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New York, Oct. 22, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Telemedicine Market, By Component, By Application, By Mode, By End Users, By Region, Forecast & Opportunities, 2026" - https://www.reportlinker.com/p06177412/?utm_source=GNW
Global Telemedicine Market, By Component (Hardware, Software, Service), By Application (Telepathology, Teleradiology, TeleICU, Teleconsultation, Telepscychiatry, Others), By Mode (Real-Time, Store and Forward, Others), By End Users (Healthcare Providers, Healthcare Payers, Patients and Others), By Region, Forecast & Opportunities, 2026
Global telemedicine market is expected to grow at an impressive rate during the forecast period.The global telemedicine market is driven by the increasing prevalence of diseases especially chronic diseases such as cancer, diabetes, renal diseases, among others.
This has drastically increased the global patient pool suffering from these diseases.Hence, increasing the healthcare costs, which has led to a shift towards virtual consultation, thereby driving the growth of the market.
Furthermore, increasing expenditure by the key vendors operating in the industry is anticipated to positively impact the growth of market over the next few years.
The global telemedicine market is segmented based on component, deployment mode, application, mode, end user, company and region.Based on component, the market can be categorized into hardware, software and service.
The hardware segment is expected to dominate the market during forecast period.Hardware usually includes desktops, webcams, microphones, laptops, among others, which lay the foundation of telemedicine service.
The hardware used in telemedicine abide to certain conditions that are required for its competent functioning.Based on mode, the market can be grouped into real-time, store and forward, others.
The telehospitals segment is expected to dominate the market over the next few years attributable to the increasing adoption and application of telemedicine in hospitals & clinics for treatment of chronic diseases. This also enables cost saving to a greater extent. Based on application, the market can be fragmented into telepathology, teleradiology, teleicu, teleconsultation, telepscychiatry, others. The telepathology segment is expected to hold a significant market share owing to the timely and quick pathological assessment it offers.
Regionally, the telemedicine market has been segmented into Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these, Asia-Pacific is expected to witness significant growth in the telemedicine market during the forecast period, owing to the increasing healthcare expenditure and rising medical tourism in the region
Major players operating in the global telemedicine market include Allscripts Healthcare Solutions, Inc, Cardiocom, LLC, LifeWatch AG, InTouch Technologies, Inc, Honeywell HomMed, F. Hoffmann-La Roche Ltd, CISCO Systems Inc., McKesson Corporation, Telemedicine, Inc., AMD Global, Teladoc Health, Inc., MeMD, Encounter Telemedicine, MDLIVE, Inc., Doctor on Demand, Inc., SnapMD, Inc., AmericanWell, BioTelemetry, Medtronic Plc, Philips and others. The companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
• To analyze and estimate the market size of global telemedicine market from 2016 to 2019.
• To estimate and forecast the market size of global telemedicine market from 2020 to 2026 and growth rate until 2026.
• To classify and forecast global telemedicine market based on component, deployment mode, application, mode, end user, company and regional distribution.
• To identify dominant region or segment in the global telemedicine market.
• To identify drivers and challenges for global telemedicine market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global telemedicine market.
• To identify and analyze the profile of leading players operating in global telemedicine market.
• To identify key sustainable strategies adopted by market players in global telemedicine market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of service providers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the service providers which could not be identified due to the limitations of secondary research. The analyst examined the service providers, distribution channels and presence of all major players across the globe.
The analyst calculated the market size of global telemedicine market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Telemedicine service providers, vendors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to telemedicine
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global telemedicine market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Telemedicine Market, By Component:
Blood Glucose Monitors
• Global Telemedicine Market, By Deployment Mode:
• Global Telemedicine Market, By Application:
• Global Telemedicine Market, By Mode:
o Store and Forward
• Global Telemedicine Market, By End User:
o Healthcare Providers
o Healthcare Payers
• Global Telemedicine Market, By Region:
o North America
o Middle East & Africa
o South America
Company Profiles: Detailed analysis of the major companies present in global telemedicine market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06177412/?utm_source=GNW
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