CAGR of 18.95% the Global Telemedicine Market Research and Forecast Between 2015-2019

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Albany, NY -- (SBWIRE) -- 01/20/2016 -- In the last few years, telemedicine technology has revolutionized the healthcare industry. The healthcare industry is witnessing phenomenal changes. This is indicated by the wide use of digital health platforms such as mhealth, telehealth, EMR, and other wireless technologies. Digital health platforms are the essential elements in every healthcare organization as it helps to remotely monitor patients, increases healthcare delivery efficiencies, improves access to electronic health information, and enhances the quality of healthcare services along with reducing costs. They support a wide range of healthcare needs and functions such as chronic disease management, clinical decision support, and population health management.

Global telemedicine market to grow at a CAGR of 18.95% over the period 2014-2019.

Covered in this report

The report covers the current scenario and the growth prospects of the global telemedicine market for 2015-2019. To calculate the market size, the report considers revenue generated from the following:

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Technology and services

Telehospitals/teleclinics and telehome

Global Telemedicine Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, EMEA, and APAC; it also covers the landscape of the global telemedicine market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key vendors

GE Healthcare
Honeywell Life Care Solutions
Phillips Healthcare

(Telemedicine Technologies Market - Global Industry Size, Market Share, Trends, Analysis And Forecasts 2012 - 2018:

Telemedicine technology is making healthcare market more interactive by implementing the latest technology and telecommunication in providing healthcare services. This market is witnessing stupendous growth due to increase in remote monitoring of patients along with the increasing demand for telesurgery. Driven by the telehospital services market, telemedicine technologies market is expected to reach $7 billion from $5.9 billion by the end of 2013. Telemedicine technology is used as a tool to cut down healthcare costs and save lots of funds spent on healthcare services.)

(Video Telemedicine Market (Communication Technologies: 3G, 4G, ADSL, B-ISDN, And Satellite Communication; Applications: Cardiology, Dermatology, Neurology, Orthopedics, Oncology, Pathology, Radiology, Gynecology, & Dentistry) - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2014 - 2020:

Telemedicine is the evolved format of traditional medicine that provides medical care to individuals worldwide with the benefits of cost efficiency and convenience of location. With the advent of communication technology to the medical sciences, telemedicine gives the patient newer possibilities to obtain a healthier lifestyle which thereby increases their healthcare coverage and patient satisfaction. Patients are no longer subjected to travel or waiting periods and could seek medical attention in the comfort of their homes.)

Other prominent vendors

Aerotel Medical Systems
Allscripts Healthcare Solutions
AMD Global Telemedicine
American Well
Cisco Systems
F. Hoffmann-La Roche
Huawei Technologies
InTouch Technologies
Siemens Healthcare
VSee Lab

Key market driver

Increased usage of remote process monitoring
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Key market challenge

Implementation challenges
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Key market trend

Increase in partnerships
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Key questions answered in this report

What will the market size be in 2019 and what will the growth rate be
What are the key market trends
What is driving this market
What are the challenges to market growth
Who are the key vendors in this market space
What are the market opportunities and threats faced by the key vendors
What are the strengths and weaknesses of the key vendors