Market Revenue Telemedicine Market Porters Five Forces Analysis | Page 2

These technologies are efficient in crowd control . It helps in reducing the burden on hospitals and administrative staff . Medical counselling through web conferencing has enabled hospitals avoid time delays and long queues . Therefore , healthcare organizations with large inflow of patients are expected to find major applications for crowd management .
Further , telemedicine has given rise to many diverse fields under the umbrella technology which include telenursing , telepharmacy , telerehabilitation , teletrauma , telecardiology and telepsychiatry . Absence of wellestablished I . T arrangement is expected to pull down the overall system growth as launching these applications requires highly proficient I . T systems , internet and maintenance . Moreover , these applications are high in cost and require regular updates and maintenance .
Regulatory bodies play an important part in overall development of the industry . Manufacturers and healthcare institutes depend on government support with respect to financial aid . Practitioners require a full license to deliver these services in the U . S . Development of technology , especially in the field of robotics , is expected to provide great opportunities in the near future . Remote surgery has been made possible with the help of robotics where robots are controlled by surgeons sitting at a remote distance . Such innovations are expected to provide bright prospects for the overall industry growth .
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Implementation of these facilities in defense and military has enabled doctors to provide instant medication at remote locations . Market penetration in diverse sectors including military , oil extraction and mining is expected to propel the demand in near future . Segmentation is done on the basis of service delivery which includes store and forward , remote monitoring and real-time interactive . Store and forward segment does the work of acquiring data which is used by the doctor for assessment . The assessment is done either on real time basis or it can be done offline as per convenience . Specialties including Dermatology , radiology , and pathology are known to take help of telemedicine services .
Real time interactive segment is the most popular and fastest growing segment . This is a replacement of traditional face to face visits where physical examination , history reviews , psychiatric evaluations are undertaken using these facilities . Remote monitoring segment enables a doctor to observe a patient remotely using multiple technical devices . These kinds of facilities are used in managing chronic disorders including cardiac arrests , asthma and diabetes . North America is expected to observe highest demand in the global industry on account of the well-developed healthcare sector and implementation of advanced IT infrastructure .