Healthcare Global Telemedicine Market | Page 3

Rising Chronic Diseases
The rise in the chronic disease such as congestive heart failure, diabetes,
asthma etc. is one of the major drivers for growth in the telemedicine
market. According to WHO, these diseases contributed to 3.78 million
deaths in 1990 (40.4% of all deaths) and is expected to reach 7.63 Million in
2020 (66.7% of all deaths), coupled with other disease also. In addition to
that, there has been a steep rise in average cost of hospitalization in recent
years.
Increasing Number of Ageing Patients
The total number of ageing population is increasing day by day and as a
result burgeoned daily care would be required by these age bracket. In
addition to this, according to U.S. Census Bureau, 8.5 percent of people
worldwide (617 million) are aged 65 and over and this percentage is
projected to boost to nearly 17 percent of the world’s population by 2050
(1.6 billion). Moreover, old aged people in rural areas not able to travel long
distance and they need care at their home. For all such issues, Telemedince
can provide the solutions.
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On the contrary, reimbursement for telemedicine services is limited and
also requires a face to face contact between both the patient and also the
provider. Further, due to dearth of proper reimbursement policies, several
providers are also facing challenges in terms of investment in the
technologies. These factors are believed to hamper the growth of
Telemedicine Market.
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