Telemedicine can be defined as the use of telecommunication and information technology to provide clinical health care services from a distance. Use of telemedicine, helps eliminate distance barriers between healthcare service providers and patients. Moreover, application of telemedicine in critical care and emergency situations is highly beneficial for both the patient and physician.
Increasing incidence of chronic diseases all over the globe and rising geriatric population are key drivers for growth of the global telemedicine technologies market. Moreover, technological advancements, increasing burden on existing hospital care due to growing health care demands, and increasing connectivity across the globe are major factors driving growth of the global telemedicine technologies market.
However, high cost of equipment and scarcity of medical practitioners dedicated to telemedicine services are key restraints for growth of the global telemedicine technologies market. Lack of appropriate infrastructure and growing concern among patients about the inadequacy of virtual consultation are major factors affecting growth of the global telemedicine technologies market.
Globally increasing internet penetration in rural and remote areas, and use of technology in healthcare practices are opportunities for major players in the global telemedicine technologies market.
Geographically, North America dominates the telemedicine technologies market in terms of revenue owing to best in class infrastructure, best in industry practices, higher technological usage by citizen & doctors and higher spending by the citizens towards healthcare. North America was followed by Europe and Asia-Pacific as second and third largest markets for telemedicine technologies. The market in Asia Pacific is projected to have the fastest growth in terms of revenue, owing to rapidly developing medical infrastructure, increasing medical tourism, increased spending, and increasing awareness amongst population in emerging nations such as China and India in this region.
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The global telemedicine technologies market is segmented into components, applications, end users, and regions. On the basis of components, the market is sub segmented into hardware, software and services. On the basis of applications, the market is segmented into Telecardiology, Neurology, Dermatology, Orthopaedics, Emergency Care, Internal Medicine, Gynaecology, Teleradiology, Telepathology, and Telepsychiatry. On the basis of end user, into Tele hospitals, Teleclinics and Tele homes. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Some prominent players in the global telemedicine technologies market includes, International Business Machines Corp., Aerotel Medical Systems Ltd., Cardiocom, Intouch Technologies, Honeywell International, Inc., Medtronic Inc., Roche, Siemens Healthcare, 3m Health Information Systems, Agfa Healthcare Nv, Cisco, Amd Telemedicine Inc., Telemedicine Integrators, and Cybernet Medical Corp.
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