Scope of the Study
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.
The market study is being classified by Type (COPD Telemedicine Monitoring Systems, Glucose Level Telemedicine Monitoring Systems, Blood Pressure Telemedicine Monitoring Systems, Cardiac Telemedicine Monitoring Systems and Others), by Application (Hospitals, Clinics and Others) and major geographies with country level break-up. According to AMA, the Global Telemedicine Monitoring Systems market is expected to see growth rate of 19.2%
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) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Lifewatch (United States).
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 Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Telemedicine Monitoring Systems market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Telemedicine Monitoring Systems market by Type, Application and Region.
On the basis of geography, the market of Telemedicine Monitoring Systems 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). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising cases of COVID-19 infections across the globe
- Increasing prevalence of chronic diseases
- Growing number of smartphone users
- Technological advancements related to mobile phones and internet
- Lack of knowledge and trust in developing countries
- Greater need for cost-saving in healthcare delivery
- Long waiting time in hospitals for disease treatment
- Favorable government initiatives
- Security and privacy concerns
Market Leaders and their expansionary development strategies
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.
Key Target AudienceTelemedicine Monitory System Providers, Government Research Organisation, Private Research Organisation, Government Regulatory Bodies and Other
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase