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Telemedicine Market Size & Share: Global Industry Report 2020

06-04-2020 12:19 PM CET | Health & Medicine

Press release from: Valuates Reports

Telemedicine Market Size & Share: Global Industry Report 2020

The Global Telemedicine Market size was valued at USD 31.46 billion in 2018 and is expected to witness more than 19.28% CAGR during forecast period.Telehealth helps to reduce emergency room visits and hospitalization rates. Furthermore, improving clinical infrastructure, increasing post-acute care monitoring, and growing demand in emerging economies is expected to increase the telemedicine market size.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Othe-2M208/global-telemedicine

Telemedicine refers to the process of remotely caring for patients where both the doctor and patient are not physically present. Modern technology has enabled doctors to consult patients using videoconferencing tools that are compliant with HIPAA (Health Insurance Portability and Accountability Act).

The healthcare sector is huge, and it is predicted that its centralization would help to harmonize the entire process as well as provide economic assistance. The ongoing outbreak of COVID-19 across the globe has resulted in increased demand for telemedicine solutions. Since social distancing is one of the key strategies to minimize the spread of COVID-19 infection, physicians can utilize telemedicine technologies to provide patients with healthcare services, thus encouraging social distancing and reducing the risk of infection.

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TOP COMPANIES IN TELEMEDICNE MARKET

The telemedicine market is highly competitive, with larger corporates dominating the market. Reputation becomes a major factor in telemedicine, and hence people majorly prefer large multinational corporations. Some of the major players analyzed in this report are:

o GE Healthcare

GE Healthcare is a New York-based American multinational corporation headquartered in Chicago, Illinois. As of 2017, the company is a manufacturer and distributor of radiopharmaceutical and diagnostic imaging agents for imaging modalities used in medical imaging procedures.

o Philips Healthcare

Philips Koninklijke NV. It is a Dutch multinational business corporation based in Amsterdam, formerly one of the largest electronics firms in the world, currently concentrating on health technology and successfully divested in other divisions.

o Apollo Hospitals

Apollo Hospitals Enterprise Limited is an Indian hospital chain based in Chennai, India. It was founded as the first corporate health care in India by Dr.Prathap C. Reddy in 1983.

SEGMENT BY REGIONS/COUNTRIES

o United States

o Europe

o China

o Japan

o Southeast Asia

o India

o Central & South America



TELEMEDICINE MARKET LEADERS

o Amd Global Telemedicine

o Apollo Hospitals

o GE Healthcare

o Haemonetics

o Philips Healthcare

o Cloudvisit Telemedicine

o Maestros Telemedicine

o Medisoft Telemedicine

o Reach Health

o SnapMD Telemedicine Technology





TELEMEDICINE MARKET SEGMENT BY TYPE

o Web-based

o Cloud-based

o On-premise



TELEMEDICINE MARKET SEGMENT BY APPLICATION

o Teleconsultation

o Telecardiology

o Teleradiology

o Telepathology

o Teledermatology

o Tele Home health

o Teleoncology

o Emergency Medication

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