The Telemedicine industry is witnessing lucrative growth owing to the rising incredible demand for telemedicine, which provides remote medical services and consultations. This facilitates offering patients to access medical care, receive diagnoses, consult with healthcare providers, and even receive treatment. Moreover, the major companies are growing their assistance to seek the comprehensive attention of broad customers and provide widespread services such as mental health, nutrition, and dermatology.
As per the report published by Markntel Advisors, “Global Telemedicine Market Research Report: By Component (Hardware, [Monitors, Medical Peripheral Devices (Digital ECG, Digital Stethoscope)], Software, [Integrated Software, Standalone Software]), By Service (Tele-training, Tele-consultation, Tele- Surgery, Tele-monitoring, Asynchronous (Store-and-Forward)), By Application (Tele-radiology, Tele-Psychiatry, Tele-Cardiology, Tele-Dermatology, Tele-Neurology, Tele-Pathology, Emergency Care, Others (Tele-Nephrology, Tele-Obstetrics, etc.)), By End User (Hospitals, Home Care, Clinics & Specialty Centers), and Others Forecast (2024-2030)”, The Global Telemedicine Market size was valued at USD 79 Billion in 2023 and is projected to reach USD 275 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 18% during the forecast period, i.e., 2024-30. This is attributed to increasing factors such as rising advancement in telecommunication technology, mounting prevalence of chronic diseases, expansion of the healthcare sector, rising elderly population, etc. Additionally, the top healthcare players are emphasizing investments in research and development to improve their user experience by building more suitable and user-friendly platforms. This resulted in the integration of artificial intelligence, and machine learning to drive more customized and personalized care to improve customer’s experience.
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AMD Global Telemedicine Established in 1991, headquarters is in Massachusetts, the United States of America. AMD Telemedicine provides clinical telemedicine equipment that allows doctors to diagnose illnesses using telecommunication technology. The company supplies medical products and offers cameras, machines, tools, and other medical devices for cardiology, dentistry, dermatology, emergency care, pediatrics, and primary purposes, among others. AMD telemedicine's major aim is to serve customers worldwide. Moreover, to enhance the consumer experience, the company emphasizes engagement in education and research and development activities.
GE Healthcare Established in 1892, headquarters is in Illinois, the United States of America. The company offers diagnostics, therapeutics, and monitoring through intelligent devices, data analytics, decision support tools, applications, etc. GE Healthcare comprises of wide-ranging geographical occurrence, so to develop and integrate technological advancements and better telemedicine solutions, the company collaborates with multiple health organizations.
Aerotel Medical System Established in 1998, headquarters is in Tel Aviv, Israel. The company is a leading global manufacturer of modular. Mobile and home-based telemedicine and telecare solutions are designed to transfer essential medical and lifestyle data over the telephone, mobile phone, wireless, the Internet, and other electronic media. The company's main focus is to support its clients and patients and enhance its healthcare delivery services by providing user-friendly, high-quality, and cost-effective systems and devices.
Phillips Healthcare Established in 1891, headquarters is in Amsterdam, Netherlands. Philips Healthcare is considered a prominent player in the global telemedicine and healthcare market. To boost the customer's experiences, the company introduced teleconsultation solutions that permit healthcare providers, doctors, and professionals, to interact with patients remotely. Phillips Healthcare's main purpose is to improve people’s health and well-being through meaningful innovation.
Medtronic Plc Established in 1949, headquarters is in Dublin, Ireland. The company is well known and recognized as an American-Irish medical device company, operates in more than 150 countries, and employs over ninety thousand individuals. It develops and manufactures healthcare technologies and therapies. The company is a global leader in medical technology, services, and solutions. The crucial aim of the company is to enhance the customer’s experiences and solutions using multinational collaborations and partnerships.
The blog comprises Global market players in the Global Telemedicine industry, with market product information. This blog entails details regarding the prominent factors behind the surging demand for futuristic growth and new opportunities that facilitate market development. Market players such as GE Healthcare, AMD, Aerotel, Philips, McKesson Corp, SHL, Polycom including other leading companies, facilitate revolutionizing the global market and promoting a secure future for the telemedicine market.
