About Emergency Telemedicine Services
Emergency Telemedicine service is an emerging service model used to provide services to physicians and healthcare suppliers. Telemedicine service is also called telehealth or e-health. Earlier telemedicine was adopted to provide services in civil wars and military situations to deals with medical consultation and ordering medical supplies. The telecommunication and information technology used in telemedicine to utilize overcome the barrier of distance and improve the medical transcription services at the end-user level. These services allow healthcare providers to diagnose, evaluate and treat the patients without the in-person visit. With the help of information technology and its exponential level bringing affordability and accessibility to telemedicine services which change the market scenario faster than ever before.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market studied is moderately competitive owing to the presence of many small and large market players. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence, by introducing new products with fewer prices. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Emergency Telemedicine Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aerotel Medical Systems Ltd. (Israel), Allscripts Healthcare Solutions, Inc. (United States), BioTelemetry, Inc. (United States), Honeywell HomMed LLC (United States), AMD Global Telemedicine, Inc. (United States) and OBS Medical Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are LifeWatch AG (Switzerland), Medtronic Inc. (United States), Siemens Healthcare (Germany) and McKesson Corp (United States).
Segmentation Overview
AMA Research has segmented the market of Global Emergency Telemedicine Services market by Type (Tele-consultation, Tele-monitoring, Tele-education, Tele-care, Tele-training and Tele-surgery) and Region.
On the basis of geography, the market of Emergency Telemedicine Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Disease, the sub-segment i.e. Cardiology will boost the Emergency Telemedicine Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Emergency Telemedicine Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High adoption due to Favorable government initiatives
Market Growth Drivers:
Rising prevalence of chronic conditions and Increasing Geriatric population as well as need to expand healthcare access
Challenges:
Security and Privacy Concerns Associated with Patients Data and lack of awareness
Restraints:
Higher cost of data management devices and telecommunication devices
Opportunities:
The increasing use of internet and teleradiology services
Market Leaders and their expansionary development strategies
In May 2023, American Telemedicine Association partners with Amazon to launch "Ask Alexa" feature: The American Telemedicine Association (ATA) partnered with Amazon an "Ask Alexa" feature that provides patients with information about telemedicine services. This partnership aims to raise awareness of telemedicine and make it easier for patients to find care.
In March 2023, American Well launches new on-demand urgent care service: American Well, another major player in the telehealth space, launched a new on-demand urgent care service. This service allows patients to connect with a doctor via video chat for immediate, non-emergency medical care.
Key Target Audience
Telemedicine Monitory System Providers, Government Research Organisation, Private Research Organisation, Government Regulatory Bodies and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.