The Global Telemedicine Market is expected to grow at a CAGR of 16.5% during the forecast period.
Telemedicine or telehealth contains the dissemination of wellbeing administrations and data electronically or by means of media transmission advances. The high capability of telemedicine is being peered toward by various specialists. For instance, Nokia Technology President Ramzi Haidamus expressed that future could lie with advanced wellbeing. He upheld Nokia’s choice to put resources into associated wellbeing. “We’re taking a gander at computerized wellbeing space, where we have not propelled any items and is something that comes exceptionally normal to Nokia” he said in 2016.
Telemedicine exploits fast walks in the correspondence innovation to enable human services experts to give savvy medicinal services, supervision, separate figuring out how to the patients, lessen wastage and requirement for physical arrangement, expanding productivity of social insurance specialist’s chance and others. General human services framework joining and cutting the shortage of social insurance experts through the world are other thought of the innovation.
Key players in the Global Telemedicine Market
Key players profiled in the report are Koninklijke Philips N.V. (The Netherlands), Medtronic (Ireland) AMD Telemedicine Technologies (U.S.), General Electric Company (U.K.), Neusoft Corporation (China), McKesson Corporation (US) , Intel (US), and IBM (US).
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Segments of Telemedicine Market
Type – store and forward, remote monitoring, and real time interactive.
Technology – hardware, software, and services. The hardware is further segmented into on-site kiosks, telephone, and webcams. The software is further segmented into mobiles apps. The Services are further segmented into consultation, online video conferencing and academics.
Application – telecardiology, telepsychiatry, teleradiology, telepathology, teledermatology, teleaudiology, teleopthalmology, and others.
End users – hospitals, clinical, medical institutes, and others.
Regional Analysis for Global Telemedicine Market:
The global telemedicine market is segmented on the basis of regions namely Americas, Europe, Asia Pacific, and the Middle East & Africa. The Americas accounts for the largest share of telemedicine market whose growth is fostered by an increase in the demand for healthcare IT solutions, presence of prominent market players, and availability of infrastructure for medical tourism.
Europe shows a significant rise in the telemedicine market. The Europe Union (EU) is funding several telemedicine projects to improve the healthcare access to the population through telemedicine technology, for instance, “Revenue Health”, is one of the projects funded by the EU.
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Asia Pacific shows phenomenal growth in telemedicine market and is expected to the fastest growing region due to rising geriatric population, increasing prevalence of chronic diseases, developing telecommunication technology as well as developing healthcare infrastructure.
The Middle East & Africa is witnessing a steady rise in the telemedicine market owing to the need for tapping unreachable areas by improving technological framework across the region.
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