Published Date : Apr 18, 2017
Albany, New York, April 18, 2017: MarketResearchReports.biz has recently announced the addition of the new market research report on the global market for telemedicine. The detailed report, presenting forecast regarding the market’s growth prospects across key segments, regional markets, and on a global front over the period between 2017 and 2021, is titled “Global Telemedicine Industry 2017, Trends and Forecast Report.”
The report presents an in-depth overview of the market focusing on regional markets such as North America, Asia Pacific, and Europe. The market is examined across countries such as South Korea, the United Kingdom, the United States, Germany, and China. The report presents vast data regarding the market using an incremental approach, starting from the basics and extending to product specifications, cost structures, details regarding manufacturing processes, raw materials, and so forth.
Some of the key factors to have driven the market for telemedicine in the past few years include the increased need for privacy when it comes to patient data, encouraging government initiatives aimed at the integration of technological advances in the healthcare industry, and supportive reimbursement policies, especially across developed economies.
Moreover, the increased awareness regarding the vast benefits of telemedicine in improving the cost and timeframe of delivering excellent services to patients based far away from primary care centers, the rising usage of mobile computing devices across developing economies, and rising disposable incomes are also driving the market. A large number of private and public healthcare bodies have considered telemedicine as the most effective way to make healthcare facilities available to the rural population. People in difficult-to-reach or remote areas can use telemedicine services to gain an easy and better access to primary healthcare services and prevent a number of diseases or conditions from worsening due to absence of primary healthcare practitioners or dedicated medical personnel.
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Owing to these factors, the market for telemedicine is expected to gain increased prominence in the next few years and expand at a promising pace. The market is expected to gain mostly from developed economies across Europe and North America. However, developing economies across Asia Pacific are also expected to present vast growth opportunities as technologies advanced and become affordable for the lower middle class population.
Some of the key challenges faced by the market include the present lack of skilled medical personnel for operating the complex systems and procedures associated with telemedicine practices. The market could also suffer from the lack of standard or professional training for using telemedicine practices. The lack of patient confidence about telemedicine practices could also hamper the growth prospects of the market to a certain extent in the next few years. The report presents a detailed overview of the competitive landscape of the global telemedicine market with the help of vast market-related data and business profiles of some of the leading vendors.
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