The telemedicine market is expected to grow by 2031: Trending Market Research-Energy Alert

2021-11-16 21:16:21 By : Ms. Spring Zhang

It is conceivable that the focus of telemedicine technology is the elderly, underserved people and their caregivers, people with chronic diseases, family members and employees, and fitness-oriented people. The implementation of telemedicine is expanding worldwide. This can be attributed to its ability to enhance the nature of care, reach out to patients in the rural network, reduce hospitalizations and readmissions, increase patient participation, and improve time management and accommodation. In addition, telemedicine has solved the global shortage of doctors. The increase in the prevalence of chronic diseases, the increase in the elderly population and the increase in the cost of medical care services are the factors driving this market. Up to now, mHealth (mobile health) is considered to be the most used telemedicine. With a wide variety of multifunctional health applications and new customer-friendly mobile treatment devices on the market, patients currently rely on technology to screen and track their health.

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Telemedicine has made great strides in communication innovation to enable healthcare professionals to provide financially proficient and effective healthcare, distance learning for patients, supervision, reduction of waste and physical appointment requirements, and improvement of the time proficiency of healthcare professionals Degree etc. Generally speaking, the integration of the medical system and the reduction of the shortage of medical experts worldwide are another aspect of innovation. The driving factors of the telemedicine market include increased demand for medical care services in rural areas, increased measures taken by the government to meet the health needs of the rural population, advanced information technology infrastructure, and an increase in the number of telemedicine service providers.

On the other hand, the lack of reimbursement, management problems, lack of doctor’s knowledge and recognition, poor connection, high installation costs, and poor network quality in underdeveloped areas, especially in emerging countries around the world, lack of awareness are some constraints on the expansion of the telemedicine market. aspect.

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In 2016, GlobalMed accepted TreatMD. TreatMD has helped GlobalMed connect with doctors and patients around the world. It is believed that the transaction will create synergy between TreatMD's direct-to-customer telemedicine technology and the GlobalMed telemedicine technology established between customers. In the same year, Medvivo, one of the well-known telemedicine companies, took over Expert 24. Its main goal was to expand its regional distribution and product lines throughout the United States, Europe and the United Kingdom.

In November 2017, BioTelemetry, Inc. reported its contract with Apple Inc. to allow the provision of cardiac monitoring services based on the Apple Heart Research. Also in the same period, Telcare (a division of BioTelemetry) was the world's first manufacturer of cellular glucose monitors authorized by the FDA, and established a strategic partnership with Onduo, which was established by Sanofi and Verily (a company Alphabet company). In the combined joint venture, Telcare is considered the provider of the remote blood glucose system and provides follow-up data to patients recruited by Onduo's pioneering diabetes management program.

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In addition to the growth of teleclinical companies, increasing the number of virtual medical centers are some trends found in the global telemedicine market. In rural areas, the shortage of doctors is considered to bring new prospects for the expansion of the global telemedicine market. Some well-known companies operating in the global telemedicine market are AMD Telemedicine, Philips Healthcare, Cardio Net Inc. McKesson Ltd., and GE Healthcare Ltd.. Given the growing potential of developing countries (such as Russia and Brazil), the most important market players are focusing on increasing services in these regions.

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