Transparency Market Research
Global Telemedicine Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020
Published Date 01-Sept-2014
100 Page Report
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Press Release Global Telemedicine Market Expected to Reach USD 36.3 Billion by 2020: Transparency Market Research
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Global Telemedicine Market
REPORT DESCRIPTION
Global Telemedicine Market Expected to Reach USD 36.3 Billion by 2020: Transparency Market Research
According to a new market report published by Transparency Market Research "Telemedicine Market [Specialty (Cardiology, Dermatology, Neurology, Orthopedics, Emergency Care, Internal Medicine, Gynecology, and Others) and Services (Tele-Consultation, Tele-Monitoring, Tele-Education, TeleTraining, Tele-Care, and Tele-Surgery)] - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020," the global telemedicine market was valued at USD 14.3 billion in 2013 and is expected to grow at a CAGR of 14.3% in the forecast period from 2014 to 2020, to reach an estimated value of USD 36.3 billion in 2020. Browse the full Global Telemedicine Market Report at http://www.transparencymarketresearch.com/telemedicine-market.html Traditional medical practices have been followed since the time of Hippocrates, which generally involved patients traveling to the physician locale and waiting for a long period of time to get treatment. However, hospitals today have reduced waiting time considerably with the help of modern technologies such as telephonic appointments. The central factor of travelling to a healthcare facility and waiting for an appointment still persists in most medical institutions across the world hence, in order to suffice the unmet medical needs of people healthcare facilities have amalgamated medical science and instant communication technology to create a novel mode of diagnosis and treatment; which is now known as telemedicine. According to the Health Care Cost Institute's (HCCI) report for U.S in 2011, the per capita spending on healthcare increased by 4.6% from 2010, however the outpatient growth had reduced from 8% (2009-2010) to 6.8% in 2011. This clearly signified the change in trend among patients, with increased preference for home based telemedicine services. The safety and convenience of home based telemedicine was seen as the primary favoring factor for using telemedicine. The decreased risk of acquiring hospital infections is seen as the other factor responsible for choosing telemedicine over traditional medicine. Get Free Sample Reports at http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=3032 The global telemedicine market has been primarily segmented in terms of specialty and services offered. Based on medical specialty the market has been further segmented into cardiology, neurology, dermatology, orthopedics, emergency care, internal medicine, gynecology and other specialty areas such as gastroenterology, pediatric care, ophthalmology and dentistry. Dermatology emerged as the segment leader in terms of market revenue among the medical specialty segments, accounting for approximately USD 2.0 billion in 2013. This corresponds with the Center for Disease
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Control (CDC) study that suggested dermatology cases to be among the most reported cases in an Emergency Room (ER). The highest growth rate however was attributed to the neurology segment that displayed a CAGR of 15.9% during the forecast period, which was mainly attributed to the large number of strokes, Alzheimer's and Parkinson's cases. Psychiatry is also one aspect included in neurology and globally; psychiatry problems are often included within neurological or neurodegenerative segment, hence providing for a large patient pool in neurology. Psychiatry consultations are also the most frequently recorded form of neurological consultations worldwide. Browse All Medical Devices Market Research Reports @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html By service type, tele-consultation showed the highest market revenue in 2013. Medical consultation services are the most common form of telemedicine used by physicians worldwide for differential diagnosis consultation. Video conferencing and telecommunication services like mobile phone, etc. are the favored forms of telemedicine consultation. Tele-monitoring exhibited the highest growth rate at a CAGR of over 15%. This growth is in correspondence with the large number of diabetic and disability patients in the world, which are rising with every passing year. Metabolic disorders like diabetes and other congenital diseases are the primary reason to activate constant monitoring among patients. Insulin injections and blood metabolite monitoring procedures are performed by devices which are then used to extrapolate the patient's health. In terms of geography, North America accounted for the largest share of the telemedicine market in the year 2013. This is attributed to factors such as country wide implementation of telemedicine and the presence of a majority of telemedicine service providers who have established their base of operation in the U.S. The fastest market growth rate was however exhibited by the Asia Pacific region, which is expected to grow with a CAGR of more than 16%. The ever growing population in developing and developed countries provides a large market for telemedicine, primarily because of the increased reach of telemedicine services and access to modern communication infrastructure in rural and developing regions. A majority of the developing world's population lives in rural areas and is therefore inaccessible to proper healthcare. Besides convenience of location and cost efficiency, increased government initiatives are also supplementing the high growth. Additionally, the existence of a large number of technology manufacturing units in this region offering cheaper equipment ensures competitive service pricing and steady market penetration. These factors in combination are expected to assist in the growth of the Asia Pacific market during the forecast period. The presence of a significant number of large and small players makes for a highly diverse and fragmented telemedicine market. However, a noted few players present themselves as the largest telemedicine companies globally, these include: CISCO Systems Inc., AMD Global Telemedicine Inc., Polycom Corp. and McKesson Corporation, to name a few. Among these, companies such as CISCO systems and AMD Global Telemedicine Inc. are the leading global companies in telemedicine. For instance, CISCO offers a wide range of TelePresence products and services in order to serve remote patient care and minimize the
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distance between patient and the healthcare experts through network managed services. The company has prominent presence in countries such as United States, Belgium, China, France, India, U.K., Japan and Italy. CISCO's "health presence" software is a healthcare exclusive program, designed specifically to cater the needs of medical professionals and healthcare institutions worldwide. Likewise, AMD offers integrated high-definition video, advanced audio, third-party medical devices, and collaboration tools that provide convenience, efficiency and high quality patient care with high degree of data security as well as privacy.
