Global $29.6 Billion Telemedicine Market Outlook 2

Dublin, May 22, 2018 (GLOBE NEWSWIRE) -- The "Global Telemedicine Market Outlook 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The market for telemedicine was valued at US$ 29.6 Billion in 2017 and is anticipated to grow at a CAGR of approximately 19% during 2017-2022. The growth of the market is likely to be driven by increasing adoption of telemedicine, rising incidences of chronic diseases, growing geriatric population, government initiatives, and shortage of physicians amongst others.

Telemedicine technology is a game changer for the healthcare industry, as it brings healthcare directly into patient's doorstep. Telemedicine makes use of electronic technologies, such as email, smart phones, and video conferencing, for exchanging the medical information of the patient. This technology has helped the healthcare providers to extend their services to remote areas effectively.

Furthermore, this technology is also extensively being used for elderly population as well as for people who are unable to reach healthcare provider due to inability to walk or chronic disease. Consultations through video calling, transferring medical images, and vital signs monitoring amongst others are the major applications of telemedicine. The report provides insights about various factors that are affecting the growth of the markets. Furthermore, the report also includes the major trends and opportunities that will propel the industry's growth.

This high share is attributed to relative high adoption of technology in the market coupled with higher government support. The Asia Pacific market is poised to witness the highest growth owing to increasing focus of players in this region. Overall, the report provides an extensive information and rational analysis of the global telemedicine market. A separate section is devoted to the major mergers & acquisitions that have taken place in the past few years. The report concludes with detailed business profiles along with strength and weakness of some of the key players operating in the market.

Some of the key players operating in the market are McKesson Corporation, Philips Healthcare, GE Healthcare Ltd., Cerner Corporation, IBM, Honeywell Life Care Solutions, AMD Global Telemedicine, Inc., Cisco Systems, Inc., and Medtronic plc.

In addition, the report elucidates key developments of players related to telemedicine, which will enable clients to formulate market strategies and assess the opportunity areas in key geographies.

Key Topics Covered:

1. Analyst View 2. Research Methodology 3. Telemedicine: An Introduction 4. Market Dynamics 4.1 Drivers 4.1.1 Enabling Remote Patient Monitoring 4.1.2 Combating Doctor Shortages with Telemedicine 4.1.3 Strong Government Support in the US 4.1.4 Ability of Telemedicine to Reduce Healthcare Cost 4.1.5 Rising Adoption of Tele-health in Developed Economies 4.1.6 Increasing Prevalence of Chronic Diseases 4.1.7 Growing Geriatric Population 4.2 Restraints 4.2.1 High Cost 4.2.2 Legality, Privacy, and Security Concerns 4.2.3 Relatively Low Adoption of Telemedicine in Developing Countries 4.2.4 Lack of Proper Regulatory Framework 4.3 Opportunities 4.3.1 Personal Emergency Response Systems (PERS) 4.3.2 Video Diagnostic Consultation 4.3.3 Remote Cardiac Services 4.3.4 More ACOs Using Technology to Improve Care and Cut Costs 4.3.5 Expanding Reimbursement and Payment Opportunities 4.4 Trends 4.4.1 Increasing Number of Retail Clinics and Employer Onsite Health Centers 4.4.2 Emergence of Remote Clinical Enterprises 5. Global Telemedicine Market 6. Global Telemedicine Market by End-Users 6.1 Global Telehospital/Teleclinic Market 6.1.1 Global Telehospital/Teleclinic Market by Specialty 6.1.1.1 Teleradiology 6.1.1.2 Telecardiology 6.1.1.3 Telepsychiatry 6.1.1.4 Telepathology 6.1.1.5 Teledermatology 6.1.1.6 Others 6.2 Global Tele-home Market 7. Global Telemedicine Market by Component 7.1 Services 7.2 Hardware 7.3 Software 7.4 Telecom & Networking 8. Global Telemedicine Market by Geography 8.1 North America 8.2 Europe 8.3 Asia Pacific 8.4 Rest of the World (RoW) 9. Mergers & Acquisitions 10. Company Profiles 10.1 McKesson Corporation 10.2 Philips Healthcare 10.3 GE Healthcare Ltd. 10.4 Cerner Corporation 10.5 IBM 10.6 Honeywell Life Care Solutions 10.7 AMD Global Telemedicine, Inc. 10.8 Cisco Systems, Inc. 10.9 Medtronic plc

For more information about this report visit https://www.researchandmarkets.com/research/h..._29_6?w=12

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