Telemedicine is defined as the application of telecommunication technology to provide clinical healthcare to patients, particularly in remote patient care. There are various technologies and devices such as cameras, internet, satellites, and wireless communication that are used to provide telemedicine services, for instance, videoconferencing. Telemedicine provides clinical care services mainly through two technologies: pre-captured and real-time. Telemedicine helps eliminate distance barriers and improves access to medical services that would often not be easily accessible in rural areas. Moreover, it helps save lives in critical care and emergency situations.
Technavio's analysts forecast the telemedicine market in BRIC to grow at a CAGR of 16.14% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the telemedicine market in BRIC for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of various equipment used as a part of telemedicine system. The market can be divided into two segments based on the following: technology and services.
Technavio's report, the Telemedicine Market in BRIC 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the telemedicine market in BRIC and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Telemedicine Market in BRIC 2015-2019
Technavio recognizes the following companies as the key players in Telemedicine Market in BRIC 2015-2019: Agfa-Gevaert, AMD Global Telemedicine, Honeywell HomMed and Philips Healthcare
Other Prominent Vendors in the market are: Aerotel Medical Systems, Alcatel Lucent, American Telecare, CardioComm, Cisco Systems, Cybernet Medical, IBM, LifeWatch, Bosch Healthcare, Viterion TeleHealthcare and Zydacron
Commenting on the report, an analyst from Technavio’s team said: “Governments in the BRIC countries have increased their support to promote the market. For instance, Brazil is attracting numerous telemedicine projects because of governmental healthcare initiatives that target low-income groups. Similarly, the market in Russia is growing rapidly because of governmental initiatives regarding health education and teleconsultation services in rural areas, and these areas are being connected to urban hospitals via broadband.”
According to the report, the majority of the population in the BRIC countries resides in rural areas. The need for healthcare in these areas compels the governments in these countries to take initiatives for health education and teleconsultation services.
Further, the report states that the limited data security of telemedicine software inhibits market growth.
Agfa-Gevaert, AMD Global Telemedicine, Honeywell HomMed, Philips Healthcare, Aerotel Medical Systems, Alcatel Lucent, American Telecare, CardioComm, Cisco Systems, Cybernet Medical, IBM, LifeWatch, Bosch Healthcare, Viterion TeleHealthcare and Zydacron
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