Market Research Reports - Ken Research France Telemedicine Industry Future | Page 2

monitoring services, ease in consultation process and to avail consultations at a more
economical price.
By Type of Technology Platform (Software and Hardware)
The software services dominated the market revenues in 2017 as compared to hardware,
owing to the nature of use by individuals. Individuals tend to avail more of software solutions as
the need to connect them to a medical practitioner is fulfilled via software solutions. Hardware
solutions entail with themselves a high capital outlay and need a designated space and
technologies to set up in order to be able to deliver solutions.
By Clinical Applications (Telemonitoring, Teleconsultation, Teleassistance, Teleexpertise and
Others)
The Telemonitoring services is the dominant segment with around one-third market share by
revenue. Tele Consultation services is the second largest segment, which was followed by
Teleassistance and Teleexpertise. The other services in France telemedicine market include
Teleradiology, Tele Neurology, Tele Cardiology, Epidemiology, Prescription Counselling, Surgical
Applications, Cardiology and Dentistry.
Competitive Landscape in France Telemedicine Market
The telemedicine market of France is a moderately concentrated market, with high entry
barriers. The initial set up cost associated with Telemedicine business is high as it entails latest
equipments with modern services. Furthermore it is mandatory for every telemedicine provider
in France to obtain licenses from European Union for patient’s data protection, for E-Commerce
regulations CE marking certification for medical devices and others. The market players have
concentrated themselves on improving their technology in terms of hardware, network and
software. The major players in France Telemedicine market are VSee, KRY and Telemedicine
Technologies.
Future Analysis and Projections
France telemedicine market is expected to increase at a positive CAGR for the time period
ranging between 2018 and 2022, in terms of revenue due to increasing number of aging
population, growing number of smart phone users and rising healthcare cost. The increasing
acceptance of 4G and 5G spectrum and growing acceptance of telemedicine in France is posing
as opportunities for the players in the telemedicine market. The growth will be driven by
increasing emphasis of healthcare information technology (HIT) players, increasing prevalence
of chronic diseases and continual investments from both public and private sectors. In coming
years, there are chances of more personalized telemedicine apps for both patients and