Do. Mrz 28th, 2024

Telemedicine Market Overview:

According to a survey conducted by Peterson-Kaiser Health System Tracker, a non-profit organization monitoring U.S. healthcare systems, telemedicine cover plan for employees in different firms saw an increase to 74% in 2018 from 27% in 2015. [1] As modern medical technology progresses, people steer clear of visits to hospitals to avoid standing in queue. Incorporating telecommunications and information technology, telemedicine offers outcome-based health care plans to patients obstructed from medical facilities owing to distance. Telemedicine technology provides clinical services at one’s fingertips and has opened up astounding possibilities for medical innovations. These facilities inculcated via modern telecommunication technologies include telenursing, tele-consulting, tele-training, tele-surgery, tele-education, tele-monitoring services, and others. Effective results of telehealth services outpace conventional medical treatments, thus opening up an array of opportunities and significantly boosting the telemedicine market. In 2018, the global telemedicine market was valued at $ 38.08 billion, mainly owing to the increased convenience for patients and consultants. During the forecast period 2019-2025, the telemedicine market demand is evaluated to grow at a robust CAGR of 18.12%.

Telemedicine Market Outlook:

Virtual presence is the new art of technology pursued in the developed and developing countries through adoption of diverse systems including mobiles, satellites, the Internet, wireless devices, and media services. Paving its way into the medical sector, virtual care acts as a platform for remote delivery of expert consultancy, detailed information and appropriate services to any desired location. According to the International Telecommunication Union (ITU), 70.9% of Americans had internet access in the year 2018. [2] This region is the center for various industrial firms and technological innovations along with huge economic stability opening up wider opportunities for the telemedicine market. As a result, North America held the largest regional market share, in this segment, of 45.68% as of 2018. Telemedicine technology delivers customer-centric services across all industries; primarily benefiting employers through on-premise software applications. This is expected to increase market demand at a notable CAGR of 16.48% through to 2025.

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