Telemedicine Market Scope And Analysis

Telemedicine Market Report Scope

Covid-19 Impact:

As the number of COVID-19–infected patients increased, population using computers and tablets for telemedicine also increased, which also reduced staff exposure in ambulances and hospitals. Telemedicine has experienced a huge surge in adoption over the past few months, during the coronavirus pandemic. With people locked down at home, it has become the 'new normal' way of accessing healthcare. It is expected that demand for these services increased dramatically globally in COVID-19 pandemic, as the shares of one telehealth provider, Teladoc Health Inc., increased almost 50% since the start of 2020. Hospitals and health systems also encouraged people with suspected COVID-19 symptoms to use telehealth services to limit people's flow to already crowded emergency rooms and doctor surgeries. Therefore, the growing demand for telemedicine during COVID-19 worldwide is likely to boost the growth of the telemedicine market.  

Competitive Landscape and Key Companies:

Some of the telemedicine market leaders are Allscripts Healthcare, LLC, Cerner Corporation, Cisco Systems, Inc., Eagle Telemedicine, Honeywell International Inc., McKesson Corporation, Koninklijke Philips N.V. , AMD Global Telemedicine, Inc., American Well, Teladoc Health, Inc., and Insight. These companies focus on new product launches and geographical expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. They have a widespread global presence, which provides them to serve a large set of customers and subsequently increases their market share. The report offers trend analysis of the telemedicine market emphasizing on various parameters such as technological advancements, market dynamics, and competitive landscape analysis of leading market players across the globe.