Market Research Analysis Telemedicine Market - Global Industry Analysis, | Page 2

The growing geriatric population is one of the major drivers for the growth of telemedicine market. The elderly
population requires extra care since they are more prone to illness like cardiovascular disorders and diabetics due to
low immunity levels and long recovery time. The highly effective tool involves major features for providing
comprehensive and integrated supervision to deliver remote health monitoring, maintain their independence and
improve the care quality, which thereby drives telemedicine market. The growing number of partnerships and mergers
is the major trend witnessed by telemedicine market. The leading businesses in the industry are enthusiastically
involving in partnerships and mergers to provide superior services to healthcare organizations. Most mergers are
focusing on increasing and streamlining the solutions, technology processes and offering a range of services to
ambulatory & hospitals.
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On the other hand, inadequate healthcare structure in emerging nations is a key barrier to the growth of telemedicine
market. In developing nations like China and India, the absence of improved healthcare infrastructure restricts the
growth of the market. Lack of adequate healthcare infrastructure leads to connection loss, which disconnects virtual
consultation resulting in-patient following wrong treatment procedure. Several telehealth pilot development projects
in emerging nations have not succeeded due to poor designed network connectivity, poor user experience, unreliable
equipment and poor bandwidth availability, which hinders the growth of telemedicine market.
The market is categorized on the basis of service type, component, deployment, application, end-user and geography.
On the basis of service type, telemedicine market is divided into telenursing, telepharmacy, teleradiology,
teledermatology, tele-oncology, etc. Based on component, the market is segmented as service, software and
hardware. Hardware segment is further divided into monitors and medical peripheral devices. Service segment is
predicted to hold larger share of the market owing to increasing adoption of remote monitoring solutions by patients
in remote rural regions, and technological advancements in telecommunication.
In terms of deployment, the market is divided into cloud-based and on premises. Based on application, market is
classified into cardiology, ophthalmology, psychiatry, radiology, dermatology, etc. On the basis of end-user, market is
divided into hospitals, clinics, and home care.
Geographically, the market is segmented as North America, Europe, Asia Pacific, and RoW. North America, followed
by Europe and Asia Pacific are expected to hold larger share of telemedicine market in future.
The key players in telemedicine market are Aerotel Medical Systems, AMD Global Telemedicine, Inc., Aerotel Medical
Systems Ltd., CardioNet, CareClix, Cerner Corporation, Cisco, GENERAL ELECTRIC, IBM Corporation, Intel Corporation,
Iris Telehealth, Koninklijke Philips N.V., Medtronic, TeleVital, Allscripts Healthcare Solutions, Cardiocom, Honeywell
Lifesciences, Tunstall Healthcare, Care Innovations, Medvivo Group Ltd., and SHL Telemedicine.
Market Segment: