Europe and North America to Dominate Telemedicine Market through 2020

Healthcare

The upcoming report by Persistence Market Research (PMR) offers in-depth and segment-wise analysis and forecast on the global telemedicine market. According to the report titled “Telemedicine Market- Global Industry Analysis and Forecast to 2020,” E-health is one of the fastest growing segments in the healthcare industry. Everything from keeping patient records, to providing proper medication is digitalized. It also facilitates and improves interaction between patient and healthcare provider. In the current scenario, telemedicine is the smallest part of e-health.

Telemedicine delivers solutions for patients using information technology and telecommunication. To provide results, telemedicine uses various services and applications including emails, smartphones, wireless tools, and videos. Eliminating the distance barrier between the healthcare provider and patient, telemedicine increases accessibility. Telemedicine provides various services such as patient monitoring, health information, specialist referral, medical education, etc. it also helps healthcare providers with diagnoses, and providing care to the patients located in remote locations. Telemedicine includes medical imaging, advice, health informatics, medical records, etc.

Telemedicine is expected to help in the development of new business models or innovative care delivery models to meet increasing customer demand for healthcare. Telemedicine will also focus on strategic pricing options as the cost is one of the biggest concerns in the healthcare industry. In terms of healthcare providers, telemedicine will be used largely for data collection and analytics. Telemedicine will also help in the development of advanced clinical applications which can also be customized.

Europe and North America to Emerge as Largest Markets for Telemedicine

Owing to the technological advancements and increase in adoption of various technologies, Europe and North America are expected to remain dominant in the global telemedicine market. Meanwhile, Russia, Brazil, India, and China are also expected to experience growth during the forecast period. Rising population and increasing number of people suffering from chronic diseases such as obstructive pulmonary diseases, diabetes, heart failure, and asthma are some of the factors contributing towards the growth of telemedicine market in these countries. Moreover, increasing awareness and rising cost of healthcare are also the factors driving the market growth in these countries.

The global telemedicine market is also witnessing the growth due to the increasing use of information technology in healthcare. Some of the key trends accelerating growth in the global telemedicine market are growing number of medical centers and remote clinical enterprises. Meanwhile, lack of specialists and physicians in rural areas will also offer an opportunity for telemedicine market.

However, lack of skilled labor, the absence of trained professionals in rural areas, and lack of awareness among people about the new technology are hampering the growth of the global telemedicine market.

The report offers a detailed profile of some of the leading market players in telemedicine such as AMD Telemedicine, Philips healthcare, Cardio Net Inc., GE Healthcare Ltd, and McKesson Ltd. These key players are focusing on partnerships and mergers and acquisitions to establish the presence in various regions.

A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/2818