Telemedicine Market Is Projected To Grow Quickly Due To Rising Demand For Centralization Of Healthcare Till 2022: 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.
U.S.
telemedicine market by product, 2014 - 2025 (USD Billion)
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.
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-telemedicine-industry
About
Grand View Research, Inc:
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, the company offers market intelligence
studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
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