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Telemedicine Technologies and Services Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Telemedicine Technologies and Services Market
Global telemedicine technologies and services market was valued at US$ XX Mn in 2017 and expected to grow at XX% Compound Annual Growth Rate (CAGR) from 2018 to 2024
Market Outline: Telemedicine Technologies and Services Market
Telemedicine is an approach that provides care for more people more quickly. It helps to expand the access to more patients and reduces the cost associated with each encounter. Telemedicine involves the clinical care of specific patients and an exchange of protected information.
The growing need for the improvements in the healthcare services is driving the growth of the telemedicine technologies and services market. Increase in the demand for the self-care devices, growing geriatric population and their need of staying connected with their care providers is attributed for the growth of the telemedicine technologies and services market. Growing access to telemedicine is providing an opportunity for the manufacturers to the launch of new products. The soaring growth in the home-based health services expected to boost the growth of the telemedicine technologies and services market over the forecast period. However, the lack of skilled workforce and stringent regulations may hinder the growth of the telemedicine technologies and services market.
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Market Scope: Telemedicine Technologies and Services Market
Telemedicine technologies and services market is segmented based on the type, component, and application
Based on the type, the market is segmented into the following:
• Teleeducation
• Teletraining
• Telecare
• Telesurgery
• Teleconsultation
• Telemonitoring
Based on the component, the market is segmented into the following:
• Hardware
• Software
• Services
Based on the application, the market is segmented into the following:
• Emergency Care
• Internal Medicine
• Gynecology
• Cardiology
• Dermatology
• Neurology
• Orthopedics
• Others
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Regional Analysis: Telemedicine Technologies and Services Market
Geographically, global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America telemedicine technologies and services market holds the largest share in the global telemedicine technologies and services market. The technological advancements are the key factors attributed for the growth of the market in the region. The demand for the improvements in the healthcare services and the support from the government is adding fuel for the growth of the market in the region. Europe telemedicine technologies and services market falls next to North America in the global telemedicine technologies and services market. The Asia Pacific telemedicine technologies and services market is projected to grow over the forecast period owing to the presence of the growing healthcare infrastructure.
Competition Assessment: Telemedicine Technologies and Services Market
Some of the players in the global market include:
• 3m Health Information Systems (U.S)
• Medic4all (Switzerland)
• MindChild Medical (U.S)
• Medtronic Inc. (U.S)
• Siemens Healthcare (Germany)
• Agfa Healthcare Nv (Belgium)
• Alcatel-Lucent, Cisco, Amd Telemedicine Inc. (U.S)
• American Telecare Inc. (U.S)
• Aerotel Medical Systems Ltd. (Israel)
• International Business Machines Corp. (U.S)
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Notable Market Developments: Telemedicine Technologies and Services Market
• In January 2017, MindChild Medical has received the U.S. FDA approval for MERIDIAN M110, a noninvasive fetal heart monitor
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