The rise in geriatric population and the increasing demand for proper healthcare and medical services to suffice to their needs is boosting the global telemedicine market says Fortune Business Insights in their new study. The study is titled “Market Size, Share and Global Trend By Type (Products, Services), By Application (Teleradiology, m Telepathology, Teledermatology, Telepsychiatry, Telecardiology, Others), By Modality (Store-and-forward (Asynchronous), Real-time (Synchronous), Others), By End User (Healthcare Facilities, Homecare), and Geography Forecast till 2026”. This report highlights all factors driving and restricting the growth of telemedicine market. The information provided in the report is collected from trusted source, within the forecast period of 2019 to 2026.
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some of the key players in the global Market
- SnapMD, Inc.
- MDLIVE Inc.
- Encounter Telemedicine
- InTouch Technologies, Inc.
Teladoc Health, American Well, and Doctor On Demand Hold Strong Foothold in the Global Market
Doctor On Demand, Teladoc Health, and American Well are enjoying stronghold in the global telemedicine market. Leading companies are focusing on strategies such as company collaboration with domestic players, and mergers and acquisitions to gain a competitive advantage in the market. Some of the other companies functioning in the global market are, SnapMD, Inc., MDLIVE Inc., Encounter Telemedicine, 2nd.MD, MeMD, InTouch Technologies, Inc., GlobalMed, and others.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/telemedicine-market-101067
- Store-and-forward (Asynchronous)
- Real-time (Synchronous)
By End User
- Healthcare Facilities
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Need to Provide Proper Medical Service in Developing Nations to Help Asia Pacific Register Rapid Growth
Fortune Business Insights foresees the global market to be dominated by North America. Access to favorable reimbursement policies is supporting the market’s expansion in developed nations such as Canada and the U.S. In addition, the telemedicine market in North America is also driven by the strong establishment of healthcare centers and availability of skilled medical practitioners. Government support plays a major role in the growth of the telemedicine market in this region. For instance, the Florida Senate passed House Bill 23 in April 2019 to standardize the telemedicine and telehealth practices. Such support from government is further propelling the growth of the market in the region. Furthermore, the presence of major players of telemedicine market in North America and the surge in the number of e-visits will also help the regional market to continue its dominance in the coming years.
On the other hand, the market in Europe is anticipated to expand considerably over the forecast period on account of recent advancements in telecommunication and rise in funding for startups. Besides this, the telemedicine market in Asia Pacific is likely to register rapid growth on account of expanding healthcare infrastructure, increasing geriatric population, and the rising need for providing proper medication to the aged population.
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