openPR Logo
Press release

Telemedicine Market to Reach USD177.99 billion by 2026 | TechSci Research

11-30-2021 07:40 AM CET | Health & Medicine

Press release from: TechSci Research LLC

GLobal Telemedicine Market - TechSci Research

GLobal Telemedicine Market - TechSci Research

Need to improve healthcare infrastructure coupled with the demand for adoption of modern healthcare technologies to drive the growth of global telemedicine market.

According to TechSci Research report, Global Telemedicine Market By Component (Software & Services, Hardware), By Deployment Mode (Cloud v/s On- Premise), By Type (Tele-Hospitals, mHealth, Tele-Homes), By Technology (Store & Forward, Real Time, Others), By Delivery Mode (Audio-Visual, Only Audio, Written), By Application (Telepsychiatry, General Consultations, Teleradiology Telepathology, Others), By End Users (Patients, Providers, Payers), By Region, Competition, Forecast & Opportunities, 2026, the global telemedicine market is expected to grow significantly at a CAGR of 18.83% during the forecast period, to reach USD177.99 billion by 2026 from an estimated USD75.12 billion in 2021 on account of the increasing technological advancements and adoption of new technologies in the healthcare industry.

Additionally, the growing telecommunication industry coupled with the increasing smartphones and internet penetration is further expected to propel the market during the forecast years. Furthermore, associated advantages of telemedicine such as improved care management, improved patient quality of life, reduced healthcare expenditure, among others are anticipated to spur the market through 2026. Besides, the growing popularity of remote patient monitoring services is also positively impacting the growth of the market.

Also, the growing number of patients suffering from chronic diseases has led to an increase in waiting time in hospitals and clinics hence driving a shift towards telemedicine and virtual doctors. Supportive government policies & schemes are also expected to bolster the growth of the market. However, the requirement of high initial investments can hamper the growth of market through 2026. Moreover, lack of awareness and trust among the population, especially in the developing economies, can hinder the growth of the market during the next five years. Moreover, associated legal and reimbursement issues, which are especially faced by the patients, might impede the growth of the market in the country.

Browse 247 market data Tables and 247 Figures spread through 110 Pages and an in-depth TOC on "Global Telemedicine Market"
https://www.techsciresearch.com/report/telemedicine-market/4611.html

The global telemedicine market is segmented based on component, deployment mode, type, technology, delivery mode, application, end user, company, and region. Based on type, the market can be grouped into Tele-Hospitals, mHealth and Tele-Homes. The mHealth segment is expected to grow at a CAGR of 20.44% during the forecast period. This can be accredited to the use of this platform by people to monitor their weight, diet, exercise, track blood glucose levels, headaches, sleep patterns, among others.

Wearable devices and other mobile technologies allow users to track their vitals and manage certain health data regularly. It also aids faster communication, and data can be shared and tracked within a certain period of time. The Tele-Homes segment is also expected to rise further due to the increasing prevalence of chronic diseases. Additionally, Tele-Homes provide care, monitor a patient, and provide information by using the latest technology in telecom.

The Tele-Homes care programs manage and reduce chronic diseases by remote monitoring the patients. Based on application, the market can be fragmented into Telepsychiatry, General Consultations, Teleradiology Telepathology and Others. The Tele-Psychiatry segment is expected to dominate the market over the next few years with a CAGR of 21.94%. The COVID-19 has eliminated the traditional practice of psychiatric assessment and treatment through technological advancements.

The rapid spread of disease along with lockdown measures adopted by the Government presents a major mental challenge across the world, both in terms of fear of losing their loved ones and not being able to tackle the situation. In this scenario, Tele-Psychiatry proved to be a vital asset for mental health care. Based on end user, the market is segmented into Patients, Providers and Payers. The payers’ segment is expected to grow at a CAGR of 19.88% during the forecast period. The providers segment comprises doctors and health care workers and the payers segment includes the health insurance companies.

