Telemedicine Market to Reach US$ 202.8 Billion by 2027 Globally |CAGR

18.5%| UnivDatos Market Insights - Seite 2

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COVID-19 Impact

The sudden outburst of the COVID-19 pandemic has fetched the entire world to a stoppage. As hospitals are getting occupied with COVID-19 cases, the burden on healthcare staff witnessed a significant rise. Currently, Telemedicine has appeared as a defendant in the combat against the COVID-19 pandemic. The majority of the patients are using virtual visit facilities for their safety. For instance, Teladoc Health Inc. reported a 60% intensification in the number of virtual sessions and reached 2 million in just three months from January to March 2020, compared to the fourth quarter of 2019. Also, according to the Vidyo Telehealth Adoption Survey 2019, 46% of surveyed health care benefactors (hospitals and clinics) practice live videoconferencing, and 41% practice Remote Patient Monitoring for medical care. The Store-and-Forward province is third with 26%.  These statistics indicate that virtual assessments are likely to become a more promising part of patient care.

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Telemedicine Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Service, the market is primarily bifurcated into

• Tele-consulting
• Tele-monitoring
• Tele-education

The Tele-consulting segment generated more than 45% revenue in 2020. The market is expected to grow at a significant rate during the forecast period as it allows patients to have an appointment with experts at any time, without any waiting period.

By Specialty, the market is primarily segmented into

• Cardiology
• Neurology
• Dermatology
• Gynecology
• Orthopedics
• Mental health
• Others

Amongst Specialty, the Mental health or Telepsychiatry segment dominated the market by adding 21% revenue in 2020.

By Delivery mode, the market is primarily bifurcated into

• Web/Mobile
• Call Canters

The Web/Mobile segment accounted for the major revenue portion of 75.2% in 2020. The sector is anticipated to observe significant growth in the upcoming years through offering direct admittance to care delivery solutions.