Telemedicine is the evolved format of traditional medicine that provides medical care to millions of individuals worldwide with the benefits of cost efficiency and convenience of location. The basic difference between traditional healthcare technology and telemedicine is the use of telecommunication technology to provide patients and medical practitioners the convenience of location, cost and time. With the advent of communication technology in medical sciences, telemedicine revolutionized the overall framework of healthcare. Patients were no longer subjected to travel or waiting periods and could seek medical attention at the comfort of their homes. This greatly changed the perception of medical practice, which is the major reason why telemedicine is currently considered synonymous with general medicine. Telemedicine involves the use of mobile communication technology and image/video transfer technology via the internet. The internet has provided the basis for information exchange, which is stored and maintained by the servers present at either hospitals or telemedicine service provider company at a nominal cost.
This research report provides a detailed analysis of the global telemedicine market and helps in understanding the various factors influencing the growth of the market. The market overview section analyzes market dynamics and trends such as drivers, restraints and opportunities that influence the current nature and future status of the global telemedicine market. The executive summary provides detailed insights about this study and the market in general. It also contains a market snapshot, which provides a glimpse into the present scenario of the global telemedicine market. Impact factors such as market attractiveness analysis and Porter’s five forces analysis have also been explained in the market overview section of the report in order to deliver a thorough analysis of the overall competitive scenario of the global telemedicine market.
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The global telemedicine market is segmented based on medical specialty areas and type of services being offered/used. Based on the type of specialties, the market is segmented into cardiology, neurology, dermatology, orthopedics, emergency care, internal medicine, gynecology and other specialty areas namely gastroenterology, pediatric care, ophthalmology and dentistry. Based on type of services being offered/ used, the market is categorized into tele-consultation, tele-monitoring, tele-education, tele-training, tele-care, and tele-surgery. Market size estimates and forecasts for the period 2012 to 2020 have been provided for each of the segments mentioned above in terms of USD million, considering 2013 as the base year for calculating market forecast and 2012 as the historical year. The CAGR (%) of each market segment for the forecast period 2014 to 2020 has also been provided along with market size estimations.
Geographically, the global telemedicine market has been segmented into four major regions: North America, Europe, Asia Pacific and Rest of World (RoW), with Russia being included in the RoW region. The market size estimations and forecasts for the period 2012 to 2020 have been provided for each of these regions at a segment level, in terms of USD million along with the CAGR for the forecast period 2014 to 2020. This study further offers strategic recommendations for the global telemedicine market. These include factors that may play a critical role in enhancing or boosting the market in the near future, as well as steps that need to be considered to ensure success for manufacturers.
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