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Telemedicine Market Trends

  • Report ID: GMI3129
  • Published Date: Jul 2024
  • Report Format: PDF

Telemedicine Market Trends

Innovations in areas such as video conferencing, mobile health apps, remote patient monitoring devices, and cloud-based platforms have significantly improved the capabilities and accessibility of telemedicine services. These technologies have enabled seamless virtual consultations, remote monitoring, and secure data exchange between healthcare providers and patients. In addition, the COVID-19 pandemic fuelled the adoption of telemedicine as it provided a safe and convenient way to deliver healthcare services while minimizing in-person contact.
 

  • For instance, in January 2024, Rudolf Riester GmbH announced the full market launch of its comprehensive telemedicine offering. The solution integrates various medical devices including the ri-sonic E-stethoscope with artificial intelligence (AI) platform, for early heart murmur detection and improved treatment decisions. This launch highlighted effective solution for patient monitoring in the telemedicine industry.
     

Therefore, the growing digital health investment, advancement in telemedicine devices, and its broadening horizons in research areas are further observed to drive the market growth.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The telemedicine market was valued at USD 130.5 billion in 2023 and will exhibit 16.4% CAGR during 2024-2032 driven by the increasing demand for remote healthcare services.

The market share from the software segment was worth USD 59.3 billion in 2023, owing to the features such as video conferencing, electronic health record (EHR) integration, patient portals, and remote monitoring capabilities of telemedicine software.

The U.S. telemedicine market was valued at USD 70.9 billion in the 2023 driven by increasing rates of chronic diseases.

AMC Health, AMD Global Telemedicine, American Well (Amwell), Cisco Systems, Inc., Eagle Telemedicine, GE HealthCare Technologies, Inc. , Health Catalyst Inc. , HIPAAVIDEO.net, Inc. , Honeywell International Inc, and Koninklijke Philips N.V among others

Telemedicine Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 22
  • Tables & Figures: 363
  • Countries covered: 21
  • Pages: 190
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