Telemedicine Market 2021 Future Trend, Business Strategies, Revenue Value, Comprehensive Analysis and Forecast by 2027 | Medtronic, GE Healthcare, Koninklijke Philips N.V., GlobalMed, IMediplus Inc., Asahi Kasie Corporation, AMC Health

Astute Analytica published a new report on the Telemedicine Market. The research report comprehends the present status of competitive market conditions, which helps firms to make the necessary decisions for growth or profitability with ease.

The Telemedicine Market size is estimated to grow at a CAGR of 28.4% during the forecast period of 2021-2027.

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This report also formulates a survey addressing small variables applicable specifically to new applicants as well as major concerns impacting all players in this field generally.

Leading Players

Major Competitors of the global telemedicine market are:
Medtronic (Ireland)
GE Healthcare (US)
Koninklijke Philips N.V. (The Netherlands)

The following companies also dominate this market:
Cerner Corporation (US)
Chiron Health (US)
Zipnosis (US)
Asahi Kasie Corporation (Japan)
Iron Bow Technologies (US)
Siemens Healthineers (Germany)
IMediplus Inc. (China)

The healthcare sector is one of the most lucrative globally. Higher-quality general healthcare, an increase in life expectancy, and increased interest in business since the pandemic's start are projected to improve spending and industry growth in the years to come. As a result, the healthcare industry's revenue in 2023 is predicted to be US$ 73.90 billion.

For instance, contactless and virtual services are now commonplace. A focus on equitable care, an increase in new healthcare investments, and changes in the labor force have all occurred in recent years.

Thus, these factors will bring new opportunities and difficulties. New digital tools will influence how care is delivered, how money is paid for it, and how health data are kept in the future as the healthcare landscape changes. Innovation, consolidation, and optimization will all continue to be fueled by capital entering the market.

In recent years, the global health business has experienced exponential growth, with the US setting the pace. The rise of the aging population, also known as the older population increase in sociology, was blamed for industry expansion. Most patients or those who receive services from the global health industry today are women.

By 2031, the global healthcare market will be worth $675.37 billion. Additionally, according to the Centers for Medicare and Medicaid Services, national healthcare spending in the US reached US$ 4.3 trillion in 2021, or US$ 12,914 per person, and is projected to rise to US$ 6.2 trillion by 2028.

The Commonwealth Fund estimates that the US spent close to 16.8% of its GDP on healthcare in 2019. Switzerland spent 11.3% more than Germany, which came in second place with a spending of 11.7%.

Segmentation Overview

Segmentation based on Component:
Hardware-
Biosignal sensors (BP, HR, ECG, Temp., OSL, others)
Wearables
IT Infrastructure/Devices

Software-
Collaboration Tools
Services
Professional Services (IT consultation, Support, and Maintenance)
Teleconsultation
Telemonitoring
Training & Learning

Segmentation based on Mode:
Realtime Interactive Services
Store-and-Forward
Remote Monitoring

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Segmentation based on Platform:
Phone/Mobile
Internet (Web)
Video
Non-video (telephonic)
Call centers

Segmentation based on Application:
Neuropsychology
Nursing
Cardiology
Gastroenterology
Geriatrics
Pharmacy
Rehabilitation
Radiology
Psychiatry
Pathology
Dermatology
Others

Segmentation based on End-user:
Hospitals (Providers)
Insurance (Payers)
Patients
Homes
Schools
Enterprises
Assisted Living
Others
Others

Segmentation based on Region:
Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
North America
The U.S.
Canada
Mexico
Middle East & Africa (MEA)
UAE
Saudi Arabia
Qatar
South Africa
Egypt
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Asia Pacific
China
India
Japan
ASEAN
Malaysia
Indonesia
Thailand
Philippines
Vietnam
Rest of ASEAN
Australia & New Zealand
Rest of Asia Pacific

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This release was published on openPR.