Global Telemedicine Market Confident about Growth as Digital Health Platforms Lay First Stone

Published Date : Mar 20, 2017

ALBANY, New York, March 20, 2017 – The global telemedicine market has been prophesied in a report added by to give a strong backing to its propitious growth with the rise of remote healthcare monitoring. The research specialists have foreseen the world market to foster growth at a CAGR of 18.95% during the forecast period 2015–2019. Although implementation issues could worry the market, the surge in partnerships which places improved solutions on the table is expected to make the constraint lenient. The report bears the title “Global Telemedicine Market 2015-2019.” 

The publication has unveiled the impact of telemedicine technology on the healthcare sector through the extensive employment of digital health platforms such as wireless technologies, electronic medical record (EMR), telehealth, and mhealth. Clearly, telemedicine has brought some optimistic changes in healthcare via an enduring revolution. Digital health services have proved themselves epoch-making by supporting a broad scope of healthcare operations and requirements, including population health management, clinical decision support, and chronic disease management. 

The demand in the world telemedicine market has been anticipated to grow at a healthy pace, owing to benefits such as cost reduction without compromising on the quality of healthcare services, enhanced access to electronic health data, increased efficiency for healthcare delivery, and remote monitoring of patients. Besides this, the elevating implementation of treatments that demand long-term follow-ups and perpetual innovation in technology are predicted to push the expectations of market players even higher. 

North America is prognosticated to dominate the global telemedicine market by continuing with a lion’s share from 2015. The high demand for highly advanced healthcare services supported by technological sophistication could be a primary driver prevalent in the North America market. Europe is envisaged to hold the next position in the market while Asia Pacific could emerge as a faster growing geographical segment. The sweeping deployment of telemedicine systems across the top regions of the market could be because of the dearth of qualified physicians and lack of healthcare services in remote or rural locations. 

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With its all-embracing usage in the transfer of patient medical reports, teleradiology is envisioned to outpace other specialty technologies in the international telemedicine market. Telehospitals and teleclinics are foretold to secure a higher share in the end-user market. The services component followed by software could lay its hands on a larger revenue share in the global market. 

Leading organizations such as Phillips Healthcare, Mckesson, IBM, Honeywell Life Care Solutions, GE Healthcare, and Cerner are comprehensively analyzed in the global telemedicine market report. Market players may count their success on the growing prevalence of chronic diseases and magnifying rise of aged population. The dire need for affordable healthcare solutions and improving telecommunication infrastructure are other growth factors that players could lean on.

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