Telemedicine Technologies and Services Market is Predicted to Rise at a CAGR of 13.8% during the Forecast Period, observes TMR Study
ALBANY, N.Y., June 23, 2022 /PRNewswire/ -- The value of the global telemedicine technologies and services market stood at US$ 144.2 Bn in 2021. Future market outlook for telemedicine technologies and services estimates the market to rise at CAGR of 13.8% during the forecast period, from 2022 to 2031. The global telemedicine technologies and services market is likely to surpass valuation of US$ 526.7 Bn by 2031. The global telemedicine technologies and services market is likely to be propelled by the increasing use of telemedicine technologies and services in several specialized fields such as cardiology, gynecology, dermatology, and neurology. Telemedicine technology and services are becoming more popular due to their simplicity of use and the growing adoption of smartphones and 4G and 3G networks.
Furthermore, as a result of the COVID-19 outbreak, telemedicine technology and services gained appeal during lockdown conditions. Additionally, in order to expand their position in the global market, major businesses are focused on improving their distribution networks, launching new products, and exploring different regions.
The utilization of telecommunications and information technology to communicate information and deliver education, clinical treatment, administrative and public health services is referred to as telemedicine technologies and services. Telemedicine technologies and services market demand analysis predict that using telecommunication technology, telemedicine has been quite effective in treating patients at a faraway place. It uses modern technological innovation to transfer medical data and information from one place to another. Telemedicine services enable patients to get healthcare services via a smartphone app or computer.
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Key Findings of Market Report
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Global Telemedicine Technologies and Services Market: Growth Drivers
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Global Telemedicine Technologies and Services Market: Key Players
Some of the key market players are
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Global Telemedicine Technologies and Services Market: Segmentation
Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research:
Telemedicine Market: Increasing incidences of chronic and other acute diseases, ageing & baby boomers population, technological advancements awareness about the Telehealth services, and increase in healthcare expenditure are projected to drive the Telemedicine market during the forecast period.
Video Telemedicine Market: increase in developments in the healthcare industry, rise in prevalence of chronic disorders, and surge in geriatric population are projected to augment the global video telemedicine market. Additionally, initiatives to provide healthcare services in remote areas is a critical factor anticipated to propel the global telemedicine market during the forecast period.
Telehealth Market: The global telehealth market is driven by increase in population, need to expand healthcare access, rise in cases of chronic diseases and conditions, shortage of physicians, advancements in telecommunications, government support, surge in awareness, and increase in technology adoption in the wake of COVID-19.
Teleradiology Market: Companies in the global teleradiology Market are undergoing strategic acquisitions and various product launch which enable product distribution in various regions and also strengthen their market share in global market.
mHealth Monitoring Diagnostic Medical Devices Market: Rise in prevalence of chronic disorders, aging population, technological advancements, entry of new players, and increase in access to health care are projected to drive the global mHealth monitoring diagnostic medical devices market.
mHealth Market: The global mHealth market is expected to witness massive growth rate in the coming years of the forecast period. For one, the outbreak of the COVID-19 pandemic has become a catalyst for the development of the global market.
Veterinary Dermatology Drugs Market: The veterinary dermatology drugs market has witnessed a meaningful surge over the years, due to the rising awareness concerning veterinary care. Growing urbanization and increasing number of pet animals are anticipated to influence the growth of the veterinary dermatology drugs market.
Ozone Therapy in Dermatology Market: Rise in the development of technologically-advanced ozone generators and significant rise in the adoption of ozone therapy among patients across the globe in the past few years are projected to boost the growth of the global market during the forecast period.
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