Artificial Intelligence Improves Decision-Making in Global Telemedicine Market Booting Uptake, Says Fairfield Market Research - Seite 2

Huge R&D Inflows Ensure Teleradiology Segment Stays Ahead in Telemedicine Market

In 2019, teleradiology had the greatest share in the telemedicine market and will remain so for the foreseeable future. This is due to widespread adoption of picture archiving and communication systems (PACS) and greater investor interest in this segment. Increasing R&D investment in eHealth, the regulation and streamlining of teleradiology practices, and the integration of artificial intelligence (AI) are likely to benefit this segment in the telemedicine market.

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Hospitals Utilizing Telemedicine in Emergency, OPD, and Post-Hospitalization Care

Hospitals dominated the telemedicine market in 2019 and are poised to grow at a reasonably high rate for the forecast period. Telemedicine is especially useful in emergency care, but can also be of immense value in OPD and post-hospitalization care. Telehealth visits have skyrocketed in the COVID-19 era with some hospitals such as Mount Sinai Health System in New York City offering live footage of in-patient units to reduce the frequency of in-person appointments. This is projected to grow in the years ahead, making this segment well worth the while of companies in the telemedicine market.

Multiple Nationwide Insurance Covers Ensure North America Leads Telemedicine Market

North America accounts for the largest share of the telemedicine market in 2019 on account of supportive policies, the presence of global giants, and an ageing population. The American Telemedicine Association estimates there are 200 telemedicine programs in the country accessing nearly 3000 rural areas. In 46 states, Medicaid covers live video while 26 states cover the transmission fee, facility, or both.

COVID-19 devastated the U.S. and the federal and state governments have passed several reforms to aid growth in the telemedicine market. The Office for Advancements for Telehealth is actively involved in the promotion of telemedicine for information services, healthcare, and education in the U.S. Furthermore, the prevalence of mobile devices in the region allows the government to offer virtual care through tablets and smartphones to patients in far-flung areas.