TABLE OF CONTENT
Chapter 1 Introduction 1.1 Report Description 1.1 Research Methodology 1.2 Market Segmentation
Chapter 2 Executive Summary 2.1 Market Snapshot: Global Telemedicine Market 2.2 Global Telemedicine Market, by Specialty, 2013 (USD Million) 2.3 Global Telemedicine Market, by Service Type, 2013 (USD Million) 2.4 Comparative Analysis: Global Telemedicine Market, by Geography, 2013 & 2020 (Value %)
Chapter 3 Market Overview 3.1 Introduction 3.2 Market Dynamics 3.2.1 Market Drivers
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3.2.1.1 Cost & time efficiency seen as the major factor for increased favor among both rural and urban healthcare institutions 3.2.1.2 Increasing demand for personal healthcare and privacy key in promoting usage of telemedicine 3.2.1.3 Growth of techno savvy individuals shifts public preference from traditional medicine to telemedicine 3.2.1.4 Increased government spending and reimbursement policies to boost telemedicine preference.
Browse the full Global Telemedicine Market Report at http://www.transparencymarketresearch.com/telemedicine-market.html
3.2.2 Market Restraints 3.2.2.1 Dearth of dedicated medical staff exclusive for telemedicine 3.2.2.2 Delayed response time exhibited by some forms of telemedicine hampering overall industry image 3.2.2.3 Inadequate/Incomplete assessment being reported by some patients and medical practitioners 3.2.3 Market Opportunities 3.2.3.1 Proliferation of mobile telecommunication technology to boost coverage of patient pool in rural markets worldwide 3.2.3.2 Advanced imaging and telemedicine technology to boost patient assessment and thereby the global market 3.3 Porters Five Forces Analysis: Global Telemedicine Market 3.3.1 Bargaining Power of Suppliers
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3.3.2 Bargaining Power of Buyers 3.3.3 Threat of New Entrants 3.3.4 Threat of Substitutes 3.3.5 Competitive Rivalry 3.4 Market Attractiveness Analysis of the Global Telemedicine Market, by Geography 3.5 Heat Map Analysis for Telemedicine Market, by Key Market Players and Regional presence 3.5.1 Heat Map Analysis for Global Telemedicine Market, by Key Market Players and Regional Presence
Chapter 4 Global Telemedicine Market, by Specialty 4.1 Introduction 4.1.1 Global Telemedicine Market Revenue, by Specialty, 2012-2020 (USD Million) 4.2 Cardiology 4.2.1 Global Telemedicine Market Revenue in Cardiology, 2012-2020 (USD Million) 4.3 Dermatology 4.3.1 Global Telemedicine Market Revenue in Dermatology, 2012-2020 (USD Million) 4.4 Neurology 4.4.1 Global Telemedicine Market Revenue in Neurology, 2012-2020 (USD Million) 4.5 Gynecology 4.5.1 Global Telemedicine Market Revenue in Gynecology, 2012-2020 (USD Million) 4.6 Orthopedics 4.6.1 Global Telemedicine Market Revenue in Orthopedics, 2012-2020 (USD Million)
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4.7 Emergency care 4.7.1 Global Telemedicine Market Revenue in Emergency Care, 2012-2020 (USD Million) 4.8 Internal Medicine 4.8.1 Global Telemedicine Market Revenue in Internal Medicine, 2012-2020 (USD Million) 4.9 Others 4.9.1 Global Telemedicine Market Revenue in Others, 2012-2020 (USD Million)
Browse the full Global Telemedicine Market Report at http://www.transparencymarketresearch.com/telemedicine-market.html
Chapter 5 Global Telemedicine Market, by Service Type 5.1 Overview 5.1.1 Global Telemedicine Market Revenue, by Service Type, 2012-2020 (USD Million) 5.2 Tele-consultation 5.2.1 Global Tele-Consultation Market Revenue, 2012-2020 (USD Million) 5.3 Tele-Monitoring 5.3.1 Global Tele-Monitoring Market Revenue, 2012-2020 (USD Million) 5.4 Tele-Education 5.4.1 Global Tele-Education Market Revenue, 2012-2020 (USD Million) 5.5 Tele-Training 5.5.1 Global Tele-Training Market Revenue, 2012-2020 (USD Million) 5.6 Tele-Care
