Telemedicine Industry Poised for Stunning Growth by 2020

“With rising chronic diseases, growing telecommunication penetration in remote areas, robust R&D, and increasing Government Support, Telemedicine market to show solid growth”, says RNCOS.


Noida, UP -- (SBWIRE) -- 05/28/2015 -- According to a new research report by RNCOS entitled, "Global Telemedicine Market Outlook 2020", the rapidly spreading chronic diseases and ageing population demand high end technological devices that have resulted in a global telemedicine market worth US$ 17.8 Billion in 2014. Besides, the shortage of physicians in rural areas has also advanced the telemedicine market to gain widespread adoption.

In addition to this, broadband initiatives are becoming more universal, which is reviving and revolutionizing the telemedicine technology. Other factors such as increase in remote monitoring of patients, and rise in IT spending, are some of the supreme factors fuelling the telemedicine expansion globally. The evolution of telemedicine as a promising alternative to traditional health services is opening up hot investment opportunities for venture capital firms and healthcare players. Moreover, extension of mHealth apps and Telehealth services are augmenting the telemedicine technology with several entrepreneurial products and services. These factors will enable the industry to become US$ 49.3 Billion by 2020.

Research Analysis & Highlights

The report is spread in over 75 pages and provides an in-depth research and rational analysis of the current status and future prospect of the Global Telemedicine Industry. The report provides a clear picture of the technology, factors driving the industry growth, and challenges faced by the industry. In addition to this, the study includes mergers & acquisition deals that have occurred during past two years. The report further highlights market segmentation of the industry by types of users, applications and geography. With special emphasis on competitive landscape and the share of dominant players in the market, the research provides valuable information to the investors who are looking to enter in this market.

Some of the report's key highlights include:

- Growth Drivers such as Increase in Remote Patient Monitoring, Cost-Cutting and rising prevalence of chronic diseases
- Market Segmentation by Types of Users, Applications & Geography
- Mergers & Acquisitions
- Leading Players and their share in Global Telemedicine market 2014

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.