Global Telemedicine Monitoring Systems Market Overview:
Telemedicine is rapidly transforming the healthcare industry, and in the next few years, it is expected to become the most accepted and used method of diagnosis and prescription. Advent of technological improvements related to mobile and internet will be conducive to market expansion. Telehomecare is an innovative way to provide care, monitor a patient, and provide information, by using the latest technology in telecommunication. Monitoring allows early identification of disease, and thus, preventing chronic conditions.
As per latest study released by AMA Research, the Global Telemedicine Monitoring Systems market is expected to see growth rate of 19.2%Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Rising cases of COVID-19 infections across the globe
- Increasing prevalence of chronic diseases
Roadblocks
- Lack of knowledge and trust in developing countries
Opportunities
- Greater need for cost-saving in healthcare delivery
- Long waiting time in hospitals for disease treatment
- Favorable government initiatives
Challenges
- Security and privacy concerns
Competitive Landscape:
The market studied is a 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
Some of the key players profiled in the report are AMD Global Telemedicine (United States), Medtronic (United States), Philips (Netherlands), Aerotel Medical Systems (United States), Biotelemetry Inc (United States), Tyto Care Inc. (New York), Honeywell Lifesciences (United States), Intouch Technologies (United States), Shl Telemedicine Ltd. (Isreal) and Allscripts Healthcare Solutions (United States). Additionally, following companies can also be profiled that are part of our coverage like Lifewatch (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Telemedicine Monitoring Systems market by 2027. Considering Market by Specialty, the sub-segment i.e. Cardiology will boost the Telemedicine Monitoring Systems market. Considering Market by Platform, the sub-segment i.e. Web/Mobile (Telephonic, Visualized) will boost the Telemedicine Monitoring Systems market.
Latest Market Insights:
In January 2020, Teladoc announced a definitive agreement to acquire InTouch Health. This acquisition will enable the company to establish a leading position in the virtual care industry. It will also enable the company to provide full range of acuity from chronic care to critical an everyday care.
In November 2019, American Well announced acquisition of Aligned Telehealth to expand its behavioral health virtual care service portfolio. This acquisition have enabled the company to increase its customer base and strengthen its market position.
What Can be Explored with the Telemedicine Monitoring Systems Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Telemedicine Monitoring Systems Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Telemedicine Monitoring Systems
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Telemedicine Monitoring Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Telemedicine Monitoring Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Telemedicine Monitory System Providers, Government Research Organisation, Private Research Organisation, Government Regulatory Bodies and Other.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.