The ongoing COVID-19 pandemic has emerged as one of the key drivers fueling the expansion of the video telemedicine market.
Video Telemedicine Emerges as First Option for Diagnosis amidst COVID-19 Pandemic
The ongoing COVID-19 (coronavirus) pandemic has emerged as one of the key drivers fueling the expansion of the video telemedicine market. Since most individuals are preferring remote healthcare advices due to self-isolation norms, the growth of the video telemedicine market has skyrocketed in the past couple of months. However, individuals belonging to lower income groups are unable to avail the benefits of video telemedicine, thus creating a significant gap in the fulfillment of individual expectations. Since, individuals from low income groups are unable to use video telemedicine services, the risk of individuals acquiring the novel infection is predicted to increase in the upcoming months.
Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=536
Stress and social isolation are fueling the demand for remote behavioral and mental health diagnosis. Most individuals have satisfactory responses toward telehealth services; however, the elderly population is still reluctant to adopt telehealth services during the COVID-19 era. The novel coronavirus has changed the common perception of telehealth services being the distant second form of the diagnosis option to being one of the most preferred alternative to in-person consultation.
Request for Analysis of COVID-19 Impact on Video Telemedicine Market –
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=536
Insurance Companies Cover Video Telemedicine Services to Improve Patient Outcomes
With growing digital influx, individual physicians are increasingly adopting video telemedicine practices. Since most patients are living in the online and on-demand network, it has become imperative for clinicians to practice video telemedicine. Likewise, insurance companies and government-administered healthcare programs are also supporting telehealth services and technology solutions.
Buy Video Telemedicine Market Report at https://www.transparencymarketresearch.com/checkout.php?rep_id=536<ype=S
The video telemedicine market is estimated to cross the revenue ~US$ 4 Bn by the end of 2030. This is evident since hospitals are capitalizing on the trend of telehealth services to provide remote monitoring of the patient’s heart. Currently, cardiology applications generate the third-highest revenue in the video telemedicine market. Moreover, robust healthcare infrastructure of the U.S. has laws, which mandate insurance companies to cover telemedicine services in the same manner in which in-person services are handled.
Video Call Tools and Software Highly Preferred by Business Class Individuals
HIPAA (Health Insurance Portability and Accountability Act)-complaint video call tools and telemedicine software are bolstering the credibility of companies in the video telemedicine market. Innovative tools and software are favoring robust growth of the video telemedicine market, which is estimated to expand at a robust CAGR of ~13% during the forecast period. Thus, the trend of video telemedicine is eliminating the need to wait in long queues for obtaining medical test results or seek consultation from doctors.
The advantages of video telemedicine tools and software are being combined with smart devices that help to track pulse, temperature, and other measurements of patients. The video telemedicine market is advancing at a rapid pace since increasing number of businessmen and women are opting for telehealth services. Companies are keeping in mind the comfort and convenience of elderly patients, while innovating in video call tools and software.
Top of Form
Ask for Discount :
https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=536
Video Telemedicine Market: Competition Landscape
- This report profiles major players in the global video telemedicine market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments in video telemedicine market
- The global video telemedicine market is highly consolidated, with presence of small number of players
- Major players in the global video telemedicine market include American Well, Siemens Healthcare GmbH, GlobalMed Inc., Amwell, Huawei Technologies Co Ltd., VSee lab Inc., Cisco Systems, Inc., Vidyo Inc., and LIFESIZE, INC.
Video Telemedicine Market: Key Developments
- Key players in the global video telemedicine market are engaged in product specification and pricing, which are the major contributing factors in determining the market position of the companies. Several market players are following the growth strategy adopted by Cisco Systems, Inc. and Huawei’s Telemedicine Solution of focusing on diversification and updating of the product portfolio, acquisitions, and geographical expansion of the business in order to gain market share and profits.
- The report on the global video telemedicine market discussed individual strategies, followed by company profiles of manufacturers of video telemedicine products. The competition landscape section has been included in the video telemedicine market report to provide readers with a dashboard view and a company market share analysis of key players operating in the global market.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453