Healthcare Global Telemedicine Market | Page 2

“Global Telemedicine Market Analysis & Opportunity
Outlook 2021”
The expansion in the global telemedicine would open new great
opportunities for technology providers and healthcare service providers
allowing them to cater patients at a distance. At 18.21%, global tele-home
segment is projected to grow at a higher CAGR when compared to global
tele-clinic & hospitals by 2021. The major reasons for this healthy growth
can be attributed to the technology connectivity initiatives taken by the
governments and a rise in number of tech savvy people across the globe.
Global Telemedicine Market is expected to register a CAGR of 14.7%
over the forecast period. Moreover, the global telemedicine market is
valued at USD 17.9 Billion in 2014. The rise in lifestyle diseases such as
heart disease, stroke, cancer, chronic respiratory diseases, diabetes, and
mental illness, among others are expected to be the biggest contributor for
the demand of telemedicine products and services.
the North America has the highest market size followed by Asia-Pacific and
Europe, currently. Owing to factors like affordable care act, ICD-10
implementation, reimbursement and incentive plans for physicians, the
U.S. is anticipated to exhibit a CAGR of 15.58% from 2015-2021. This
growth rate will push the tele-medicine market in North America in coming
years. After North-America, Asia-Pacific is the region that is expected to
have the second largest share by 2021.
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