Telemedicine allows
healthcare professionals to evaluate, diagnose and treat patients in remote
locations by using telecommunications and information technology as medium of
communication between patients and doctors. Telemedicine is also referred to as
telehealth or e-health. Telemedicine enables patients in remote locations to
access medical expertise easily, efficiently and without travel. Telemedicine
provides more efficient use of limited expert resources to monitor patients in
remote locations whenever it is required without leaving their facility. In
addition, this technology helps local practitioners to consult with their peers
and with other clinical experts when it is required.
TBRC’s report also
covers telemedicine trends in the market, order the report at
Telehealth Industry Statistics
The global market for telemedicine
technology is expected to grow at a CAGR of around 20% for the forecast period
2017 – 2021. This high growth can be attributed to market factors such as
continuously aging population, shortage of physicians and
specialist healthcare professionals, ubiquity of mobile technologies, and
other such factors mentioned in the report.
Most of the companies operating
in the North American market are headquartered in the United States, where a
rising number of patients suffering with chronic diseases due to the rapidly
growing aging population, shortage of healthcare professionals, growing
requirement of healthcare facilities in remote area, changing life style habits
of the population, and lack of proper disease management are expected to
increase the demand for remote patient monitoring. This will boost the market
for telemedicine applications.
Early adoption of telemedicine
applications in hospitals owing to the increasing cost of healthcare treatments
helps the North American gain a leading position in the market and this is
expected to continue to 2022. The shortage of healthcare professionals in
clinics and hospitals in this region is providing technology companies with an
opportunity to create applications for healthcare treatment. In addition to
these factors, technological advances and favorable reimbursement policies are
also favoring the growth of this market.
Download sample report at
The Future Of Telemedicine
The North American telemedicine
technologies market was valued at about $15 billion in 2016 and is expected to
reach nearly $45 billion by 2022.
There are, however, certain
restraining factors in the market which could hinder its growth. These include
the high cost of telemedicine technologies, and a lack of professionals with
the required expertise.
Key players operating in this
region include Polycom, Baxter International, Cisco, Gentiva Health Service,
McKesson Corporation, Cerner Corporation, AMD Telemedicine, Honeywell Life Care
Solutions, etc.
Companies included in the
report are Aerotel Medical Systems
Limited, AMD Telemedicine, Inc., Apollo PACS Inc., GE Healthcare Ltd. and Polycom.
Geographies in which these companies are dominant along with future trends are
also mentioned in the report.
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