Telemedicine Market– Global Industry Insights, Size, Share, Trends, Outlook Analysis 2019–2023
Increasing Prevalence
of Chronic Diseases to Augment the Global Telemedicine Market During the
Forecast Period (2014-2023)
Market
Scenario
The Global Telemedicine Market is presumed to garner USD
56,738.3 during the forecast period (2014-2023). The market is expected to
project 16.8% CAGR owing to the prevalence of chronic diseases, asserts Market
Research Future (MRFR). Telemedicine is referred
to as the remote delivery of healthcare services like consultations over
teleconference or telecommunication, which enables healthcare professionals to
diagnose, evaluate, and treat patients. It
serves as a provision for several remote clinical services which helps in the
two-way communication between the patient and healthcare provider.
Get Free Sample Copy at https://www.marketresearchfuture.com/sample_request/2216
Competitive
Dashboard
The prominent players operating the Global Telemedicine
Market are Iris Telehealth, Cardiocom, AMD Global Telemedicine Inc., Cisco,
Aerotel Medical Systems Ltd., Cerner Corporation, Tunstall Healthcare,
Honeywell Lifesciences, CareClix, GENERAL ELECTRIC, Care Innovations, CardioNet,
SHL Telemedicine, Allscripts Healthcare Solutions, Aerotel Medical Systems,
TeleVital, Koninklijke Philips N.V., Intel Corporation, Medvivo Group Ltd., IBM
Corporation, Medtronic, and others.
Drivers
and Constraints Impacting the Market
With the increasing adoption of electronic medical record
and electronic health record, the global telemedicine market is likely to
flourish during the assessment period. Growing incidences of chronic diseases
such as cancer and diabetes coupled with the increasing demand for improving
the healthcare services are boosting the market. Healthcare organizations are
also adopting digital healthcare platforms in
order to enable remote monitoring of the patients. Remote monitoring
will foster the efficiency of operations and will also reduce the cost.
Moreover, such technology platforms provide a wide range of healthcare needs
such as clinical disease support, chronic disease management, and population
health management. Such benefits are further considered to stimulate the market
growth of telemedicine in the coming years.
On the flip side, high cost of implementing telemedicine systems such as EHR and EMR is
considered to retard the global telemedicine market. Strict regulations
associated with telemedicine are anticipated to hinder the growth across the
globe. Moreover, lack of technical expertise and underdeveloped infrastructure
in the developing countries acts as a barrier to the growth of the market.
Global
Telemedicine Market: Segmental Analysis
The Telemedicine Market is segmented on
the basis of component, service type, application, deployment, end-user, and
region.
By mode of service type, the Global Telemedicine Market has
been segmented into telepharmacy,
telenursing, teledermatology, teleradiology, tele-oncology, and others.
By mode of component,
the Global Telemedicine Market has been
segmented into hardware and software. Among these, the software segment
has been sub-segmented into standalone software and integrated software. The
hardware segment has been sub-segmented into medical peripheral devices and
monitors.
By mode of deployment, the Global Telemedicine Market has
been segmented into on-premise and
cloud-based. Among these, the cloud-based deployment holds the major market
share and is estimated to maintain its dominance over the forecast period.
By mode of application, the Global Telemedicine Market has
been segmented into ophthalmology,
cardiology, radiology, psychiatry, dermatology, and others.
By mode of end-users, the global telemedicine market has been segmented into homecare, hospitals, and
clinics.
Browse Full Reports at https://www.marketresearchfuture.com/reports/telemedicine-market-2216
Regional
Insights
Geographically, the telemedicine market span across
regions namely, America, Europe, Asia Pacific, and the Middle East and Africa.
Among all the regions, America is considered to dominate
the Global Telemedicine Market owing to the increased adoption of healthcare IT
and a well-developed healthcare sector in this region. Also, the presence of
major market players coupled with increasing expenditure on healthcare is considered
to stimulate the market growth in this
region.
Europe holds the second position due to
the rising adoption of latest technologies
along with growing government support to address the healthcare demands. The Asia Pacific region is the fastest growing
region owing to the presence of huge
patient population. Also, with the expanding telemedicine sector, the market is
likely to flourish in this region. Also, the presence of developing countries
such as Australia, India, and China are expected to augment the growth of the
market.
Industry
Updates
November 08, 2018: A leading owner and operator of
medical cannabis and wellness clinics in the US, Empower Clinics Inc, has
recently announced that it is completing a telemedicine platform that will
allow interested patients across the globe to connect with its specialized
medical doctors.
Comments
Post a Comment