"The Global Telemedicine Market was valued at USD xx million in 2016, USD xx million in 2017, and is forecasted to reach USD xx million by 2025, with a CAGR of xx% during the forecast period (2018-2025).
Increase in rural health issues and hospitalizations, lack of resources to meet the increased cases etc., necessitated the growth of global Telemedicine market. Telemedicine is two-way, real-time interactive communication between a patient and healthcare provider at a different place, and supported by audio and video equipment along with integrated medical devices, enables the clinicians to evaluate, diagnose and treat patients remotely.
Studies reveal that over 62 million people lack access to adequate healthcare services. Also, the studies estimate, by 2020 there will be a shortage of 45,000 primary care providers. Delay in care due to lack of access is leading to health complications are necessitating the use of Telemedicine.
In many instances, telemedicine offers numerous benefits as a complement to traditional in-person medical care, including:
It is particularly helpful in rural areas, where there is a lack of accessibility to both basic health care and specialty care due to the shortage of healthcare providers.
Faster access to healthcare, which is a crucial factor in improved patient engagement and better outcomes.
Progress in healthcare industry towards the value-based care and use of telehealth technologies results in positive outcomes including fewer hospital re-admissions, more faithful following of prescribed courses of treatment, and faster recovery than that of patients not receiving the remote intervention.
Telemedicine allows hospitals to create a network to provide each other with support. By easily sharing their expertise outside their own institutions, doctors can offer incredible value to their medical colleagues and those colleagues’ patients.
Remote medical technology is an increasingly effective way to administer preventive medicine and manage chronic conditions. Telemedicine can be accessed through phone, video conference/kiosk and mobile app, through a simple 3-step process as mentioned below.
Global Telemedicine Market
All these advantages and ease of access are driving the global telemedicine market.
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles. Telemedicine Market is segmented based on the specialty area such as General Consultation, Cardiology, Dermatology, Neurology, Gynecology, Trauma Care, Ophthalmology, Orthopedics, Psychiatry, Pathology, General Surgery, and Others. Further, the market is segmented based on End Users such as Hospitals, Clinics, Patients and others. In addition, the market is segmented based on Technology such as Hardware, Software, and Telecommunications. The market is also classified based on the type such as Telehospitals/Clinics, Telehome, and mhealth.
The report segments the geographies by regions, which include North America, South America, Europe, Asia Pacific and RoW.
The report profiles the following companies, which includes CareClix, ConsultADoctor, Teladoc, MeMD, iCliniq, American Well, Mdlive, MDAligne, StatDoctors, Doctor on Demand, Specialists On Call and LiveHealth Online.
Why purchase the report?
Visualize the composition of the Telemedicine market across each indication, in terms of type and applications, highlighting the key commercial assets and players.
Identify commercial opportunities in Telemedicine by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of the Telemedicine market – level 4/5 segmentation
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
Product mapping in excel for the key Telemedicine products of all major market players."
Table of Contents
3.1. Market Definition
3.2. Research Methodology
4.1. Key Developments
4.2. Future Market Outlook
Telemedicine Â– Industry Analysis
5.1. Market Drivers
5.2. Market Restraints
5.3. Threats and Opportunities
5.4. PorterÂ’s Five Forces
Telemedicine Â– Market Analysis
6.1. Telemedicine Â– By Speciality Area
6.1.3. General Surgery
6.1.5. General Consultation
6.1.11. Trauma Care
6.2. Telemedicine- By End Users
6.3. Telemedicine- By Technology
6.4. Telemedicine- By Type
6.4.1. Mhealth (Mobile Health)
6.4.2. Tele Hospitals/Clinics
Telemedicine Â– Geographical Analysis
7.1. North America
7.1.1. The USA
7.2.3. The UK
7.2.6. Rest of Europe
7.3. Asia Pacific
7.3.5. Rest of Asia Pacific
7.4. Middle East and Africa
7.5. South America
7.5.3. Rest of South America
Telemedicine Â– Competitive Landscape
8.1. Market Share Analysis
8.2. Key Strategies
8.3. Product Benchmarking
Telemedicine Â– Competitive Landscape
9.10. Doctor on Demand
9.11. Specialists On Call
9.12. LiveHealth Online
10. Telemedicine Â– Appendix
10.2 List of Tables
10.3 Expert Panel Validation
10.5 Contact Us
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.