Telemedicine Market to Witness Healthy Growth in Coming Years

Technological advancements in the telemedicine market are a key trend. In order to increase operational efficiency, improve outcomes, and expand the access to health services, the healthcare industry is witnessing a growth in the adoption of innovative technologies.

November 14, 2019 /MarketersMedia/ —

According to the market research study published by research firm P&S Intelligence, the global telemedicine market reached $21.5 billon in 2017 and is expected to witness a CAGR of 14.8% during the forecast period. The reasons for this growth are the increasing healthcare cost, geriatric population, government funding and grants for telemedicine, medical tourism, prevalence of chronic and lifestyle-associated diseases, medical requirement in remote areas, and need for remote patient monitoring services in developing countries. Telemedicine enables healthcare professionals to diagnose, evaluate, and treat patients from a distance through the use of telecommunication equipment, including video and audio devices.

Request to get the sample pages of this study: https://www.psmarketresearch.com/market-analysis/telemedicine-market/report-sample

On the basis of specialty, the telemedicine market is categorized into gynecology, cardiology, orthopedics, neurology, dermatology, and others. The category of dermatology contributed the most revenue to the market (32.7%) in 2017 and is predicted to retain its position during the forecast period. This is because telemedicine is used in dermatology to transmit medical information related to skin conditions, such as rashes, tumors, moles, psoriasis, and acne, for the purpose of consultation and interpretation. Through this method, it becomes easy for patients to receive consultation for their skin conditions.

When service is taken into consideration, the telemedicine market is divided into tele monitoring, tele training, tele consulting, tele education, and others. Out of these, the tele consulting division held the largest share in the market during the historical period, and is predicted to hold its position during the forecast period. The tele monitoring division is projected to grow at the highest CAGR during the forecast period due to the rising need for monitoring patients located in remote areas and the increasing prevalence of chronic and lifestyle-associated diseases.

Browse report overview with detailed TOC on "Telemedicine Market – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023" at: https://www.psmarketresearch.com/market-analysis/telemedicine-market

Technological advancements in the telemedicine market are a key trend. In order to increase operational efficiency, improve outcomes, and expand the access to health services, the healthcare industry is witnessing a growth in the adoption of innovative technologies. The telemedicine technology is finding its way into connected devices, integrated home-healthcare, and other platforms. Due to technological innovations in the field of medical devices and healthcare services, the deployment of telemedicine has considerably changed the industry. It enables healthcare providers attend various patients in remote locations, simultaneously, with unified collaborative communication solutions.

The increasing healthcare cost is among the major factors that are driving the growth of the telemedicine market. The healthcare cost is increasing across the world, which is a major concern among patients as well as healthcare providers. The expensive new technologies and drugs, high administrative costs, growing physician fees, and high cost of goods and services are some factors contributing to the rising healthcare expenditure. Telemedicine, on the other hand, offers services that are cost-efficient, in addition to maintaining and improving the quality of the care provided.

Make Enquiry Before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=telemedicine-market

The companies operating in the telemedicine industry are introducing advanced telehealth platforms for market expansion. For instance, in April 2017, Koninklijke Philips N.V. introduced the tele ICU enterprise software at American Telemedicine Association’s annual meeting. This latest advanced technology has rendered success to the company in population health management for critical care unit.

Some of the other key players in the telemedicine market are Aerotel Medical Systems Ltd., InTouch Technologies Inc., AMD Global Telemedicine Inc., OBS Medical Ltd., Cisco Systems Inc., Cerner Corporation, Allscripts Healthcare Solutions Inc., McKesson Corporation, Honeywell International Inc., BioTelemetry Inc., Medtronic plc., Polycom Inc., General Electric Company, and GlobalMed.

Contact Info:
Name: Abhishek
Email: Send Email
Organization: P&S Intelligence
Website: https://www.psmarketresearch.com/market-analysis/telemedicine-market

Source URL: https://marketersmedia.com/telemedicine-market-to-witness-healthy-growth-in-coming-years/88934139

Source: MarketersMedia

Release ID: 88934139

Latest News

Climate activist: Why tout development if there's no future?

Dec 8, 2019

NEW DELHI — An Indian girl who was among the 16 young activists filing a complaint at the United Nations accusing countries of inaction on climate change has taken that step before. Ridhima Pandey, now 11, filed a petition in 2017 at India's National Green Tribunal, which oversees environmental concerns, for not taking serious enough steps to combat climate change. It was dismissed, but she escalated it to the Indian Supreme Court. Pandey was among the activists including Swedish teen Greta Thunberg who criticized Germany, France, Brazil, Argentina and Turkey for failing to uphold their obligations to young people under...

Pakistan battles dengue epidemic, with 20 deaths so far

Dec 8, 2019

ISLAMABAD — Pakistani health officials were battling an outbreak of dengue fever in the South Asian nation on Tuesday, a day after health officials confirmed over 10,000 cases and 20 deaths in recent months. More patients with symptoms of dengue fever were arriving at hospitals in all major cities, including the capital Islamabad, putting a strain on the country's poor health system. Health officials hope that the anti-mosquito spraying in urban areas targeting stagnant water will help contain the disease. According to Zafar Mirza, a government adviser on health, as many as 10,013 dengue cases had so far been reported....

Over 30 Indian worshippers drown during Hindu rituals

Dec 8, 2019

NEW DELHI — More than 30 Hindu worshippers have drowned in swollen rivers and in a lake in India as thousands participated in religious ceremonies in which figures of a Hindu god are immersed in water, officials and news reports said Friday. At least 11 people drowned when their boat capsized early Friday on a lake in central India, rescuers said. Six people were able to swim ashore in the lake in Bhopal, the capital of Madhya Pradesh state, and a search was on for one missing person, said National Disaster Response Force spokesman Krishan Kumar. Kumar said 11 bodies...

India loses communication with its unmanned moon lander

Dec 8, 2019

NEW DELHI — India's space agency said it lost touch Saturday with its Vikram lunar lander as it aimed to land on the south pole of the moon and deploy a rover to search for signs of water. The space agency was analyzing data as it worked to determine what had happened. "Communications from lander to ground station was lost," said K Sivan, chairman of the Indian Space Research Organisation. "The data is being analysed." A successful landing would have made India just the fourth country to land a vessel on the lunar surface, and only the third nation to...

Protest in Nepal against plan to cut trees to widen road

Dec 8, 2019

KATHMANDU, Nepal — More than 200 people rallied in Nepal's capital Thursday to protest government plans to cut down about 2,000 trees to widen a key road that circles the city. The protesters held signs urging the government to stop the plan to remove the trees on the outer edge of Kathmandu. The 27-kilometer (17-mile) Ring Road encircles the capital and is a key road network for the increasingly congested city. "These trees were controlling pollution and giving fresh air so they cannot be cut down to make roads," said Saurav Dhakal, a protester. "Kathmandu is suffering from massive air...

Search
Broaden News

Sign up now!

Recent Discovery will take you to the captivating developments in science, technology, and the universe around us. We deliver to you the latest news, theories, and developments in the world of science.

Contact us: sales[at]recentdiscovery.com