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Telemedicine Market Projected to have a Stable Growth for the Next Few Years - Top Key Players Include Aerotel Medical Systems Ltd., InTouch Technologies Inc., AMD Global Telemedicine Inc., OBS Medical Ltd, Cerner Corporation, McKesson Corporation, Honeyw

10-30-2018 07:50 AM CET | Health & Medicine

Press release from: P&S Intelligence

Telemedicine Market Projected to have a Stable Growth for

According to P&S Intelligence, global telemedicine market is projected to attain a size of $48.8 billion by 2023. This significant growth in the market is characterized by rising healthcare cost, increasing government funding and grants for telemedicine, increasing number of smart phone users and the surge in the prevalence of chronic and lifestyle diseases.

Browse report sample at: https://www.psmarketresearch.com/market-analysis/telemedicine-market/report-sample

Based on type, the telemedicine market has been categorized into tele-hospital and clinic, and tele-home. Of these two, tele-home is expected to be a faster growing category during the forecast period, with a CAGR of 17.1%. This is attributed to the increasing use of tele-home monitoring tools, which help in monitoring the chronic conditions of a patient from home.

On the basis of service, the telemedicine market has been categorized into tele-consulting, tele-monitoring, tele-education, tele-training, and others. Of these, the tele-consulting category accounted for the largest share in this market, with 42.8% contribution in 2017. This can be ascribed to the increasing number of smart phone users and the number of benefits available with tele-consulting services, such as reduced hospital stays, and decreased healthcare expenditure and travel cost.

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The companies operating in the telemedicine industry are introducing advanced telehealth platforms for market expansion. For instance, in April 2017, Koninklijke Philips N.V. introduced the tele ICU enterprise software at American Telemedicine Association’s annual meeting. This latest advanced technology has rendered success to the company in population health management for critical care unit.

Some of the other key players in the telemedicine market are Aerotel Medical Systems Ltd., InTouch Technologies Inc., AMD Global Telemedicine Inc., OBS Medical Ltd., Cisco Systems Inc., Cerner Corporation, Allscripts Healthcare Solutions Inc., McKesson Corporation, Honeywell International Inc., BioTelemetry Inc., Medtronic plc., Polycom Inc., General Electric Company, and GlobalMed.

Browse report at: http://bit.ly/2q9LzMx

TELEMEDICINE MARKET SEGMENTATION
Market Segmentation by Type
• Tele-hospital and clinic
• Tele home
Market Segmentation by Service
• Tele-consulting
• Tele-monitoring
• Tele-education
• Tele-training
• Others (tele-care and tele-surgery)

About P&S Intelligence

P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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