London, 23 November 2015: Technavio, the independent tech-focused global research firm, has published a report on the global telemedicine market 2015-2019, which is expected to grow at a CAGR of 18.95% during the forecast 2014-2019.
Telehospital/clinics is the highest contributor to the telemedicine market. This segment covers remote healthcare delivered to inpatients or health services offered within hospitals and clinics as referrals. The increase in adoption of telemedicine applications is surging out of need due to the uneven spread of healthcare facilities and professionals across the globe and high prevalence of chronic diseases and rising elderly population.
Global Telemedicine market segmentation by area of services
Source: Technavio 2015
Telemedicine allows remote monitoring of patients and plays an essential role in various critical healthcare situations where the immediate physical presence of healthcare professionals is difficult and often impossible. Nowadays, telemedicine is used as per patients’ terms and convenience with respect to appointment and time when healthcare services are needed by patients. For instance, video conferencing is used to connect patients with doctors when office appointments are not available.
“Healthcare organizations and universities have partnered with digital health providers to study new digital health solutions. This increase has led to increasing partnerships among several healthcare providers and IT organizations,” says Faisal Ghaus, Vice President of Technavio.
Key Market Drivers
- Increased demand for remote patient monitoring
- Shortage of healthcare professionals in rural and remote areas
- Gaining popularity of mhealth
- Financial advantages associated with acute care telemedicine
Key Market Trends
- Increase in partnerships
- Growing acceptance of video consulting
- Telehealth as a service
Key Market Vendors
- Cerner
- GE Healthcare
- Honeywell Life Care Solutions
- IBM
- McKesson
- Philips Healthcare
- Siemens Healthcare
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Telemedicine Market 2015-2019, please send an e-mail to media@TechNavio.com.
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