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.
Browse full research report on Global
Telemedicine Market: http://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.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/healthcare-it
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
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- Middle East and Africa (MEA)
- South Africa
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.
For more information: www.grandviewresearch.com
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