This study covers the market dynamics and trends in major countries that are expected to influence the current market scenario and future status of the Global Telemedicine Market over the forecast period. Global Telemedicine market is expected to grow at a CAGR of 16.8% and reach USD 56,738.3 by 2023.
MarketResearchFuture.com adds “Telemedicine Market – 2018 Global Analysis, Growth, Trends and Opportunities Research Report forecasting to 2023” reports to its database.
The global telemedicine market is experiencing massive growth across the globe on account of extensive use of healthcare IT solutions, improved telecommunication infrastructure, and high demand for primary care services across the globe. Furthermore, rising prevalence of chronic diseases and technological advancement in the healthcare fuel the market growth. High installation cost of telemedicine solutions and availability of internet services in rural areas may restrain the market growth.
The Global telemedicine market is expected to grow at a CAGR of 16.5% during the forecast period.
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.”
Major Players in Telemedicine Market:
Some of the key market players: 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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The global telemedicine market is segmented on the basis of service type, component, deployment, application, and end user.
On the basis of the service type, the market is segmented into telenursing, telepharmacy, teleradiology, teledermatology, tele-oncology, others. On the basis of the component, the market is categorized into software and hardware. The software segment is sub-segmented into integrated software and standalone software. The hardware segment is sub-segmented into monitors and medical peripheral devices. On the basis of the deployment, the market is segmented into cloud-based and on premises. On the basis of the application, the market is segmented into cardiology, ophthalmology, psychiatry, radiology, dermatology, and others. On the basis of the end user, the market is segmented into hospitals, clinics, home care.
The Americas dominate the global telemedicine market due to the presence of a well-developed healthcare sector, increasing adoption of healthcare IT. According to the Centers for Disease Control and Prevention in 2017, approximately 86.9% of the office-based physicians used EMR/EHR system
Moreover, rising healthcare expenditure and presence of major players within the region boost the market growth.
Europe stands second in the global telemedicine market owing to increasing adoption of new of new technologies in the healthcare sector and increasing government support to address the healthcare demands. According to the Parliamentary Office of Science and Technology in 2016, the Integrated Digital Care Fund awarded approximately 63 million to NHS Trusts for facilitating the adoption of electronic health records. On a regional basis, Europe is divided into Western Europe and Eastern Europe. Western Europe leads the market in the developed economies like Italy, U.K, France, and others.
Asia Pacific is estimated to be the fastest growing region due to a huge patient pool and growing telemedicine sector. Moreover, the presence of continuously developing economies like India, China and Australia within the region fuels the market growth. According to the Indian Brand Equity Foundation in 2017, telemedicine sector was estimated to be a fast emerging sector in India. The Indian telemedicine market is estimated to reach USD 32 million by 2020.
The Middle East & Africa has the least share in the global telemedicine market due to the presence of poor economies, lack of healthcare services and stringent government policies, especially within the Africa region. It is estimated that a majority of the market of the Middle East & Africa is held by the Middle East. This can be attributed to the due to the presence of a well-developed healthcare sector and huge healthcare expenditure within the region.
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What makes our report unique?
1) An extensive research study on the Global Telemedicine market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Telemedicine market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
Major TOC of Telemedicine Market:
Chapter 1. Report Prologue
Chapter 2. Introduction
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
Chapter 3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
Chapter 4. Market Dynamics
4.4 Mega Trends
4.5 Macroeconomic Indicators
Chapter 5. Market Factor Analysis
5.1 Value Chain Analysis
5.2 PORTERS Five Forces
5.3 Demand & Supply: Gap Analysis
5.4 Pricing Analysis
5.5 Investment Opportunity Analysis
5.6 Merger and Acquisition Landscape
5.7 Upcoming Trends
5.7.1 Market Trends
5.7.2 Technological Trends
5.7.3 Insurance & Regulations
…CONTINUED FOR TOC
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