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Telemedicine Market Flourishes Relentlessly; with a Striking CAGR of ~16.5% -Asserts MRFR Unleashing Industry Forecast Up To 20243(December 12, 2017)
Market Research Future published new report, titled “Telemedicine Market -Research Report: Global Forecast to 2023”.
This report provides in depth study of “Telemedicine Market 2017 Global Industry Research Report focuses on industry chain structure, market Size, Share, opportunities, future roadmap, industry analysis, industry policy analysis, market Leading player profiles and strategies. This New Report presented by Market Research Future contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Further MRFR asserts that the Market will demonstrate a colossal growth by 2023. Global Telemedicine Market research report is expected grow at a healthy CAGR of 16.5% during the forecast period.
Major Players are: Koninklijke Philips N.V. (The Netherlands), Medtronic (Ireland), AMD Telemedicine Technologies (U.S.), General Electric Company (U.K), Neusoft Corporation (China), McKesson Corporation (U.S.), Intel (US), IBM (U.S.), and others are some of the Prominent Players at the forefront of competition in the global telemedicine market and are profiled in MRFR Analysis.
Global Telemedicine Market – Overview:
Telemedicine Market is a life-changing technology. The vision for telehealth is to encourage inclusive access and clinical efficiency across the continuum of care for all patient populations. Telemedicine or telehealth comprises of the distribution of health services and information electronically or via telecommunication technologies. It allows clinicians to communicate, advice, educate, monitor, and also provide distance-learning to the patients. It also facilitates supervision and presentations between practitioners; including online information and health data management that is overall healthcare system integration. Furthermore, availability of well-developed information technology infrastructure and rising number of medical services provider through telemedicine, boosts the market growth. However, high installation cost of the telemedicine technology solutions may affect the market growth in developing nations across the globe over the corresponding period.
In the past, hospitals and doctor's offices that employed telemedicine were needed to dedicate space and bandwidth to get online. Today, the technology that powers telemedicine is portable and doctors can use computers and tablets, while patients are also aided by devices that fit in a convenient cart or package that is fully mobile. These increase in efficiency have been at the forefront of making telemedicine an everyday clinical solution. Now that the technological barriers have been lowered, the applications related to treating patients in rural communities as well as globally are being fully realized.
New advances in technology and an increased adoption of online social interactions are helping create new clinical opportunities through the use of telemedicine. Even in the early 1990's when telemedicine was being used by healthcare practitioners for mostly pilot projects, the idea may have outpaced the technology.
One of the first and most important opportunity of telemedicine is providing front line care. One way telemedicine can reach its full potential is when it's offered as a covered benefit in a health plan.
Moreover, as telemedicine is a powerful tool for chronically ill patients. These patients consume the most expensive medical services, and they are usually not the patient’s categorising into today's wave of telehealth apps. These patients drive cost trends for the entire health system and are the central focus of those at financial risk for their care. The rapid expansion of healthcare IT is providing impetus to the growing field of telemedicine.
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Global Telemedicine Market - Competitive Analysis:
Oct, 2017- Medtronic Care Management Services and American Well announced strategic partnership to integrate telehealth capabilities. Medtronic Care Management Services (MCMS) business and American Well entered into a first of its kind strategic partnership to enable a more complete telehealth solution focused on the unique needs of the complex, chronic, co-morbid patient population. Medtronic Care Management Services (MCMS) and American Well's strategic partnership will bring key components of telehealth services together, as the main goal is reducing the cost of care and improving patient outcomes. The use of telehealth solutions is increasing exponentially due to the increasing complex, chronic, co-morbid patient population whose multiple disease diagnoses require ongoing attention from several clinical specialties, and whose care drives more than 70% of total U.S. healthcare spending.
Feb, 2017- Vidyo Showcased the Next Wave of Telehealth using IBM Watson Workspace and Nokia Solutions. Companies like Vidyo, known for its industry leading high-quality video technology, are connecting with solutions like IBM Watson Workspace and Nokia to help recreate the in person healthcare experience like never before, empowering care providers to do more with less, and accompanying in the future of a connected healthcare system.
Global Telemedicine Market - Regional Analysis:
Asia Pacific shows phenomenal growth in the telemedicine market and is expected to be the fastest growing region due to increasing patient population which will create opportunities for market growth. Moreover, increasing prevalence of chronic diseases, developing telecommunication technology as well as developing healthcare infrastructure are fuelling the market growth potential.
Furthermore, due to China’s emphasis on economic growth and its huge population, it is expected to become the leading telemedicine market in Asia Pacific region. Moreover, increased availability of wireless data transmission networks will facilitate the development of platforms for telemedicine in China.
Major Table of Contents:
Chapter 1 Report Prologue
Chapter 2 Market Introduction
Chapter 3 Research Methodology
Chapter 4 Market Dynamics
Chapter 5 Market Factor Analysis
Chapter 6 Global Telemedicine Market by Type
Chapter 7 Global Telemedicine Market by Technology
Chapter 8 Global Telemedicine Market by Application
Chapter 9 Global Telemedicine Market by End User
Chapter 10 Global Cell Counting Market by Region
Chapter 11 Company Profile
Chapter 12 Conclusion
Chapter 13 Appendix
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