Global Telemedicine Market worth USD 40.64 Billion by 2024

Global Telemedicine Market worth USD 40.64 Billion by 2024

Pune, India, April 05, 2019 -- /360iResearch/ -- The report "Global Telemedicine Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 21.96 billion in 2017 and is projected to reach USD 40.64 billion by 2024, growing at a CAGR of 9.19% from 2017 to 2024.

The major forces driving the growth of the telemedicine market include the ict leveraging healthcare service delivery and surging demand for self-care and home monitoring devices in the remote care of patients. Moreover, rise in tech-savvy citizens and enforcement of norms by government rising use of home monitoring devices and its increasing benefits in the care of patients and efficiency in delivering medical services to urban and rural healthcare institutions are also some of the factors that are driving the market growth. However limited trained medical personnel specializing in telemedicine, and limited reimbursement may hinder the market growth. In the middle of difficulty lies opportunity such as the gaining popularity for video consulting and mhealth, and growing acceptance of telemedicine in emerging economies. The possible challenges for the market growth is privacy and security associated with telehealth. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on component, the global telemedicine market is studied across Hardware, and Software. Based on service, the global telemedicine market is studied across Tele-consulting, Tele-education, Tele-monitoring, Tele-pathology, Tele-psychiatry, Tele-radiology, Tele-surgery, and Tele-training. Based on speciality, the global telemedicine market is studied across Cardiology, Dermatology, Emergency Care, Gynecology, Internal Medicine, Neurology, and Orthopedics. Based on end user, the global telemedicine market is studied across Ambulatory Surgical Centers, Home care settings, Hospitals & Clinics, and mHealth Providers. Based on geography, the global telemedicine market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the telemedicine market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are AMD Global, Aerotel Medical Systems Ltd., Allscripts Healthcare Solutions, Inc., BioTelemetry, CISCO Systems, Cardiocom, LLC, F. Hoffmann-La Roche Ltd, GE, HP, Honeywell HomMed, IBM, InTouch Technologies, Inc., Koninklijke Philips, LifeWatch AG, McKesson Corporation, Medtronic, Siemens, and Telemedicine, Inc..

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