Telemedicine Market size was valued at USD 24.9 billion in 2016 and is anticipated to reach USD 113.1 billion by 2025, with a CAGR of 18.3%. Global telemedicine demand is expected to show a steady growth on account of increasing focus on emergency healthcare services

1. Telemedicine Market Porters Five Forces Analysis, Key takeaways
Forecast 2025
The global Telemedicine Market size was valued at USD 24.9 billion in 2016 and is anticipated to reach USD
113.1 billion by 2025, with a CAGR of 18.3%. Global telemedicine demand is expected to show a steady growth
on account of increasing focus on emergency healthcare services. Development of information technology and
increased internet speed has significantly contributed towards the overall industry growth. Telemedicine is a
service through which healthcare service is delivered with the help of communication technologies for patients
at a distance. It is used to provide clinical healthcare facilities that are not available in remote areas. It helps in
eliminating distance barriers and often used in emergency situations.
Delivery of healthcare service in remote and rural areas drives the overall market. It is difficult for medical
institutions to set up their facilities in rural markets. These markets are catered through telemedicine
technology. Telemedicine is beneficial for patients who live in isolated communities. These patients can receive
treatment from doctors without the need for patients to travel to visit them. Development in mobile technology
has helped healthcare professionals share information and discuss medical issues on a real time basis as if
doctors were present in the same place. Telemedicine eliminates the risk of transmission of contagious diseases
between patients and physicians. Some patients do not feel comfortable in seeking a treatment at a doctor’s
clinic. Some patients are home bound are require an ambulance for their movement. These kinds of patient
characteristics drive the market growth over the future. Telemedicine has helped to fasten the treatment
process especially in the field of emergency healthcare.
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“Telemedicine Market size was valued at USD 24.9 billion in 2016 and is
anticipated to reach USD 113.1 billion by 2025, with a CAGR of 18.3%. Global
telemedicine demand is expected to show a steady growth on account of
increasing focus on emergency healthcare services.”

2. These technologies are efficient in crowd control. It helps in reducing the burden on hospitals and administrative
staff. Medical counselling through web conferencing has enabled hospitals avoid time delays and long queues.
Therefore, healthcare organizations with large inflow of patients are expected to find major applications for
crowd management.
Further, telemedicine has given rise to many diverse fields under the umbrella technology which include
telenursing, telepharmacy, telerehabilitation, teletrauma, telecardiology and telepsychiatry. Absence of well-
established I.T arrangement is expected to pull down the overall system growth as launching these applications
requires highly proficient I.T systems, internet and maintenance. Moreover, these applications are high in cost
and require regular updates and maintenance.
Regulatory bodies play an important part in overall development of the industry. Manufacturers and healthcare
institutes depend on government support with respect to financial aid. Practitioners require a full license to
deliver these services in the U.S. Development of technology, especially in the field of robotics, is expected to
provide great opportunities in the near future. Remote surgery has been made possible with the help of robotics
where robots are controlled by surgeons sitting at a remote distance. Such innovations are expected to provide
bright prospects for the overall industry growth.
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Implementation of these facilities in defense and military has enabled doctors to provide instant medication at
remote locations. Market penetration in diverse sectors including military, oil extraction and mining is expected
to propel the demand in near future. Segmentation is done on the basis of service delivery which includes store
and forward, remote monitoring and real-time interactive. Store and forward segment does the work of
acquiring data which is used by the doctor for assessment. The assessment is done either on real time basis or
it can be done offline as per convenience. Specialties including Dermatology, radiology, and pathology are
known to take help of telemedicine services.
Real time interactive segment is the most popular and fastest growing segment. This is a replacement of
traditional face to face visits where physical examination, history reviews, psychiatric evaluations are
undertaken using these facilities. Remote monitoring segment enables a doctor to observe a patient remotely
using multiple technical devices. These kinds of facilities are used in managing chronic disorders including
cardiac arrests, asthma and diabetes. North America is expected to observe highest demand in the global
industry on account of the well-developed healthcare sector and implementation of advanced IT infrastructure.

3. Similarly, Western Europe is expected to show a substantial demand over the forecast period on account of
increasing emphasis by the regional government on healthcare facilities coupled with the stringent regulatory
framework. Asia Pacific and the Middle East are expected to observe significant growth on account of the
increasing government initiatives to establish proper healthcare infrastructure in developing economies
including China, India, Japan and UAE.
Key vendors providing technical products are Intouch Technologies, Cardiocom, LLC, Cisco systems, AMD Global
Telemedicine, Honeywell, Siemens, McKesson, Hoffmann-La Roche, Allscripts Healthcare, Agfa Healthcare,
Lifewatch, and Medtronic. Major companies that provide these services are American Well, Teladoc, and Doctor
on Demand. Companies are focusing on creating awareness of these technologies to increase their overall
demand. Establishment of dedicated facilities for various industrial sectors is expected to provide fuel the
market.
Market Segment:
Global Telemedicine Product Outlook (Revenue, USD Million, 2014-2025)
• Hardware
• Network & Connectivity
• Others
Telemedicine Regional Outlook (Revenue, USD Million, 2014-2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• Japan
• China
• Latin America
• Brazil
• Mexico
• Middle East and Africa (MEA)
• South Africa
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