis enhanced clinical management and efficient care delivery by enhancing quality and access to healthcare services are the major factors surging the growth of the global telemedicine market size. Telemedicine is one of the most efficient technology in delivering health care, health education at a distance, and health information. Additionally, various technological advancements in the telemedicine industry have led to an upsurge in access to remote areas. For example, as per the telemedicine growth statistics, in 2020, AMD Global Telemedicine introduced Direct Health, a new virtual portal to simplify the process of informing patients about their COVID-19 results. These factors play an important role in propelling the growth of the telemedicine market share in terms of revenue.

According to the telemedicine market analysis, the rising pressure to improve the quality of care and decrease the burden on medical practitioners is further augmenting the growth of the telemedicine market. The emergence of the COVID-19 pandemic has a positive influence on the demand of the market, particularly in 2020. This is attributed to the growing online consultation services. Telemedicine became mandatory to the general population in the lockdown period. The growth in the adoption of telemedicine in individuals to reduce the chances of getting infected by the virus as telemedicine does not include any physical contact between the patient and healthcare professional. On the other hand, the factors hindering the growth of the market include the costs regarding the telemedicine systems, including EHR and EMR, and resistance in the acceptance of the technology by the patients and practitioners. Safety issues and data privacy are the factors restraining the growth of the market.

Telemedicine Market Segmentation:

Segmentation by Service:
  • Tele-Consulting
  • Tele-Monitoring
  • Tele-Education/Training
Segmentation by Type:
  • Tele-hospital
  • Tele-home
Segmentation by Specialty:
  • Cardiology
  • Gynecology
  • Neurology
  • Orthopedics
  • Dermatology
  • Mental Health
  • Others
Segmentation by Delivery Mode:
  • Web/Mobile
  • Call Centers
Segmentation by Region:
  • North America

o   United States of America

o   Canada

  • Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

  • Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

  • RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a leading market research company that offers market research reports for every industry. Our research teams have seasoned analysts and researchers and are always looking for industry-leading research techniques to create all-encompassing research reports. GMI Research’s extensive global network allows it to collect relevant information about the industry on a regional as well as country-level basis. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of sectors. We provide step-by-step assistance to our clients through strategic and consulting services to reach a managerial and actionable decision. Our market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, major factors impacting the market growth, and various market insights to aid companies to make strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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