According to the MarkNtel Advisors’ research report, “Global Telemedicine Market Analysis, 2021”, the market is likely 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 prime factors for the growth of telemedicine. Additionally, rising medical tourism, increasing 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 the previous few years. The segment growth attributes 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 market growth. 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 competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' Strategies and identify the blue ocean for their offerings.
Asia-Pacific Exhibits Fastest Growth
The Asia-pacific market is likely to register substantial growth in the Global Telemedicine market during 2021-26 due to rapid developments in the healthcare industry and rising demand for healthcare assistance in rural areas. Innovations and improvements in the telecommunication sector are likely to enhance the further growth of the market in emerging countries such as India and China. Thereby, Asia-Pacific can strongly contribute to the Global Telemedicine market growth in the forecast period, reveals MarkNtel Advisors in their 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.