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The Global Telemedicine Market is expected to grow at a CAGR of 16.5% during the forecast period 2018-2023.Key Players in the Global Telemedicine Market:
Medtronic (Ireland), AMD Telemedicine Technologies (U.S.), Koninklijke Philips N.V. (The Netherlands), General Electric Company (U.K), Intel (US), Neusoft Corporation (China), McKesson Corporation (U.S.), IBM (U.S.), and others are some of the prominent players at the forefront of competition in the Global Telemedicine Market and are profiled in MRFR Analysis.
Industry Overview in the Global Telemedicine Market:
Telemedicine serves as a provision for various remote clinical services, which incur with the help of real-time, two-way communication between the patient and the healthcare provider. This involves the application of a variety of electronic, audio, and visual means. Increasing adoption of electronic health record (EHR)/ electronic medical record (EMR) is a major driver for market growth during the forecast period. Office of the National Coordinator for Health Information Technology (ONC) stated that in 2015 about 64% of the physicians used electronic health record (EHR) with the capability to exchange secure messages with patients.
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The noted increase was over 50% from 2013. Moreover, the increasing prevalence of chronic diseases like diabetes, cancer, besides others and a dearth of physicians in the presence of increasing health care services demands boosts the market growth. According to the National Cancer Institute in 2016, an estimated 1,685,210 new cases of cancer were diagnosed in the U.S., and about 595,690 died from the disease. Additionally, a study published in the Journal of Medical Internet Research stated that the Chinese American Physicians E-Hospital became operable in 2015. This E-hospital provides online customer service from the initial teleconsulting to international transfer and treatment for Chinese individuals around the world.
However, the high cost of implementing telemedicine systems, i.e., EMR & EHR and need for telemedicine training followed by stringent government regulations pertaining to telemedicine are estimated to restraint the market growth during the forecast period. Additionally, another data from ONC in 2014 stated that the estimated cost of purchasing and installing an electronic health record (EHR) ranges from USD 15,000 to USD 70,000 per provider which affect the affordability of the devices and hence is expected to influence the market negatively.
Segmentation in the Global Telemedicine Market:
The Global Telemedicine Market is segmented on the basis of type, which includes store and forward, remote monitoring, and real time interactive.
On the basis of technology, the market is segmented into hardware, software, and services. The hardware technology is further segmented into on-site kiosks, telephone, and webcams. The Software technology is further segmented into mobiles apps. The Services are further segmented into consultation, online video conferencing, and academics.
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Furthermore on the basis of application, the market is classified into telecardiology, telepsychiatry, teleradiology, telepathology, teledermatology, teleaudiology, teleopthalmology, and others. On the basis of end users, the market is segmented into hospitals, clinical, medical institutes, and others.
Taste the market data and market information presented through more than 65 market data tables and figures spread over 150 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Telemedicine Market Research Report–Global Forecast till 2023.”
Brief TOC
1 Report Prologue
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4 Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5 Market Factor Analysis
…TOC Continued
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