Global Telemedicine Market Expanding at a Respectable CAGR of 19% During the Forecast Period 2021-2025 | OBS Medical, Polycom Inc., SOC Telemed, Teladoc Health, Doctolib , Eagle Telemedicine

The global telemedicine market is expected to surge at a phenomenal pace in the coming years as lines between reality and virtuality merge. The growing demand for consultations in remote areas of the world due to improving awareness is expected to fuel the telemedicine market.

According to Fairfield Market Research, the global telemedicine market is expected to register a CAGR of 19% between the forecast years 2021 and 2025. Analysts estimate that the market will reach a valuation of US$152.1 Bn by 2025 from US$82.7 Bn in 2020. The adoption of telehealth services in developing countries is expected to fuel the growth of the global market.

𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲 𝘁𝗼 𝗴𝗲𝘁 𝗙𝗨𝗟𝗟 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.fairfieldmarketresearch.com/report/telemedicine-market/request-sample

Access to Technology to Improve Scope for Global Telemedicine Market

Advancements in remote patient monitoring technology is expected to bode well for the global telemedicine market in the coming years. Connected medical devices such as automatic insulin pumps, digital blood pressure monitors, and heart rate monitors are all expected to have a positive impact on the global market. Integration of telehealth services in the existing healthcare system is anticipated to create myriad opportunities. Healthcare applications, smartphones, access to the internet, and artificial intelligence will collectively be excellent scope for the global telemedicine market during the forecast period.

Teleradiology Emerges as Leading Segment in Global Telemedicine Market

Teleradiology is expected to dominate the global telemedicine market in the coming years. The technology is expected to hold lion's share due to its high adoption of picture archiving and communication systems (PACS). The segment is also expected to move ahead as research and development activities gain momentum. Growing need for transmission of radiological images and its related data for consulting purposes as healthcare reaches rural areas is expected to give the teleradiology segment a boost.

U.S. to Pave the Way for Global Telemedicine Market

The research report predicts that North America will lead the global telemedicine market. Growing consumer preference, improved reimbursement policies, and the strong presence of key players will ensure the market finds lucrative opportunities. The demand for telemedicine will also be driven by the higher adoption of technology by end users.

The American Telemedicine Association (ATA) reports that there are 200 networked telemedicine programs across U.S. This is boosting access to telemedicine in 3000 and more rural areas. Furthermore, Medicaid programs in about 46 states cover live videos while facility and transmission fee is covered in 26 states through Medicaid programs.

The report also states that Asia Pacific holds tremendous potential for telemedicine solutions to pace ahead as rural areas are gaining access to the internet, education, and improvement in the adoption of technology via smartphones.

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Some of the leading players operating in the global telemedicine market are

1. AMD Global Telemedicine
2. Allscripts Healthcare Solutions Inc
3. Specialist Telemed
4. BioTelemetry
5. American Well
6. Blue Sky Telehealth
7. Cerner Corporation
8. Cisco Systems
9. McKesson Corporation
10. Honeywell International Inc
11. iCLiniq InSight
12. Koninklijke Philips N.V.
13. MDLive
14. MeMD
15. InTouch Technologies
16. OBS Medical
17. Polycom Inc.
18. SOC Telemed
19. Teladoc Health
20. Doctolib

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