Telemedicine Technologies and Services Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Telemedicine uses technology to connect patients with providers at a distance. While the clinical aspects of this have been reviewed extensively, the technical aspects are not as well understood by allergists when they consider adding telemedicine to their practice. This review focuses on the technical aspects of setting up a telemedicine program. Telemedicine comprises the transmission of health images, videoconferencing, e-health portals, and remote monitoring of vital signs.

MARKET SCOPE

The "Global Telemedicine Technologies and Services Market Analysis to 2031" is a specialized and in-depth study of the healthcare IT industry with a special focus on the global market trend analysis. The report aims to provide an overview of the telemedicine technologies and services market with detailed market segmentation by component, services, application, and geography. The report provides key statistics on the market status of the leading telemedicine technologies and services market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on component, the global telemedicine technologies and services market is segmented into Hardware, Software and Services.
  
•   Based on services, the global telemedicine technologies and services market is segmented into Tele-Consultation, Tele-Monitoring, Tele-Education, Tele-Care and Others.
  
•   On the basis of application, the market is segmented into Dermatology, Neurology, Gynecology, Cardiology, Orthopedics, and Others.
  

MARKET DYNAMICS

Drivers

•   Increase in incidence of chronic conditions
  
•   Adoption of telemedicine solutions
  
•   Rise in demand for self-care devices/solutions such as mHealth and remote monitoring
  

Restraints

•   Unorganized healthcare sector in few developing countries
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The telemedicine technologies and services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the telemedicine technologies and services market in these regions.

IMPACT OF COVID-19 ON TELEMEDICINE TECHNOLOGIES AND SERVICES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. However, the social distancing norms set up by government and healthcare authorities have increased the adoption of telehealth and telemedicine technologies leading to a positive impact on the market.

MARKET PLAYERS

The report covers key developments in the telemedicine technologies and services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from telemedicine technologies and services market are anticipated to lucrative growth opportunities in the future with the rising demand for telemedicine technologies and services in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the telemedicine technologies and services market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Medtronic
  
•   Koninklijke Philips N.V.
  
•   Abbott
  
•   Mindchild Medical, Inc.
  
•   Honeywell International Inc.
  
•   Cerner Corporation
  
•   GE Healthcare
  
•   Aerotel Medical Systems
  
•   Polycom, Inc.
  
•   AMD Global Telemedicine, Inc.
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Telemedicine Technologies and Services Report Scope