TechNavio recognizes the following companies as the key players in the Global Telemedicine Market: Agfa-Gevaert N.V., AMD Global Telemedicine Inc., Honeywell HomMed LLC and Philips Healthcare.
Commenting on the report, an analyst from TechNavio’s team said: “One of the significant trends in this market is that its major players are focusing on R&D activities to launch innovative products and services. For instance, in 2008, Siemens Healthcare introduced the ARTISTE Solution, and Mennen Medical introduced the VitaLogik 4000 Series Patient Monitor. Other vendors have also been developing innovative products to increase product quality. RTX Healthcare, for instance, introduced a new wireless telehealth monitor, and Cardiac Science introduced Quinton Q-Tel RMS 3.0 in May 2007. Further, SHL Group Ltd. introduced the Advanced ECG Transmission Device, Honeywell introduced Telehealth Ecosystem in October 2007, and TeleVital launched a telemedicine service.”
According to the report, one of the main drivers is the increased adoption of remote patient monitoring worldwide. Remote monitoring of patients through telemedicine is rapidly gaining acceptance in the EMEA region, where the number of people over 65 years of age are the highest in the world. Moreover, the Global Telemedicine market is experiencing a significant increase in the number of federal grants offered in the US.
Further, the report states that one of the major challenges in the market is the high cost of telemedicine technology. The rapid emergence of mHealth applications, diagnosis through medical images, telecare assistance for patients, and other expensive telemedicine technologies has increased the cost of telemedicine software and services.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are VamsTec, Polycom Inc., Sony Corp., Alcatel-Lucent, Cisco, American Telecare Inc., Cybernet Medical Corp., Robert Bosch Healthcare, Zydacron, Viterion Telehealthcare, SHL Telemedicine Ltd., Lifewatch AG, and LifeSize Communications.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-telemedicine-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Telemedicine Market 2012-2016
