Telemedicine Market is expected to grow at CAGR XX% during the forecast period 2019-2026

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    Summary

    Increase in rural health issues and hospitalizations, lack of resources to meet the increased cases, etc., necessitated the growth of global Telemedicine market.

    Press Release

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    Market Overview:

    Increase in rural health issues and hospitalizations, lack of resources to meet the increased cases, etc., necessitated the growth of global Telemedicine market. Telemedicine is two-way, real-time interactive communication between a patient and healthcare provider at a different place.

     

    This is supported audio and video equipment along with integrated medical devices and hence enables the clinicians to evaluate, diagnose and treat patients remotely. Studies reveal that over 62 million people lack access to adequate healthcare services.

     

    Market Dynamics:

    Treatment by through this method is particularly helpful in rural areas, where there is a lack of accessibility to both primary health care and specialty care due to the shortage of healthcare providers.Faster access to healthcare, which is a crucial factor in improved patient engagement and better outcomes.

     

    Progress in healthcare industry towards the value-based care and use of telehealth technologies results in positive outcomes including fewer hospital re-admissions, more faithful following of prescribed courses of treatment, and faster recovery than that of patients not receiving the foreign intervention.

     

    Telemedicine allows hospitals to create a network to support each other. By easily sharing their expertise outside their institutions, doctors can offer incredible value to their medical colleagues and those colleagues’ patients. All these advantages and ease of access are driving the global telemedicine market.

    Market Segmentation:

    Based on specialty area into General Consultation, Cardiology, Dermatology, Neurology, Gynecology, Trauma Care, Ophthalmology, Orthopedics, Psychiatry, Pathology, General Surgery, and Others. Based on End-Users into Hospitals, Clinics, Patients and others.

     

    Based on technology into Hardware, Software, and Telecommunications. Based on type of telemedicine into Telehospitals/Clinics, Telehome, and health.

    Geographical Analysis:

    By Geography, the market is segmented into, North America, Europe, South America, Asia Pacific, The Middle East and Africa

     

    Competitive Analysis:

    Some of the key players include American Well, ConsultADoctor, Teladoc, MeMD, iCliniq, CareClix, others.

     

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