Telemedicine Market To Witness Growth Based On Growing Prevalence Of Cardiac Conditions Till 2025: Grand View Research, Inc.
The global telemedicine market is expected to reach USD 113.1
billion by 2025, according to a new report by Grand View Research, Inc. Key
drivers of the market include increasing incidences of chronic conditions and
rising demand for self-care. Furthermore, enhancing application of internet,
virtual medicine and rising demand for centralization of healthcare are
expected to save on cost incurred, which is one of the critical success factors
attributing for the growth of telemedicine market.
Virtual medicine is benefiting in
reducing the emergency room visits and hospitalization rate, thereby augmenting
the market growth. The telemedicine market is segmented on the basis of
products, and region. The service offers prime channel for various providers to
communicate on the same platform and thus, centralize all the available
data.
Telemedicine products are
distributed by direct supply contract amongst the manufacturers and end users
or maybe concluded via a third party supplier. Government initiated healthcare
programs across the nation are anticipated to propel the direct agreement
method by conducting private bidding and voluntarily sponsorship by market
players.
Browse full research report on Telemedicine Market: http://www.grandviewresearch.com/industry-analysis/telemedicine-industry
Further key findings from
the study suggest:
- Connectivity & network is anticipated to be the
fastest growing product segment of this market over the forecast period.
- Increasing demand of automation and synchronization
across the system is anticipated to be the vital drive for the market
growth.
- North America, being a pioneer in IT technologies,
dominated the global telemedicine market. Available advanced organization
with plenty funds contributed to its domination.
- Asia Pacific is predicted to witness lucrative growth
over the forecast period. Economic reforms, boosting IT industry, and low
functioning costs are the key factors attracting market players to
participate in this region.
- Some of the key players in this space include IBM,
Intel Corporation, Philips Healthcare, McKesson Corporation, AMD
Telemedicine, GE Healthcare, and Cardio Net Inc.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented the global telemedicine
market on the basis of product, and region:
Global Telemedicine Product Outlook (Revenue, USD
Million, 2014-2025)
- Hardware
- Network
& Connectivity
- Others
Telemedicine Regional Outlook (Revenue, USD Million,
2014-2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- Mexico
- Middle
East and Africa (MEA)
- South
Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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