Telemedicine Market by Service Type, Usage, Solutions, and Geography - Forecasts from 2019 to 2024

According to a new market research report “Telemedicine Market by Service Type (Telecare, Tele-education, Telemonitoring, Telesurgery, Teletraining, Teleconsultation, Others)Usage (Teledermatology, Teleneurology, Telecardiology, Teleorthopedics, Teleradiology, Others), Solutions(Hardware, Software, Services)& Geography – Forecasts from 2019 to 2024”

Per the World Health Organization (WHO), 31% of total global deaths are happened due to cardiovascular diseases. In addition, 20% of deaths in low- and middle-income countries are due to cancer. WHO suggests that more than 60% of world’s total new annual cases occur in Africa, Asia, Central, and South America, and these regions account for 70% of the world’s cancer deaths. People suffering from multiple chronic diseases need extra quality care and as it is difficult to reach healthcare providers and doctors on regular basis. Telemedicine services help them in self-healthcare by way of consulting through video-calling, transferring medical images, and monitoring vital signs to manage their health by themselves. Moreover, targeted web pages also help in the improvisation of health behaviors and raising awareness about good health and healthy food habits. Global telemedicine market is projected to witness a CAGR of 14.58% during the forecast period to grow from US$13.329 billion in 2018 to US$30.163 billion in 2024.         

The telemedicine market is further analyzed through sub-segments: byService Type (Telecare, Tele-education, Telemonitoring, Telesurgery, Teletraining, Teleconsultation, Others)Usage (Teledermatology, Teleneurology, Telecardiology, Teleorthopedics, Teleradiology, Others), Solutions (Hardware, Software, Services), & Geography (North America, South America, Europe, Middle East and Africa, Asia Pacific)

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This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

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Some of the companies covered as part of this report are IBM, GE, Siemens, Honeywell, McKesson and Cerner along with several other players.

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

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