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World Telemedicine Market - Opportunities and Forecasts, 2017 - 2023

  • ID: 3773542
  • Report
  • Region: Global
  • Allied Analytics LLP
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Telemedicine overcomes the barrier of distance by providing clinical health care through information technology and telecommunication. It makes health service more accessible, particularly in isolated rural areas where medical care is not consistently available primarily due to the location. Telemedicine enables effective communication between medical staff and patients, and facilitates the transmission of crucial health and medical information. Telemedicine plays a vital role in saving human lives, especially in emergencies and critical situations. Due to its fundamental application in the healthcare system, the global telemedicine market is expected to grow with a healthy CAGR during the forecast period. The global telemedicine market is driven by the growing number of government initiatives aimed at increasing the adoption of telemedicine at a hospital and clinic level in order to optimize the healthcare facility. Aerotel Medical Systems, Bosch Healthcare, AMD Telemedicine, GE Healthcare Ltd., Philips Healthcare, Honeywell HomMed and McKesson Ltd. are some of the major players in this market. These companies are concentrating on developing innovative models of telemedicine to offer well-organized healthcare services.

The global telemedicine market is segmented on the basis of Service Type, Technology, Application and Geography. Telemedicine services are offered in the form of Telehome and Telehospital/Teleclinic. The Telehospital segment dominates the market whereas Telehome services are growing at a faster rate. Based on technology, the telemedicine market is segmented into Telecom, Software, Hardware and Network. Telemedicine has a wide range of applications which includes Telecardiology, Telepathology, Teleradiology, Telepsychiatry and other sectors. The Telecardiology market is growing at a faster rate due to the rising incidence of cardiac disorders. Geographically, the global telemedicine market is segmented into North America, Europe, Asia-Pacific and LAMEA. The United States government has taken the initiative to support telemedicine services and increase its adoption in hospitals through proposed Medicare and Medicaid programs.

KEY BENEFITS

Deep-dive analysis of market trends and key developments in the telemedicine market would provide valuable information and insights to stakeholders
Pin-point analysis of geographic segments helps to identify opportunities for growth within the global telemedicine market
Porter’s Five Forces analysis examines the competitive structure of the global telemedicine market and would assist market strategists in their decision-making process
In-depth coverage of the global telemedicine market including drivers, restraints and opportunities would help professionals to better understand market behavior
Detailed study of the strategies of key leaders, partnerships and acquisitions in the global telemedicine market would be informative for professionals in the corporate sector

KEY MARKET SEGMENTS

The global telemedicine market is segmented into four broad categories: service type, technology, applications and geography.

MARKET BY SERVICE TYPE

Telehome
Telehospital/ Clinic

MARKET BY TECHNOLOGY

Telecom
Software
Hardware
Network

MARKET BY APPLICATION

Telecardiology
Telepathology
Teleradiology
Telepsychiatry
Other

MARKET BY GEOGRAPHY

North America
Europe
Asia-Pacific
LAMEA



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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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