Telemedicine Industry Global Market Analysis From 2017 To 2021 February 2017

Global Telemedicine Market Industry Analysis, Size, Share, Growth, Trends, and Forecast to 2021
report provides that global market for telemedicine is expected to grow at a significant pace during
the forecasting period. Telemedicine is a telecommunication technology for providing remote
healthcare services through real-time two-way communication between the healthcare provider and
patient, by using electronic audio and visual means. The deployment of telemedicine has
significantly changed the healthcare paradigm, due to various technological innovations in the field
of medical device and services. The growing geriatric population coupled with rising prevalence of
chronic diseases, dearth of healthcare professionals’ worldwide, improvements in
telecommunication infrastructure, and need for affordable treatment options due to rising
healthcare costs are some of the factors expected to propel the growth of telemedicine market in
the coming years.
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Description of Report:
By End-Users Global Telemedicine Market Analysis - Based on end users, the telemedicine market
has been segmented into Telehospitals/Teleclinics and Telehome. The telehospitals/teleclinics
segment accounted for highest revenue in 2016. However, telehome segment is estimated to grow
at the fastest rate during the forecasting period because of the rising inclination towards
personalized healthcare.
By Specialty Global Telehospitals/Teleclinics Market Analysis - In 2016, Teleradiology accounted
for maximum share of the telehospitals market by specialty, driven by wide usage of this technology
for transferring patient’s medical reports. The introduction of technology-enabled, accurate, and
real-time medical imaging devices favor their application in hospitals, particularly for emergency
cases. Telecardiology is the second largest application of the telehospitals market being followed by
Telepsychiatry with XX% share in 2016. The Telepathology segment stands at the fourth spot while
Teledermatology captures least share of the global telehospitals/teleclinics market.
By Component Global Telemedicine Market Analysis - In terms of component, the services
segment commands the largest share of the global telemedicine market. The software segment is an
integral part of telehealth solutions and works as an interface between the database and end users.
The software segment is expected to witness the highest growth during the forecast
period. Hardware is the third largest component of telemedicine market capturing XX% share in
2016, being followed by Telecom & Networking which holds XX% share in the same year.
Telemedicine Market Analysis by Region - Geographically, the global telemedicine market is
dominated by North America and Europe. North America accounted for lion’s share of the total
telemedicine market on account of high demand for technologically advanced products. Europe is
the second leading market for telemedicine and is likely to maintain its position throughout the
forecasting period. In the coming years, the telemedicine market is expected to witness the highest
growth in the Asia-Pacific region, with emphasis on India, China, and Japan.
Global Telemedicine Market Company Profiles Discussed: