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Telemedicine is the use of information technology and telecommunication to provide solutions clinically to the patients. It involves use of several services and applications like wireless tools and two-way videos, emails, smart phones to give systematic results.The market was estimated to grow from USD 35.46 billion in 2018 to USD 80.61 billion in 2023 with a compound annual growth rate (CAGR) of 17.85% over the next five years.
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Usage of telemedicine helps to improve the health of the individual by using electronic media. Several services like patients monitoring, specialist referral service and primary care, healthcare information and medical education are administered with the help of telemedicine. It consists of medical advices, health informatics, medical imaging and medical records. With the help of information technology, the professionals of healthcare can access patients in remote areas and cure them. It is based on the information technology of health for its several functions like forward and store image transfer software, electronic health records and administrative billing.
Telemedicine, because of their capacity to evaluate various situations like cancer, cardiovascular conditions and diabetes are predicted to witness significant growth in the calculated period. Telemedicine are used in various medical sectors like primary healthcare, genetics, diabetes control, psychiatry, radiology, cardiology, pathology and many more.
Telemedicine is divided into three categories: service, geography and specialty.
1) Service: Divided into tele-monitoring, tele-training, tele-education, tele-consultation, tele-surgery and tele-care.
2) Geography: Divided into Europe, North America, Rest of the World and Asia.
3) Specialty: Divided into gynecology, neurology, cardiology, orthopedics, dermatology, internal medicine, emergency care and many more.
Major Companies Operating the Telemedicine Market:
Some of the major companies operating in the telemedicine market are:-
AMD Global Telemedicine, GE Healthcare (U.K.), CISCO Systems, Inc., Medtronic, Inc., Honeywell Lifesciences, Aerotel Medical Systems, Philips healthcare, McKesson Corp, Cerner Corporation, CardioComm. Other players in the telemedicine market are Apollo Hospitals (India), 3M, Robert Bosch Healthcare, Neosoft (China), SnapMD (U.S.), Polycom Corp., F. Hoffmann-La Roche Ltd., InTouch Technologies, Inc., LifeWatch AG, OBS Medical Ltd., Siemens Healthcare, Agfa HealthCare NV, Allscripts Healthcare Solutions, Biotelemetry, Inc.
For example, in May 2017, ClearHealth Quality Institute (CHQI) and American Telemedicine Association (ATA) declared a joint project to grow the accreditations standards of next generation telemedicine. In terms of partnership, this program was handled by CHQI. This program will promote patient’s health services, patient safety and transparency of operation.
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Some Point from Table of Content:
1.Introduction
2.Research Methodology
3.Overview
4.Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
5.Market Segmentation
6.Geographical Analysis
7.Strategic Analysis
8. Market Leaders' Analysis
8.1 GE Healthcare
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 AMD Telemedicine
8.3 CISCO Systems, Inc.
8.4 Medtronic, Inc.
8.5 Honeywell Lifesciences
8.6 Aerotel Medical Systems
8.7 Philips healthcare
8.8 McKesson Corp
8.9 Cerner Corporation
8.10 CardioComm
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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