Global telemedicine market is projected to attain a size of $48.8 billion by 2023. This significant growth in the market is characterized by rising healthcare cost, increasing government funding and grants for telemedicine, increasing number of smart phone users and the surge in the prevalence of chronic and lifestyle diseases.
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Healthcare industry is filled with innovative technologies designed to improve outcomes, increase operational efficiency and expand access to health services. The deployments of telemedicine services have significantly changed the healthcare services due to various technological innovation in the field of medical device and services. It has helped healthcare providers to attend several patients remotely at the same time with unified collaborative communication solutions.
Telemedicine technology is mounting with integrated home-healthcare, connected and telemedicine platforms. For instance, SnapMD’s Connected Care platform allows healthcare systems to easily and cost effectively extends their care models to include the virtual visit, while maintaining continuity of care.
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Competitive Analysis
Some of the key players operating in the telemedicine market include LifeWatch AG, Aerotel Medical Systems Ltd., InTouch Technologies Inc., AMD Global Telemedicine Inc., OBS Medical Ltd., Cisco Systems Inc., Cerner Corporation, Allscripts Healthcare Solutions, Inc., McKesson Corporation, Honeywell Life Care Solutions, Koninklijke Philips N.V., BioTelemetry Inc., Medtronic PLC, Polycom Inc., and General Electric Company.
GLOBAL TELEMEDICINE MARKET SEGMENTATION
By Specialty
• Dermatology
• Neurology
• Gynecology
• Orthopedic
• Cardiology
• Others
By Service
• Tele-Consulting
• Tele-Monitoring
• Tele-Education
• Tele-Training
• Others
By End User
• Tele-Hospital and Clinic
• Tele-Home
By Geography
• North America
o U.S.
o Canada
o Rest of North America
• Europe
o U.K.
o Germany
o France
o Rest of Europe
• Asia
o Japan
o China
o India
o Rest of Asia
• Rest of the World (RoW)
Source: P&S Intelligence