Market Research Reports- Consulting Analysis Crystal Market Research BRIC Telemedicine Market | Page 2

Teleconsultation segment occupied the largest share of the global market in 2016, due to the convenience
offered by mobile monitoring applicationsand rising elderly population across the world. The web-based
segment occupied the largest share of the global BRIC telemedicine market in 2016. This dominance can
be attributed to the presence of huge customer base and remote data accessibility.
China is expected to be the largest market for telemedicine due to increased household income and
affordable prices of the products. Also, rapidly expanding consumer electronics industry largely facilitates
the rising adoption of telemedicine in the country. Russian telemedicine market is steadily growing due to
increase in the consumer awareness about mobile health. Telemedicine market in India is experiencing
favorable growth due to government initiatives such as the SEHAT initiative launched in association with
Apollo Hospitalsin September 2015. It provides healthcare access to millions of people irrespective of
their geographical location.
The key strategy adopted by the companies in BRIC telemedicine market is product development
facilitated by technological innovations. For instance, in 2017, AMD Global Telemedicine announced a
new product series (including the Clinical Assist Series Tablet Cart, Modular Cart and the Laptop Cart)
for skilled nursing and long term care facilities. Some of the major players in BRIC telemedicine market
are GE Healthcare, Philips Healthcare, AMD Global Telemedicine Inc., Haemonetics Corp., Apollo
Hospitals, Maestros Telemedicine, Medisoft Telemedicine Pvt. Ltd., Cloudvisit Telemedicine, Reach
Health, and SnapMD Telemedicine Technology.
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Key Findings of the Research Study:
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Services segment accounted for the largest share of the BRIC telemedicine market in 2016, due to
technological advancements in telecommunication and increasing adoption of remote monitoring
systems.
Based on application, teleconsultation segment held the largest share of the BRIC telemedicine
market in 2016, owing to its benefits in eliminating the physical distance between the patient and
the healthcare provider.
Based on delivery mode, web based segment held the largest share of the BRIC telemedicine
market in 2016, due to increased availability and quality of internet access around the world along
with the convenience of remote data accessibility.
China held more than half of the BRIC telemedicine market in 2016, due to the presence of a
thriving smart devices and consumer electronics market.
Brazil is expected to exhibit the highest CAGR over the forecast period as a result of increased
purchasing power and healthcare expenditure.