Telemedicine Market | Rising Adoption of Telemedicine to Encourage Market Growth
View Report -
The global telemedicine market was expected to flourish at a robust CAGR of 14.5% within the forecast period from 2014 to 2020. In 2013, the market was evaluated to be of worth around US$14.3 bn. This value is expected to rise around worth of US$36.3 bn by the end of 2020.Thus, the market is expected to showcase a lucrative potential for the market players in the forthcoming years.
Based on specialty, dermatology segment is foreseen to excel among others in terms of revenue in the global telemedicine market. This is credited to the rising cases related to dermatology in the market and rise in number of people who are now more beauty conscious. On the basis of geography, North America region is anticipated to dominate the global telemedicine market trailed by Asia Pacific. The latter’s progress is attributed to supportive government policies and increase in population in urban and rural areas.
Request to View Sample of Report -
Telemedicine market has gained a lot of traction in the remote management of the patients post treatment of chronic illnesses. Telemedicine the service where the healthcare related issues are dealt over teleconference or telecommunication, for example, consultation. This helps the medical practitioners to analyze, diagnose, treat the patients, and prescribe medicines. The global telemedicine market is stimulated by increase in trend of monitoring remote patients, healthcare expenses, advancement in technology, and increased cases of chronic illnesses. However, there are certain hindering factors as well in the market that are foreseen to slow down the growth in future, such as, requirement of high initial capital, poor cases of telemedicine implementation, inappropriate reimbursement policies, and lack of skilled labors.
Moreover, while the patient are communicated through telehealth, there is a high risk to violate the security and privacy laws. Since such interactions include communication with the patients that are not present physically, there is also a risk to disclose the unrequired information to the wrong person, which comes under the unauthorized disclosure of information as per HIPAA Privacy Rule. To reduce such incidences, the telehealth providers need to have a strong and reliable ways to authenticate and verify the doctor’s as well as patient’s identity at the time of every telehealth practice. In the present market scenario, there is a shortage of such ways for identity authentication. Telehealth encounters are as well estimated to be vulnerable to signal errors, third-party interference, and interrupted transmission. Such cases are expected to resultant in interrupted communication, loss of data, alteration of important medical instructions, which along with other risks are foreseen to lead to HIPAA security and privacy violations.
Request to View Brochure of Report -
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Telemedicine Market | Rising Adoption of Telemedicine to Encourage Market Growth here
News-ID: 1419619 • Views: 392
More Releases from Transparency Market Research
Market Intelligence Report on Calcite Market, 2018-2028
Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028. The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way
Pearlescent Pigments Market Intelligence Report Offers Growth Prospects
The demand within the global pearlescent pigment market is slated to rise as new creative avenues emerge in the art and craft industry. Several artists have increased the consumption of pearlescent pigments, mainly due to the aesthetic value of these pigments in art forms. The use of these pigments can majorly be attributed to the gloss and shine imparted by these pigments to the design or craft. These pigments exhibit
Aragonite Market to Witness Steady Growth During the Forecast Period 2018-2026
Global Aragonite Market: Overview Aragonite is a carbonate mineral having an orthorhombic crystal system, and very closely resembles calcite. It is considered as the purest form of calcium carbonate. The mineral has garnered wide popularity as gemstone in various parts of the world and has promising healing properties with energy enhancing powers. Aragonite contains traces of magnesium and sand inclusion but rich in calcium carbonate, and is alkaline in nature. It
OEM Insulation Market Growth, Trends and Value Chain 2019-2027 by TMR
OEM Insulation Market – Overview OEM means Original Equipment Manufacturer that indicates to a company that produces a part or a subsystem of a product that is being used by another organization. Thermal insulation or simply insulation allows the product to cut down the heat gain or loss at the minimum by creating a barrier between the surfaces at the varying temperatures. There are wide range of applications and end-use verticals
More Releases for Telemedicine
Telemedicine Market Key Players : Philips healthcare, AMD Telemedicine, McKesson …
E-health is a process of delivering healthcare and health resources by electronic means. It helps healthcare providers and patients to interact with each other with the help of electronic media. It is one of the fastest growing sectors in overall healthcare market. Currently, telemedicine market represents a small percentage of e-health market. Telemedicine is defined as use of telecommunication and information technology to deliver clinical solutions to the patients. It
Telemedicine Market by Top Key Players: Amd Global Telemedicine, Apollo Hospital …
Telemedicine Market report offers a comprehensive valuation of the marketplace. It does so via in-depth comprehensions, grateful market growth by pursuing past developments, and studying the present situation and future forecasts based on progressive and likely areas. Each research report supports as a depository of analysis and data for each and every side of the industry, including but not limited to Regional markets, types, applications, technology developments and the competitive
Telemedicine Market Trends, 2025
Telemedicine involves the use of information technology and telecommunication for the delivery of healthcare services such as health assessments or consultations over the telecommunications infrastructure. It helps the healthcare professional to diagnose, evaluate and treat patients without the need for an in-person visit and are also very useful to save lives at time of critical care and emergency situations. Telemedicine is of great help for distant rural areas as they
Global Telemedicine Market Outlook 2022
ReportsWorldwide has announced the addition of a new report title Global Telemedicine Market Outlook 2022 to its growing collection of premium market research reports. Telemedicine technology is a game changer for the healthcare industry, as it brings healthcare directly into patient’s doorstep. Telemedicine makes use of electronic technologies, such as email, smart phones, and video conferencing, for exchanging the medical information of the patient. This technology has helped the healthcare providers
Global Telemedicine Market 2015-2019
About telemedicine In the last few years, telemedicine technology has revolutionized the healthcare industry. The healthcare industry is witnessing phenomenal changes. This is indicated by the wide use of digital health platforms such as mhealth, telehealth, EMR, and other wireless technologies. Digital health platforms are the essential elements in every healthcare organization as it helps to remotely monitor patients, increases healthcare delivery efficiencies, improves access to electronic health information, and enhances
Global Telemedicine Market 2014 – 2020
Zion Research has published a new report titled “Telemedicine (Tele-Consultation, Tele-Monitoring, Tele-Education, Tele-Training, Tele-Care, and Tele-Surgery) Market for Cardiology, Dermatology, Neurology, Orthopedics, Emergency Care, Internal Medicine, Gynecology, and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 - 2020”. According to the report, the global telemedicine market was valued at approximate USD 14.0 billion in 2014 and is expected to reach approximately USD 35.0 billion by 2020, growing at