Allscripts Healthcare Solutions, Inc, Cardiocom, LLC, LifeWatch AG, InTouch Technologies, Inc, Honeywell HomMed, F. Hoffmann-La Roche Ltd, CISCO Systems Inc., McKesson Corporation, Telemedicine, Inc., AMD Global Telemedicine, Inc., Teladoc Health, Inc., MDLIVE, Inc., Doctor on Demand, Inc., SnapMD, Inc., Medtronic Plc, Koninklijke Philips N.V., and others are some of the leading players operating in the global telemedicine market.

The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. For instance, in April 2019, InTouch Technologies, Inc, announced the release of “Solo”, a fully integrated end-to-end digital healthcare system which can be used in any healthcare facility for any patient.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4611
Customers can also request for 10% free customization on this report.

“North America has the largest share of telemedicine market in 2020. The large share of this region in the global telemedicine market can be attributed by the key factors that majorly consist of increasing prevalence of chronic conditions such as Thyroid, asthma, diabetes and rising geriatric population. Even before the outbreak of the COVID-19 pandemic, North America was well aware and had integrated the telemedicine services in the healthcare services but amidst the COVID-19 there has been a rapid hike in the telemedicine market” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Telemedicine Market By Component (Software & Services, Hardware), By Deployment Mode (Cloud v/s On- Premise), By Type (Tele-Hospitals, mHealth, Tele-Homes), By Technology (Store & Forward, Real Time, Others), By Delivery Mode(Audio-Visual, Only Audio, Written)By Application(Telepsychiatry, General Consultations, Teleradiology Telepathology, Others), By End Users (Patients, Providers, Payers), By Region, Competition, Forecast & Opportunities, 2026”, has evaluated the future growth potential of the global telemedicine market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the global telemedicine market.

Browse Related Reports:
Global Human Resource Management Software Market By Component (Software, Service), By Deployment Mode (Hosted and On-premise), By Enterprise Size (SME, Large Enterprise), By Vertical (BFSI, IT & Telecom, Retail, Healthcare, Manufacturing, Others), By Region, Competition, Forecast & Opportunities, 2025
https://www.techsciresearch.com/report/human-resource-management-software-market/4429.html

Global Collaborative Whiteboard Software Market By Type (Visual v/s List-Based), By Deployment Mode (On-premise v/s Cloud), By Operating System (Windows v/s iOS), By Organization Size (Large Enterprises v/s SMEs), By Application (Business Meetings, Team Collaborations, Others), By Region, Forecast & Opportunities, 2025
https://www.techsciresearch.com/report/collaborative-whiteboard-software-market/4550.html

About TechSci Research:
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime analysts and consultants employing innovative research solutions and tracking global, and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.com/
For More Market Research Blogs Visit: https://techsciblog.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Telemedicine Market to Reach USD177.99 billion by 2026 | TechSci Research here

