BRIC telemedicine market is expected to be around $2.7 billion by 2025

The BRIC telemedicine market is expected to be around $2.7 billion by 2025. Rapid advancements in telecommunication technologies need for accessible healthcare in rural areas, and increasing predominance of chronic disorders in the BRIC nations are the key factors contributing to the market growth. Conversely, dearth of skilled resources, poor response time, high infrastructure costs, poor response by patients and doctors in rural areas, and associated privacy and security concerns related to telecommunication mediums can hamper the growth of BRIC telemedicine market during the forecast period.

Product Outlook and Trend Analysis

Services segment accounted for the largest share of the BRIC telemedicine market in 2016, due to increase in adoption of remote monitoring solutions. Technological advancements in telecommunication technologies will further assist better delivery of telemedicine services to the patients over the forecast period.

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Application Outlook and Trend Analysis

Teleconsultation segment accounted for the largest market share in 2016, due to the associated benefit of eliminating the physical distance between the patient and the doctor through the telecommunication platform. Moreover, rising global geriatric population and increasing adoption of mobile monitoring solutions will further contribute to the growth of teleconsultation market.

Market Classification

BRIC Telemedicine Market, By Component, Estimates and Forecast, 2016-2025 ($Million)

Services Market, By Type

Real-Time Analysis
Remote Monitoring
Store-and-Forward

Software Market, By Type

Standalone
Integrated

Hardware Market, By Type

Monitors
Telemedicine Kits

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

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Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

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