Pune, India, March 10, 2021 (Global News)-According to the report, the telemedicine market is expected to reach 396.76 billion USD by 2027, with a compound annual growth rate of 25.8%. The value of the telemedicine industry is $41.63 billion. 2019. The global telemedicine market will gain momentum from the introduction of artificial intelligence (AI)-powered booths in local shopping malls. The system can dispense more than 100 medicines from the smart medicine cabinet.
According to CMS, in the United States alone, health care spending in 2018 reached 3.6 trillion US dollars. It shows a growth of 4.6%. This indicates that out-of-pocket expenses and the rising incidence of chronic diseases have increased the cost of medical care. In addition, the increasing popularity of remote consultation and digital technology will promote the growth of the telemedicine market in the near future.
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Remote consulting services are cost-effective and can help healthcare professionals save time. Therefore, governments of all countries are trying to implement telemedicine services in their medical infrastructure. However, the lack of skilled healthcare professionals may hinder the demand for medications during this time.
Based on the type, due to the increasing deployment of electronic consulting services in global hospitals, the service field may remain at the forefront in the next few years. Merritt Hawkins (Merritt Hawkins) survey shows that the average waiting time for dermatologists in the United States increased from 28.8 days in 2014 to 32.2 days in 2017. The decline in the number of dermatologists is expected to promote the adoption of remote and virtual diagnostic services, thereby promoting the development of this field. Grow.
In 2019, North America generated $17.9 billion in telemedicine market share. This growth is attributed to the emergence of well-known companies such as MDLive and Teladoc in the region. At the same time, more and more remote consultations and strong support from government agencies will promote the growth of the region.
In Europe, the increasing use of digital healthcare will contribute to growth due to the implementation of favorable guidelines by government agencies. It is expected that in the next few years, with the surge in chronic disease cases, the region will continue to maintain its second position. For example, the British Skin Foundation mentioned that the United Kingdom shows about 100,000 new cases of skin cancer each year.
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There are many well-known companies in the global market for telemedicine, and these companies mainly focus on partnerships and acquisition strategies. They do this to expand their product portfolio and win a large consumer base. The following are the two latest industry developments:
VivaBem and Doktor.se have jointly raised approximately US$2.5 million. The fund will help them improve their existing products by integrating Doktor.se’s AI-driven technology. It will further improve users’ experience in health and healthcare services, long-term care management and telemedicine.
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Post time: Mar-11-2021