Global Telemedicine Market, 2016 – 2022
Global telemedicine market expected USD 38.00 billion by 2022, growing at a CAGR of 14.0
Global telemedicine market expected USD 38.00 billion by 2022, growing at a CAGR of 14.0
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Published By: Zion <strong>Market</strong> Research<br />
<strong>Global</strong> <strong>Telemedicine</strong> <strong>Market</strong> Set for Rapid Growth to<br />
Reach USD 38.00 Billion by <strong>2022</strong><br />
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<strong>Telemedicine</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research has published a new report titled “<strong>Telemedicine</strong> <strong>Market</strong> (Tele-<br />
Education, Tele-Training, teleconsultation, Tele-Monitoring, Tele-Care, and Tele-<br />
Surgery) for Neurology, Orthopedics, Cardiology, Dermatology, Emergency Care,<br />
Internal Medicine, Gynecology, and Other Applications: <strong>Global</strong> Industry Perspective,<br />
Comprehensive Analysis and Forecast, <strong>2016</strong> <strong>–</strong> <strong>2022</strong>”. According to the report, the global<br />
telemedicine market was valued at approximately USD 18.20 billion in <strong>2016</strong> and is expected to<br />
reach approximately USD 38.00 billion by <strong>2022</strong>, growing at a CAGR of around 14.0% between<br />
2017 and <strong>2022</strong>.<br />
<strong>Telemedicine</strong> is the real-time service which uses telecommunication and information technology<br />
to provide clinical health care at a distance. <strong>Telemedicine</strong> services provide two-way<br />
communications between patient and healthcare professional. <strong>Telemedicine</strong> services use email,<br />
smart phones, video conference, wireless tools and other forms of telecommunications<br />
technology. <strong>Telemedicine</strong> helps to decrease the overall cost of medical care and increase<br />
efficiency through better management of chronic diseases, shared doctors and specialist<br />
staffing.<br />
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https://www.zionmarketresearch.com/sample/telemedicine-market
<strong>Telemedicine</strong> <strong>Market</strong><br />
The major key drivers for the telemedicine market are rapid growth in aged population coupled<br />
with increasing number of patients suffering from chronic disease and hypertension.<br />
Government initiatives and funding is expected to propel the telemedicine market growth in Asia<br />
Pacific region within the forecast period. However, lack of resources and high technological cost<br />
may hamper the market growth in emerging and underdeveloped countries. Nevertheless,<br />
advancement in technology to provide better health services is expected to open up new growth<br />
avenues within the forecast period.<br />
The telemedicine market can be segmented on the basis of applications into neurology,<br />
orthopedics, emergency care, internal medicine, gynecology, cardiology, dermatology, and<br />
others. Dermatology dominated the telemedicine market with over 25% share of the overall<br />
market. Neurology is expected to witness the fastest growth in the years to come due to<br />
increasing neurological complications such as stroke, Alzheimer’s and Parkinson’s cases.<br />
Emergency care and cardiology are other key segments that play an important role in<br />
telemedicine market.<br />
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https://www.zionmarketresearch.com/inquiry/telemedicine-market<br />
Based on service, the market can be segmented into telemonitoring, tele-education,<br />
teleconsultation, tele-training, telecare, and telesurgery. Tele-consultation was the leading<br />
segment and it accounted for the significant share in <strong>2016</strong>. Tele-monitoring is another key outlet<br />
of this market owing to increasing demand of patients to get early treatment by means of home<br />
care, mobile monitoring and disease monitoring applications. Tele-education, tele-training, and<br />
telesurgery are newly added in telemedicine services and expected to exhibit exponential growth<br />
within the forecast period.
<strong>Telemedicine</strong> <strong>Market</strong><br />
In terms of geography, North America was the largest market of telemedicine in the world owing<br />
to strong demand for centralization of healthcare administration and enhanced safety & quality<br />
of the applications. Asia Pacific is another key regional market and is expected to witness the<br />
fastest growth in over the forecast period. Moreover, telemedicine market has a huge<br />
opportunity in the emerging markets of Asia Pacific due to the increasing population coupled<br />
with the rising health awareness among people, especially in China and India.<br />
Some of the major industry participants in telemedicine market includes F. Hoffmann-La Roche<br />
Ltd., CISCO Systems, Inc., Siemens Healthcare, McKesson Corp, Agfa HealthCare NV, AMD<br />
<strong>Global</strong> <strong>Telemedicine</strong>, Inc., Polycom Corp., Honeywell HomMed LLC, InTouch Technologies, Inc.,<br />
LifeWatch AG, Medtronic, Inc., OBS Medical Ltd., and Allscripts Healthcare Solutions. Key<br />
players have been focusing on innovation and new product development to retain their market<br />
share. This kind of competitive position provides new growth opportunities for the market.<br />
Browse the full report at https://www.zionmarketresearch.com/report/telemedicine-market
<strong>Telemedicine</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research<br />
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States<br />
Tel: +1-386-310-3803 GMT +49-322 210 92714<br />
Tel: +1-855-465-4651 (US/CAN TOLL FREE)<br />
Email: sales@zionmarketresearch.com Web: www.zionmarketresearch.com