Latest Research on Telemedicine Market 2019: Babylon, CareClix, Global Telehealth Services, AMD Global Telemedicine, American Well, Doctor on Demand, MD INTERNATIONAL AB| Forecast to 2026

A recent market study published by the company – “Telemedicine Market: Global Industry Analysis 2015 – 2017 and Forecast 2018 – 2026,” consists of a comprehensive assessment of the most important market dynamics. By conducting a thorough research on the historical as well as current growth parameters of the Telemedicine market, the growth prospects of the market are obtained with maximum precision. The report features unique and salient factors that may have a huge impact on the development of the Telemedicine market during the forecast period. It can help the players to modify their manufacturing and marketing strategies to envisage maximum growth in the Telemedicine in the upcoming years. The report provides detailed information about the current and future growth prospects of the Telemedicine market in the most comprehensive way for better understanding of the readers.

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Based on the mode of delivery, the global telemedicine market is segmented into cloud-based delivery and premise-based delivery. Based on end user, the global telemedicine market is segmented into hospitals & clinics and homecare settings. The real-time telemedicine subsegment of the service type segment is expected to hold the maximum share in the global telemedicine market. From a geographical perspective, the telemedicine market is segmented into North America, Latin America, Europe, Asia Pacific, MEA ex. GCC & MENA, GCC Countries, and MENA.

Telemedicine is one of the most impactful digital health innovations over the past decade. Remote patient monitoring is a key parameter of telemedicine, which provides healthcare professionals the advantage of monitoring patients from a distance. A survey by Consumer Technology Association (CTA) stated that 68% of physicians in the U.S. strongly intent to use remote patient monitoring, and this figure is projected to increase in the future.

The same survey has also revealed that healthcare professionals using remote patient monitoring have witnessed improved patient outcomes by 49% and an improved compliance rate of 44%. Therefore, rise in the demand for remote patient monitoring among healthcare professionals due to improved patient outcomes and compliance rates is expected to propel the growth of the telemedicine market over the forecast period.

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The telemedicine market is a very lucrative market that offers new players high return on investment. Telehealth companies are focusing on acquisitions to grow their business, especially in emerging economies such as Asia Pacific and Latin America. For instance, in 2018, Teladoc Inc. acquired Advance Medical Inc. to expand its market share in Latin America and Asia Pacific. This acquisition also enabled Teladoc Inc. to provide care in 20 languages through its platform. Similarly, InTouch Health acquired Reach Health to broaden its footprint and boost its ability to help its customers introduce telehealth programs across the care continuum.

Furthermore, lack of infrastructure and internet connectivity is among the key factors hampering the progress of telemedicine in developing economies. For instance, the minimum speed of the internet required for consultation via telemedicine services is 2 Mbps, which is not available in most of the villages of India. Moreover, the penetration of broadband is less than 2% in India. In addition, only a limited number of individuals in developing countries use the internet. For example, the percentage of internet users in India, Indonesia, and Brazil is 35%, 32%, and 60% respectively, which is likely to hinder the growth of the telemedicine market.

Other factors, such as the increasing use of smartphones, use of wireless technologies that bring cost-efficiency, improved accuracy of treatment & diagnosis, reduced consultation time, and the need to maintain high standards of delivery of service by providing access to quality care on a real-time basis are also some of the factors contributing to the growth of the telemedicine market. Growing awareness about telemedicine services, especially among the younger and middle-aged population globally, has led to the high demand for online consultations and second opinions, as these services help patients receive medical advice from physicians across the world.

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Table Of Content:

1. Executive Summary
2. Market Introduction
3. Telemedicine Market Opportunity Analysis
4. Market Background
5. Global Economic Outlook
6. Key Inclusions
7. North America Telemedicine Market Analysis 2015–2017 and Forecast 2018–2026
Market forecast and analysis in the U.S. and Canada
8. Latin America Telemedicine Market Analysis 2015–2017 and Forecast 2018–2026
9. Europe Telemedicine Market Analysis 2015–2017 and Forecast 2018–2026
10. Asia Pacific Telemedicine Market Analysis 2015–2017 and Forecast 2018–2026
11. Middle East & Africa Telemedicine Market Analysis 2015–2017 and Forecast 2018–2026
12. Forecast Factors: Relevance and Impact
13. Forecast Assumptions
14. Competition Analysis
15. Global Telemedicine Market Analysis 2015–2017 and Forecast 2018–2026, By Region
16. Global Telemedicine Analysis 2015–2017 and Forecast 2018–2026, By Product Type
17. Global Telemedicine Analysis 2015–2017 and Forecast 2018–2026, By Disease Indication
18. Global Telemedicine Market Analysis 2015–2017 and Forecast 2018–2026, By Distribution Channel
19. Global Telemedicine Market Analysis 2015–2017 and Forecast 2018–2026
20. Assumptions and Acronyms Used
21. Research Methodology

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