The global telemedicine market is expected to
reach USD 113.1 billion by 2025, according to a new report by Grand View
Research, Inc. Key drivers of the market include increasing incidences of
chronic conditions and rising demand for self-care. Furthermore, enhancing
application of internet, virtual medicine and rising demand for centralization
of healthcare are expected to save on cost incurred, which is one of the
critical success factors attributing for the growth of telemedicine
market.
Virtual medicine is benefiting in reducing
the emergency room visits and hospitalization rate, thereby augmenting the
market growth. The telemedicine market is segmented on the basis of products,
and region. The service offers prime channel for various providers to
communicate on the same platform and thus, centralize all the available
data.
Telemedicine products are distributed by
direct supply contract amongst the manufacturers and end users or maybe
concluded via a third party supplier. Government initiated healthcare programs
across the nation are anticipated to propel the direct agreement method by
conducting private bidding and voluntarily sponsorship by market players.
Access Research Report of Telemedicine Market@ www.grandviewresearch.com/industry-analysis/telemedicine-industry
Further key findings from the study suggest:
· Connectivity & network is anticipated
to be the fastest growing product segment of this market over the forecast
period.
· Increasing demand of automation and
synchronization across the system is anticipated to be the vital drive for the
market growth.
· North America, being a pioneer in IT
technologies, dominated the global telemedicine market. Available advanced
organization with plenty funds contributed to its domination.
· Asia Pacific is predicted to witness
lucrative growth over the forecast period. Economic reforms, boosting IT
industry, and low functioning costs are the key factors attracting market
players to participate in this region.
· Some of the key players in this space
include IBM, Intel Corporation, Philips Healthcare, McKesson Corporation, AMD
Telemedicine, GE Healthcare, and Cardio Net Inc.
Grand View Research has segmented the
global telemedicine market on the basis of product, and region:
Global Telemedicine Product Outlook
(Revenue, USD Million, 2014-2025)
·
Hardware
·
Network & Connectivity
·
Others
Telemedicine Regional Outlook (Revenue, USD
Million, 2014-2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
Middle East and Africa (MEA)
o South Africa
Access
Press Release of Telemedicine Market@ www.grandviewresearch.com/press-release/global-telemedicine-industry
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
