According to the MarkNtel Advisors’ research report, “Global Telemedicine Market Analysis, 2021”, the market is expected to grow at a CAGR of 18% during (2021-26). The increasing geriatric population and soaring number of disorders and diseases such as cancer, diabetes, neurological issues, etc. are some of the major factors for the growth of telemedicine. Additionally, rising medical tourism, increase in need for remote patient monitoring and snowballing patient pool in the remote location are the factors anticipated to fuel the growth of the telemedicine market.
Key questions answered in the study
Tele-Radiology Holds Maximum Market Share
Based on the Application, the Tele-Radiology segment has acquired the largest share in the global telemedicine market in 2019. The growth of the segment is attributed to the rise in imaging practice and the adoption of teleradiology by healthcare providers. Integration of artificial intelligence and increasing R&D activities in the eHealth sector is fueling the growth of the market. Further, supporting and streamlining regulations for teleradiology practice strongly contributes to driving the market growth.
“Global Telemedicine Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting the market growth, hotspots and opportunities available for Telemedicine providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Asia-Pacific Exhibits Fastest Growth
The Asia-pacific market is projected to register positive growth in the Global Telemedicine market during (2021-26) owing to rapid development in the healthcare industry and rising demand for healthcare assistance in rural areas of the region. Innovations and improvements in the telecommunication sector are expected to enhance the further growth of the market in emerging countries such as India and China. Thereby, the region is projected to contribute to the growth of the global Telemedicine market in the forecast period as revealed by MarkNtel Advisors’ research report “Global Telemedicine Market Analysis, 2021”.
According to MarkNtel Advisors, the major leading players in the global Telemedicine market are GE, AMD Global, AllScripts Healthcare Solutions, Resideo Technologies, Aerotel Medical Systems, Philips, Medtronic, McKesson Corp, SHL Telemedicine, Polycom, InTouch Technologies.