Global Telemedicine Technologies and Services Market Accounted for Steady Growth at a Remarkable CAGR of 15% Through 2025

Published on : May 18, 2018

Albany, New York, May 18, 2018: The latest 354-page in-depth study, focusing on the market scenario of telemedicine technologies has been broadcasted to the wide storehouse of Market Research Hub (MRH). The study is titled as “Telemedicine Technologies and Services Market - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2017 – 2025” which mainly offers a comprehensive assessment of this market to readers by examining the trends, driving forces, restraints, and opportunities and the impact of these factors on the global market of telemedicine between 2017 and 2025. The report provides estimated market size in terms of US$ Mn and shares in percentage (%) throughout the mentioned forecast.

Telemedicine technology offers convenience to the geriatric population to stay connected to their care providers, which reduces the cost of traveling and long waiting time. As per the study outcomes, the global telemedicine technologies & services market was valued at US$ 21,000 Mn in 2016 and is projected to expand at a notable CAGR of 15% from 2017 to 2025.

Research Enclosure and Key Highlights

To pour more light on this, analysts have compiled the study with a combination of primary and secondary research, which arrive at trends used to forecast the expected revenue of the telemedicine technologies and services market in the near future. Firstly, the research report includes the executive summary comprising of market outlook, key trends, market share by company and estimated production. As the research proceeds, useful aspects such as market overview and market dynamics is enclosed. Knowledge about market drivers, opportunities and restraints are part of this section which underlines the necessary influential factors.

As the report moves ahead, the study offers a pivotal view of the global telemedicine technologies and services market by bifurcating it on the basis of component, specialty and services. Each of these segments is analyzed on the basis of present & future trends. The regional segmentation includes the current and forecast demand across prime geographies such as North America, Europe, Latin America, Middle East & Africa and the Asia Pacific. This evaluation includes profiles of key companies functioning in the global telemedicine technologies and services market.

Some of the prime highlights from the study include following:

  • Rise in geriatric population, increase in prevalence of chronic diseases such as diabetes, cardiovascular diseases, and others, surge in demand for self-care devices/solutions, increase in penetration of smartphones and Internet services, and shortage of healthcare personnel are major factors likely to drive the telemedicine technologies & services market from 2017 to 2025.
  • In terms of revenue, the U.S. was the leading market for telemedicine technologies & services in 2016. It has been estimated that presence of a large number of suppliers and service providers of telemedicine solutions contribute to the major share of the U.S.
  • On the basis of the component, the research states that the services segment is likely to fuel the global telemedicine technologies & services market during the forecast period.

In the end, companies operating in the telemedicine technologies and services market are profiled which include McKesson Corporation, F. Hoffmann-La Roche Ltd., Medtronic, Koninklijke Philips N.V., GE Healthcare, LifeWatch, Honeywell International, Inc., Aerotel Medical Systems Ltd., and GlobalMed, and AMD Global Telemedicine, Inc.

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