According to a new report published by Allied Market Research, titled, ” Telemedicine market by Application, Component, End User, and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global telemedicine market was valued at $40.20 billion in 2020, and is estimated to reach $431.82 billion by 2030, growing at a CAGR of 25.90% from 2021 to 2030.
♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.alliedmarketresearch.com/request-sample/513
Key Findings of the Study –
- By application, the tele dermatology segment was the highest contributor to the market in 2020.
- By component, the software segment was the highest contributor to the market in 2020.
- By end user, the healthcare providers segment is projected to grow at a significant CAGR of 26.60% from 2021 to 2030.
- By region, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the review period.
Telehealth has become an important part of healthcare during the COVID-19 pandemic. According to a research report published in JCO Global Oncology-An American Society of Clinical Oncology Journal, 2020, during the SARS-CoV-2 epidemic, tissue removal was applied to reduce the spread of the coronavirus. This has led to the adoption of telemedicine by many oncology clinics.
Demand for health and technology jobs has reached an all-time high due to the pandemic. In addition, technologies such as telemedicine, and chatbots, robots, are applied to help gather information, reassure people, treat patients, conduct research, or even prepare vaccines in the future. The power of telehealth was demonstrated, due to the global shortage of hospitals and medical personnel. For example, in March 2020, the UAE Ministry of Health began working with telecom operators to build its first hospital. Thus, growing investment in virtual hospitals will increase the growth of the telemedicine market.
♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.alliedmarketresearch.com/purchase-enquiry/513
North America accounted for the largest share of the telemedicine market in 2020 and is expected to maintain its dominance during the forecast period, owing to rising healthcare trends and the adoption of cloud-based technologies over the forecast year. . Also, developed regions such as North America achieved the highest revenue share in the global industry due to constant R&D initiatives. Also, the presence of major players operating in the region boosts market growth. However, Asia-Pacific is expected to register the highest CAGR from 2021 to 2030, due to the urgent need for medical assistance, especially in rural areas. In addition, it is expected that innovations and developments in communication will increase the growth in this area in the near future.
Key Market Players –
Major key players that operate in the industry are Amc Health, American Well Corporation, Cerner Corporation, Cisco Systems, Inc., General Electric Company, Koninklijke Philips N.V., Cigna Corporation, Medtronic Plc., Siemens Ag, Teladoc Health, Inc.
By Region –
North America (U.S., Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
♦ 𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.alliedmarketresearch.com/checkout-final/839c877e1c8e031c2f893bc3a0854212
Frequently Asked Questions?
Q1. What is the total market value of global telemedicine market?
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Q3. What will be global telemedicine market growth in 2030?
Q4. What are the key trends in the global telemedicine market?
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