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HIPAA Complaint Video Consultations Gain Patient Acceptance; Video Telemedicine Market to Garner CAGR of ~13% during 2020 - 2030, Finds TMR
ALBANY, New York, June 9, 2020 /PRNewswire/ -- Video telemedicine has become an integral part of remote health care services, gaining popularity due to their use in chronic disease management, driving the evolution of the video telemedicine market. In the light of emerging coronavirus disease (COVID-19) pandemic and subsequent social distancing restrictions, video telemedicine services have become a necessity for a substantial portion of patient populations, especially in disease diagnosis. Video call tools and software in telemedicine are gaining wide acceptance among clinicians and patients, increasingly supported by government initiatives and a favorable regulatory framework. In 2019, the global valuation of video telemedicine market stood at one billion dollars in revenue. During the forecast period of 2020–2030, it is expected to rise at compound annual growth rate of ~13%. In coming years, video chat apps will gain prominence among patient population. By the end of 2030, the valuation will climb to ~US$ 4 bn. Analysts at Transparency Market Research opine the increasing trend of psychological counselling will pave way to substantial revenues in the video telemedicine market. They assert that players to reap the benefit of larger adoption should focus on the convenience of end users. https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=536 Key Findings of Video Telemedicine Market Report
Explore 185 pages of top-notch research, incisive insights, and detailed country-level projections of Ancillary Services for Video Telemedicine Market (Communication Technology: 3G, 4G, 5G, Asymmetric Digital Subscriber Line [ADSL], Broadband Integrated Services Digital Network [ISDN], and Satellite Communication; Application: Oncology, Cardiology, Dermatology, Gynecology, Orthopedics, Neurology, and Others; Component: Hardware, Software, and Services; and End User: Hospitals, Clinics, Home Care Services, and Others) - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030 at https://www.transparencymarketresearch.com/report-toc/536 Video Telemedicine Market: Key Driving Factors and Promising Avenues Numerous healthcare industry trends and factors related to providers and payers drive the expansion of the video telemedicine market.
Key Impediments to Video Telemedicine Market Players Despite the advantages of telemedicine in improving the access to quality and timely care, the video telemedicine market has some genuine challenges.
Video Telemedicine Market: Competitive Landscape The video telemedicine market has seen companies who aspire to tap into opportunities harp on the cost and time benefits of video telemedicine. They are expected to unveil cost-effective video telemedicine integrated solutions. Several players are leaning on developing software and solutions that can be integrated with web-based systems of healthcare facilities. At present, the competitive landscape is characterized by relatively few players, accounting for high degree of consolidation of shares. Some of the promising players in the video telemedicine market are Vidyo Inc., Cisco Systems, Inc., Huawei Technologies Co Ltd., Amwell, GlobalMed Inc., and Siemens Healthcare GmbH. Purchase the Video Telemedicine Market Report - https://www.transparencymarketresearch.com/checkout.php?rep_id=536<ype=S Global Video Telemedicine Market: Segmentation
Explore Transparency Market Research's award-winning coverage of the global pharmaceutical industry: Telehealth Market - The telehealth market is riding on the wave of growth. This is because telehealth is no longer an option, but a necessity due to the increasing dangers of COVID-19. The crisis is serving as an opportunity for the telehealth market to grow at a rapid pace. During this uncertain COVID-19 pandemic, telehealth serves as a boon. With a large populace forced to stay at home due to the lockdowns imposed to flatten the curve of the SARS-CoV-2 pandemic, telehealth technology plays an important role for routine clinical follow-ups and treatment. Telemedicine Market - The telemedicine industry is growing at an unprecedented pace as new opportunities emerge in the global healthcare industry. The relevance of telemedicine can be gauged from the growing using of digital technologies in the healthcare industry. The advent of electronic health records that provide holistic information about patients' medical history has emerged as a resilient trend. Telemedicine is a part of the global healthcare ecosystem that can help in expediting the process of healthcare treatment. The ability to remotely communicate with the patients helps doctors in creating a virtual platform for providing recommendations and advise. COVID-19 Detection Kits Market - The growth of the global COVID-19 detection kits market relies on the responsiveness of countries to contain the spread of the coronavirus. The pandemic has wreaked havoc across the healthcare industry, and has led medical researchers to redirect all their might towards developing test kits and antidotes for coronavirus. The World Health Organization (WHO) declared the coronavirus as a global health emergency, following an outbreak of cases in several parts of the world. Currently, more than 180 countries have reported cases of coronavirus in individuals of all age groups. Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions. About Us Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision. Contact Website: http://www.transparencymarketresearch.com Logo: https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg
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