Global Telemedicine Market 2018-2022
Telemedicine refers to the provision of healthcare services from a significant distance from the patient's location. It is the use of information technology, including hardware, software, telecom, and IT services to render healthcare services from a distance or a remote location. It comprises clinical health services that include: teleconsultation, telemonitoring, tele-education, telecare, and tele-surgery. Telemedicine contributes significantly to the IT spending by the healthcare industry.
Technavio’s analysts forecast the global telemedicine market expected to grow to USD 78.82 billion during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global telemedicine market for 2018-2022. To calculate the market size, the report considers the technology and services spend on providing healthcare services through telemedicine.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Telemedicine Market 2018-2022
Technavio recognizes the following companies as the key players in the global telemedicine market: IBM, GE, Koninklijke Philips, Siemens, and HP.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is growing acceptance of video consulting. With the declining cost of smart devices and increasing Internet penetration, people can consult doctors at their convenience without having to travel long distances for minor treatments or consultations. Doctors may also provide support to their patients constantly without being present at their clinics or hospitals. Thus, there is increased acceptance of video consulting. Video consulting enables both patients and doctors to save a lot of time and make use of or provide timely care in case of chronic diseases and sudden ill-health. It helps provide first aid in a crisis, but it can also be used to provide special hospital services that increase the chances of patient survival to a great extent.”
According to the report, one of the major drivers for this market is Increased demand for digital health platform. The healthcare industry is witnessing phenomenal changes. This is indicated by the increasing adoption of digital health platforms such as m-health, telehealth, EMR, and other wireless technologies. Today, digital health platforms are essential elements in every healthcare organization as they enable remote monitoring of patients, increase healthcare delivery efficiencies, improve access to electronic health information, and improve the quality of healthcare services along with cost reduction.
Further, the report states that one of the major factors hindering the growth of this market is Issues with implementation. It has been noted that the majority of the global population lives in rural areas and many disparities are found across the world in terms of access to basic healthcare based on various communities, income groups, states, and even districts within a state. Factors like retaining doctors in rural areas, scarcity of physicians, low disposable income of the rural population, inefficient medical facilities, and the cost of implementing technology infrastructure act as obstacles for the implementation of IT-enabled rural healthcare services. Bandwidth availability is another challenge.
IBM, GE, Koninklijke Philips, Siemens, and HP.
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