The New Face of Healthcare Innovation: Telemedicine
Consumer awareness regarding mobile health with multitude of benefits, alarming rise in the incidence of various chronic diseases demand the urgent need for rectified version of remote patient monitoring, advent of next-generation experts in healthcare industry, increase in treatments that require long follow-ups, self-care trend among new generation, adoption of virtual medicine, partnership b/w various industries and pool of startups with innovative approach towards the medication are the drivers of global telemedicine market.
Global Telemedicine Market 2024
According to Goldstein Research, telemedicine market size is set to reach USD 56.7 billion by 2024, at a CAGR of 17.5% over the forecast years owing to constant technological innovation, increasing rate of remote patient monitoring and rising number of treatments that require long follow-ups.
Geographically, China is the largest market for telemedicine due to the thriving consumer electronics and smart devices industry. In addition, focus on health and remote patient monitoring coupled with the availability of sophisticated products at an affordable price set the high bars for telemedicine market.
HealthSpot: Access Your Doctor from Work
HealthSpot enables the patient to access the doctor from office or school. It’s a telehealth system that gives high-quality medical diagnostics to the pool of patients be it anytime, anywhere as this platform establishes face-to-face communication to provide the patient with easy access to follow-ups and consultations with the providers. In addition, this platform supports electronic health record (EHR), in order to send health statistics to the consultant for an easy prescription. These HealthSpot stations are quite private, spacious and secure and can be found at employer sites, universities or any other convenient location.
Global Telemedicine Market
The report contains a detailed overview of the global telemedicine market in terms of market segmentation by type, service, technology, application and end user. Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global telemedicine market report also provides competitive outlook for some of the major players which includes profiling of companies such as F. Hoffmann-La Roche Ltd., CISCO Systems, Inc., Siemens Healthcare, McKesson Corp, Agfa HealthCare NV, AMD Global Telemedicine, Inc., Polycom Corp., Honeywell HomMed LLC, InTouch Technologies, Inc., LifeWatch AG, Medtronic, Inc., OBS Medical Ltd., Allscripts Healthcare Solutions, IBM, Intel Corporation, Philips Healthcare, GE Healthcare, and Cardio Net Inc, Haemonetics Corp., Apollo Hospitals, Maestros Telemedicine, Medisoft Telemedicine Pvt. Ltd., Cloudvisit Telemedicine, Reach Health, and SnapMD Telemedicine Technology, American Well, Doctor on Demand, First Opinion, MDLIVE, Pager, PlushCare, Spruce, Talkspace, Teladoc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global telemedicine market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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