The Global Telemedicine Market is expected to grow at a CAGR of 16.5% during the forecast period.
Telemedicine or telehealth comprises of the distribution of health services and information electronically or via telecommunication technologies. The high potential of telemedicine is being eyed by a number of experts. For example, Nokia Technology President Ramzi Haidamus stated that future could lie with digital health. He supported Nokia’s decision to invest in connected health. "We’re looking at digital health domain, where we have not launched any products and is something that comes very natural to Nokia" he said in 2016.
Telemedicine takes advantage of rapid strides in the communication technology so as to allow healthcare professionals to provide cost effective healthcare, supervision, distance-learning to the patients, reduce wastage and need for physical appointment, increasing efficiency of healthcare practitioner’s time and others. Overall healthcare system integration and cutting the scarcity of healthcare professionals through the world are other consideration of the technology.
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Industry News and Analysis
GlobalMed acquired TreatMD in 2016. TreatMD will help GlobalMed to connect patients and physicians around the world. The deal will create synergy between direct-to-consumer telemedicine technologies of TreatMD coupled with client to client based telemedicine technology of GlobalMed.
In 2016, Medvivo a telemedicine company acquired Expert 24 with a primary goal of expanding its product lines and regional distribution throughout the UK, Europe, and the United States.
The strategy of most players revolve around
- Garnering distribution expansion so as to develop the market as well as gaining distribution efficiencies.
- Expansion of product lines and product weightage and gain a complete line so as to make the company a one stop destination
- Achieving synergies between in-house and acquired technologies with an aim to increase returns on investment through technological gains.
The global telemedicine market is segmented on the basis of regions: The Americas, Europe, Asia Pacific, and the Middle East & Africa. The Americas accounts is the leading player in the global telemedicine market owing to an increasing demand for healthcare IT solutions, concentration of prominent market players, and availability of infrastructure for telemedicine.
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Key players in the Global Telemedicine Market
Key players profiled in the report are Koninklijke Philips N.V. (The Netherlands), Medtronic (Ireland) AMD Telemedicine Technologies (U.S.), General Electric Company (U.K.), Neusoft Corporation (China), McKesson Corporation (US) , Intel (US), and IBM (US).
- Report Prologue
- Research Methodology
- Market Dynamics
- Market Factor Analysis
- Global Telemedicine Market by Type
- Global Telemedicine Market by Technology
- Global Telemedicine Market by Application
- Global Telemedicine Market by End User
- Global Cell Counting Market by Region
- Company Profile
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Key questions answered in this report
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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