Globally, an increasing adoption of telemedicine technologies has been noticed in recent years. This can be attributed to the ability of the technology to reduce the number of hospital admissions as well as readmissions, enhance the quality of care, offer access to patients in rural areas, improve the patient engagement, and ensure effective time management. The widespread prevalence of chronic diseases, increasing healthcare pricings, and an expanding elderly population base are all aiding the growth of the global market positively.
The report published in WGR on the global telemedicine market revealed the growth of the market to be at a notable pace. The valuation of the telemedicine market was further stated to surpass its previous valuation.
The global telemedicine market comprises a host of key players. The key players are divided under different categories in the report to ensure proper understanding of the same for the client. Under the telemedicine hardware supplier’s bracket, the market comprises Aerotel Medical Systems, LTD., IBM Corp., OBS Medical, Intouch Technologies, Medtronic, Inc., Medical International Research, Siemens Healthcare, Roche Diagnostics International AG, Scottcare Corp., and others. Under the telemedicine software provider’s bracket, the key player names include Allscripts Healthcare Solutions Inc., 3M Health Information Systems, Vamstec, Numera, Agfa Healthcare NV, MEDIC4ALL, and others. Leading videoconferencing companies include Lifesize Communications, Doctors Telehealth Network, Sony Corp. of America, Polycom, and others.
The telecom player names identified in the report are AT&T, CareTrends, Cisco Systems, Inc., Alcatel-Lucent, Verizon Communications, Inc., and others. While the telemedicine integrators included in the report are Biotelemetry, Inc., AMD Telemedicine, Inc., American Telecare, Inc., Vitel, Inc., Cybernet Systems Corp., SHL Telemedicine Ltd., Honeywell Life Care Solutions, Viterion Telehealthcare, Zydacron Telecare GMBH, Lifewatch AG (Biotelemetry, Inc.), and others. Lastly, the leading hospital names in this market include University of Ketuncky Chandler Hospital, Apollo Hospitals, Kansas University Center for Telemedicine and TeleHealth, Johns Hopkins Medicine, University of Pittsburgh Medical Center, Massachusetts General Hospital, and others.
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The global telemedicine market has been segmented in terms of type, product type, service, end-users, and applications.
By type, the market segments into telehome and telehospital/teleclinics.
By product type, the market includes telecommunications, hardware, software, connectivity, and networks. The hardware segment is broken down into telehospital/teleclinic and home care hardware. The home care hardware segment is further narrowed down into diagnostic and monitoring equipment. Whereas, the telehospital/teleclinic hardware segment divides into store-and-forward units like pathological units teleimaging equipment and videoconferencing units. The software side of the market is branched down into e-prescriptions, practice evaluators, clinical outcome diagnostic software and electronic health records.
By service, the market is segmented into telecare, telemonitoring, tele-education, teleconsultation, teletraining and telesurgery.
By application, the market comprises psychiatry, radiology, emergency care, cardiology, pathology, dermatology, neurology, orthopedics, and gynecology.
By end-users, the market divides into home care, hospitals, and clinics.
The global telemedicine market is geographically distributed across the following key regions: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa. The North American regional market of telemedicine is growing at a consistent pace due to the increasing adoption of the technology across more than half of the hospitals in the US.
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