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Global Telemedicine Market Expected to reach $93.45 billion by 2026 growing at a CAGR of 17.7% | Honeywell Life Care Solutions, Cisco Systems, Medtronic, Philips Healthcare, GE Healthcare, Apollo Hospitals Enterprise, Hoffmann-La Roche, McKesson

04-03-2019 03:07 PM CET | Health & Medicine

Press release from: ReportsWeb

ReportsWeb

ReportsWeb

Global Telemedicine Market is accounted for $21.56 billion in 2017 and is expected to reach $93.45 billion by 2026 growing at a CAGR of 17.7% during the forecast period. Some of the key factors influencing the market growth include rising prevalence of chronic diseases, favorable government initiatives, telecommunication growth in BRIC countries and growing medicare reimbursement for telehealth services. However, privacy & security concerns and high infrastructure cost are hampering the market. In addition, growing acceptance of 4G and 5G spectrum provides huge opportunities for the players in the market.

Telemedicine is considered as the most adaptable technology accessible to deliver health education, health information and health care at a distance. Through the technologies, sophisticated patient centered care and increased access to remote locations is possible. It also helps in reducing emergency room visit and hospitalization rate, thus augmenting the market growth. Telemedicine serves as a provision for a variety of remote clinical services, which gain with the help of real-time, two-way communication between the patient and the healthcare provider. This involves the application of a variety of electronic, audio, and visual means.

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Among the various services of telemedicine, tele-monitoring is expected to grow at the significant market share during forecast period. This can be attributed to the increasing geriatric and disabled populations who are commonly diagnosed with diabetes and cardiovascular complications. By geography, the Asia Pacific region exhibits fastest growth and is expected to lead the global market by the end of the decade due to increasing populations in rural & urban areas and augmented government initiatives. Moreover, the existence of a large number of technology developed units in this region offering cheaper equipments shall ensure steady market growth.

Some of the key players in global Telemedicine market are Honeywell Life Care Solutions, Cisco Systems, Inc., Medtronic, Philips Healthcare, GE Healthcare, Apollo Hospitals Enterprise Limited, Hoffmann-La Roche Ltd., McKesson Ltd., GlobalMedia Group LLC, SHL Telemedicine Ltd., InTouch Technologies, Snapmd Telemedicine Technology, Medisoft Telemedicine Pvt. Ltd., Cloudvisit Telemedicine, Haemonetics Corp., AMD Global Telemedicine Inc., Maestros Telemedicine, Allscripts Healthcare Solutions Inc., Aerotel Medical Systems and Bio Telemetry.

Components Covered:
-Software
-Services
-Hardware

Services Covered:
-Tele-monitoring
-Tele-education
-Tele-training
-Tele-consultation
-Tele-surgery
-Tele-care
-Other Services

Delivery Modes Covered:
-Cloud-Based
-On-Premise
-Web-Based

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Specialties Covered:
-Orthopedics
-Neurology
-Internal Medicine
-Gynecology
-Emergency Care
-Dermatology
-Cardiology
-Other Specialities

Table of Contents:

1 Executive Summary

2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Futuristic Market Scenario

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Telemedicine Market, By Component
5.1 Introduction
5.2 Software
5.2.1 Integrated Software
5.2.2 Standalone Software
5.3 Services
5.3.1 Store-And-Forward
5.3.2 Remote Monitoring
5.3.3 Real-Time Interaction/Analysis
5.4 Hardware
5.4.1 Telemedicine Kits
5.4.2 Monitors

6 Global Telemedicine Market, By Service
6.1 Introduction
6.2 Tele-monitoring
6.3 Tele-education
6.4 Tele-training
6.5 Tele-consultation
6.6 Tele-surgery
6.7 Tele-care
6.8 Other Services

7 Global Telemedicine Market, By Delivery Mode
7.1 Introduction
7.2 Cloud-Based
7.3 On-Premise
7.4 Web-Based

8 Global Telemedicine Market, By Speciality
8.1 Introduction
8.2 Orthopedics
8.3 Neurology
8.4 Internal Medicine
8.5 Gynecology
8.6 Emergency Care
8.7 Dermatology
8.8 Cardiology
8.9 Other Specialities

9 Global Telemedicine Market, By Geography
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling

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