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 “Telemedicine 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 Telemedicine Market:
- SnapMD, Inc.
- MDLIVE Inc.
- Encounter Telemedicine
- InTouch Technologies, Inc.
Advent of Technology, such as Cardiology and Radiology to Promote Growth of Market
An important factor fueling the demand for telemedicine technology in the world market is the rise in the aged population and their vulnerability towards various health problems. Expansion of healthcare infrastructure and improving healthcare and medical services are promoting the growth of telemedicine software worldwide. In addition, paying frequent visits to the hospital may also be a hassle, especially when dealing with aged people. Telemedicine provides a platform for treating patients without the need to visit clinics and hospitals.
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Telemedicine is cost-effective, which is a key factor fueling their demand worldwide. Besides this, the gradual shift from traditional health consultation to teleconsultation is also driving the market. Telemedicine technology has the potential to address the medical needs of the unmet population, therefore, governments are also supporting this software in order to meet the medical needs of their people. Furthermore, the advent of advanced technologies such as radiology, behavioral health, cardiology, and others is expected to boost the telemedicine technology market in the near future.
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.
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