Persistence Market Research is released new forthcoming report on title "Tele-Care Medical Equipment Market: Global Industry Analysis and Forecast to 2020".
New York, NY -- (SBWIRE) -- 11/20/2014 -- Tele-care refers to the computerized services which provide remote delivery of care to patients in their own home through telecommunications. Tele-care medical equipments help in real time emergency, improves treatment of chronic disease by delivery of healthcare services to the clients, protects peoples by monitoring vital signs in their home, reduces cost of care delivery, supports expert delivery and provide comfortable environment of health care to the patients. Need for cost and time effective care delivery and demand for home patients monitoring systems are some of the main factors that are driving the tele-care medical equipment market. Some of the tele-care systems help to predict problems and reduce the chances of problem occurring. On the basis of service type, tele-care medical equipment market can be segmented into tele-consultation, tele-monitoring, tele-education, tele-training, tele-care and tele-surgery. Tele-care technology includes heart failure telemonitoring, diabetes remote monitoring, home based care, blood pressure home monitoring, mobile health clinics and healthcare monitoring solutions technology. Some of the major advantages of tele-care medical equipment are no need for hospital stay, reduction in hospital visits for routine check-up. In addition, patients understand more about their conditions and learn self management about it.
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North America, followed by Europe, has the largest market for tele-care medical equipment due to innovations along with technological advancement, developed healthcare infrastructure, government spending and increasing use of remote delivery of care in this region. Asia is expected to experience high growth rate in the tele-care medical equipment market in next few years due to rise in need for time and cost effective care delivery and increasing incidence of chronic diseases.
Technological advancement, cost and time effective care delivery, increasing aging population, government initiatives, adoption of remote delivery of care and rise in incidence of chronic diseases are some of the major factors that are expected to drive the market for tele-care medical equipment. In addition, demand for improved treatment of chronic diseases, favorable reimbursement policies, and need for home patient monitoring systems are expected to drive the market for tele-care medical equipment. However, inadequate and incomplete consideration being reported by some patients and physicians, ethical issues and delayed response by some forms create negative impact on overall industry.
Growing demographics and economies in the developing countries such as India and China is expected to lead the growth in tele-care medical equipment market in Asia. In addition, technological advancement, increasing use of mobile telecommunication technology, growing awareness about tele-care medical equipment for the treatment and rise in demand for home patient monitoring systems are expected to offer new opportunities for global tele-care medical equipment market. Increasing number of mergers and acquisitions, rise in number of collaborations and partnerships and new product launches are some of the latest trends that have been observed in global tele-care medical equipment market. Some of the major companies operating in the global tele-care medical equipment market are GlobalMedia Group, LLC., Robert Bosch GmbH, AMD Global Telemedicine, Inc, GE Healthcare, Honeywell HomeMed and Bayer HealthCare AG. In addition, some other companies operating in global tele-care medical equipment market are IBM Watson, Accenture, Telesofia Medical Ltd., Boehringer Ingelheim GmbH and Eliza Corporation.
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