News-ID: 2478984 • Views: 474

More Releases from TechSci Research LLC

United States Medical Aesthetic Devices Market to Grow with an Impressive CAGR u …
Technological advancement is driving the growth of United States Medical Aesthetic Devices Market, in the forecast period. According to TechSci report on, “United States Medical Aesthetic Devices Market By Type of Device (Energy-Based Aesthetic Device {Laser-Based Aesthetic Device, Radiofrequency-Based Aesthetic Device, Light-Based Aesthetic Device, Others} v/s Non-Energy-Based Aesthetic Device {Aesthetic Botulinum Toxin, Microdermabrasion, Implants, Others}) By Application (Skin Resurfacing and Tightening, Body Contouring and Cellulite Reduction, Hair Removal, Facial Aesthetic Procedures,
Lithotripsy Devices Market to Grow with Double Digit CAGR During the Forecast Pe …
Rising cases of kidney stones is driving the growth in Global Lithotripsy Devices Market in the forecast period, 2022-2026. According to TechSci Research report, “Global Lithotripsy Devices Market By Type (Intracorporeal Lithotripsy, Extracorporeal Shock Wave Lithotripsy (ESWL)) By Modality (Standalone v/s Portable) By Application (Kidney Stone, Pancreatic Stones, Ureteral Stones, Bile Duct Stone) By End User (Hospitals & Clinics, Ambulatory Surgical Centers, Others) By Region, Competition Forecast & Opportunities, 2026”, the
Anesthesia Monitoring Devices Market to Grow with an Impressive CAGR During the …
Advancing technology in medicine is driving the growth in Global Anesthesia Monitoring Devices Market in the forecast period, 2022-2026. According to TechSci Research report, “Global Anesthesia Monitoring Devices Market By Product Type (Basic Anesthesia Monitors, Advanced Anesthesia Monitors, Integrated Anesthesia Workstation) By End User (Hospitals & Surgical Centers, Ambulatory Care Centers, Others) By Region, Competition Forecast & Opportunities, 2026”, the global anesthesia monitoring devices market is expected to show a robust
Why are Major Conglomerates Suddenly Splitting Up into New Corporate Entities? | …
There has been a crazy new trend of ginormous global companies dismantling into multiple entities as diversification isn’t a rage in the corporate world. Companies like Johnson & Johnson, GE, Pfizer, Merck, GlaxoSmithKline have recently announced their corporate divorces, but the splits are not confined to the healthcare sector. Many tech giants, global retail brands, telecom companies have spun off large divisions so that they can invest their time and

All 5 Releases


More Releases for Telemedicine

Telemedicine App Development
Build a comprehensive telemedicine platform solution to provide high-quality virtual care to your patients and optimize your clinic’s operations. Why is Telemedicine Platform Required For Your Healthcare Business? Telemedicine is getting widely adopted now as it offers plenty of benefits for doctors as well as patients. A good telemedicine platform requires a deep understanding of the IT and healthcare domain, of which we have a proficiency for the last ten years.
Telemedicine Market Key Players : Philips healthcare, AMD Telemedicine, McKesson …
E-health is a process of delivering healthcare and health resources by electronic means. It helps healthcare providers and patients to interact with each other with the help of electronic media. It is one of the fastest growing sectors in overall healthcare market. Currently, telemedicine market represents a small percentage of e-health market. Telemedicine is defined as use of telecommunication and information technology to deliver clinical solutions to the patients. It
Telemedicine Market by Top Key Players: Amd Global Telemedicine, Apollo Hospital …
Telemedicine Market report offers a comprehensive valuation of the marketplace. It does so via in-depth comprehensions, grateful market growth by pursuing past developments, and studying the present situation and future forecasts based on progressive and likely areas. Each research report supports as a depository of analysis and data for each and every side of the industry, including but not limited to Regional markets, types, applications, technology developments and the competitive
Telemedicine Market | Rising Adoption of Telemedicine to Encourage Market Growth
The global telemedicine market is prognosticated to grow in upcoming years owing to several factors. The market includes big and small players, which market the scenario highly competitive. The key players in the global telemedicine market include InTouch Technologies, Inc., Allscripts Healthcare Solutions, Inc., CISCO Systems, Inc., Siemens Healthcare, and Honeywell HomMed LLC,. The major players are likely to capitalize on the growing economies so as to benefit from the
Telemedicine Market Trends, 2025
Telemedicine involves the use of information technology and telecommunication for the delivery of healthcare services such as health assessments or consultations over the telecommunications infrastructure. It helps the healthcare professional to diagnose, evaluate and treat patients without the need for an in-person visit and are also very useful to save lives at time of critical care and emergency situations. Telemedicine is of great help for distant rural areas as they
Global Telemedicine Market Outlook 2022
ReportsWorldwide has announced the addition of a new report title Global Telemedicine Market Outlook 2022 to its growing collection of premium market research reports. Telemedicine technology is a game changer for the healthcare industry, as it brings healthcare directly into patient’s doorstep. Telemedicine makes use of electronic technologies, such as email, smart phones, and video conferencing, for exchanging the medical information of the patient. This technology has helped the healthcare providers