The report on Telemedicine Market by services(tele-monitoring, tele-training, tele-consultation),
application(gynecology, cardiology, neurology, orthopedics, consultations, emergency care), end
users(tele-hospital, clinic,tele-home), mode of delivery(web based, cloud based) trends analysis
and forecasts up to 2024 studies the market sizes, key trends and opportunities in the main
geographies such as North America, Europe, Asia-Pacific, Rest of the World. According to the report
the Global Telemedicine Market is projected to grow at a CAGR of 18.8% in terms of value over the
period of 2018-2024. The growth in the world market is primarily driven by significant contribution
by North America (Leading region) region to this market.
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Market Insights:
In 2016, the size of global telemedicine market was valued at USD 20.58 billion and it is projected
to reach USD 81.51 billion by 2024. Consistent technological innovations, increasing remote patient
monitoring, high prevalence of chronic diseases, and rising geriatric population are considered to
be the driving factors fueling the growth of telemedicine market. Moreover, increasing number of
smart phone users is likely to support the growth of this market over the forecast period. However,
high cost of advanced technology, legal and reimbursement issues and inadequate healthcare
infrastructure in developing economies are the factors inhibiting the growth of telemedicine
market. Furthermore, the global telemedicine market is expected to present several opportunities
for major players due to technological advancements in telecommunication sector.
Infinium Global Research