The Business Research Company’s Global Telemedicine Market


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According to The Business Research Company’s research report on Telemedicine Services Market, the market is expected to be positively impacted by the situation of COVID-19. Telehealth services have proven to be an essential tool in the fight against the pandemic, thus stimulating market demand. For example, in March 2020, the U.S. government announced its decision to expand telemedicine options in the country, allowing citizens of the country to opt for telemedicine options – that is, seeing a doctor. or a healthcare professional – by phone or video conference at no additional cost. Cost.

The global telemedicine services market is supported by a large consumer population in both developed and developing countries, a growing awareness of the use of telemedicine services, and high spending on healthcare. North America and Europe are well established and mature markets where there is a well established system for healthcare including the use of telemedicine services and where the major companies in the market are located. Developing regions such as Asia Pacific, Middle East and Africa are fast growing markets. NOTNorth America holds the largest telemedicine market share, representing 43.9%.

The commercial research company‘s report titled Telemedicine Services Market – Opportunities and Strategies – Global Forecast to 2030 Covers major Telemedicine Service Companies, Telemedicine Services Market Share by Company, Telemedicine Service Manufacturers, Telemedicine Service Infrastructure Market Size, and Telemedicine Services Market Forecast. The report also covers the global telemedicine services market and its segments.

Global Telemedicine Services Sample Request Market report:

The global telemedicine services market has reached a value of nearly $ 49.89 billion in 2019, having grown at a compound annual growth rate (CAGR) of 22.5% since 2015. The market is expected to grow from $ 49.89 billion in 2019 to $ 194.05 billion in 2023 at the rate of 40.4%. The growth is mainly due to increased demand for telemedicine services during the pandemic and government initiatives. The size of the telemedicine market is then expected to reach $ 277.93 billion in 2025 at a CAGR of 19.7% and reach $ 459.80 billion in 2030 with a CAGR of 10.6%. Going forward, the aging of the population, increasing access to healthcare, increasing prevalence of chronic diseases, and increasing demand for telemedicine services due to COVID-19 are expected to drive the market.

One of the latest trends in the telemedicine market is the integration and implementation of 5G. Due to the unexpected outbreak of the COVID-19 pandemic, healthcare delivery was forced to change overnight. During these times, the use of 5G in telemedicine ensures improved data reliability on three main fronts: speed, latency and connectivity. Speed ​​not only refers to how fast data can move, but also how much data can move quickly at the same time.

Essentially, with the use of 5G, a three-lane highway is converted to a fifteen-lane highway, ensuring that huge amounts of data are transferred quickly between connected devices to the required destination. Latency refers to how quickly a given signal can travel to the tower and back. In order for virtual reality (VR) and augmented reality (AR) to work effectively, the latency must be as close to zero as possible. For telemedicine to take it to the next level, it will take VR and AR, in this way 5G also extends the applications to VR and AR in telemedicine. In terms of connectivity, 5G extends the upper limit of connection points or the number of people who can connect at any time from tens of thousands to millions.

With 5G connection technology, hospitals and doctor’s offices are no longer the only point of care, this technology ensures that patients have access to healthcare wherever they are. For example, according to a recent 2019 Accenture study, 82% of healthcare executives agree that 5G will revolutionize their industry by offering new ways of delivering products and services.

Telemedicine Services Market – Opportunities and Strategies – Global Forecast to 2030 is part of a series of new reports from The commercial research company which provide market overviews, analyze and forecast Telemedicine market size and growth for overall market, Telemedicine market segments and Telemedicine market geographies, Telemedicine market trends , telemedicine market drivers, telemedicine market restraints, telemedicine market revenue, profiles and market share of major competitors in over 1,000 industry reports, covering over 2,500 segments market and 60 geographic areas.

The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. A team of highly experienced and expert analysts and modelers provide market analysis and forecast. The reports identify major countries and segments for opportunities and strategies based on market trends and approaches of major competitors.

Here is a list of similar reports from the trade research company:

Telemedicine Technologies Market – By Type (Telehome and Telehospital), By Applications (Tele-Radiology, Tele-consultation, Telemonitoring and Tele-Surgery), and by Region, Opportunities and Strategies – Global Forecast to 2022

Healthcare Services Market – By Type (Hospitals & Clinics, Doctors, Nursing, Dental Services, Laboratory Services, Ambulance Services, and Others), By Gender of End User and Region, Opportunities and Strategies – Global Forecast until 2022

IoT Enabled Healthcare Equipment Market – By Type (Diagnostic Equipment, Implanted Devices, Wearable Devices), By Country, By Company Profile & By Region, Opportunities And Strategies – Global Forecast To 2030

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