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
For press release of this report - http://www.grandviewresearch.com/press-release/global-telemedicine-industry
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