Pune, India -- (SBWIRE) -- 04/06/2020 -- Telemedicine Market is accounted for $21.56 billion in 2017 and is expected to reach $93.45 billion by 2026 growing at a CAGR of 17.7% during the forecast period. Some of the key factors influencing the market growth include rising prevalence of chronic diseases, favorable government initiatives, telecommunication growth in BRIC countries and growing medicare reimbursement for telehealth services. However, privacy & security concerns and high infrastructure cost are hampering the market. In addition, growing acceptance of 4G and 5G spectrum provides huge opportunities for the players in the market.

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Telemedicine is considered as the most adaptable technology accessible to deliver health education, health information and health care at a distance. Through the technologies, sophisticated patient centered care and increased access to remote locations is possible. It also helps in reducing emergency room visit and hospitalization rate, thus augmenting the market growth. Telemedicine serves as a provision for a variety of remote clinical services, which gain with the help of real-time, two-way communication between the patient and the healthcare provider. This involves the application of a variety of electronic, audio, and visual means.

Among the various services of telemedicine, tele-monitoring is expected to grow at the significant market share during forecast period. This can be attributed to the increasing geriatric and disabled populations who are commonly diagnosed with diabetes and cardiovascular complications. By geography, the Asia Pacific region exhibits fastest growth and is expected to lead the global market by the end of the decade due to increasing populations in rural & urban areas and augmented government initiatives. Moreover, the existence of a large number of technologies developed units in this region offering cheaper equipment shall ensure steady market growth.

Some of the key players in global Telemedicine market are:
Allscripts Healthcare Solutions Inc, InTouch Technologies, Inc, CISCO Systems, Inc, F. Hoffmann-La Roche Ltd, AMD Global Telemedicine, Inc, Honeywell HomMed LLC, OBS Medical Ltd, LifeWatch AG, Medtronic, Inc, Siemens Healthcare , McKesson Corp, Agfa HealthCare NV, Philips Healthcare, GE Healthcare Ltd and International Business Machines Corp.

Telemedicine market Components: Software, Services, Hardware, Telecom and Networking

Telemedicine Services: Teledermatology, Telecardiology, Teleconsultation, Telepathology, Teleradiology, Telesurgery, Telepsychiatry, Tele-Monitoring, Tele-Education, Tele-Training, Tele-Care, Tele-Oncology, Tele-Pharmacy, Tele-Nursing

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Telemedicine Types: Telehomes, Tele hospitals and clinics, MHealth (Mobile Health)

Telemedicine Applications: Orthopedics, Emergency care, Internal Medicine, Neurology, Cardiology, Dermatology, Gynecology, Ophthalmology, Psychiatry, Pathology, General surgery, Trauma care

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Some Points of TOC:
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Telemedicine Market, By Component
6 Global Telemedicine Market, By Service
7 Global Telemedicine Market, By Delivery Mode
8 Global Telemedicine Market, By Type
9 Global Telemedicine Market, By Application
10 Global Telemedicine Market, By Geography
11 Key Developments
12 Company Profiling

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