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5.6.1 Global Tele-Care Market Revenue, 2012-2020 (USD Million) 5.7 Tele-Surgery 5.7.1 Global Tele-Surgery Market Revenue, 2012-2020 (USD Million)
Chapter 6 Global Telemedicine Market, by Geography 6.1 Overview 6.1.1 Global Telemedicine Market, by Geography, 2012 – 2020 (USD Million) 6.2 North America 6.2.1 North America Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million) 6.2.2 North America Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million) 6.2.3 North America Telemedicine Market Revenue, 2012 - 2020 (USD Million) 6.3 Europe 6.3.1 Europe Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million) 6.3.2 Europe Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million) 6.3.3 Europe Telemedicine Market Revenue, 2012 - 2020 (USD Million) 6.4 Asia Pacific 6.4.1 Asia Pacific Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million) 6.4.2 Asia Pacific Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million) 6.4.3 Asia Pacific Telemedicine Market Revenue, 2012 - 2020 (USD Million) 6.5 Rest of the World 6.5.1 RoW Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million)
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6.5.2 RoW Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million) 6.5.3 RoW Telemedicine Market Revenue, 2012 - 2020 (USD Million)
Chapter 7 Recommendations 7.1 Success Strategies (Key Focus Areas)
Chapter 8 Company Profiles 8.1 Aerotel Medical Systems Ltd. 8.1.1 Company Overview 8.1.2 Financial Overview 8.1.3 Product Portfolio 8.1.4 Business Strategies 8.1.5 Recent Developments
Browse the full Global Telemedicine Market Report at http://www.transparencymarketresearch.com/telemedicine-market.html
8.2 Allscripts Healthcare Solutions, Inc. 8.2.1 Company Overview 8.2.2 Financial Overview 8.2.3 Product and Service Portfolio 8.2.4 Business Strategies
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8.2.5 Recent Developments 8.3 AMD Global Telemedicine, Inc. 8.3.1 Company Profile 8.3.2 Financial Overview 8.3.3 Product Portfolio 8.3.4 Business Strategies 8.3.5 Recent Developments 8.4 CARDIOCOM, LLC 8.4.1 Company Overview 8.4.2 Financial Overview 8.4.3 Product Portfolio and Services 8.4.4 Business Strategies 8.4.5 Recent Developments 8.5 Cisco Systems, Inc. 8.5.1 Company Overview 8.5.2 Financial Overview 8.5.3 Product and Service Portfolio 8.5.4 Business Strategies 8.5.5 Recent Developments 8.6 F. Hoffmann-La Roche Ltd. 8.6.1 Company Overview
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8.6.2 Financial Overview 8.6.3 Product Portfolio 8.6.4 Business Strategies 8.6.5 Recent Developments 8.7 Honeywell HomMed LLC 8.7.1 Company Overview 8.7.2 Financial Overview 8.7.3 Product and Service Portfolio 8.7.4 Business Strategies 8.7.5 Recent Developments 8.8 InTouch Technologies, Inc. 8.8.1 Company Overview 8.8.2 Financial Overview 8.8.3 Product and Service Portfolio 8.8.4 Business Strategies 8.8.5 Recent Developments
Browse the full Global Telemedicine Market Report at http://www.transparencymarketresearch.com/telemedicine-market.html
8.9 LifeWatch AG 8.9.1 Company Overview
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8.9.2 Financial Overview 8.9.3 Product Portfolio 8.9.4 Business Strategies 8.9.5 Recent Developments 8.10 McKesson Corporation 8.10.1 Company Overview 8.10.2 Financial Overview 8.10.3 Product and Service Portfolio 8.10.4 Business Strategies 8.10.5 Recent Developments 8.11 OBS Medical Ltd. 8.11.1 Company Overview 8.11.2 Financial Overview 8.11.3 Product Portfolio 8.11.4 Business Strategies 8.11.5 Recent Developments 8.12 Philips Healthcare 8.12.1 Company Overview 8.12.2 Financial Overview 8.12.3 Product and Service Portfolio 8.12.4 Business Strategies
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8.12.5 Recent Developments 8.13 Polycom, Inc. 8.13.1 Company Overview 8.13.2 Financial Overview 8.13.3 Product Portfolio 8.13.4 Business Strategies
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