Telemedicine Market by Service, Chronic Diseases Worldwide - Ken Research
by Ashish Kumar Market ResearcherThe report titled “Global Telemedicine Market (by End-Users, Specialty, Component &
Region) and Forecast to 2022”, provides a comprehensive analysis of global telemedicine
market. This report covers history, evolution, function, global leading
players, specialty services, major issues related to telemedicine, geographical
growth, introduction of telemedicine mobile applications and continuing growth
over the coming years.
Industry Overview: Telemedicine or e-health is where
healthcare professionals evaluate, diagnose and treat patients residing in
remote locations using the telecommunication technology. Telemedicine was
actually started in the year 1950 when a few hospital systems and university
medical centre’s found ways to share medical
information and transmit radiologic images over the phone. The population
living in remote areas was provided with medical advice by the experts in a
quick and efficient manner. The prime motive behind the telemedicine is to
reduce the healthcare cost, and afford better communication between doctor and
patient in the healthcare sector. Earlier, telemedicine was majorly used to
connect doctors with specialists working at other locations to provide adequate
medical help to rural or remote population where specialists aren’t readily
available.
North America is well established in the information
technologies and has many organizations that contribute huge funds for the
development of telemedicine market. Europe ranks second in the telemedicine
market followed by Asia Pacific region which will witness a highest growth over
the coming years. It is predicted that Asia Pacific will face major economic
reforms, and a steady growth in IT sector that may help in the growth of the
telemedicine market.
The increasing in the aged population, rising of chronic
diseases, shortage of healthcare professionals worldwide, technological
advancements in telecommunication infrastructure, increasing utilization of
smart electronics for the management of chronic diseases, various benefits of
telemedicine, and need for affordable medical treatment due to rising healthcare
costs are the major factors that are driving the growth of the global
telemedicine market over the coming years. For a few decades telemedicine was
limited due to the cost and use of the medical equipment. However, with the
rise of the internet age, increase in smart electronic devices, high-quality
video transmission has created a possibility of delivering value healthcare to
patients at their homes, workplaces or at remote medical facilities.
Technological
Advancements: the
technological advancements in telecommunication sector have affected all the
major industries around the world. Almost, all the extensive smart electronic
gadgets incorporate telecommunication technologies for various
applications. The advanced technology
has significantly influenced the healthcare industry intensifying the
telemedicine sector. Teleconsulting,
telesurgery, and telepathology, are various efficient telemedicine
healthcare processes and systems available globally. The telemedicine market is
categorized into services, software, and hardware. The telemedicine services
segment witnessed an increasing adoption of monitoring solutions by patients in
remote areas, advancement in telecommunication technology, and introduction of
ACA (Affordable Care Act) globally. The software segment in telemedicine is an
integral part of telemedicine services and works as an interface between the
database, patients or employer groups or government bodies.
Major Players in Global
Telemedicine Market:
Latest, telemedicine services utilize the advanced electronic communications
and latest software to provide better healthcare services to patients who are
not able to visit the hospital. Generally, telemedicine technology is used for
follow-up visits, management of chronic conditions, medication management,
specialist consultation and other medical services that are provided via secure
video and audio connections. Telemedicine is a virtual medicine that helps in
reducing the emergency room visits and hospitalization rate. Global leading telemedicine
players are Philips Healthcare, Medtronic plc, Honeywell Life Care Solutions,
Tunstall Healthcare, Care Innovations, Cerner Corporation, Cisco Systems, Inc.,
Medvivo Group Ltd., GlobalMedia Group, LLC, Aerotel Medical Systems Ltd., AMD Global Telemedicine, Inc., American Well,
InTouch Health, and Vidyo, Inc.
The global telemedicine market has the potential to
revolutionize healthcare delivery at various places. It was observed that there
is a constant medical technological innovation, increasing remote patient
monitoring and the rising use of treatments that require long follow-ups which
attracts the global telemedicine market. Telemedicine provides instant access
to medical experts, any hospital, medical facility, specialists, and medical
institutions to share any medical resources immediately with any hospital or
clinic around the world. Telemedicine market is divided based on the specialty
area such as general consultation, cardiology, dermatology, neurology,
gynecology, trauma care, ophthalmology, orthopedics, psychiatry, pathology,
general surgery and others. The end-users in the telemedicine market are
hospitals, clinics, patients and others. Few leading telemedicine players in
Asia Pacific region are IBM, Intel Corporation, Philips Healthcare, McKesson
Corporation, AMD Telemedicine, GE Healthcare, and Cardio Net Inc.
Majority of the doctors working in hospitals and clinics
worldwide have spent most of their time using conventional means to treat
patients. Training or convincing the older generation healthcare workers to use
the telemedicine is a huge task and it cannot be accomplished easily. Only
after the next generation of doctors takes over the healthcare industry there
would be a possibility of rapid development in the telemedicine market and it
would easily take at least another couple of decades. Few factors restraining
the telemedicine market are legal issues, reimbursement issues, and high cost
of advanced technology, lack of physician support combined with poor cases of
implementation and lack of infrastructure.
Way Forward for Global
Telemedicine Market:
The global telemedicine market is expected to grow rapidly over the coming
years due to increasing chronic conditions and rising demand for self-care. The
telemedicine technologies are now made easy with the introduction of a mobile
device application that is easy to use for both patients and healthcare
providers. It was anticipated that there will be an increasing demand of
automation and synchronization in the telemedicine service providers across the
globe. The increasing in usage of internet, virtual medicine and demand for
value healthcare will witness a drastic growth of telemedicine market over the
coming years.
Key Topics Covered in
the Report:
Global Telemedicine Market Research Report
Telemedicine Market Demand Analysis
Global Telemedicine Market by Technology
Teleconsulting market Revenue
Major Players in Global Telemedicine Market
Telesurgery Market Growth Worldwide
Growing Adoption of Electronic Health Records
Chronic Diseases Worldwide
North America Telemedicine Market Analysis
Europe Telemedicine Market Research
Asia Telemedicine Market Research Outlook
Technological Developments in Telemedicine
Global Telemedicine Market by End-User
Telemedicine Market by Service
Global Telemedicine Market by Geography
Future Outlook of Global Telemedicine Market
For more information on
the research report, refer to below link:
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Created on Jan 23rd 2018 05:50. Viewed 271 times.