Summary
The global Telemedicine Software Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Telemedicine refers to electronic medical services and related information delivered by electronic means and accessed through telephone communications. It allows long-distance patient care, physician and clinician communication, information, care, reminders, education, counseling, monitoring, and emergency appointments. It also enables quick exchange of vital sign information like blood pressure and ECG for monitoring at a private facility or urgent care center. The exchange of appointment scheduling is done via text messaging which is easy, convenient, safe, secure, and confidential.
Market Dynamics
Emergence of Covid-19 is expected to propel the growth of the telemedicine software market over the forecast period. For instance, globally, as of 6:40 pm CEST, 27 October 2021, there have been 244,385,444 confirmed cases of COVID-19, including 4,961,489 deaths, reported to WHO. As of 25 October 2021, a total of 6,697,607,393 vaccine doses have been administered.
Increasing awareness regarding mental health is expected to offer lucrative growth opportunities for players in the telemedicine software market. For instance, in June 2021, Monarch, an online mental health directory and scheduling platform by SimplePractice partnered with Alexi Pappas, an Olympic runner, filmmaker, actor, writer, and mental health advocate, to destigmatize mental health care.
Moreover, raising funds is also expected to offer lucrative growth opportunities for players in the telemedicine software market. For instance, in July 2021, DrChrono raised US$ 12 million to expand the telehealth offerings on the DrChrono platform. Similarly, in September 2021, eVisit raised US$ 45 million in a Series B round to build its Virtual Care platform.
Major players operating in the global telemedicine software market are focused on launching new services to expand their product portfolio. For instance, in October 2021, NorthShore University HealthSystem partnered with TytoCare, an on-demand, remote medical exam provider, to expand its telehealth offerings.
Key Takeaways
- Emergence of Covid-19 is expected to propel growth of the telemedicine software market over the forecast period
- Major players operating in the global telemedicine software market are focused on launching new services to expand their product portfolio. For instance, in September 2021, iXensor, a Taipei-based mobile health platform, launched a new telehealth service to support fertility monitoring at home.
- Major players operating in the global telemedicine software market include, SimplePractice, TheraNest, Drchrono, Doxy.Me, Mend VIP, Meditab Software, EVisit, ISALUS Healthcare, Thera-LINK, Chiron Health, OnCall Health, Secure Telehealth, Blink Session, EMR-Bear, PatientClick, TheraPlatform, VSee, Acetiam, Carbon Health, MouthWatch, WiCis, Fruit Street, Cloud DX, AMD Global Telemedicine, Genix Technologies, AKTIV, and SWYMED
The Telemedicine Software Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST, and Porter’s Five Forces analyses of the Telemedicine Software Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- SimplePractice
- TheraNest
- Drchrono
- Doxy.Me
- Mend VIP
- Meditab Software
- EVisit
- ISALUS Healthcare
- Thera-LINK
- Chiron Health
- OnCall Health
- Secure Telehealth
- Blink Session
- EMR-Bear
- PatientClick
- TheraPlatform
- VSee
- Acetiam
- Carbon Health
- MouthWatch
- WiCis
- Fruit Street
- Cloud DX
- AMD Global Telemedicine
- Genix Technologies
- AKTIV
- SWYMED
By Product Type, the market is primarily segmented into:
- Up to 10 Users
- Up to 30 Users
- Infinite Users
By Applications, the market is segmented into:
- Therapeutist
- Psychologist
- Social Worker
- Instructor
The report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Telemedicine Software Market Report:
- To assess the size of the market by value and volume
- Analyze the Telemedicine Software Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Telemedicine Software Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state–of–the–art tools and the current primary and secondary research approaches
- Discuss major factors that impact the growth of the Telemedicine Software Market
The Telemedicine Software Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Telemedicine Software Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type, and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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