Press release
Telemedicine Market is projected to reach USD 396.14 Billion by 2029 : Cognitive Market Research
Telemedicine Market is projected to reach USD 396.14 Billion by 2029 : Cognitive Market Research
- From almost 4 decades, telemedicine has made healthcare accessible to patients in remote locations. It thus allows doctors and healthcare facilities to reach out to institutions beyond their own network. It uses electronic communication to exchange medical information from one location to another one. Telemedicine has grown rapidly and has become an integrated part of specialty departments, hospitals, private doctor offices, home health care, and the consumer's residence and workplace.
Summary:
- As per Cognitive Market Research, Global Telemedicine market size was $76.59 Billion in the year 2022 and will reach $396.14 Billion by 2029. Telemedicine Industry's Compound Annual Growth Rate will be 24.78% from 2022 to 2029.
"To know more about The Telemedicine Market statistics click here: https://www.cognitivemarketresearch.com/telemedicine-market-report
Market Dynamics:
• Growing adoption of smart devices coupled with rising internet connectivity
Over the last few years, there is a rapid increase in smart device adoption and internet penetration. Smart devices offer flexibility to patients on a smartphone or tablet. With a mobile device, users are simply able to access doctors and therapists. This rapid expansion has stimulated growth of telemedicine market. This demand is increasing substantially as internet penetration increases. With the advent of 4G and 5G, customers can now communicate with experts and watch high-resolution pictures.
Current Trends on Telemedicine:
• Technology trends in boosting telemedicine market
Rising adoption of 5G has great potential to increase data consumption globally. It is expected to enable faster speeds of up to 20 gigabits per second (Gbps) per user, and to connect around one million devices per square kilometre. Thus, it will have potential impact on applications that rely on real-time data analytics. Besides, AI technology are helping to organise, screen, and analyse personal health data. As a result, it will help extract insights about healthcare trends, track patients over time, and forecast the likelihood of developing a disease.
Market Segmentation:
Component:
• Software & Services
• Hardware
Application:
• Telepathology
• Telecardiology
• Teleradiology
• Telepsychiatry
• Teledermatology
• Others
Service Type:
• Tele-consulting
• Tele-monitoring
• Tele-education/training
Delivery Type:
• On-premise
• Cloud-based
The Major Players in Telemedicine Market are: Amd Global Telemedicine, Apollo Hospitals, GE Healthcare, Haemonetics , Philips Healthcare, Cloudvisit Telemedicine, Maestros Telemedicine, Medisoft Telemedicine, Reach Health, SnapMD Telemedicine Technology
Get free sample pages of the latest published Telemedicine Market Report: https://www.cognitivemarketresearch.com/telemedicine-market-report#request_sample
Regional Analysis:
- Geographically, North America shows highest market share in telemedicine market and will grow significantly in coming years. This is attributed due to high adoption of digitalization in healthcare sector. Furthermore, geriatric population in the U.S. is surging which stimulates need for better analysis of health conditions to elderly patients. Changing lifestyle and obesity problems in North America is driving chronic illness. Hence, demand for telemedicine is continuously rising in North America.
News:
• January 2023, Philips and Masimo has expanded partnership to improve telehealth for patients and clinicians around the world
Royal Philips and Masimo has announced an expansion of their partnership to augment patient monitoring capabilities in home telehealth applications with the Masimo W1 advanced health tracking watch. This product will integrate with Philips's enterprise patient monitoring ecosystem to advance the forefront of telemonitoring and telehealth.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Telemedicine Market
Chapter 4 Global Telemedicine Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Telemedicine Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Telemedicine Industry Mergers and Acquisition Analysis
• 5.3 Global Telemedicine New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Telemedicine Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Telemedicine Market by Component Segmentation Analysis (2018-2030)
Chapter 10 Global Telemedicine Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Telemedicine Market by Service Type Segmentation Analysis (2018-2030)
Chapter 12 Global Telemedicine Market by Delivery Type Segmentation Analysis (2018-2030)
Chapter 13 Global Telemedicine Market Regional Analysis
Chapter 14 North America Telemedicine Market Outlook (2018 - 2030)
Chapter 15 Europe Telemedicine Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Telemedicine Market Outlook (2018 - 2030)
Chapter 17 Latin America Telemedicine Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Telemedicine Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Telemedicine Market TOC click here: https://www.cognitivemarketresearch.com/telemedicine-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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