The global telemedicine market for technologies, including hardware, software & services, stood at US$ 17.8 Billion in 2014, and is anticipated to grow at a CAGR of 18.4% during 2014-2020. The findings from Reportlinker reveals the shortage of physicians in rural and remote areas is fueling the opportunity for telemedicine to spread its reach to millions of patients.
Additionally, telemedicine applications are surging due to the high prevalence of chronic diseases, rising smartphone users, consistent need for improved quality services and rising elderly population across countries which thereby urge telemedicine to deliver improved products with higher patient satisfaction. On the contrary, reimbursement challenges, uneven distribution of telecom network in remote areas, and high operating cost are major factors hindering its implementation.
The report also provides a detailed study on the geographical distribution of telemedicine with the market sizes of North America, Europe and Asia-Pacific along with their future forecast. It also provides an insight into different telemedicine applications with their market share in 2014. Tele dermatology and Tele gynecology grabbed the highest market share, followed by Tele cardiology, Tele neurology, Tele orthopedics, Tele emergency care, etc.
Telemedicine market leaders identified in the report include:
– Philips Healthcare
– GE Healthcare
Read the full report: http://www.reportlinker.com/p02153675-summary/view-report.html