What is Telemedicine Equipment Market?
Telemedicine equipment can help healthcare providers even when patients are physically present, if in a hospital, clinic, doctor's office, or non-clinical setting. Telemedicine carts are mobile workstations that equip employees with all they need to give care, capture and transmit patient medical data, and consult with other doctors remotely. Telemedicine's most common uses are video consultations, medical picture transfer, and vital sign monitoring, among others.
The market study is being classified by Type (Telemedicine Carts, TytoCare, Peripherals, Touchpoint Tablet, Telemedicine Kiosks, Digital Camara, Hospital TV Kit, Mobile Medical Devices and Others), by Application (Tele-consultation, Teleradiology, Telecardiology, Telepathology, Tele-psychiatry, Tele-dermatology and Other) and major geographies with country level break-up.
Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), GE Healthcare (United States), Cerner Corporation (United States), Jintronix. (United States), Care Innovations, LLC. (United States), Cisco Systems, Inc. (United States), Teladoc Health Inc. (United States), AMC Health (United States), Siemens Healthineers (Germany), MDLive (United States), Medvivo Group Ltd (United Kingdom), MIRA Rehab Limited (UK) and Asahi Kasie Corporation (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Iron Bow Technologies (United States), Telespecialists Llc (United States), GlobalMed (United States), MedWeb (United States), IMediplus Inc. (China), Vsee (United States), Chiron Health (United States) and Zipnosis (United States).
The top leader companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Telemedicine Equipment market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Telemedicine Equipment market by Type, Application and Region.
On the basis of geography, the market of Telemedicine Equipment 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rise of High Demand during Covid-19 Pandemic Due to Global Shortage of Hospital Beds and Healthcare Workers
- Increase in Demand of Chronic Disease Such as Congestive Heart Failure, Orthopaedic Injuries, and Others
Market Trend
- The trend of Telemedicine Equipment Such as Wearable EKG/ECG, Blood Pressure and Blood Glucose Monitors Allow Interaction in Real-Time
Restraints
- High-Cost Process and Poor-Quality Communication in Undeveloped Areas
Opportunities
- Expanding Rapidly in Healthcare Facilities
- Highly Preferable and Adopted Among the Patients Live in Remote Areas
Challenges
- Unfamiliarity with Technology in Older Peoples and Lack of Behavioral Interaction with Doctors
Market Leaders and some development strategies
On 24 Aug 2020, Google Cloud and Amwell announce the partnership to provide transformative telehealth solutions throughout the global healthcare environment. The partnership will help companies plan to increase virtual care access, improve patient and clinician experiences, and use their unique skills to provide innovative, distinctive healthcare solutions throughout the continuum of care. Google Cloud and Amwell view this partnership as a way to improve patient and clinician telehealth experiences by developing technology that can streamline the waiting room and checkout process, as well as providing automated language translation services.
On 04 May 2021, MediTelecare launch, the market leader in telehealth announces the launch of MediTely, a direct-to-consumer service, bringing its world-class mobile telehealth technology to the elderly outside of long-term care institutions. By offering individualized care coordination and specialized therapy, MediTely extends MediTelecare's successful behavioral telehealth paradigm to the elderly population living independently. immediately was inspired by a significant scarcity of skilled and dedicated clinicians for older individuals, as well as diverse options available to this population.
Key Target Audience
Telemedicine Equipment Manufacture, Distributors and Suppliers, International Traders, Research and Development Institutes, Financial Institutes and Investors, Upstream and Downstream Buyer, Regulatory Bodies and Others