The global telemedicine market is expected to reach USD 113.1 billion
by 2025, according to a new report by Grand View Research, Inc. Key drivers of
the market include increasing incidences of chronic conditions and rising
demand for self-care. Furthermore, enhancing application of internet and rising
demand for centralization of healthcare are expected to save on cost incurred,
which is one of the critical success factors attributing for the growth of
telemedicine market.
Telemedicine also helps in reducing emergency room visit and hospitalization
rate, there by augmenting the market growth. The telemedicine industry is
segmented on the basis of products, and region. The service offers prime
channel for various providers to communicate on the same platform and thus,
centralize all the available data.
Telemedicine products are distributed by direct supply contract amongst the
manufacturers and end users or maybe concluded via a third party supplier.
Government initiated healthcare programs across the nation are anticipated to
propel the direct agreement method by conducting private bidding and
voluntarily sponsorship by market players.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/telemedicine-industry
Further key findings from the study suggest:
- Connectivity & network is anticipated to be the fastest growing product segment of this market over the forecast period.
- Increasing demand of automation and synchronization across the system is anticipated to be the vital drive for the market growth.
- North America, being a pioneer in IT technologies, dominated the global telemedicine market. Available advanced organization with plenty funds contributed to its domination.
- Asia Pacific is predicted to witness lucrative growth over the forecast period. Economic reforms, boosting IT industry, and low functioning costs are the key factors attracting market players to participate in this region.
- Some of the key players in this space include IBM, Intel Corporation, Philips Healthcare, McKesson Corporation, AMD Telemedicine, GE Healthcare, and Cardio Net Inc.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented the global telemedicine market on the
basis ofapplication, end-use, and region:
Global Telemedicine Product Outlook (Revenue, USD Million, 2014 -
2025)
·
Hardware
·
Network & Connectivity
·
Others
Telemedicine Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
Middle East and Africa (MEA)
o
South Africa
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Website: http://www.grandviewresearch.com/
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