Telemedicine Market Size, Share and Forecast (2019-2026)

(IT-NEWSWIRE.COM, August 30, 2019 ) Market Overview:

Increase in rural health issues and hospitalizations, lack of resources to meet the increased cases, etc., necessitated the growth of 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. Also, the studies estimate,by 2020 there will be a shortage of 45,000 primary care providers.Delay in care due to lack of access is leading to health complications. All these factors are necessitating the use of Telemedicine.

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.

Segmentation Analysis:

Based on specialty area:

• General Consultation

• Cardiology

• Dermatology

• Neurology

• Gynecology

• Trauma Care

• Ophthalmology

• Orthopedics

• Psychiatry

• Pathology

• General Surgery

• Others

Based on End-Users

• Hospitals

• Clinics

• Patients

• Others

Based on technology

• Hardware

• Software

• Telecommunications

Based on type of telemedicine

• Telehospitals/Clinics

• Telehome

• Health

Geographical Analysis:

By geography, the market is segmented into:

• North America

• Asia-Pacific (APAC)

• Europe

• South America

• Middle East and Africa (MEA)

Competitive Analysis:

The telemedicine market share is majorly divided among the following players:

• CareClix

• ConsultADoctor

• Teladoc

• iCliniq

• American Well

• M drive

• MDAligne

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Telemedicine Market Size, Share and Forecast (2019-2026)