Press release
Global Telemedicine and M-health Convergence Market Size & Share, Growth, Trends, and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Telemedicine and M-health Convergence" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Telemedicine refers to the process of providing remote medical services via real time communication between the health service provider and the customer. The process of telemedicine is conducted with the help of phone calls, through which patients seek advice from doctors for non-emergency medical problems which does not require a doctor to visit the patient. Though this process does not completely replace the need for a face to face meeting between the patient and the doctor, it complements the need in case of no-emergency. Telemedicine is cost effective since it obviates the need for a physical visit to avail medical treatment or advice. The process of telemedicine requires a web camera and a patient portal from where the doctors can get connected to a secured online medical database platform and collect the required information. This process ensures a safe, secured, lower waiting time to consult a physician and an accurate mode of storing necessary medical information. On the other hand, m-health or mobile health is defined as health and medical practices that are conducted and supported with the help of mobile phones, personal digital assistants, and patient monitoring devices. M-health services utilize voice and short messaging services and other complex functionalities such as GPRS, GPS, Bluetooth technology, and 3G and 4G mobile telecommunication services to manage patient care, enhance medical diagnosis, reduce shortages of medicines at medical stores and so on.
The telemedicine and m-health convergence market is expected to be driven by the increasing inroads of internet connectivity coupled with the rising need to curb diseases that are linked with poverty such as HIV/AIDS, malaria, and tuberculosis. Efficient functioning of electronic processes and improved communication technologies support the growth of the telemedicine and m-health convergence market. Telemedicine and m-health convergence are gaining popularity in managing patients suffering from hypertension since it prevents cardiovascular consequences more effectively. A specific application of telemedicine for hypertension management is blood pressure telemonitoring (BPT), which allows remote data transmission of BP and additional information on patients' health status from their living site or from a community setting to the doctor's office or the hospital.
Poor internet connectivity in remote areas of underdeveloped and less developed countries is expected to create mild restraints in the growth of the telemedicine and m-health convergence market. Lack of social awareness is also expected to create hindrances in the growth of the market.
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The telemedicine and m-heath convergence market has been segmented based on applications and region. Based on applications, the market can be further segmented into health surveys and data collection, health promotion and managing emergencies, mobile patient records, health awareness raising, and health call centers among others.
Based on region, the telemedicine and m-health convergence market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to hold a significant portion of the global telemedicine and m-health convergence market owing to implementation of extensive telemedicine programs and services by U.S. health care administrators. Increasing usage of mobile phones and broadband internet service coupled with growing incidence of infectious and chronic diseases are expected to drive the growth of the telemedicine and m-health convergence market in Asia Pacific. Increasing awareness regarding the benefit of internet connectivity in the healthcare sector has made people in this region proactive regarding the usage of tele-health services.
The telemedicine and m-health convergence market is highly competitive with a large presence of local and regional vendors. Key players operating in the telemedicine and m-health convergence market are Wellpoint, Vodafone, Veteran's Administration (VA), Samsung, Honeywell, Cisco, Apple, Logitech, Philips, and AT&T among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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