(Wireless-NewsWire.Com, November 14, 2017 ) According to the report Telemedicine Market, published by Market Data Forecast, the Global market is projected to reach USD 68.25 billion by 2022, at a CAGR of 17.85% from 2017 to 2022.
Telemedicine refers to use to IT and telecommunication to provide healthcare. It is used in remote areas and rural villages. This helps patient to communicate with doctors without travelling long distances. Telemedicine also reduce the transmission of infectious diseases between medical staff and patient.
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Telemedicine Market: Drivers & Restraints
Innovations in technologies, growing use of remote patient monitoring system and increasing chronic diseases are the primary factors driving the growth of the market.
However, reimbursement issues, lack of skilled professionals and high costs of technology are major factors hampering the growth of the market.
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Telemedicine Market: Segmentation
• By Technology
• By Service
o Real-Time Interactive
• Emergency Care
• Home Health
By Delivery Mode
By End User
• North America
o United States
o South Korea
• Latin America
o Rest of Latin America
• Middle East & Africa
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Telemedicine Market: Overview
In 2017, the Service category had the largest share of the market. Growing use of remote monitoring and technological advancements are the major factors owing to the growth of this category. In 2017, Providers category is anticipated to have the largest market share. Huge demand for telehealth solutions is a major factor driving this category.
The Telemedicine Market is dominated by North America in 2017. North America was followed next in line by Europe and Asia-Pacific. Asia Pacific is expected to witness significant growth owing to increasing geriatric population, growing healthcare industry, increasing medical tourism and rising funds for telehealth.
Telemedicine Market: Key Players
The Telemedicine market is highly competitive with a large number of players. Some of the major Companies are AMD Global Telemedicine, CISCO Systems, Inc., Medtronic, Inc., Honeywell Lifesciences, Aerotel Medical Systems, GE Healthcare, Philips healthcare, McKesson Corp, Cerner Corporation, CardioComm. Other companies operating in this market are Apollo Hospitals, 3M, Robert Bosch Healthcare, LifeWatch AG, OBS Medical Ltd., Neosoft, SnapMD, Polycom Corp., F. Hoffmann-La Roche Ltd., InTouch Technologies, Inc.,Siemens Healthcare, Agfa HealthCare NV, Allscripts Healthcare Solutions, Biotelemetry, Inc.
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