Press release
Telemedicine Technologies and Services Market to Touch Revenue of US$ 86.7 Bn by 2023
TMR
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Telemedicine is the union of health care and telecommunication/information technology aimed at providing assistance to individuals in remote areas who do not have access to health care centers in times of need. Critical care and emergency situations are the primary areas for which telemedicine evolved in practice. The health care industry has always been one of the most lucrative, yet steadily growing, industries across the globe. Requirement of health care is termed as critical and crucial to the sustenance of life, hence considered an important industry. Growth of the telemedicine market is primarily attributed to the rise in quality health care services and products adopted by patients worldwide. The telemedicine market has been largely driven by increasing reimbursements received by health care insurance providers that trickle down to the patient population.
The rising geriatric population along with increasing cases of physical disability promotes usage of telemedicine among a significant portion of the global population. However, dearth of medical practitioners dedicated to telemedicine service is a major issue globally. Moreover, growing concern among patients about the inadequacy of virtual consultation presents a challenge to the growth of the telemedicine market. The global telemedicine technologies and services market was valued at US$ 21,124.2 Mn in 2014 and is projected to reach US$ 86,754.8 Mn by 2023 at a CAGR of 17.2% from 2015 to 2023.
Research Report: http://www.transparencymarketresearch.com/telemedicine-technologies-market.html
The global telemedicine technologies and services market is characterized by the presence of major companies such as Aerotel Medical Systems Ltd., AMD Global Telemedicine, Inc., General Electric Company, Honeywell International, Inc., and LifeWatch AG.
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