Telemedicine Market (Tele-home and Tele-hospital Market), Dynamics, Market Analysis, and Trends

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Presents a Research Report on
Telemedicine Market
The report on the Global Telemedicine Market
(Tele-home and Tele-hospital Market) is segmented
By Service (Tele-consulting, Tele-monitoring,
Tele-education/training), By Type (Tele-hospital,
Tele-home), By Specialty (Cardiology, Gynecology,
Neurology, Orthopedics, Dermatology, Mental
health, Others) and Region.


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Telemedicine Market Growth and Forecast
Highlights Drivers

• The Global Telemedicine Market (Tele-home and
  Tele-hospital Market) is projected to grow from
  USD 47.2 billion in 2020 to USD 137.6 billion by
  2026 at a CAGR of over 19.5 during the forecast
  period.
• Telemedicine is a technology where electronic
  communication is used to provide medical services
  to patients located in remote locations.
• It overcomes the barrier of distance by offering
  clinical health care via telecommunication and
  information technology.
• It makes health services more accessible,
  primarily in isolated rural areas where medical
  care is not available consistently due to the
  location.
• Target Audience
• Here is the list of the group of customers that
  the Telemedicine market hopes to have the
  greatest opportunity to convert-
• Telemedicine companies
• Tele-consulting organizations
• Tele-monitoring organizations
• Hospitals
• Biotech pharma companies
• Diagnostic Labs

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Market Insights

• Market Dynamics
• The increasing need for remote patient monitoring
  services in developing countries, growing patient
  pool in remote locations, rising medical tourism
  activities, and surging prevalence of chronic and
  lifestyle-associated diseases are some of the
  factors augmenting the market growth.
• Also, favorable government initiatives designed
  at increasing the implementation of telemedicine
  at a hospital and clinic level to optimize the
  healthcare facility further boosts the industry
  growth.
• However, a lack of knowledge and trust in the
  developing markets will further impede market
  expansion.
• COVID-19 Impact on Global Telemedicine Market
  (Tele-home and Tele-hospital Market)
• The COVID-19 pandemic has positively influenced
  the digital pathology industry. Government bodies
  across the globe are focusing to curb the
  COVID-19 with important measures, such as social
  distancing, nationwide lockdowns, and large-scale
  quarantine to prevent the spread of the
  coronavirus. Social distancing is one of the key
  strategies to minimize the spread of COVID-19
  infection. Telemedicine can be leveraged by
  healthcare professionals and physicians to
  provide healthcare facilities to the patients,
  thus promoting social distancing and lowering the
  risk of coronavirus infection.

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Market Insights

• By Service Trends
• Based on service, the global telemedicine market
  (tele-home and tele-hospital market) has been
  segmented into tele-consulting, telemonitoring,
  tele-education/training.
• Among these, the tele-consulting segment
  witnessed the largest market share of almost 40
  in 2020 and is likely to register a healthy CAGR
  during the review period.
• This is mainly ascribed rising growth of
  tele-consulting service due to a large number of
  self-quarantined population at homes during the
  COVID-19 pandemic, thereby bolstering the segment
  growth.
• By Region
• the North American market accounted for the
  largest market share in 2020 and is estimated to
  grow at a steady CAGR during the forecast
  timeline.
• This can be attributed to the rising prevalence
  of chronic and lifestyle-associated diseases, the
  growing geriatric population, and increasing
  government funding and grants for telemedicine
  thereby proliferates the industry growth in the
  region.

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Competitive Insights
Telemedicine Market, regional expansion, and
execution of mergers acquisitions are the key
strategies adopted by the major players to gain a
competitive edge in the market. Key Companies
Analysed

• Allscripts Healthcare Solutions Inc. (The U.S),
• AMD Global Telemedicine (The U.S),
• American Well (The U.S),
• BioTelemetry (The U.S),
• Blue Sky Telehealth (The U.S),
• Cerner Corporation (The U.S),
• Cisco Systems (The U.S),
• Eagle Telemedicine (The U.S),
• Honeywell International Inc. (The U.S),
• InSight (The U.S).

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Research Methodology
Data Analysis Top Down and Bottom Up Approach)
Data Triangulation Data Evaluation and Multiple
Data Triangulation)
Final Deliverables Final Report with All Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research

• Annual Reports / Fact Book
• Company Websites
• Magazines / Publications
• Press Releases Journals
• Industry News
• Association Articles
• Government Documents
• Social Media
• Others

• Robust database across value chain
• In-house industry veterans as advisors
• Project based subject matter experts

• Industry Players
• Industry Experts
• Suppliers
• Customers
• Associations
• Government Institutions
• Others

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Report Features

• This report provides market intelligence in the
  most comprehensive way. The report structure has
  been kept such that it offers maximum business
  value. It provides critical insights on the
  market dynamics and will enable strategic
  decision making for the existing market players
  as well as those willing to enter the market. The
  following are the key features of the report
• Market structure Overview, industry life cycle
  analysis, supply chain analysis.
• Market environment analysis Growth drivers and
  constraints, Porters five forces analysis, SWOT
  analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics Market share,
  product portfolio, product launches, etc.
• Attractive market segments and associated growth
  opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing
  and new players.
• Key success factors.

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