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Telemedicine Market by Technology, Deployment, Therapeutic Type, and Application 2020 – 2025

Telemedicine Market by Technology, Deployment, Therapeutic Type, and Application 2020 – 2025

  • June 2020
  • 115 pages
  • ID: 5903546
  • Format: PDF
  • Mind Commerce Publishing

Summary

Table of Contents

Overview
This research evaluates the telemedicine market including technologies, solutions, applications, and services. This includes analysis of major players, strategies, and solutions. The report assesses the means of deployment, device, and therapeutic types by solution. The report also analyzes market opportunities by hardware, software, and services by region. This research also includes forecasts for each major category and component from 2020 to 2025.

Telemedicine refers to the provision of healthcare services to the people at a distance using software solutions and telecommunication technology. It connects patients with doctors or physicians or other healthcare providers commonly used by hospitals, clinics, and telemedicine service providers. Advanced wireless and networking technologies, coupled with recent advances in biotechnology, biosensors and software engineering, have enabled promising growth in telemedicine healthcare ecosystems.

Expert medical care delivered via telemedicine can significantly improve healthcare services for rural areas, remote locations, and underdeveloped nations. For the developed nations, telemedicine is increasingly gaining popularity due to its high potential for cost savings, healthcare availability, and increased efficiency in healthcare service delivery. As the recent COVID-19 pandemic has made abundantly clear, uninterrupted access to healthcare services is a critical need for society.
The analyst also sees telemedicine fulfilling a crucial need to reduce ever-expanding societal healthcare costs. This is particularly the case for the aging population in developed countries. For example, a couple in the United States that plans to retire in 10 years can expect to pay over $300,000 during retirement on healthcare (an amount equaling about 90% of their lifetime Social Security benefits).

By 2050, the global population is anticipated to reach nearly 10 billion. One in six of those people will be over age 65 with 426 million aged 80 years or over. The 65+ year old age bracket is the fastest growing segment, which correlates with steady growth in life expectancy worldwide. In 1960, the average UK citizen would live until about 70, but now 80 years old is the expected age of death. The United States has similar numbers. However, life expectancy in China has dramatically increased from mid-forties in 1960 to mid-seventies today.

Target Audience:
• Telecom service providers
• Wireless device manufacturers
• Healthcare technology suppliers
• Application developers and app stores
• Regulators and governmental agencies
• M2M infrastructure and service providers
• Anyone focused on the healthcare industry

Select Report Findings:
• The overall telemedicine market poised to approach $200 billion by 2025
• Teleconsultation will be one of the fastest-growing telemedicine solution areas
• COVID-19 pandemic is driving further investment, but ageing population is biggest factor
• Web-based apps and services are growing 40% faster than proprietary client-based solutions
• China is a highly promising market due to very large and fast-growing elderly population in cities

Report Benefits:
• Telemedicine forecasts from 2020 to 2025 globally, regionally and by solution
• Understand the most important factors driving growth for telemedicine market
• Identify promising application, service, and solution opportunities by world region
• Identify the strategies, solutions, products and services for major telemedicine vendors

Companies in Report:
• 2nd.MD
• Sonova Group (Advanced Bionics)
• Aerotel Medical Systems
• Allscripts Healthcare Solutions
• AMD Global Telemedicine
• American Well
• Apollo Hospital
• Medtronic
• CISCO Systems
• Cloudvisit
• Cochlear
• Doctor on Demand
• Encounter Telepsychiatry
• F. Hoffmann-La Roche
• GE Healthcare
• GlobalMed
• Haemonetics
• Nurotron Biotechnology
• Honeywell
• InTouch Technologies
• BioTelemetry (LifeWatch AG)
• Teladoc Health
• Maestros Telemedicine
• McKesson Corporation
• MED-EL Medical Electronics
• Medisoft Telemedicine
• MEDLIVE
• Oticon (Demant)
• Philips Healthcare
• Reach Healthcare Foundation
• SnapMD Telemedicine
• Telemedicine Inc.

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