Global Telemedicine Market to Reach US$36.30 bn by 2020; Growth Spurred by High Personal Healthcare Demand The valuation of the global telemedicine market was recorded at US$14.30 bn in 2014. After a forecasted progression at a CAGR of 14.30% between 2014 and 2020, this market is expected to reach US$36.30 bn in 2020, according to a market intelligence study published by Transparency Market Research. The report, titled “Telemedicine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,� highlights the key trends, opportunities, and challenges of this market in the given forecast period, thus providing users with valuable knowledge for the purpose of strengthening their position in this market.
According to the report, the largest driver for the growth of the global telemedicine market is the increasing demand for better personal healthcare methods. A larger percentage of the population is able to express their need for faster and sharper diagnostics and medical attention thanks to their increased spending ability; integrating modern telecommunications with healthcare is one of the best ways to achieve that. Other drivers of the global telemedicine market are the increasing need for data privacy, larger number of supportive reimbursement policies, and positive government initiatives and investments. Additionally, the growth of the global telemedicine market will also lead towards meeting one of the healthcare industry’s largest targets: the rural population. People living in rural areas, or even those that live in remote and difficult-to-access regions can easily be helped through the use of telecom services in medicine. The report also warns its users of the various restraints associated with the global telemedicine market, the most prominent of which is the current lack of skilled labor required for operating the devices in this market. The lack of standard or professional training for the use of telemedicine is causing healthcare organizations to achieve unfavorable response times. Another issue persistent in the global telemedicine market is the lack of confidence that telemedicine can impart to patients, regarding the accuracy of medical assessment. Read Full Report: http://www.transparencymarketresearch.com/telemedicine-market.html The report provides details on the global telemedicine market in a segmented fashion. The market is segmented by specialty, service type, and geography.